Latest news with #JumaMohammedAlKait
Dubai Eye
23-05-2025
- Business
- Dubai Eye
UAE stresses trade cooperation, investment growth at BRICS meeting
The UAE has emphasised its commitment to global trade cooperation and economic partnership at the 15th BRICS Trade Ministers Meeting in Brasília, Brazil. Representing the UAE was Juma Mohammed Al Kait, Assistant Undersecretary of International Trade Affairs at the Ministry of Economy. Al Kait highlighted the country's focus on boosting trade, investment and collaboration among BRICS nations, positioning the UAE as a vital bridge between East and West, and the Global South. BRICS member states discussed key global trade challenges and expressed firm support for a fair, rules-based multilateral trading system. The meeting concluded with the adoption of several key documents aimed at enhancing economic cooperation and BRICS' influence in global trade. The UAE also highlighted its strong bilateral ties with Brazil, pointing to successful joint initiatives and a 23 per cent rise in non-oil trade in 2024, reaching $5.4 billion (AED 19.83 billion). Both countries are set to deepen cooperation in sectors such as energy, infrastructure and technology. The annual BRICS Trade Ministers' Meeting coincides with the broader BRICS summit and is a major forum for strengthening international trade relations. BRICS comprises Brazil, Russia, India, China, South Africa (original members) and has expanded in recent years to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the UAE. Collectively, the BRICS nations represent a significant portion of the global economy, accounting for nearly 40 per cent of the world's population and around 25 per cent of global GDP. The UAE became a member of BRICS in 2024.
Al Etihad
23-05-2025
- Business
- Al Etihad
UAE delegation attends 15th BRICS Trade Ministers Meeting in Brazil
23 May 2025 12:02 BRASÍLIA (WAM) The United Arab Emirates, represented by Juma Mohammed Al Kait, Assistant Undersecretary of International Trade Affairs of the Ministry of Economy, participated in the 15th BRICS Trade Ministers Meeting held in Brasília, Kait reaffirmed the UAE's commitment to strengthening partnerships and seeking new opportunities for increased trade, investment, and collaboration among BRICS member states exchanged views on pressing global trade developments and reaffirmed their strong support for a fair and rules-based multilateral trading meeting concluded with the endorsement of several key documents aimed at deepening economic cooperation and enhancing BRICS' role in global trade governance. Together, these outcomes reflect a unified commitment to enhancing the bloc's work to promote closer trade relations and economic meeting also provided the UAE with the opportunity to shed light on the robust bilateral relationship with Brazil, a founding member of BRICS, focusing on the success of various joint initiatives that have further expanded the UAE's relations with its largest trading and investment partner in South non-oil bilateral trade between the UAE and Brazil reaching $5.4 billion in 2024 - a notable 23 percent increase from the previous year - the two nations are poised to enhance their collaboration across various sectors, including energy, infrastructure, and Kait said the BRICS trade partnership ensure that we can successfully work together to find solutions and is a clear demonstration of the importance of global trade added, 'The UAE is dedicated to fostering trade and economic collaboration among BRICS and internationally. We view our role as a bridge between East and West and the Global South, facilitating dialogue and partnerships that drive sustainable economic development and growth.'The UAE's strategic engagement with BRICS reflects its broader commitment to global economic cooperation and diplomacy. By actively participating in the dialogue, the UAE is reinforcing its position as a key economic and diplomatic leader, championing inclusive development and addressing the challenges of a rapidly changing the UAE continues to strengthen its partnerships within BRICS, it remains focused on advancing joint initiatives that align with the bloc's shared vision of fostering global economic inclusivity and BRICS Trade Ministers' Meeting is an annual event that coincides with the BRCS summit and represents an important platform to strengthen ties, coordinate efforts and to foster trade and economic comprises Brazil, Russia, India, China, South Africa, (original members) and has expanded in recent years to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab the BRICS nations represent a significant portion of the global economy, accounting for approximately 40 percent of the world's population and around 25 percent of global GDP. The UAE became a member of BRICS in 2024, reflecting its strategic focus on expanding diplomatic and economic ties with markets throughout the world to further enhance its role in driving global economic growth and prosperity.
Web Release
08-03-2025
- Business
- Web Release
Ministry of Economy hosts workshop to unveil the new national talent attraction and retention strategy 2031
The Ministry of Economy hosted the 'Future of Jobs' workshop in collaboration with Integra Seven, a leading UAE-based public policy research and consulting firm. The session brought together representatives from 14 key economic entities and companies across the country. The workshop focused on empowering, attracting, and retaining talented individuals in the country, in line with this year's UAE Innovation Month themed 'UAE Innovates 2025', reinforcing the country's position as a global leader in innovation across various economic sectors. H.E. Juma Mohammed Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, emphasized the UAE's continued efforts to achieve its vision to become the best global destination for talented individuals and innovators. This commitment strengthens the country's knowledge- and innovation-driven economic model and reinforces its leadership in attracting and retaining global talent. These efforts include the adoption of strategic initiatives and policies that contribute the development of an attractive environment to attract companies and individuals, thus enhancing their contribution to the sustainable growth of the national economy. The workshop witnessed the launch of the UAE National Talent Attraction and Retention Strategy 2024-2027 and provided participants with key insights into its objectives. Attendees witnessed the unveiling of 17 groundbreaking projects and initiatives that reinforce the nation's unwavering commitment to cultivating a dynamic and competitive environment for talents to thrive. These efforts aim to cement the UAE's status as the ultimate destination where ideas and talents transform into regionally and globally successful ventures. The workshop also served as a valuable opportunity for networking and facilitating the exchange of insights and expertise among key decision-makers from participating entities and companies, including talent leaders from Emirates Integrated Telecommunications Company (Du), Emirates Airlines, DHL, C3 – Companies for Good, Cigna Healthcare, Ahoy Technology, Tarjama, Al Tamimi & Company, First Abu Dhabi Bank (FAB), Infosys, and GrubTech. Their contributions and expertise enriched the dialogue, ensuring a holistic approach to the aspirations and requirements of the future. Natalia Sycheva, Managing Director of Integra Seven, emphasized the importance of private-public collaboration, saying, 'Through this workshop, we not only identified the challenges but also co-created innovative solutions. It provided a valuable opportunity to foster dialogue and cooperation between industry leaders and policymakers in the UAE.' The initiative builds on the high-level events recently organized by the Ministry of Economy, reinforcing its commitment to fostering continuous dialogue with private and public sector stakeholders in both strategy development and implementation.
