The UAE and Britain reiterated their commitment for promoting commercial and diplomatic ties with each other. Current trade between two nations stands at 10 billion pounds. Both nations want it to touch 12 billion pounds by 2015 through enhanced cooperation as underlined in the joint statement issued at the end of the second meeting of joint economic commission between the UAE and UK.
UAE Economy Minister Sultan bin Saeed Al Mansouri pledged to extend every possible help to the turmoil-hit economies of Arab Spring nations, playing the role of true and trustworthy partner of these nations. He was expressing these views on the sidelines of the UAE-UK CEO Forum attended by a strong delegation led by British Minister for Trade and Investment Lord Green.
Abu Dhabi’s consumer price index (CPI) rose 3.1% in February 2011 compared to the same month in 2010 according to recently released figures by Statistics Centre Abu Dhabi. Consumer prices rose 3.3 per cent for the first two months of 2011 and the CPI edged up 0.1% to 121.2 points in February 2011, up from 121.0 points in January 2011.
The investments made by UAE in the Egyptian nation have touched Dh36.7 billion ($10 billion) within 520 projects, as reported by the latest issue by the UAE Minister of Economy.
These investments comprise of projects in the industry, construction, urban development, housing, infrastructure, financing projects, communications, and also the agricultural and tourist development projects.
On Wednesday UAE Economy Minister, Sultan Bin Saeed Al Mansouri called summon for a worldwide incorporated action plan so as to deal with the economic risks which is faced by multiple nations and regions.
This was held in Dubai at the World Economic Forum (WEF) Summit on the Global Agenda.
He assumed that the economy problems are interconnected so to find out the solution to this problem they must cooperate with each other
On Saturday the UAE minister of economy Sultan al Mansouri expressed that the discussions flanked by the UAE and Canada regarding air travel privileges have worn out.
Mr. Mansouri commented on his sturdiest remarks still the constant argument between the UAE and Canada on landing privileges for Etihad and Emirates airlines. He further conveyed to reporters that they have used all the provisos of discussions with the Canadians more than six years.
State news agency WAM reported on Saturday that the Economy Ministry of the United Arab Emirates (UAE) is planning to develop new laws regarding industrial laws and foreign investment with an intention of modernizing for a presenting a clearer picture of the finances and also to strengthen the confidence of the customers in the company. The United Arab Emirates is the second-largest Arab economy.