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UAE exempts 222 citizens from $39mn in debts
UAE exempts 222 citizens from $39mn in debts

Arabian Business

time9 hours ago

  • Business
  • Arabian Business

UAE exempts 222 citizens from $39mn in debts

The UAE's Defaulted Debts Settlement Fund has exempted 222 citizens from debts totalling more than AED 139.879 million, following directives from President Sheikh Mohamed bin Zayed Al Nahyan. The initiative, which operates under the supervision of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, targets retirees and social support categories. UAE waives citizens' debts The Fund cleared debts exceeding AED 86.476 million for 132 retirees, whilst exempting 90 citizens under the social support category from debts totalling more than AED 53.403 million. 'The initiative reflects the wise leadership's vision to ease the lives of citizens and ensure them a dignified and stable standard of living,' the Emirates News Agency (WAM) said in a statement. The programme contributes to social development by alleviating financial burdens, supporting retirees and social support beneficiaries, and fostering family stability, according to the statement. The initiative aligns with the UAE's national strategy for sustainable development and demonstrates commitment to social cohesion and prosperity, with attention focused on those who served the country and the community's most vulnerable members. The Fund emphasised that the programme embodies President Sheikh Mohamed bin Zayed Al Nahyan's commitment to alleviating financial burdens on citizens. It highlights his vision to ensure a dignified life for Emiratis, promote their well-being, strengthen family and community stability, and uphold the values of cohesion and solidarity that characterise Emirati society.

UAE, Kuwait sign multiple agreements, deals to boost cooperation
UAE, Kuwait sign multiple agreements, deals to boost cooperation

Zawya

time13 hours ago

  • Business
  • Zawya

UAE, Kuwait sign multiple agreements, deals to boost cooperation

KUWAIT CITY - In the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, and H.H. Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, Prime Minister of Kuwait, the UAE and Kuwait signed a number of agreements and memoranda of understanding (MoUs) today aimed at strengthening bilateral cooperation across multiple sectors. The signings took place during H.H. Sheikh Mansour bin Zayed's official visit to Kuwait and were held at Bayan Palace. These agreements are intended to broaden the scope of strategic partnerships between the two nations and to support their mutual development priorities. The agreements and memorandums include the following: An MoU for cooperation in the health sector, signed by Abdul Rahman bin Mohammad bin Nasser Al Owais, UAE Minister of Health and Prevention, and Dr. Ahmed Abdul Wahab Al-Awadi, Minister of Health of Kuwait. An MoU between the Anwar Gargash Diplomatic Academy (AGDA) and the Sheikh Soud Nasser AlSabah Kuwait Diplomatic Institute, signed by Khalifa Shaheen Al Marar, UAE Minister of State, and Abdullah Ali Al Yahya, Foreign Minister of the State of Kuwait. An MoU in the field of land transport and roads infrastructure, signed by Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure, and Dr Noura Mohammed Al-Mashaan, Minister of Public Works & Municipality of Kuwait. An MoU in the field of social development affairs, signed by Shamma bint Suhail Faris Al Mazrui, UAE Minister of Community Empowerment, and Dr. Amthal Hadi Al-Huwaila, Minister of Social Affairs, Social Development, and Family and Childhood of Kuwait. An MoU in industry and advanced technology, signed by Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Khalifa Abdullah Dhahi Al-Ajeel Al-Askar, Minister of Commerce and Industry of Kuwait. An MoU in education sector, signed by Sarah bint Yousif Al Amiri, UAE Minister of Education, and Sayed Jalal Sayed Abdul Mohsen Al-Tabtabaei Minister of Education of Kuwait. An MoU in oil and gas cooperation, signed by Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure, and Tariq Suleiman Al-Roumi, Oil Minister of Kuwait. An MoU in the field of combating human trafficking and another on legal cooperation were signed by Abdullah bin Sultan bin Awad Al Nuaimi, UAE Minister of Justice, and Nasser Yousef Al-Sumait, Minister of Justice of Kuwait. An MoU in the field of electricity, water, and future energy, signed by Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure and Dr. Subaih Al-Mukhaizeem, Minister of Electricity, Water, and Renewable Energy of Kuwait. An MoU in the field of promoting direct investment, signed by Mohamed Hassan Al Suwaidi, UAE Minister of Investment, and Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director-General of Kuwait Direct Investment Promotion Authority (KDIPA). An MoU in the field of data protection and information exchange in joint security projects, signed by Major General Khalifa Hareb Al Khaili, Undersecretary of the UAE Ministry of Interior, and Major General Ali Al-Adwani, Acting Undersecretary of Ministry of Interior of Kuwait. An agreement was also signed earlier on the "Artificial Intelligence Infrastructure Partnership" launched by MGX, BlackRock, Global Infrastructure Partners, and Microsoft, which now includes the Kuwait Investment Authority as a partner. In addition, a contract was signed between the Kuwait's Ministry of Defence and the UAE's EDGE Group for the procurement and delivery of several 'Falaj 3' class missile boats.

