Egypt is proud of its relationship with the UAE and the two countries are like one nation, President Abdel Fattah El Sisi told officials and ministers in Cairo at a gathering to mark 50 years of Emirati-Egyptian relations.
“We are proud of the relationship between the UAE and Egypt beginning with Sheikh Zayed — who famously said 'Arab Petrol is not more valuable than Arab Blood',” Mr El Sisi said in a recorded message played to delegates.
“The relationship is unique and builds not only on brotherly ties but the understanding of [the] current situation of the Mena region and the world and the reinforcement of mutual interests.
“The continued positions from the great founder, Zayed, in his support of the country during the difficult periods that Egypt went through cemented the relationship and deepened ties. The two nations and their people are like one nation.”
He was speaking to hundreds of delegates from both countries who have gathered for a full day of sessions and discussions on politics, environment, culture and economic cooperation.
Ties between the UAE and Egypt run deep and go back to the time before the formation of the UAE under the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan.
On Wednesday, UAE President Sheikh Mohamed wrote on Twitter of his pride at the milestone.
"We are very proud to celebrate 50 years of friendship and co-operation between the UAE and Egypt," he said. "Together with my brother, President Abdel Fattah El Sisi, we continue to strengthen and build upon these longstanding ties for the long-term benefit of our people and the region."
Minister of Cabinet Affairs Mohammed Al Gergawi echoed Mr El Sisi's earlier sentiments.
“We consider Egypt’s security to be the UAE’s security and its development and stability that of the UAE and all Arabs,” he said.
“This celebration is an occasion to talk about Arab-Arab relations, not out of criticism but to talk about the potential of these relationships.
“The model of relations between the UAE and Egypt reflected in the comprehensive social and political ties is something we should look up to and the potential that can be unlocked by other nations if their ties were well managed.”
Touching on the Arab League summit scheduled for November 1 in Algeria, Mr Al Gergawi said that international events impose “more co-operation on us as Arabs”, and force a “unity of positions”.
He said the summit would being the region closer together.
Egyptian Prime Minister Mostafa Madbouly thanked the UAE for its long-standing support.
“The UAE took pre-emptive steps to support neighbouring countries during turbulent times including the Covid pandemic and the war in Ukraine,” he said.
“Economic and trade ties between the two countries increased in recent years in investments and Emirati companies operating in Egypt. The UAE is the number one country in foreign direct investments, representing 29 per cent of foreign investments in Egypt.”
“Emirati-Egyptian relations present a successful model of bilateral ties between countries and in our Arab region, specifically,” Mr Al Gergawi said.
“These ties were built on complementary and mutual support and reinforcing common interests.”
Last year alone, trade of non-oil commodities between the two nations reached Dh27.8 billion and Dh14.1 billion in the first half of this year.
Economic talks were also launched on the sidelines of the three-day event, to discuss the current investment landscape in Egypt and opportunities for the UAE. The UAE is the number one direct investor in Egypt at $16bn.
“The organisation of this special event on Egyptian soil in the presence of ministers and prominent members of government from the two countries as well as businessmen, investors and entrepreneurs, is a message of love, appreciation and pride in the brotherly ties between the two countries,” Mr Al Gergawi said.
At Investopedia, the global investment platform, discussions focused on investments in finance, healthcare and the pharmaceutical sectors as well as sustainable manufacturing and energy and water.
“In conjunction with the celebration of the 50th anniversary of the establishment of relations between the two countries, we look forward to upgrading the bilateral cooperation relations to more momentous levels in a way that supports the economic development process of the two countries in a sustainable manner,” said Abdulla bin Touq, UAE Minister of Economy and chairman of Investopedia.
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Company name: Farmin
Date started: March 2019
Founder: Dr Ali Al Hammadi
Based: Abu Dhabi
Sector: AgriTech
Initial investment: None to date
Partners/Incubators: UAE Space Agency/Krypto Labs
Jumanji: The Next Level
Director: Jake Kasdan
Stars: Dwayne Johnson, Kevin Hart, Karen Gillan, Jack Black, Nick Jonas
Two out of five stars
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
AWARDS
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How green is the expo nursery?
Some 400,000 shrubs and 13,000 trees in the on-site nursery
An additional 450,000 shrubs and 4,000 trees to be delivered in the months leading up to the expo
Ghaf, date palm, acacia arabica, acacia tortilis, vitex or sage, techoma and the salvadora are just some heat tolerant native plants in the nursery
Approximately 340 species of shrubs and trees selected for diverse landscape
The nursery team works exclusively with organic fertilisers and pesticides
All shrubs and trees supplied by Dubai Municipality
Most sourced from farms, nurseries across the country
Plants and trees are re-potted when they arrive at nursery to give them room to grow
Some mature trees are in open areas or planted within the expo site
Green waste is recycled as compost
Treated sewage effluent supplied by Dubai Municipality is used to meet the majority of the nursery’s irrigation needs
Construction workforce peaked at 40,000 workers
About 65,000 people have signed up to volunteer
Main themes of expo is ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.
Expo 2020 Dubai to open in October 2020 and run for six months
The Greatest Royal Rumble card
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Rusev
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v Kalisto
More from Neighbourhood Watch:
UAE currency: the story behind the money in your pockets
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
MATCH INFO
Manchester United 1 (Rashford 36')
Liverpool 1 (Lallana 84')
Man of the match: Marcus Rashford (Manchester United)
What is the FNC?
The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning.
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval.
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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The specs
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