Connect with us

Aviation & Shipping

UAE and Malta explore ways to enhance cooperation in technology industries, tourism and aviation fields

UAE is Malta’s largest GCC trading partner as of 2022



H.E. Abdullah bin Touq Al Marri, Minister of Economy, held a meeting with H.E. Ian Burg, Minister of Foreign Affairs, European Affairs and Trade in Malta, during which, he highlighted the UAE’s strong relations with Malta. He explained that these relations are founded on the two countries’ shared aspirations to constantly promote constructive cooperation, with the support of their leaderships.

H.E. Bin Touq said: “Both countries’ markets are teeming with economic potential and promising opportunities in many strategic sectors of common interest, especially sectors of the future economy. By exploiting them, we will be able to enhance the existing economic cooperation between the two countries to create opportunities for the private sector and boost investment exchanges.”

H.E. added: “We are keen to increase the volume of non-oil trade exchange between the two countries and look forward to expanding and diversifying the existing partnerships with Malta. The UAE’s FDI in Malta currently total AED 1.3 billion, while the total Maltese investments in the UAE have grown to reach AED 576 million during the period 2003- 2021.”

Furthermore, the Minister of Economy apprised the Maltese Minister of the most prominent developments in the UAE’s economic environment, which have created an economic climate that significantly supports business and investment growth. These developments have also contributed to boosting FDI inflows into the country, in line with the forward-looking vision of the wise leadership, under the objectives of the 50 and the determinants of the UAE Centennial 2071. As part of these developments, the UAE granted 100 per cent foreign ownership, strengthened the legislation to protect intellectual property, and launched an ambitious strategy to attract talent in all sectors to enhance the UAE’s position as a permanent hub for creativity and innovation.

Moreover, H.E. Bin Touq invited Maltese companies to benefit from the advantages and incentives offered by the national economy for growth and expansion in the UAE and the Middle East and African markets. These include the global investment platform ‘Investopia,’ which aims to create opportunities and enable future investments and the Comprehensive Economic Partnership Agreements (CEPA) under which, the UAE has forged four international agreements so far. CEPA negotiations with more countries are underway.

During the meeting, the two sides discussed ways to enhance joint economic and trade cooperation, especially in the sectors of technology industries, agriculture and food security, renewable energy, tourism and aviation, and financial technology, in addition to exchanging experiences and best practices in combating money laundering and terrorism financing. Both parties agreed to adopt the necessary steps to solidify the economic partnership between them by focusing on identified cooperation sectors.

The UAE is the largest GCC trading partner of Malta as of 2022 as it receives 50 per cent of Maltese imports to the region.



Health & Fitness9 hours ago

Dubai Health Authority celebrates the 52nd UAE Union Day

The Dubai Health Authority (DHA) celebrated the 52nd UAE Union Day, with officials expressing their pride at the country’s remarkable...

Awards9 hours ago

Dubai Culture Awards Winners in 2nd Dubai Festival for Youth Music

Dubai Culture and Arts Authority (Dubai Culture) announced the winners of the Dubai Festival for Youth Music during the conclusion...

Events & Happenings9 hours ago

Experience the first snowing street in Dubai this December

Embark on a Winter Wonderland Journey! Dubai’s Raining Street is temporarily transforming into Dubai’s first Snowing Street at Cote d’Azur...

Developments9 hours ago

Nissan Middle East elevates ownership experiences with six-month manufacturer-backed warranty on Genuine Parts

Nissan solidifies its commitment to customer satisfaction and quality, by announcing a six-month manufacturer-backed warranty on all genuine parts sold...

Business & Money9 hours ago

Ajman Bank collaborates with Mastercard to introduce cross-border payment services

Ajman Bank has initiated a strategic partnership with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through...

Real Estate2 days ago

Azizi Developments renews its partnership with US-based Cummins Inc. for another six buildings in Riviera

Azizi Developments, a leading private developer in the UAE, has renewed its partnership with the American global leader in the...

Events & Happenings2 days ago

Fever Celebrates UAE National Day with a Free Candlelight Concert at the Founder’s Memorial in Abu Dhabi

After having delighted audiences worldwide, Candlelight international concert series created by Fever is set to enchant Abu Dhabi once more....

Business & Money2 days ago

eToro recognises Abu Dhabi as a rising fintech hub, receives approval from ADGM to operate in the UAE

Abu Dhabi Financial Markets Authority (ADGM), the international financial centre in the capital of the United Arab Emirates, and eToro,...

Art & Culture2 days ago

Five-Time Grammy Award-Winning Jazz Fusion Ensemble, Snarky Puppy, Set to Captivate Dubai.

 Brace yourselves, music aficionados! Renowned for their genre-blurring sound, Snarky Puppy has earned a stellar reputation for pushing the boundaries...

Sports2 days ago

Slow and Saucy: Heinz® unveils the Slowmaster 57 – The world’s first ketchup racetrack where speed takes a backseat and true quality finishes last!

 As the world’s fastest cars speed around the Yas Marina Circuit at over 200mph for the finale of the F1...

Events & Happenings3 days ago

Shania twain brings show-stopping country-pop performance to abhu dhabi grand prix

Global icon Shania Twain has wrapped up the third day of the Yasalam After-Race Concerts presented by e& at the...

Healthcare4 days ago

Burjeel Holdings Launches Advanced Day Surgery Center in Abu Dhabi’s Al Shahama

As part of its efforts to enhancing access to healthcare services and meeting the community’s evolving needs, Burjeel Holdings launched...

Events & Happenings4 days ago

Sharjah Old Cars Club marks UAE’s 52nd National Day with Route 71 rally

The Sharjah Old Cars Club is all set for an adrenaline-fueled extravaganza marking the UAE’s 52nd National Day celebrations with...

Events & Happenings4 days ago

MOTIONGATE™ Dubai celebrates the Smurfs 65th anniversary with live entertainment, meet & greets and more!

MOTIONGATE™ Dubai, the region’s largest Hollywood-inspired theme park is rolling out the blue carpet to celebrate the all-blue Smurfs 65th...

Events & Happenings4 days ago

Stride Ventures Makes History: First Indian Homegrown fund manager to receive IPA from FSRA (Abu Dhabi Global Market) for CAT 3C License, Paving the Way for Global Expansion

 Stride Ventures, a venture debt fund renowned for supporting pioneering startups and high-growth companies, unveils its latest milestone by securing...