Latest news with #IndustryandAdvancedTechnology
Mid East Info
3 days ago
- Business
- Mid East Info
UAE Participates in the 10th Annual Meeting of the Board of Governors of AIIB - Middle East Business News and Information
Dr. Sultan Al Jaber participates in high-level roundtable on the sidelines of AIIB's Board of Governors Meeting, and reaffirms the UAE leadership's commitment to global partnerships and sustainable development goals Beijing June 2025 – H.E. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and the UAE Governor to the Asian Infrastructure Investment Bank (AIIB), participated in a high-level roundtable held on the sidelines of the Bank's 10th Annual Meeting of the Board of Governors, hosted in Beijing from June 24 to 26, 2025, under the theme 'Connecting for Development, Collaborating for Prosperity.' During the meeting, the Board reviewed key achievements over the past year and explored future initiatives and projects. Participants emphasized the importance of coordinated international efforts to address global economic challenges—particularly those related to climate change—by expanding strategic partnerships, mobilizing concessional finance, and investing in sustainable infrastructure. Dr. Sultan Al Jaber commended AIIB's pioneering achievements and its critical role in financing transformative infrastructure projects across member countries. He noted that the UAE's support for this strategic partnership aligns with the directives of its wise leadership, which prioritizes multilateral cooperation, economic development, and bridge-building among nations. During his meeting with Ms. Zou Jiayi, the new President of AIIB, Dr. Sultan Al Jaber reaffirmed the UAE's continued support for AIIB's efforts to expand its global impact, noting the Bank's success since its establishment in improving living standards in many countries through developmental support and showcasing the importance of multilateral institutions in both development and financing. H.E. Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development and Alternate Governor for the UAE at AIIB, underscored the importance of the strategic partnership between the Fund and the Bank. He emphasized their shared development objectives, which effectively contribute to sustainable economic and social growth in developing nations. He added that AIIB's operational office in Abu Dhabi Global Market has proven to be a successful model for strengthening the Bank's capacity and expanding its operations. Within its first year, the office has helped align investments with the Bank's strategic priorities and enhanced engagement with clients, partners, and stakeholders across the region. It is worth noting that the UAE joined AIIB as a founding member in April 2015 and hosts the Bank's first operational office outside of China, reflecting the UAE's active and leading role in supporting and strengthening multilateral international institutions. Promising Growth and Impact: Over the past decade, AIIB has approved financing exceeding USD 60 billion to support 318 projects. According to its 2024 Annual Report, the Bank recorded exceptional operational growth, approving 51 new projects in 19 member countries, amounting to USD 8.4 billion in financing. AIIB also made significant progress in climate financing, allocating 67% of its total USD 5.6 billion in funding to sustainable projects—exceeding its 2025 target of 50%. Among these initiatives were renewable energy projects with a combined capacity of more than 21 gigawatts, contributing to the annual avoidance of approximately 28 million tons of CO₂ emissions. This decade of success reflects the UAE's forward-looking vision and its dedication to supporting multilateral institutions focused on sustainable development. It also reaffirms the country's strong commitment to international cooperation in addressing global challenges.
Hi Dubai
4 days ago
- Business
- Hi Dubai
UAE Deepens Cooperation with China Across Energy, Renewables, Industry and Infrastructure
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and CEO of ADNOC, concluded a strategic visit to China aimed at deepening cooperation in energy, renewables, and industrial development between the two nations. During the visit, Dr. Al Jaber met with senior Chinese officials, including Finance Minister Lan Fo'an, CPC International Department Head Liu Jianchao, and AIIB President Zou Jiayi. The meetings focused on expanding the UAE-China Comprehensive Strategic Partnership and driving joint initiatives to support sustainable economic growth. He also held talks with executives from major Chinese companies such as CNPC, CNOOC, ZhenHua Oil, and Envision, covering developments in oil, gas, LNG, renewables, refining, and petrochemicals. Discussions explored strategic investments, infrastructure collaboration, and efforts to boost industrial competitiveness and knowledge transfer. The visit comes amid robust economic ties, with China remaining the UAE's top trading partner. Bilateral trade exceeded $100 billion in 2024, while non-oil trade surged by 18% in Q1 2025 compared to the previous year. Dr. Al Jaber underscored the UAE's commitment to fostering long-term partnerships that align with both nations' development goals and global sustainability ambitions. News Source: Emirates News Agency
Gulf Today
4 days ago
- Business
- Gulf Today
UAE, China explore opportunities to strengthen cooperation in energy, renewables, industry, infrastructure
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC, and Chairman of Masdar, conducted a working visit to the People's Republic of China, where he met with senior Chinese government officials as well as top executives from leading Chinese companies. The visit aimed to strengthen bilateral relations and expand cooperation in energy, renewable energy, industry, and infrastructure. During the visit, Dr. Sultan Al Jaber met with Lan Fo'an, China's Minister of Finance, and Liu Jianchao, Head of the International Department of the Central Committee of the Communist Party (CPC) of China, and Zou Jiayi, President of AIIB in the presence of Hussain bin Ibrahim Al Hammadi, UAE Ambassador to China. Dr. Al Jaber emphasised the UAE's unwavering commitment to strengthening and expanding the Comprehensive Strategic Partnership with China, and the importance of launching new initiatives that support the development goals of both nations, with a focus on empowering national companies and enhancing collaboration between the public and private sectors, in a way that