ICBA concludes participation at Emirates Agriculture Conference and Exhibition 2025
ICBA concludes participation at Emirates Agriculture Conference and Exhibition 2025

Zawya

timea day ago

  • Science
  • Zawya

ICBA concludes participation at Emirates Agriculture Conference and Exhibition 2025

Dubai, UAE – The International Center for Biosaline Agriculture (ICBA) concluded its participation at the Emirates Agriculture Conference and Exhibition 2025, held from 28 to 31 May at the ADNEC Centre in Al Ain. Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, and Chairman of the Presidential Court, the event served as a national platform to highlight agricultural research, foster collaboration across sectors, and advance sustainable solutions for food and water security—reinforcing ICBA's leadership in science and innovation for arid and saline environments. ICBA's booth, attracted wide interest from visitors, including government officials, high-level dignitaries, international partners, as well as researchers, students, and private sector representatives. Under the theme 'From the UAE to the World: 25 Years of Innovation in Resilient Agriculture,' ICBA presented a comprehensive overview of its core research areas, including water and soil management, digital agriculture, and the development of climate-resilient crops. The exhibit featured scientific publications, interactive displays of field projects, and visual presentations of ICBA's successful experiences with farmers, women, and youth across the region. ICBA also showcased samples from its gene bank, featuring drought-, heat-, and salt-tolerant seed varieties, along with food products developed from locally adapted crops such as Emirati quinoa, millet, and sorghum—offering practical solutions to enhance food security in arid and saline environments. 'At ICBA, our mission is to harness science and innovation to address the complex agricultural challenges facing saline and resource-constrained environments,' said Dr. Tarifa Alzaabi, Director General of ICBA. 'Participating in the Emirates Agriculture Conference and Exhibition provided an important platform to share our scientific insights, engage with partners, and reinforce the role of research in driving sustainable transformation. We are committed to developing climate-resilient solutions that advance food and water security, support national priorities, and empower farmers, women, and youth to thrive in the face of environmental change.' As part of the conference's central agenda, Dr. Tarifa Alzaabi, Director General of ICBA, participated in a high-level panel discussion titled 'The Role of International Organisations in Advancing a Sustainable Food Security Ecosystem'. The session explored collaborative pathways for improving food system resilience through science and innovation. In her intervention, Dr. Alzaabi emphasized ICBA's mandate to generate evidence-based, climate-smart solutions that are adapted to the needs of resource-constrained environments. Dr. Tarifa outlined how ICBA leverages its scientific expertise, strategic partnerships, and regional knowledge to support agricultural transformation in alignment with national and global sustainability goals. A highlight of ICBA's participation was the renewal of cooperation agreement with the Islamic Development Bank (IsDB), reinforcing a long-standing partnership focused on promoting sustainable agricultural development in marginal environments. Equally notable was the signing of a new MoU with Aspire, aimed at advancing innovation in sustainable agriculture for saline and arid regions. This collaboration will support the development of AI-powered tools for smart irrigation, climate-resilient farming systems, and renewable energy integration, positioning the UAE at the forefront of agricultural technology and climate adaptation. ICBA also concluded its public engagement activities with a well-attended workshopintroducing visitors, particularly youth and families, to the ecological importance of native species, biodiversity, and the role of healthy soils in sustaining agricultural productivity. This reflects the Center's role in promoting hands-on activities and community dialogue, as well as its continued commitment to environmental awareness and community education. As it marks 25 years of impact, ICBA continues to advance its mission by developing innovative agricultural practices tailored to the realities of saline and arid regions. Through its research programs, capacity-building efforts, and strategic collaborations, ICBA remains a key contributor to building resilient, inclusive, and sustainable food systems.

Kuwait, UAE ... building bridges for a prosperous future
Kuwait, UAE ... building bridges for a prosperous future

