logo
UAE, Croatia Explore Ways to Strengthen Bilateral Economic Relations

UAE, Croatia Explore Ways to Strengthen Bilateral Economic Relations

Hi Dubai05-05-2025

UAE Minister of Economy Abdulla bin Touq Al Marri met with Croatia's Minister of Economy and Sustainable Development, Ante Šušnjar, to discuss expanding bilateral cooperation in key economic sectors during an official visit to Europe.
The meeting, held as part of Bin Touq's broader European tour, focused on deepening ties in areas such as the new economy, tourism, renewable energy, and advanced technology. Both sides emphasised their shared commitment to sustainable development and fostering a business-friendly environment that encourages private sector engagement.
Bin Touq highlighted the UAE's ongoing efforts to diversify its international partnerships, noting that Croatia, as an emerging European economy, offers strategic opportunities in sectors including logistics, creative industries, and infrastructure. He underscored tourism as a particularly promising area, citing the potential for both countries to exchange expertise and enhance their global presence in the travel sector.
The ministers also explored ways to strengthen regulatory cooperation and support innovation in the evolving global economy. Discussions included plans to exchange best practices in development policies and foster closer dialogue between the UAE and Croatian business communities.
Bin Touq encouraged private sector players to actively explore investment prospects and forge communication channels that align with the nations' mutual goals for sustainable economic growth.
The meeting reaffirmed the UAE's commitment to expanding its global economic footprint through collaborative frameworks with like-minded partners. As both nations aim to position themselves as hubs for innovation and investment, the dialogue is expected to lay the groundwork for more robust economic and commercial ties in the near future.
News Source: Emirates News Agency

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BYD to invest $94 million in new Hungary plant
BYD to invest $94 million in new Hungary plant

Gulf Today

time17 hours ago

  • Gulf Today

BYD to invest $94 million in new Hungary plant

Chinese automaker BYD will invest 32 billion forints ($94 million) in a new plant in the northern Hungarian town of Komarom, tripling its annual capacity to 1,250 electric buses and trucks, Hungarian Foreign Minister Peter Szijjarto said. Under right-wing Prime Minister Viktor Orban, Hungary has become an important trade and investment partner for China, in contrast with some other European Union nations considering becoming less dependent on the world's second-largest economy. 'We Hungarians do not consider East-West cooperation a threat, but rather an opportunity, a big opportunity,' Szijjarto was quoted as saying on Friday, adding that the government would support the project with a 3.1 billion forint grant. Orban, who has spearheaded a drive in central Europe to bring Chinese EV and battery manufacturing plants to Hungary, has said his landlocked country did not want to be squeezed into either bloc and wanted to keep trading with both sides. BYD, which is also building an electric car factory in southern Hungary and expects to establish a European centre in the country, will establish a research and development laboratory alongside its latest investment in an apparent reward for Hungary's condemnation of European tariffs on Chinese EVs. Orban started bringing his country closer to Beijing after he came to power in 2010. Warm political relations turned into investments about a decade later when battery and EV makers started to bring production to Hungary. Reuters

Global Electric Vehicle Fleet Hits 55.8 Million in 2024
Global Electric Vehicle Fleet Hits 55.8 Million in 2024

TECHx

timea day ago

  • TECHx

Global Electric Vehicle Fleet Hits 55.8 Million in 2024

Home » Smart Sectors » Energy » Global Electric Vehicle Fleet Hits 55.8 Million in 2024 The global electric vehicle fleet increased by around one-third in 2023, reaching a total of 55.8 million units. This was revealed in new data compiled by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW), a German energy research institute. The figures include fully electric vehicles, plug-in hybrids, and electric cars with range extenders. China led the global market with 31.4 million electric vehicles, accounting for more than 50 percent of the worldwide total. The United States followed in second place with 6.4 million vehicles. Germany ranked third with 2.6 million, while the United Kingdom and France each reported approximately 2.1 million. Norway recorded just over 1 million electric vehicles. However, growth in the global electric vehicle fleet showed signs of slowing. In 2024, the number of electric vehicles grew by 13.8 million slightly lower than the 14.2 million increase reported in 2023. Key highlights: China accounts for over half of all electric vehicles worldwide. U.S. and Germany follow in second and third positions, respectively. Global EV growth in 2024 slightly declined compared to 2023. Source: Emirates News Agency

UAE ranks in world's top 7 for tourist spending
UAE ranks in world's top 7 for tourist spending

Filipino Times

timea day ago

  • Filipino Times

UAE ranks in world's top 7 for tourist spending

The United Arab Emirates ranked among the world's top seven destinations for international tourist spending in 2024, according to a report by the World Travel and Tourism Council (WTTC). Visitors spent AED217.3 billion (US$59.2 billion) in the UAE, a 5.8% increase from 2023 and over 30% higher than pre-pandemic levels. His Highness Sheikh Mohammed bin Rashid Al Maktoum said, 'The WTTC report highlights the exceptional achievements of the UAE tourism sector. International visitor spending exceeded AED217 billion last year, with domestic tourism expenditure reaching AED57 billion. 'The UAE ranks among the world's top seven destinations for international tourist spending, surpassing countries that have been in this industry for centuries,' His Highness added. The report also showed that domestic tourism contributed AED57.6 billion (US$15.7 billion), bringing the total travel and tourism sector's impact on the UAE's GDP to AED257.3 billion. That amount represents 13% of the national economy and is one of the highest growth rates globally. The rise in visitor spending came from a wide mix of tourists, mainly from India (14%), the United Kingdom (8%), Russia (8%), China (5%), and Saudi Arabia (5%). The rest came from other parts of the world, showing the UAE's global appeal. Minister of Economy and Tourism Abdulla bin Touq Al Marri said the country's achievements are the result of strong strategies, infrastructure upgrades, and international partnerships. He added that these efforts help create jobs and attract more investment in tourism.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store