Latest news with #Kait
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.
Al Etihad
23-03-2025
- Business
- Al Etihad
Juma Al Kait: UAE's CEPAs spur growth, build global trade bridges
23 Mar 2025 22:25 RASHA TABILA (ABU DHABI)Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the UAE Ministry of Economy, affirmed that the Comprehensive Economic Partnership Agreements (CEPAs) launched by the UAE in 2021 have become strategic "trade bridges", extending the country's reach to global at Aletihad News Center's Ramadan Majlis, titled "Comprehensive Economic Partnership Agreements: New Paths for Economic Cooperation and Development" - held in the presence of Dr. Hamad Al Kaabi, Chief Aletihad News Center Officer - Al Kait highlighted that the UAE is eager to continue extending the geographical scope of CEPA agreements, aiming to include diverse regions across the Kait revealed that the Ministry of Economy has already finalised 20 CEPAs, while seven new deals are currently under negotiation - about to reach the legal review phase - after which they will be announced. He added that the UAE is looking to sign CEPAs with countries in Africa, Latin America, and Eastern Europe in the near the 20 CEPAs the UAE has signed so far, six are already in force, while the remaining agreements are being readied for implementation. These include deals with Costa Rica, Colombia, South Korea, Mauritius, Chile, Serbia, Jordan, Vietnam, Australia, New Zealand, Malaysia, Kenya, Ukraine, and the Central African the majlis - moderated by Hussein Al Hammadi, Managing Editor of Aletihad News Center - Al Kait explained that the existing CEPAs cover a quarter of the world's population. This access, he said, boosts the local economy, expands the reach of Emirati products, and benefits service providers based in the UAE through the elimination or reduction of customs duties and the mitigation of non-tariff barriers. Leadership Vision Elaborating on the driving force behind these initiatives, Al Kait said: "The vision of our wise leadership for building these partnerships is timely, especially considering the current uncertainty in global trade and the retaliatory tariffs many nations impose. This approach has given the UAE an edge in ensuring secure trade routes with numerous global partners."He pointed out that the entire spectrum of economic and service sectors in the UAE benefits from these agreements, whether in hospitality, construction, finance, logistics, transport, or professional services. By easing traditional market barriers, CEPAs allow UAE-based companies to enter key global markets with fewer hurdles, Al Kait Kait also emphasised the importance of the UAE's world-class logistical capabilities, as its global network of ports creates new commercial routes and secures them through advanced technology and streamlined customs procedures. According to him, this has helped ensure that the UAE's supply chains remain among the most stable and reliable Assistant Undersecretary for Foreign Trade Affairs highlighted the CEPA with India - now in effect for nearly three years - as a successful example of an economic partnership that continues to yield positive results. According to Al Kait, the UAE aims to bolster bilateral trade with India to Dh100 billion over the next two added: "Since its entry into force three years ago, this agreement has yielded remarkable progress, such as spurring growth in exports and imports and offering new opportunities to small and medium-sized enterprises (SMEs) in the UAE, enabling them to tap into the Indian market." Private Sector Al Kait emphasised that the national private sector plays a major role in capitalising on the full potential of CEPAs, opening previously inaccessible channels for cooperation. He cited their importance for several national strategies, such as the Ministry of Industry and Advanced Technology's plan to diversify the country's industrial base and expand production capacities into untapped Kait noted that high tariffs and retaliatory measures are now common in many regions, which complicates trade relations. In contrast, he said it is increasingly challenging for any country to impose similar barriers on the UAE, thanks to its multiple partnerships. He added that CEPAs provide alternatives for the UAE in cases where individual countries decide to halt exports of certain commodities, particularly food items, thereby reinforcing the nation's food security and diversifying import chains for essential supplies. Economic Shifts Addressing the sweeping changes witnessed by many global economies, Al Kait identified various factors influencing these these are geopolitical events that are reshaping international supply chains, fast-paced technological progress that is altering the nature of growth, and a global policy reorientation towards increased self-reliance and protective measures to ensure the stability of domestic industries and safeguard trade interests. He also mentioned climate change and sustainability as prime issues that have now become an inseparable part of trade and investment Kait pointed out that, under its wise leadership, the UAE has responded to these developments by implementing a robust set of laws and policies designed to keep pace with global shifts. He also noted that the UAE was among the first nations to fully recover from the COVID-19 pandemic, mainly due to its open stance on global Kait added that the UAE boasts one of the best business environments in the region and globally, as evidenced by the country's continuous remarkable performance in global competitiveness indicators and other international reports. Story of Exceptional Success "The UAE represents an exceptional success story and an exceptionally successful economic model," Al Kait said."Five decades ago, it depended almost exclusively on oil revenues. Realising that economic prosperity cannot be achieved through a single resource, our wise leadership turned to economic diversification, trade openness, and comprehensive economic partnerships. This marked the beginning of a commercial renaissance through free zones, which have successfully attracted international companies with numerous incentives and seamless logistical support that eases trade with countries around the world."According to Al Kait, the UAE has now entered a new era of foreign trade by targeting high-quality investments in specialised sectors and building a model for specialised economic and free zones - including the Abu Dhabi Global Market and the Dubai International Financial Centre - that have become magnets for leading financial institutions. These areas also include specialised technology zones and clean energy hubs, such as Masdar achievements, he added, are key steps towards preparing the country to usher in the new economic era. According to Al Kait, this new economic phase is outlined in the UAE Vision 2031, an overarching framework designed to accelerate social and economic advancements and reinforce the UAE's global stature and targets include doubling the national economy from Dh1.5 trillion to Dh3 trillion by 2031, increasing non-oil exports to Dh800 billion and raising the volume of non-oil foreign trade to Dh4 trillion. Hamad Al Kaabi: Elevating UAE's global economic position For his part, Dr. Hamad Al Kaabi, Chief Aletihad News Center Officer, emphasised that spotlighting the CEPA programme - first introduced by the UAE in 2021 - came within the framework of Aletihad News Center's commitment to placing national economic issues at the forefront of its audience's Al Kaabi said that CEPAs have become a cornerstone of the wise leadership's efforts to solidify the UAE's position in the global economy. He pointed out that these agreements play a major role in enhancing trade between the UAE and a multitude of international partners, consolidating the nation's status as a premier global trade and logistics hub. Dr. Al Kaabi added that CEPAs will help fulfil the UAE's strategic goals for 2031, strengthening its leadership in fostering a globally open commercial environment and creating investment conditions attractive to global corporations seeking fresh markets and opportunities.
