The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Abdullah bin Zayed urges UAE and Russia to broaden scope of joint cooperation

posted on 19/02/2013: 1233 views


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

RELATED ARTICLES

29 June 2017 Mohamed bin Zayed gets phone call from Bill Gates
22 June 2017 Mohamed bin Zayed, Serbian President discuss bilateral ties of friendship, cooperation
22 June 2017 Mohamed bin Zayed holds talks with French President
22 June 2017 Abu Dhabi Crown Prince, French FM discuss strengthening relations
14 June 2017 Mohamed bin Zayed and President of Russia discuss regional development, efforts to combat terrorism


Most Read