The UAE and China, the world’s second-largest economy, signed a preliminary agreement to increase air connectivity between the two countries, which will help deepen their bilateral economic ties.
The latest announcement follows air services consultations between the UAE's General Civil Aviation Authority and the Civil Aviation Authority of China in Beijing last week, the GCAA said in a statement on Sunday.
The two regulators have also agreed to boost co-operation in the broader civil aviation sector and explore initiatives as China seeks to boost its trade and investment ties with the Arab World's second-largest economy.
In June, Etihad Airways signed a joint venture agreement with China Eastern Airlines, a move aimed at growing their routes between the two countries.
The agreement, signed in Abu Dhabi, is the first such commercial alliance between a Middle Eastern and Chinese airline and will create a stronger combined network, Etihad said at the time.
In terms of trade, the UAE is China's largest trading partner in the Arab world, with trade and investment spanning many sectors, including crude oil, petrochemicals and artificial intelligence. China is the UAE’s leading trade partner with non-oil bilateral trade worth Dh264.2 billion ($72 billion) in 2022.
Chinese investments in the UAE increased by more than 16 per cent annually last year to $1.3 billion, Zhang Yimeng, China’s ambassador to the UAE, said earlier this year.
The UAE boosted its investments in China by 120 per cent last year, accounting for “90 per cent of Arab countries' investments in China”, the ambassador said at an Abu Dhabi event at the time.
The two countries also signed agreements to boost co-operation in investments, the Belt and Road Initiative (BRI), industry and technology, and tourism during President Sheikh Mohamed's visit to Beijing in May.
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
Korean Film Festival 2019 line-up
Innocent Witness, June 26 at 7pm
On Your Wedding Day, June 27 at 7pm
The Great Battle, June 27 at 9pm
The Witch: Part 1. The Subversion, June 28 at 4pm
Romang, June 28 at 6pm
Mal Mo E: The Secret Mission, June 28 at 8pm
Underdog, June 29 at 2pm
Nearby Sky, June 29 at 4pm
A Resistance, June 29 at 6pm
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Gran Gala del Calcio 2019 winners
Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)
