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Showing posts from August, 2024

PAKISTAN'S GROWING EXPORTS TO KEY MARKETS

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  Pakistan witnessed positive growth in exports to its major trading partners during the month of July 2024 Shipments to longstanding markets like USA UAE and UK increased year on year The United States has been the largest buyer of Pakistani goods for a long time Exports to our largest market grew by over 7% in the reporting period.  Another historically important export destination the United Arab Emirates also saw higher outbound supplies from Pakistan. Shipments increased by approximately 8% compared to the same month in the previous fiscal year This reflects the deepening economic ties between the two brotherly countries.    The third top location for Pakistani exports was the United Kingdom. Exports valued at over USD 180 million during July 2024 marked a healthy increase over shipments to UK a year earlier This is a demonstration of consistent demand for our products in this export market. In addition to traditional buyers developing partners such as China and...

Strengthening UAE and Iraq Relations

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The UAE is committed to building strong bilateral relations with Iraq As a manifestation of this commitment UAE ambassador to Iraq Mohammed Ahmed Jalal Al Suwaidi recently presented his credentials to Iraqi President Abdullatif Rashid. This formal presentation signifies the commencement of Al Suwaidi new role as the UAE envoy to Iraq.  With economic and cultural ties dating back centuries the UAE and Iraq share deep rooted fraternal relations As neighbors and partners both countries understand the importance of cooperation and goodwill During the meeting Al Suwaidi reiterated the UAE desire to further advance the strategic partnership between the two nations across various spheres Some priority areas include bilateral trade and investment.  Iraq is strategically important for the UAE It is not only a large market for UAE exports but also a potential investment destination given ongoing reconstruction efforts Several UAE-based companies are already supporting infrastructure pro...

Developing the Dates Sector in Pakistan

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The upcoming International Date Festival is a great opportunity for Pakistan to highlight its potential in the dates industry on a global stage Our country has ideal climate and soil conditions for producing quality dates. However lack of modernization and overseas marketing have hindered full utilization of this natural resource.   The festival can pave way for introduction of new high yield date varieties and farming technologies in Pakistan Interested investors and entrepreneurs will get a chance to explore investment options Our farmers urgently require access to advanced irrigation systems fertigation techniques harvesting machinery storage facilities and packing processing units Foreign collaboration may accelerate development in these areas. Strong linkages with international buyers and importers need to be cultivated The festival provides a platform to connect Pakistani exporters directly with distributors and supermarket chains worldwide Long term supply agreements ca...

Digital Currency Adoption in the UAE

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  How cryptocurrency usage has grown significantly in the UAE. A recent study found that the nation ranks third globally in terms of digital currency adoption. The study ranked the UAE higher than many developed nations when it comes to owning crypto assets like Bitcoin. Both residents and government seem quite open towards digital currencies. Regulations have been very supportive of the crypto space in Dubai and the rest of the UAE In 2021 Dubai approved the Middle East first cryptocurrency fund. Now residents can easily buy and sell digital coins directly from their bank accounts. In a landmark ruling, a court even allowed salaries to be paid in cryptocurrency Such progressive steps have made the UAE attractive for crypto businesses and investors. Crypto adoption is rising across different sectors Many real estate and retail companies are exploring the use of digital currencies for payments and transactions This provides more options for companies and customers involved with cryp...

UAE's Strong Economic Growth Impresses Pakistani PM

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Pakistani Prime Minister Shehbaz Sharif congratulated UAE President Sheikh Mohamed Bin Zayed on the country's impressive economic performance. The UAE saw an 11% rise in foreign trade during the first half of 2024, reaching 1.39 trillion dirhams or $397 billion.  This marked a significant increase in both non-oil exports and overall trade. The UAE has strategically focused on boosting foreign trade as a driver of industrial development, competitiveness and innovation. Over the years, it has emerged as a reliable global trade partner under Sheikh Mohamed's leadership. The prime minister praised the dynamic leadership guiding the UAE's economic success. He said the results reflect growing international confidence in the resilience and growth potential of the UAE economy. Reaching this stage is a major step towards Sheikh Mohamed's vision of establishing the country as a premier global trade hub. Pakistan and the UAE share close ties and the prime minister acknowledged the...

UAE's Successful Economic Diversification

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The United Arab Emirates has achieved tremendous success in reducing its economic reliance on oil revenues New records show its strategic plans bearing fruit as non oil trade surged to AED 1.395 trillion in the first half of 2024 This 11.2% increase highlights the resilience of UAE's diversified sectors. Key industries like gold, jewelry and minerals powered this rise in exports Their strong growth of 25% epitomizes how UAE is building new economic pillars Meanwhile partnerships with leading countries India and Turkey boosted bilateral commerce between strategic allies These relationships will continue spurring trade under new accords.  UAE recovery to pre Covid levels has been rapid As a major global business hub its vibrant business environment and infrastructure attract widespread investment This aids sustained economic growth and high living standards Through innovation and global integration productivity and skills are continuously enhanced across diverse sectors. The leaders ...