Zawya
07-03-2025
- Business
- Zawya
Ministry of Economy hosts workshop to unveil the new national talent attraction and retention strategy 2031
17 projects and initiatives were presented, outlining the nation's approach to achieving the vision Abu Dhabi, UAE: The Ministry of Economy hosted the 'Future of Jobs' workshop in collaboration with Integra Seven, a leading UAE-based public policy research and consulting firm. The session brought together representatives from 14 key economic entities and companies across the country. The workshop focused on empowering, attracting, and retaining talented individuals in the country, in line with this year's UAE Innovation Month themed 'UAE Innovates 2025', reinforcing the country's position as a global leader in innovation across various economic sectors. H.E. Juma Mohammed Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, emphasized the UAE's continued efforts to achieve its vision to become the best global destination for talented individuals and innovators. This commitment strengthens the country's knowledge- and innovation-driven economic model and reinforces its leadership in attracting and retaining global talent. These efforts include the adoption of strategic initiatives and policies that contribute the development of an attractive environment to attract companies and individuals, thus enhancing their contribution to the sustainable growth of the national economy. The workshop witnessed the launch of the UAE National Talent Attraction and Retention Strategy 2024-2027 and provided participants with key insights into its objectives. Attendees witnessed the unveiling of 17 groundbreaking projects and initiatives that reinforce the nation's unwavering commitment to cultivating a dynamic and competitive environment for talents to thrive. These efforts aim to cement the UAE's status as the ultimate destination where ideas and talents transform into regionally and globally successful ventures. The workshop also served as a valuable opportunity for networking and facilitating the exchange of insights and expertise among key decision-makers from participating entities and companies, including talent leaders from Emirates Integrated Telecommunications Company (Du), Emirates Airlines, DHL, C3 - Companies for Good, Cigna Healthcare, Ahoy Technology, Tarjama, Al Tamimi & Company, First Abu Dhabi Bank (FAB), Infosys, and GrubTech. Their contributions and expertise enriched the dialogue, ensuring a holistic approach to the aspirations and requirements of the future. Natalia Sycheva, Managing Director of Integra Seven, emphasized the importance of private-public collaboration, saying, 'Through this workshop, we not only identified the challenges but also co-created innovative solutions. It provided a valuable opportunity to foster dialogue and cooperation between industry leaders and policymakers in the UAE." The initiative builds on the high-level events recently organized by the Ministry of Economy, reinforcing its commitment to fostering continuous dialogue with private and public sector stakeholders in both strategy development and implementation. About Integra Seven: An international public policy and business transformation firm headquartered in the UAE. Specializing in the future of the economy, talent, and trade, the firm partners with governments, businesses, and international organizations to develop forward-thinking strategies that drive sustainable growth. Through its expertise in policy design, market intelligence, and stakeholder engagement, Integra Seven plays a pivotal role in shaping innovative solutions that enhance economic resilience and global competitiveness.
TAG 91.1
10-02-2025
- Business
- TAG 91.1
UAE hands Bahrain 115th Arab Economic and Social Council presidency
The UAE has handed over the presidency of the preparatory meetings for the 115th meeting of the Arab Economic and Social Council to Bahrain. The meetings took place at the headquarters of the General Secretariat of the Arab League, where the Social Committee convened to prepare the draft agenda related to the social dossier of the session. The UAE delegation was led by, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy, Juma Mohammed Al Kait as well as several officials at the ministry. In his opening speech, Al Kait reaffirmed the UAE's unwavering commitment to supporting all frameworks of joint Arab action across various fields, including the social sector and its associated projects and initiatives, in line with the vision and directives of its leadership. He highlighted that during its presidency of the 114th session of the Council, the UAE was keen to support and endorse various Arab efforts to advance social progress, contributing positively to comprehensive and sustainable development. He also underscored the significance of pioneering initiatives that bring progress and prosperity to Arab societies, citing the Arab Reading Challenge as one of the region's most prominent knowledge and cultural initiatives driving social development. Al Kait stressed the importance of continuing joint efforts to implement the resolutions of the 114th session of the Economic and Social Council, which serve as a fundamental pillar and roadmap for achieving common objectives in economic and social development. He announced the formal handover of the presidency of the current session to Bahrain and extended his best wishes for its success in supporting Arab development efforts and enhancing the work of the Arab Economic and Social Council across various sectors to promote prosperity for Arab nations and peoples. The draft agenda of the Social Committee includes a review of the implementation of the resolutions from the 114th session of the Economic and Social Council and the activities of the General Secretariat between the 114th and 115th sessions. The draft agenda also addresses the social aspects of the economic and social dossier for the 34th regular session of the Arab League Council at the summit level, set to be held in Iraq.
