gulfindependentnews

  The Uae President, HH Sheikh Mohamed bin Zayed, is currently in the Russian capital for the annual BRICS Summit. Earlier today, he and his Russian counterpart Vladimir Putin discussed bilateral relations and steps to strengthen ties as part of the strategic partnership binding both countries. They also addressed numerous regional and international issues of mutual interest. The Uae is ready to make every effort to make the figures go even higher. The main focus of Uae investments in Russia is economic diversification. The Gulf state is seeking a diversified economic portfolio, different from the traditional focus on oil and gas. Since the beginning of 2024, Uae mediation efforts have helped in nine Russia-Ukraine prisoner exchanges, bringing the total number of captives exchanged to 2,184. The Uae thanks thanked both Russia and Ukraine for their cooperation that has contributed to the success of the exchanges despite multiple challenges.

  UAE President Sheikh Mohamed bin Zayed's visit to Russia highlights the strengthening of UAE-Russia relations, marked by a special dinner involving President Vladimir Putin. Both leaders emphasized bolstering bilateral ties. Sheikh Mohamed is also expected to attend the 16th BRICS Summit, marking UAE's first participation as a member of the organisation. The official Emirati delegation accompanying His Highness includes key ministers like Sheikh Abdullah bin Zayed and Dr. Sultan Al-Jaber. UAE investments in Russia focus on energy, infrastructure, agriculture, and technology, with entities like Mubadala leading major projects in these sectors to diversify the UAE's economy. If history is taken into consideration, the Uae and Russia shared a relatively modest bilateral relationship, characterised by cautious political engagement and limited economic interactions. But things have considerably changed over the past couple of decades. The main focus of Uae investments in Russ...