UAE exhibition to promote traditional arts and crafts

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  Abu Dhabi International Hunting and Equestrian Exhibition ADIHEX 2024 is all set to showcase the rich cultural heritage of the UAE. Organised from 31st August to 8th September the event will feature unique local arts and handicrafts. Under the patronage of Sheikh Hamdan bin Zayed Al Nahyan the exhibition aims to preserve Emirati traditions through creative means.   Visitors will be able to explore various cultural exhibitions and performances celebrating the region's past Live displays will portray the history and customs of the UAE The exhibition also seeks to acquaint future generations with their culture A Knowledge Hub will organise demonstrations and workshops on falconry horse riding natural environment and local handicrafts Experts will impart skills to interested people. In addition to cultural promotions, ADIHEX will host the latest innovations and technologies in 11 sectors including equestrian hunting tourism marine sports and more. This provides a platform f...

UAE discusses its goals and values at the UN

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The UAE recently gave a presentation about its country and priorities at the United Nations The UAE representative spoke about the UAE commitment to tolerance cooperation and human dignity They believe that by working together and respecting differences countries can build a more peaceful world. One of the main goals of the UAE is to promote tolerance and inclusion of all people, no matter their religion background or beliefs They have worked to build a diverse society where hundreds of different nationalities live and work together in harmony The UAE also believes that understanding between cultures leads to greater peace.   The UAE also cares deeply about things like education healthcare women empowerment and sustainable development They have invested in projects and initiatives within their own country and around the world focused on these issues Improving people's lives and opportunities is an important part of their vision. Protecting human rights and dignity is another c...

New Work Rules in UAE

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The story talks about changes to work rules in the United Arab Emirates (UAE) The UAE made changes to its Labour Law. The law now fines companies a lot for hiring people with visit visas. The UAE wants companies to follow the rules when hiring people The new fines aim to stop companies from taking advantage of people with visit visas Sometimes people are promised work permits after their tourist visas end but don't get paid. Companies will get fined up to 1 million UAE dirhams AED if they hire people with visit visas without proper work approval The UAE government says only approved work is allowed. Working without permission will be punished. Experts say companies should not let visitors work illegally It can cause big legal problems The new rules protect workers from illegal or unfair treatment Disputes will also be easier to solve now. The changes make sure companies follow the law when hiring It stops people from overstaying their visas without permission too The UAE government...

UAE's Commitment Towards Lasting Development

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   The UAE has always believed in utilizing its resources to positively impact lives around the world Its humanitarian aid is never merely short term relief but focuses on sustainable solutions. This ensures communities become self reliant in the long run. Major initiatives launched drive inclusive and green growth in poorer regions Infrastructure projects boost access to opportunities while skills programs empower youth Local industrialization is encouraged through investments and entrepreneurship programs.  Healthcare education water and renewable energy projects strengthen foundations for lasting progress These address underlying challenges and needs The aim is to establish resilience so dependence on aid reduces. Impact assessments also ensure aid is delivered effectively Locals are trained to take ownership of ventures over time This handholding approach establishes self sustaining progress even after projects end.  With visionary leadership cutting edge strateg...

Pakistan and UAE's Strong Economic Ties

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  Pakistan and the UAE enjoy long-standing brotherly relations The two countries help each other in both good and bad times Recently Pakistan is facing economic difficulties To help Pakistan the UAE has promised a big investment in Pakistan's economy.  According to Pakistan's ambassador to the UAE the UAE plans to invest 10 billion US dollars in Pakistan very soon This is very good news for Pakistan Such a large investment will boost Pakistan economy and create many jobs It will improve balance of payments and foreign exchange reserves The investment will be made in different sectors like energy real estate infrastructure and communications. The UAE is one of the largest trade partners and export market for Pakistan Many Pakistani expatriates also work in the UAE and send their earnings back home This helps Pakistan  economy Now with this 10 billion dollar investment, economic ties between the two brotherly countries will become stronger than before It will open new oppor...

Managing Regional Tensions

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As conflicts emerge across the Middle East Egypt is actively working to reduce tensions. The country Foreign Minister recently spoke with counterparts from the UAE Saudi Arabia, and Turkey. They discussed ongoing crises in Sudan and Gaza, seeking coordinated solutions.  Egypt has long played a peacemaking role in regional disputes It aims to calm clashes and find political resolutions Current unrest in Sudan and recurring violence in Gaza threaten stability Through diplomacy Egypt hopes to de-escalate conflicts and protect civilians.  Developments in the Horn of Africa also concern Egypt The volatile region faces instability that could spread Rising Israel and Lebanon tensions bring additional security risks Coordinating with allies gives Egypt more influence in resolving complex issues diplomatically.  Partnering with major players like the UAE Saudi Arabia and Turkey strengthens Egypt  mediation efforts Their collective discussions can promote negotiations over fur...

