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HH Sheikh Mohamed, President of UAE, is in China on a high-profile state visit, after concluding a trip to South Korea. He met his Chinese counterpart Xi Jinping on Thursday to discuss bilateral relations and opportunities to expand Comprehensive Strategic Partnership. The discussions took place in the Great Hall of the People. During the talks, both sides noted that this year marks the 40th anniversary of the establishment of UAE-China bilateral ties. The moment is seen as an opportunity to celebrate the progress made over the last decades. Sheikh Mohamed and Xi said they are committed to bolstering these ties and exchanged views on regional and international issues, including the Israel-Hamas fighting. The conflict has been raging on since October 7 and has already claimed tens of thousands of lives UAE, China sign key MoUs and agreements His Highness noted that Xi’s visit to the UAE in 2018 marked a historic milestone, culminating in the declaration of a Comprehensive S...

On Wednesday, South Korea and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and economic relations. The agreement was signed after a summit in Seoul between South Korean President Yoon Suk-yeol and UAE leader Mohamed bin Zayed Al Nahyan, who is on a two-day state visit—the first by a sitting Emirati leader. Among 19 deals signed, one significant agreement is a memorandum of intent for South Korea to build at least six liquefied natural gas carriers worth approximately $1.5 billion, according to Seoul-based Yonhap News. The UAE also reaffirmed its commitment to invest around $30 billion in South Korea, an agreement initially made during President Yoon's state visit to the UAE in January of the previous year—the first such visit by a South Korean president. Both nations agreed to collaborate in various fields including investment, energy, nuclear power, defense, technology, climate change, and cultural excha...

HH Sheikh Mohamed bin Zayed’s Upcoming State Visits to South Korea and China HH Sheikh Mohamed bin Zayed, President of the UAE, is set to begin a high-profile state visit to South Korea on May 28, followed by a visit to China on May 30. These visits come at the invitation of South Korean President Yoon Suk Yeol and Chinese President Xi Jinping. State Visit to South Korea During his visit to South Korea, Sheikh Mohamed will engage in discussions on bilateral relations and strategies to enhance cooperation in trade, investment, energy, and technology. Additionally, they will address regional and international developments of mutual interest. The UAE and South Korea have a long-standing partnership that began 44 years ago, characterized by cooperation in various domains such as economic development, climate change, nuclear energy, food security, cybersecurity, defense, healthcare, culture, and space. The UAE President’s visit marks a significant milestone in these relations....

In a recent development, UAE’s sovereign investment fund Mubadala Capital has announced a sizeable $13.5 billion investment in the biofuels sector of Brazil – a key bioethanol producer, contributing one-fifth of the total global output. The initiative is part of a broader strategy for Brazil and also includes the construction of five processing units, each valued at $2.7 billion and capable of producing 20,000 barrels of biofuel every day. The first unit is expected to start operations by 2026. Mubadala CIO Oscar Fahlgren, also the head of the entity’s Brazilian operations, said: “It is all about feedstock [which] in reality is agriculture … Brazil is probably the best-placed country … when it comes to agricultural proficiency because of the climate and the fertile soil.” Mubadala Capital to open stock exchange in Brazil The planned biofuel investment will also be used to convert an existing oil refinery in Bahia into a biofuel facility. Despite recent challenges such as g...