His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, yesterday undertook a tour of the Abu Dhabi International Defence Exhibition (IDEX), which was opened yesterday at Abu Dhabi National Exhibition Centre (ADNEC).
Sheikh Mohammed toured a number of pavilions of national and foreign companies exhibiting at the 11th edition of IDEX, the only tri-service exhibition in the Middle East and North Africa A total of 1,112 companies from 59 countries are showcasing advanced defence technology, systems and solution across land, sea and air sectors.
During his tour, Sheikh Mohammed got insight into the latest sophisticated defence systems, services and products crafted by both national and international exhibitors. He interacted with the exhibitors about their engagement at IDEX, the international up-to-date defence production trends and about the significance of the show to countries, defence manufacturers, suppliers and contractors involved in the MENA's growing defence market.
Sheikh Mohammed set out his tour with a stop at HYDRA Trading LLC where he acquainted himself with displays including spare parts, military vehicles, military medical supplies, emergency and evacuation equipment, life support systems, and bullet proof vests.
Sheikh Mohammed then proceeded to the Chinese pavilion where he viewed the latest defence systems on display.
At Turkey's pavilion, Sheikh Mohammed met with Hassan Kamal Yardimci, Deputy Defence Minister, who described Turkey's engagement at IDEX as the largest in international defence shows.
He also visited the Finnish pavilion where Arto Raty, Permanent Secretary at the Finnish Ministry of Defence, informed HH about Finland's participation at IDEX. - Emirates News Agency, WAM
Foreign Minister H.H. Sheikh Abdullah bin Zayed Al Nahyan said yesterday that UAE and Russia needed to explore new investment opportunities to further expand their economic, trade and investment relations.
Speaking at the end of the third meeting of the UAE-Russia joint ministerial committee, Sheikh Abdullah said trade exchange between the two trade partners were rising, reaching US$ 1.2 billion in 2011. Minister of Industry and Trade of the Russian Federation Denis Manturov led his country's side to the two-day meeting.
He said that Russia has 450 companies operating in the UAE including joint ventures. UAE investment in Russia were estimated at Dh 81 billion (US$ 22 billion) and under-way investment were in the tune of Dh 66 billion according to UAE Federation of Chambers of Commerce and Industry.
He added that nine UAE firms were investing in Russia and Russian holidaymakers visiting the UAE numbered 333,660 in 2012. Russian investment in the UAE raised the number of Russians residing in the UAE to 1,212, according to figures of the first half of last year.
Sheikh Abdullah called on Moscow to endorse the agreement for avoidance of double taxation as the move will deliver positive impact on mutual investment.
He also urged Russia to allow UAE national air carriers to operate flights to more destinations.
For his part, Minister of Industry and Trade of the Russian Federation Denis Manturov said the meeting had examined means of boosting bilateral relations and cooperation in various fields including nuclear power for peaceful use, renewable energy, and air transport.
He praised the UAE as an important partner to Russia in the Middle East region.
Later, the two ministers signed minutes of the meeting. - Emirates News Agency, WAM
Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, discussed with the visiting President of Tatarstan, Rustam Minnikhanov, ways of expanding trade and investment exchange and further joint partnership especially in manufacturing industries, agriculture and Halal foods.
Prospects of joint investment in petrochemicals and auto industries were also examined.
Sheikh Lubna noted to the sincere desire of UAE investors to have a foothold in Tatarstan given its huge natural resources and its strategic geographic position between Asia and Europe.
For his part, President Minnikhanov expressed his country's keenness to further develop trade and investment relations with the UAE as a bright development model. - Emirates News Agency, WAM