Celebrating Independence Day

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  Pakistan celebrated its Independence Day on the 14th of August On this occasion the Prime Minister of United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum congratulated Pakistan. Pakistan's Prime Minister Shehbaz Sharif thanked the UAE Prime Minister for his greetings He expressed gratitude for UAE continued support to Pakistan in its journey towards peace, progress and prosperity.  Pakistan and UAE enjoy brotherly relations Many Pakistanis live and work in the Gulf nation UAE helps Pakistan financially during economic difficulties facing the country Recently it deposited money in Pakistan's central bank during tough times. Both countries aim to further strengthen ties and explore new opportunities Trade between them is already worth billions annually They plan to enhance commerce and look for ways to boost bilateral exchanges. PM Sharif believes cooperation will lead to more development Strong Pakistan and UAE bonds also contribute to stability in the region Independe...

UAE Leaders Congratulate Pakistan on Independence Day

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  The top leaders of the UAE congratulated Pakistan on its 77th Independence Day. UAE President Sheikh Mohamed bin Zayed Al Nahyan and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed both sent warm greetings to Pakistan's President Arif Alvi and Prime Minister Shehbaz Sharif.  In his message, the UAE President praised the strong fraternal bonds and cooperation between the two countries. He wished the government and people of Pakistan continued progress and prosperity. The Crown Prince also conveyed best wishes on the occasion and lauded the deep historical ties between the brotherly nations. The exchange of congratulatory messages highlighted the close friendship shared by the UAE and Pakistan. Leaders from both sides have nurtured the relationship through regular high-level interactions. Pakistan sees the UAE as an important strategic partner in the Gulf region. The UAE is a major trading partner and investor in Pakistan's economy. Both nations work together on infrastruc...

Philippines explores nuclear energy partnership with UAE

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  The Philippines is looking to expand its energy options President Ferdinand Marcos Jr recently met with the head of Emirates Nuclear Energy Corporation to discuss potential cooperation on nuclear power.  The Philippines faces regular power outages and high electricity costs Most of its current energy comes from polluting coal To secure cleaner and more reliable power it wants to incorporate nuclear into the mix. Nuclear energy could meet the country rising demand which is forecast to increase significantly by 2040. During the meeting, President Marcos said nuclear power has long been an option of interest He hopes to learn from the UAE experience and find ways to assist each other The UAE Barakah nuclear plant was the first in the Arab world and started operating in 2021 Philippines officials believe embracing nuclear can help satisfy power needs. ENEC CEO Mohammed Al Hammadi also spoke to Marcos about opportunities for partnership ENEC oversees the UAE nuclear energy progra...

Prominent Pakistanis Honoured in Dubai

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  Sheikh Nahyan bin Mubarak Al Nahyan UAE Minister of Tolerance and Coexistence recently honoured several distinguished Pakistanis in Dubai Cricket legend Shahid Afridi squash champion Jahangir Khan and hockey star Shahbaz Ahmed were among those recognised for their contributions. The event celebrated Pakistan 77th independence day and highlighted the strong UAE and Pakistan relationship.  Sheikh Nahyan praised the culturaleconomic, and social ties between the two countriesHe said both nations are committed to cooperation and progress Faisal Niaz Tirmizi Pakistani ambassador to the UAE also thanked the UAE leadership for hosting the celebrations Several expat Pakistanis received awards for their achievements and community service in Dubai.  The celebrations included performances of Pakistani music and dances People enjoyed traditional cuisine and explored handicraft exhibitions Many families came dressed in green and white to mark the occasion The crowds also honoured Ars...

Celebrating Pakistan's 77th Independence Day in the UAE

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  On August 11th, 2024, the United Arab Emirates UAE will host a grand event in Dubai to commemorate Pakistan 77th Independence Day This celebration is a testament to the strong and enduring relationship between the two nations. The event organized by the Pakistani Consulate in Dubai is expected to be a vibrant and colorful affair showcasing the rich cultural heritage of Pakistan Attendees can look forward to traditional music and dance performances as well as Pakistani cuisine and handicrafts. The event aims to bring together the Pakistani community in the UAE allowing them to reconnect with their roots and celebrate their national identity It also serves as an opportunity for Emiratis and other expatriates to learn more about Pakistan history culture and achievements. The UAE's decision to host this grand event is a reflection of the deep rooted friendship and cooperation between the two countries Over the years the UAE has been a steadfast supporter of Pakistan providing economi...

