President Sheikh Mohamed holds talks with El Sisi in Egypt


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President Sheikh Mohamed on Saturday held talks with Egyptian counterpart Abdel Fattah El Sisi on an official visit.

The two leaders reviewed efforts to boost long-standing ties during a meeting in the Egyptian city of El Alamein, state news agency Wam reported.

They explored ways to strengthen relations in a number of existing areas of co-operation, with a focus on the economy and investment.

They also discussed regional and international developments and underlined the importance of joint Arab action to secure peace, stability and development in the region.

The two men declared their intention to enhance their partnership, in light of challenges facing the Middle East.

The meeting was attended by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of Presidential Court, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Sheikh Nahyan bin Zayed, chairman of the board of trustees of the Zayed Charitable and Humanitarian Foundation; Sheikh Hamdan bin Mohamed bin Zayed and Sheikh Mohammed bin Hamad, Special Affairs Advisor at the Ministry of Presidential Affairs.

President enjoys Egypt visit

Sheikh Mohamed has enjoyed a warm welcome in Egypt, in keeping with the friendship between the nations.

Video has been shared on social media of the UAE leader at ease with his surroundings during his visit.

The footage shows a smiling Sheikh Mohamed happily posing for selfies with crowds delighted to see him in person.

The genial scenes underline an alliance between the countries built up over decades.

In April, Sheikh Mohamed visited Cairo for talks with Mr El Sisi.

The two leaders reviewed bilateral relations in all fields and close co-operation between the two nations on regional issues, the Egyptian presidency said.

“The meeting included an exchange of views on the most pressing regional and international issues. Their discussion reflected mutual understanding on how to handle these issues,” it said.

In February, the Egyptian President travelled to Abu Dhabi, where he was welcomed by Sheikh Mohamed.

Mr El Sisi was in the UAE on a working visit in which he led the Egyptian delegation at the World Government Summit in Dubai.

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What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

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Company%20Profile
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Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

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F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Wallabies

Updated team: 15-Israel Folau, 14-Dane Haylett-Petty, 13-Reece Hodge, 12-Matt Toomua, 11-Marika Koroibete, 10-Kurtley Beale, 9-Will Genia, 8-Pete Samu, 7-Michael Hooper (captain), 6-Lukhan Tui, 5-Adam Coleman, 4-Rory Arnold, 3-Allan Alaalatoa, 2-Tatafu Polota-Nau, 1-Scott Sio.

Replacements: 16-Folau Faingaa, 17-Tom Robertson, 18-Taniela Tupou, 19-Izack Rodda, 20-Ned Hanigan, 21-Joe Powell, 22-Bernard Foley, 23-Jack Maddocks.

Updated: August 05, 2023, 2:41 PM`