Latest news with #UAE-NewZealand
Sharjah 24
21-02-2025
- Business
- Sharjah 24
UAE, New Zealand discuss boosting cooperation, partnership
Enhancing bilateral cooperation During the meeting, the UAE Top Diplomat extended a warm welcome to Winston Peters and discussed ways to enhance bilateral cooperation across various sectors. Strong UAE-New Zealand ties Sheikh Abdullah underscored the strong and long-standing ties between the UAE and New Zealand, which are built on mutual trust, respect, and shared interests. Commitment to comprehensive development He also emphasised the commitment to further developing collaboration in key areas, supporting both nations' aspirations for comprehensive development and sustainable economic prosperity. Regional and international developments The discussions also covered regional and international developments, with both sides exchanging views on various pressing issues. Attendees and Memorandum of Arrangement signing The meeting was attended by Abdulla Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability of the UAE and Rashid Matar Al Qemzi, Ambassador of the UAE to the Republic of New Zealand. Following the meeting, Sheikh Abdullah bin Zayed Al Nahyan and Winston Peters witnessed the signing of a Memorandum of Arrangement for Scientific Cooperation in Antarctica between the International Affairs Office at the Presidential Court of the United Arab Emirates and the New Zealand Antarctic Institute. Representing the UAE, the memorandum was signed by Abdulla Balalaa while New Zealand was represented by Paula Wilson, Deputy Secretary of Europe, Middle East, Africa, and Australia group.
Khaleej Times
05-02-2025
- Business
- Khaleej Times
Malabar Gold expands to New Zealand
Seizing trade opportunities from UAE-New Zealand free trade agreement, Malabar Gold & Diamonds, the sixth-largest jewellery retailer worldwide, has announced its expansion into New Zealand, marking a significant milestone in its global operations. This move comes in the wake of the Comprehensive Economic Partnership Agreement (Cepa) recently signed between the UAE and New Zealand, which aims to enhance trade and economic collaboration between the two nations. The UAE-based company, which operates over 375 showrooms across 13 countries, will invest NZ$75 million to establish its presence in New Zealand. Initially, the company plans to open three state-of-the-art showrooms, showcasing its renowned jewellery collections and craftsmanship to the discerning New Zealand market. "This agreement not only strengthens economic ties but also introduces our products and services to a new audience," said M.P Ahammed, Chairman of Malabar Group. He emphasized that the CEPA significantly facilitates their entry into New Zealand, aligning with the company's vision to become the world's leading jewellery retailer. New Zealand's Trade Commissioner to the UAE, Ahmad Zakkout, expressed optimism about the Cepa's potential to drive increased trade and investment between the two countries. "It's encouraging to see the Cepa already fostering business opportunities," he stated, highlighting the strong connection between the UAE and New Zealand. Shamlal Ahamed, managing director of International Operations at Malabar Gold & Diamonds, noted that New Zealand is a market rich with potential. "This expansion provides an exceptional opportunity to connect with a diverse customer base that appreciates the artistry and quality synonymous with our brand," he said. He added that the Cepa would create a more efficient pathway for their operations in New Zealand. Malabar Gold & Diamonds is committed to maintaining its high standards of sustainability and ethical practices in this new market. The company has a long-standing dedication to Environmental, Social, and Governance (ESG) principles, ensuring compliance with local regulations and prioritizing responsible business operations. Mr. Abdul Salam K.P, vice chairman of Malabar Group, emphasized the company's commitment to operating as a responsible organization and contributing 5.0 per cent of its profits to CSR and ESG initiatives in the countries where it operates. The new showrooms in New Zealand will adhere to Malabar's globally recognized standards of ethical sourcing and eco-friendly practices. The company has a history of supporting various social welfare initiatives, focusing on areas such as health, education, and women's empowerment.