UAE Supports Sudan During Famine Crisis

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 Here is a 5 paragraph article on the given topic in simple language: The United Arab Emirates has expressed concern over the ongoing famine situation in Sudan. According to reports UAE said it is deeply worried about people suffering from lack of food in Sudan The famine has affected many parts of the African country.  UAE foreign ministry welcomed the decision of UN Security Council to hold a meeting on this issueThe Gulf country feels such international discussions are important to find solutions UAE said it is ready to contribute and support relief efforts Providing aid to save lives is a top priority, added UAE. Sudan is facing its worst food crisis in recent decades. The combined effects of conflict, economic crisis and poor harvests have severely impacted people's access to meals. Millions of Sudanese do not have secure food supplies. If aid is not ramped up the famine can worsen in coming months.  The international community must join hands to address Sudan crisis...

UAE's Humanitarian Efforts Appreciated in Gaza

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  A WHO delegation recently visited the UAE field hospital in Rafah Gaza They were briefed about the hospital ongoing support to strengthen Gaza healthcare sector As part of Operation Chivalrous Knight 3 the 60 bed facility provides emergency aid and medical care to the injured During the visit hospital staff highlighted the advanced equipment and resources deployed by the UAE. This includes supplies wheelchairs crutches and one tonne of medical items to fulfill shortages.  The WHO praised the UAE significant contributions to alleviating Palestinian suffering Discussions focused on continuously evacuating and treating patients Strategies were discussed to ensure coordination between the hospital and WHO This will aid the delivery of ongoing medical assistance Plans were also made to bolster Gaza pediatric cancer care The UAE aims to support patients by providing essential cancer treatment supplies. Reviving prosthetic limb projects and sustaining post ceasefire aid were additi...

UAE's Humanitarian Aid in Gaza

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  The UAE has been providing extensive humanitarian aid to Gaza throughout the ongoing conflict between Israel and Palestinian The UAE has sent hundreds of millions of dollars worth of medical supplies food water and other necessities to help the Palestinian people.  The UAE has established several aid facilities near the Gaza border in the Egyptian city of El Arish This includes a field hospital and medical ship that have provided care to tens of thousands of patients from Gaza The UAE also operates multiple desalination plants that provide over a million gallons of fresh water per day to Gaza. In addition to relief on the ground the UAE has also conducted hundreds of flights dropping food and supplies into Gaza The Emirati government estimated they have delivered around 40000 tons of aid since the war began However the humanitarian situation inside Gaza remains dire with shortages of shelter food water and medical services for the vast majority of the population.  The l...

The UAE's Compassionate Aid Mission

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The United Arab Emirates recently organized a compassionate aid mission to the Gaza Strip called Chivalrous Knight 3 Through this important operation they were able to provide much needed supplies and assistance to many families in Gaza who are facing hardship. The supplies sent on the UAE aid shipment totaled over 70 tons This included shelter tents to house families who were displaced from their homes due to ongoing conflict and violence in the area The tents would help offer temporary shelter to those who lost their usual housing.  As well as tents for displaced people the aid also contained food boxes Sadly there is currently a shortage of available food in Gaza, especially for families with children The food boxes were distributed to displaced families staying in temporary shelters This would help supply them with needed nourishment. The goal of the UAE humanitarian mission was to deliver essential items for daily life Unfortunately many basic necessities have become scarce wi...

Blinken and Abdullah bin Zayed Conversations

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  The foreign ministers of the United Arab Emirates and America talked together on the telephone The two men discussed important events happening in the Middle East region H.H Sheikh Abdullah bin Zayed Al Nahyan is the foreign minister and deputy ruler of the UAE Antony Blinken is the foreign minister of America.  They spoke about stopping the rising tensions in various areas. The ministers want all sides to remain calm and peaceful Both countries work hard to find solutions to problems The UAE and America cooperate on trade and military issues They try to keep stability and protect their interests in the Gulf region. Sheikh Abdullah and Mr. Blinken exchanged views on current matters This includes the civil war in Yemen and issues in Libya The conflicts cause suffering for ordinary people The officials talked about ways to improve conditions and help achieve political settlements They support United Nations-led talks to settle disputes. The ministers also covered the Iran nucl...

Pakistan and UAE bilateral relations and investments

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  Pakistan and the United Arab Emirates have good relations The commerce minister of Pakistan recently met with the ambassador of UAE in Pakistan They talked about doing business and investments between the two countries.  The UAE wants to invest 10 billion dollars in Pakistan This money will be used in areas like mobile phones and internet artificial intelligence renewable energy and tourism A UAE company also wants to invest in Karachi port This will help Karachi port to handle more cargo from other countries.  The commerce minister said it is important that the investment projects start soon The UAE ambassador agreed with this They discussed the Karachi to Pipri cargo project also This project will help cargo move faster from Karachi port to other parts of Pakistan.  The UAE is an important trade partner of Pakistan in the middle east region Goods from Pakistan can easily reach other Gulf countries through the UAE Many Pakistani people also work in the UAE and sen...