UAE, Russia Seek to Bolster Cooperation, Push Forward Peace

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan meets with Russian counterpart Vladimir Putin in Saint Petersburg on Tuesday. (WAM)
United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan meets with Russian counterpart Vladimir Putin in Saint Petersburg on Tuesday. (WAM)
TT

UAE, Russia Seek to Bolster Cooperation, Push Forward Peace

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan meets with Russian counterpart Vladimir Putin in Saint Petersburg on Tuesday. (WAM)
United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan meets with Russian counterpart Vladimir Putin in Saint Petersburg on Tuesday. (WAM)

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan held talks with his Russian counterpart Vladimir Putin in Saint Petersburg on Tuesday.

Sheikh Mohamed and Putin underlined the steps taken by their countries in recent years in boosting bilateral cooperation in all fields.

They stressed Moscow and Abu Dhabi’s keenness on developing the cooperation on all levels.

Putin expressed his satisfaction with the level of coordination in various fields.

He added that the economic cooperation between the UAE and Russia has witnessed significant leaps in spite of the COVID-19 pandemic and its impact on the global economy.

Putin praised the “joint work” between Russia and the UAE at OPEC+ with the aim of achieving stability in the global energy markets.

He stressed that the group’s actions are not targeted against any party and that its efforts are aimed at striking a balance and stability between the interests of the producers and consumers and meeting market needs.

Putin highlighted the UAE’s “role and regional standing” that is helping bolster mediation efforts to resolve humanitarian issues. He also hailed its role in “resolving crises in different parts of the world.”

The ties between the UAE and Russia are a “significant factor in the stability of the region,” he remarked, adding that he was keen on discussing the situations in Syria and Libya in depth.

He noted Abu Dhabi’s efforts in easing the humanitarian crises caused by the situation in Ukraine, saying he was aware of the UAE’s concern over the situation around the Zaporizhzhia nuclear plant.

For his part, Sheikh Mohamed stressed his country’s efforts in helping strengthen the foundations of global peace and stability to reduce tensions and find diplomatic solutions to crises.

The two leaders reviewed a number of regional and international issues and developments of common concern during their meeting.

Sheikh Mohamed highlighted the importance of continuing to make unremitting efforts to find political solutions to crises and tensions, stressing the need for dialogue between all parties.

Furthermore, he underscored the UAE's policy in support of peace and stability on the regional and international arenas.

He called for the need to continue serious consultations to resolve the Ukraine crisis through dialogue, negotiation and diplomacy to reach a political settlement in order to achieve global peace and security.

Sheikh Mohamed and Putin had last met during a visit by the Russian leader to Abu Dhabi in 2019.

Sheikh Mohamed noted that the trade exchange between their countries rose from $2.5 billion to around $5 billion in recent years in spite of the pandemic.

He also noted the rise in the numbers of Russian tourists visiting the UAE. He revealed that nearly half a million Russians had visited his country in the past year alone.

Moreover, he noted that some 4,000 Russian companies are operating in the UAE, hoping that cooperation between their countries will increase in the future.



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
TT

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.