supports mutual sustainable economic growth and prosperity. Dr. Sultan Al Jaber held a series of meetings with senior leaders from major Chinese companies, including Wang Yuetao, Chairman of ZhenHua Oil, Liao Zengtai, Chairman of Wanhua, a leading chemicals manufacturing company; Liu Haoling, President of the China Investment Corporation (CIC); Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), one of the world's largest energy and petrochemical companies; Zhang Chuanjiang, Chairman of China National Offshore Oil Corporation (CNOOC); Zhang Lei, Chairman of Envision, specialising in renewables and smart energy management solutions; Song Hailiang, Chairman of China Energy Engineering Corporation (CEEC), active in energy and infrastructure projects; and Chen Guanfu, Chairman of POWERCHINA International. The meetings focused on the latest developments in cooperation across energy sectors, including renewables, oil and gas, LNG, refining, and petrochemicals, as well as strategic shipping and storage. They also explored ways to enhance investments in priority areas of mutual interest and potential industrial infrastructure projects, in line with both countries' shared interest to advancing industrial and technological partnerships that support sustainable development, facilitate knowledge transfer and localisation, and boost global competitiveness. China remains the UAE's largest trading partner, with total bilateral trade exceeding US$100 billion in 2024, reflecting a year-on-year growth of 7%, driven primarily by an 18% increase in imports. In the first quarter of 2025, non-oil trade between the two countries grew by approximately 18% compared to the same period last year, supported by a 32.5% rise in exports, a 20.2% increase in re-exports, and a 12.7% growth in imports. WAM
Al Etihad
4 days ago
- Business
- Al Etihad
UAE, China explore opportunities to strengthen cooperation in energy, renewables, industry, infrastructure
26 June 2025 15:07 BEIJING (WAM)Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC, and Chairman of Masdar, conducted a working visit to the People's Republic of China, where he met with senior Chinese government officials as well as top executives from leading Chinese visit aimed to strengthen bilateral relations and expand cooperation in energy, renewable energy, industry, and the visit, Dr. Sultan Al Jaber met with Lan Fo'an, China's Minister of Finance, and Liu Jianchao, Head of the International Department of the Central Committee of the Communist Party (CPC) of China, and Zou Jiayi, President of AIIB in the presence of Hussain bin Ibrahim Al Hammadi, UAE Ambassador to Al Jaber emphasised the UAE's unwavering commitment to strengthening and expanding the Comprehensive Strategic Partnership with China, and the importance of launching new initiatives that support the development goals of both nations, with a focus on empowering national companies and enhancing collaboration between the public and private sectors, in a way that supports mutual sustainable economic growth and Sultan Al Jaber held a series of meetings with senior leaders from major Chinese companies, including Wang Yuetao, Chairman of ZhenHua Oil, Liao Zengtai, Chairman of Wanhua, a leading chemicals manufacturing company; Liu Haoling, President of the China Investment Corporation (CIC); Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), one of the world's largest energy and petrochemical companies; Zhang Chuanjiang, Chairman of China National Offshore Oil Corporation (CNOOC); Zhang Lei, Chairman of Envision, specialising in renewables and smart energy management solutions; Song Hailiang, Chairman of China Energy Engineering Corporation (CEEC), active in energy and infrastructure projects; and Chen Guanfu, Chairman of POWERCHINA meetings focused on the latest developments in cooperation across energy sectors, including renewables, oil and gas, LNG, refining, and petrochemicals, as well as strategic shipping and also explored ways to enhance investments in priority areas of mutual interest and potential industrial infrastructure projects, in line with both countries' shared interest to advancing industrial and technological partnerships that support sustainable development, facilitate knowledge transfer and localisation, and boost global remains the UAE's largest trading partner, with total bilateral trade exceeding US$100 billion in 2024, reflecting a year-on-year growth of 7%, driven primarily by an 18% increase in imports. In the first quarter of 2025, non-oil trade between the two countries grew by approximately 18% compared to the same period last year, supported by a 32.5% rise in exports, a 20.2% increase in re-exports, and a 12.7% growth in imports.
Gulf Today
20-06-2025
- Business
- Gulf Today
UAE President sends written message to Canadian PM
President His Highness Sheikh Mohamed Bin Zayed Al Nahyan has sent a written message to Mark Carney, Prime Minister of Canada, focusing on bilateral relations between the UAE and Canada. Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, delivered the message during his meeting with the Canadian Prime Minister at the outset of his working visit to the Canadian capital, Ottawa. The meeting explored avenues to strengthen cooperation between the UAE and Canada, with both sides discussing ways to deepen bilateral ties and expand prospects for joint collaboration across various sectors to serve mutual interests and enhance the prosperity and well-being of their peoples. Sheikh Abdullah and the Canadian Prime Minister also explored opportunities for collaboration across various sectors, including the economic and commercial fields, energy, artificial intelligence and education. Sheikh Abdullah stressed that the UAE and Canada share deep-rooted ties and a growing partnership founded on productive and constructive collaboration, aligned with the shared aspirations of both nations and their efforts to achieve sustainable development. Discussions also touched on regional and international developments, with an exchange of views on key topics. Sheikh Abdullah stressed the importance of bolstering joint efforts to support global peace and security. The meeting was attended by Reem Bint Ebrahim Al Hashimy, Minister of State for International Cooperation; Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Sultan Al Mansoori, Envoy of the Minister of Foreign Affairs; Saeed Mubarak Al Hajeri, Assistant Foreign Minister for Economic and Trade Affairs; and Abdulrahman Ali Al Neyadi, UAE Ambassador to Canada. WAM
