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UAE Cabinet Inaugurates New Era Under Mohammed Bin Zayed’s Vision

Emirati Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, chairs the country’s first cabinet session after the election of the new President (WAM)
Emirati Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, chairs the country’s first cabinet session after the election of the new President (WAM)
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UAE Cabinet Inaugurates New Era Under Mohammed Bin Zayed’s Vision

Emirati Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, chairs the country’s first cabinet session after the election of the new President (WAM)
Emirati Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, chairs the country’s first cabinet session after the election of the new President (WAM)

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed Wednesday that the UAE begins a new era of prosperity and growth under the leadership of the new President.

The PM spoke during the first cabinet meeting held after the election of Sheikh Mohammed bin Zayed Al Nahyan as President of the UAE.

He said the vision of the Emirati President in building the national human capital, consolidating the economy and enhancing the international and political position of the UAE, will form a road map for all ministries and federal institutions during the coming period.

The cabinet meeting was held in Abu Dhabi in the presence of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; Lieutenant General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; and Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

Sheikh Mohammed bin Rashid Al Maktoum said: “We confirm the continuity of our efforts and we ask all ministries and federal institutions to raise their suggestions and plans to the Cabinet within the coming 50 days.”

The PM added that the Cabinet will always be a supportive team for the UAE President in his mission in consolidating the foundations of the Union, empowering its institutions, developing its path and enhancing the quality of life.

On Wednesday, the Emirati Cabinet adopted a number of environment and health related policies and legislations including the reformation of the Education and Human Resources Council, chaired by Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation.

The Cabinet meeting saw the approval of the reformation of the Higher Committee for People of Determination Services, chaired by the Minister of Community Development for a period of three years, renewable, and appointed Dr. Abdulrahman bin Abdul Manan Al Awar as the Chairman of the Board of Trustees of the Higher Colleges of Technology HCT.

In addition, the Cabinet approved a policy for Federal Government Revenues by commercial banks working in the UAE, and adopted a new decision regulating the issuance of other categories of shares.

It also reviewed and discussed a number of reports, and approved international agreements with friendly countries.

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Gulf

Albudaiwi Affirms Solidity of GCC Economy to Face Economic Challenges

Secretary General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi
Secretary General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi
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Albudaiwi Affirms Solidity of GCC Economy to Face Economic Challenges

Secretary General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi
Secretary General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi

Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi affirmed the solidity and strength of the GCC economy and its ability to face economic challenges, the Saudi Press Agency said on Saturday.
Albudaiwi’s statement came in his recorded speech at the roundtable meeting between the GCC and American companies, which was held under the patronage of the US Chamber of Commerce on Thursday, June 27, 2024, in the US capital, Washington.
The steps taken by the GCC countries to strengthen trade and investment ties with the US focused greatly on the mutual benefits of this economic partnership, said Albudaiwi.
He also stressed that the six GCC countries enjoy long-term and strong trade and investment relations with the US, and these relations are witnessing clear and significant progress, explaining that these partnerships play a pivotal role in enhancing economic growth, innovation and development across various sectors.
During his speech, he projected some statistics that confirm the progress of cooperation between the two sides, such as achieving bilateral trade between the GCC countries and the US in 2023 of around $180 billion.
GCC countries have also achieved great success in the energy sectors, ranking first globally in crude oil production and reserves and second in natural gas reserves, he noted.
Touching on future strategic GCC projects, such as the GCC railway project, he said it will enhance connectivity between Middle Eastern countries and provide great cooperation opportunities with American partners. He added that the Council countries are working at an accelerated pace to develop digital infrastructure and transition to a technology-based diversified economy.
Albudaiwi concluded by expressing the commitment of the GCC countries to enhancing stability and development in the region, pointing to the ongoing GCC's efforts to resolve regional conflicts and maintain peace and security to achieve more growth and prosperity. He underscored the determination of the GCC countries to deepen cooperation with the US, and ensure sustainable economic growth for future generations on both sides.