Yahoo
03-03-2025
- Yahoo
Twitch Star Amouranth Hospitalized After Terrifying Home Invasion
Popular Twitch streamer and content creator Kaitlyn 'Amouranth' Siragusa was hospitalized after a harrowing home invasion in the late hours of March 3, 2025. The terrifying incident, which involved armed intruders breaking into her residence, left her with injuries after she was assaulted and forced to comply with the attackers' demands. The robbers, allegedly seeking access to her cryptocurrency assets, subjected her to extreme duress before law enforcement intervened. The shocking event has sparked serious discussions about security concerns for high-profile internet personalities, particularly those with publicly known financial assets. Fans, fellow content creators, and the wider streaming community have expressed their concern, hoping for her swift recovery and demanding better protections for online influencers. Reports indicate that Amouranth was asleep when the attackers entered her home and forcibly removed her from her bed at gunpoint. The criminals, who appeared to have specifically targeted her, demanded access to her cryptocurrency accounts and other valuable assets. During the ordeal, the assailants pistol-whipped her, causing visible injuries. Despite being under extreme pressure, Amouranth fought back and managed to injure one of the intruders before law enforcement arrived at the scene. Her resistance, combined with the rapid response of emergency teams, likely prevented an even worse outcome. Police and SWAT teams swiftly responded to the distress call, securing the area and ensuring that all individuals inside the home were safe. Emergency medical personnel treated Amouranth on the scene before transporting her to a nearby hospital for further evaluation and treatment. Her assistant later provided updates to the public, confirming that Amouranth was not alone and was surrounded by her family while receiving medical care. 'I'm leaving the house now. Kait is at the hospital with family, and I handled the police with statements, etc. […] The animals are all safe, and Kait will be discharged tonight. She does have injuries. I will be with her in the morning as well, and we [won't] be alone at any point. There will be security.' The assistant also addressed rumors circulating online, shutting down any speculation that the event was fabricated. 'Whoever is saying this is fake, I can guarantee you this isn't, and I never want to be this scared again.' This terrifying event has reignited discussions about the risks faced by high-profile streamers, influencers, and digital entrepreneurs. Amouranth, who has built a multimillion-dollar empire through content creation, investments, and business ventures, has been open about her financial successes—including cryptocurrency holdings. While transparency about earnings can be empowering, it also makes creators vulnerable to targeted attacks by criminals who believe they have large sums of money readily accessible. The rise of decentralized digital wealth has added a new layer of risk. Unlike traditional bank accounts, cryptocurrency wallets can sometimes be accessed with just a phone or a recovery key, making high-profile investors even more appealing targets for home invasions, scams, and hacking attempts. This incident highlights the growing need for content creators and online personalities to take extra precautions in securing their assets and personal safety. Law enforcement officials have launched a full-scale investigation into the attack, though details regarding potential suspects remain undisclosed. It is unclear whether the intruders were known to Amouranth or if they had been tracking her movements before the attack. Authorities are examining surveillance footage, digital forensics, and eyewitness statements to identify and apprehend those responsible. Given the violent nature of the crime, the case is being treated as a high-priority investigation. Following her release from the hospital, Amouranth has reportedly taken immediate steps to increase her security. Her assistant confirmed that she would not be left alone at any point and that professional security personnel would be present to ensure her safety. Many fans and fellow content creators are urging influencers to reconsider their approach to online transparency, particularly when it comes to disclosing financial assets and personal locations. While openness fosters trust and engagement with audiences, it also increases vulnerability to targeted crimes. The news of Amouranth's attack has sent shockwaves through the online streaming and gaming communities. Fans, fellow streamers, and internet personalities have taken to social media to express their outrage and support, calling for greater awareness of personal security issues in the industry. Several high-profile streamers have spoken out about the dangers of being a public figure in the digital age, emphasizing the need for better security measures, both online and offline. Some have shared their own experiences with harassment, stalking, and break-in attempts, revealing that these threats are becoming more common in the industry. Amouranth's horrifying experience serves as a stark reminder that fame and financial success in the digital space can come with unforeseen dangers. As content creators continue to grow their platforms and revenue streams, they must also take steps to safeguard their privacy, financial security, and physical safety. For now, Amouranth's supporters are relieved to hear that she is safe and recovering, but the incident has left a lasting impact on the community. Moving forward, the focus will be on ensuring that streamers, influencers, and public figures have the necessary protection to prevent similar tragedies in the future. Fans and fellow creators eagerly await further updates on Amouranth's recovery, hoping that justice will be served against those responsible for this terrifying crime. The post Twitch Star Amouranth Hospitalized After Terrifying Home Invasion – Assistant Speaks Out appeared first on Where Is The Buzz | Breaking News, Entertainment, Exclusive Interviews & More.