Zawya

timea day ago

  • Business
  • Zawya

Kuwait, UAE ... building bridges for a prosperous future

KUWAIT -- The Vice President, Deputy Prime Minister and Chief of Presidential Court of the United Arab Emirates, Sheikh Mansour bin Zayed Al-Nahyan is set to arrive in Kuwait, Tuesday, on an official visit aimed at strengthening the Kuwaiti-Emirati relations and discussing topics of mutual interests. For over 60 years, Kuwait and the UAE have maintained a strong partnership built on strategic cooperation and deep integration. The Kuwaiti-Emirati relations are characterized by shared goals, a unified approach to regional and global challenges, and the mutual commitment of both countries' leadership to strengthen bilateral ties, expand cooperation, and develop strategic partnerships across political, economic, and social sectors to support national interests and regional stability. Over the years, Kuwait and the UAE have signed numerous agreements and memoranda of understanding (MoUs) aimed at strengthening comprehensive strategic partnerships and advancing bilateral relations to broader horizons. These MoUs cover a wide array of fields, particularly in political, economic, and social domains, reflecting a shared vision of long-term development and mutual trust. In 2024 alone, reciprocal visits by the leaderships of both countries have further cemented this relationship and introduced new dimensions to the strategic partnership, resulting in a series of MoUs and agreements across various sectors. A notable milestone in this partnership was the state visit of His Highness the Amir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, to the UAE on March 5, 2024, during which he held talks with UAE President Sheikh Mohammad bin Zayed Al-Nahyan focusing on bilateral relations and avenues for development across multiple sectors. Following this visit, a joint statement was issued, lauding the close cooperation between the two nations in multiple fields such as politics, diplomatic affairs, economy, trade, finance, investment, the private sector, energy, cybersecurity, communications, and technology, among other areas. The statement also highlighted the growth in bilateral trade and investment, noting that non-oil trade between the two countries reached approximately USD 2.12 billion in 2023, marking a two percent increase from 2022. Both sides underscored the importance of expanding economic cooperation and partnerships, leveraging available opportunities, and exploring new economic prospects in line with Kuwait Vision 2035 and the UAE's "We the UAE 2031" Vision. Regarding defense and security, the two countries affirmed their commitment to enhancing defense cooperation and developing strategic partnerships to safeguard the security and stability of both nations and the region. They also pledged to strengthen collaboration in combating all forms of crime, counterterrorism, and border security, while commending the robust levels of existing security and intelligence cooperation. The joint statement also welcomed the expansion of Emirati and Kuwaiti investors' and companies' operations in both countries and encouraged them to seize opportunities across key sectors. The state visit of the UAE President to Kuwait in November 2024 further bolstered the steadfast ties between the two countries, underscoring their shared determination to enhance cooperation across all fields. Regarding the political and diplomatic spheres, both leaderships share common views on several regional and global issues, including the urgent need to intensify efforts to reach a comprehensive and just settlement to the Palestinian cause based on the two-state solution, ensuring the Palestinian people's right to establish an independent state with East Jerusalem as its capital. Regarding regional crises, both sides reiterated their support for security and stability in the region, emphasizing the importance of dialogue and diplomatic solutions to resolve disputes, fostering communication, building bridges of partnership and cooperation, and promoting solidarity, tolerance, peaceful coexistence, and the sustainability of growth, stability, and global peace for current and future generations in the region. Formal cooperation between Kuwait and the UAE began in 1972 with the opening of their respective embassies in Abu Dhabi and Kuwait, and since then, the two countries have signed numerous agreements, MoUs, and executive programs to support development in both nations. The fifth session of the Joint Supreme Committee between the two countries, held in Abu Dhabi on September 2, 2024, marked a major milestone with the signing of agreements and MoUs covering cybersecurity, infrastructure, telecommunications, defense industries, education (2024-27), sports (2024-26), and cultural cooperation (2024-26). Environmental cooperation also saw significant progress, with the signing of an MoU in November 2021 between the Kuwaiti Environment Public Authority and Emirati authorities to enhance biodiversity cooperation, exchange expertise, and implement joint projects in agriculture, fisheries, and environmental agreements. Regarding traffic and traffic violations, a project to integrate traffic systems between the two countries was launched in February 2023, laying the groundwork for broader cooperation in traffic and security services across the GCC countries. Further developments included the inauguration in April 2023 of the first direct shipping line for container vessels between Abu Dhabi's Khalifa Port and Kuwait's Shuwaikh Port, boosting trade and logistics ties. In February 2024, the two nations signed an agreement to avoid double taxation on income and capital, alongside a cultural cooperation MoU signed in March 2024 between Kuwait's Cultural Office in Dubai and Gulf Medical University in Ajman to allocate medical scholarship seats. In June 2024, the civil aviation authorities of both countries signed an MoU to deploy air marshals on civilian flights, enhancing aviation security and passenger safety. In August 2024, Kuwait's Ministry of Public Works signed an MoU with the Fujairah Natural Resources Corporation in the UAE to supply steel, the aim is to enable the Ministry of Public Works to benefit from Fujairah's expertise. The UAE is Kuwait's second-largest global trading partner after China, the leading Arab and Gulf partner, and the top global destination for Kuwaiti non-oil exports, accounting for 22 percent of Kuwait's non-oil exports worldwide. The UAE is also Kuwait's third-largest source of imports, the investment ties are equally robust, with the UAE ranking the third-largest foreign investor in Kuwait, accounting for six percent of total foreign direct investment by the end of 2022. Kuwait also remembers the UAE's official and public support during the Iraqi invasion in August 1990, when the UAE hosted tens of thousands of Kuwaiti families and contributed its armed forces to Kuwait's liberation. The history of mutual support dates back further. Kuwait's late Amir Sheikh Abdullah Al-Salem Al-Sabah visited Sharjah in 1952 and directed the dispatch of an educational mission to the UAE in 1955, which established and opened schools, provided books and supplies, and initiated medical missions in 1962. Kuwait also financed and supervised these services and established a television broadcast station in Dubai in 1969, known as "Kuwait TV from Dubai." A significant step forward in the partnership came with the signing of the Joint Cooperation Committee agreement in Kuwait on April 24, 2006, followed by the first committee meeting in Abu Dhabi in March 2008, and subsequent sessions continued to deepen ties through various agreements and MoUs. The strong and enduring partnership between Kuwait and the UAE continues to thrive, driven by the wisdom and vision of their leaderships, serving the mutual interests of both nations and contributing to security, stability, development, and prosperity. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (

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