Latest news with #multilateralCooperation
The National
06-07-2025
- Business
- The National
Sheikh Khaled leads UAE delegation for Brics summit in Brazil
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, is in Rio de Janeiro for the 17th Brics summit. Sheikh Khaled will attend the summit that runs over two days, starting on Sunday, on behalf of the UAE President Sheikh Mohamed. The UAE delegation features Reem Al Hashimy, Minister of State for International Co-operation; Dr Thani Al Zeyoudi, Minister of State for Foreign Trade; Ahmed Al Sayegh, Minister of State; Saif Saeed Ghobash, Secretary General of the Abu Dhabi Executive Council and Chairman of the Office of the Crown Prince; Maryam Al Mheiri, Chairperson of the Abu Dhabi Media Office and Adviser of Strategic Relations at the Crown Prince Court; Saeed Al Hajeri, Assistant Minister of Foreign Affairs for Economic and Trade Affairs; and Saleh Al Suwaidi, UAE ambassador to Brazil, state news agency Wam reported. The UAE's membership of the Brics groups is part of its commitment to dialogue and multilateral co-operation to promote peace, security and development through networks that represent emerging economies on the world stage. The founding nations of Brics were Brazil, Russia, India, China and South Africa. The UAE was invited to join an expanded bloc in August 2023 along with Saudi Arabia, Egypt, Iran and Ethiopia. The UAE joined Brics in January 2024.
The National
04-07-2025
- Business
- The National
Sheikh Khaled to lead UAE delegation at Brics summit in Brazil
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, will lead the UAE delegation at the Brics summit in Rio. The summit takes place from July 6-7. The UAE's membership reflects its commitment to multilateral co-operation and constructive dialogue through platforms that represent developing and emerging economies on the global stage, reported the state news agency Wam. Leveraging cultural diversity to promote peace, security and development both regionally and internationally is a central aspect of the UAE's membership, Wam added. The Brics intergovernmental organisation, whose founding members were Brazil, Russia, India, China and South Africa, aims to create greater economic co-ordination among its members The UAE was invited to be part of an expanded bloc in August 2023, along with Saudi Arabia, Egypt, Iran and Ethiopia. It joined in January 2024.
Yahoo
26-05-2025
- Business
- Yahoo
ECB boss Lagarde says strong euro will help EU counter Trump tariffs
The head of the European Central Bank (ECB), Christine Lagarde, said in Berlin on Monday that she was in favour of a stronger euro to help counter the threat posed by the trade dispute with the United States. The world order that has existed for decades is "fracturing," Lagarde said at the Hertie School for governance. "Multilateral cooperation is being replaced by zero-sum thinking and bilateral power plays," she said. "Openness is giving way to protectionism." The "dominant role of the US dollar" was also being brought into question, she argued. "The changing landscape could open the door for the euro to play a greater international role," she said. According to Lagarde, about 20% of the world's foreign exchange reserves are held in euros, with the dollar accounting for 58%. Since Trump announced his global tariff package, the dollar has been under pressure and the euro is stronger against the dollar than it has been for over three years. This could bring "positive implications" including making loans in the EU more favourable, protecting eurozone countries from exchange rate fluctuations and better protection against sanctions, she said. "In short, it would allow Europe to better control its own destiny," she said. The grasp these opportunities, Europe needs to keep its commitment to open trade, keep its economic foundations strong and capital markets liquid, and strengthen its legal foundations, Lagarde said. These goals could be achieved "by uniting politically so that we can resist external pressures," she said.
