Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, travelled to Cairo on Saturday for an official visit.
Sheikh Mohamed was welcomed by Egyptian President Abdel Fattah El Sisi at Cairo International Airport.
He was accompanied by senior figures including Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs and Sheikh Hamdan bin Mohamed bin Zayed.
They attended an iftar hosted by Mr El Sisi at the Heliopolis Palace, followed by talks.
During the meeting, they discussed the latest developments in the global battle against Covid-19 and the two countries' efforts to stem the fallout from the pandemic, state news agency Wam reported.
Sheikh Mohamed conveyed to Mr El Sisi greetings from President Sheikh Khalifa, wishing him continued good health and well-being and more progress and prosperity to the people of Egypt.
The Emirati delegation left Cairo later on Saturday.
Sheikh Mohamed last visited Cairo in December, when he and Mr El Sisi discussed the Nile dam being built by Ethiopia, which is a source of concern for Egypt and Sudan, among other issues.
In 2019, Egypt was the UAE’s sixth-biggest trading partner in the region, while the Emirates was Egypt’s second-biggest.
Non-oil trade between the countries reached Dh20.1 billion ($5.47bn) in 2019, the UAE Ministry of Economy says.
The UAE ranks first globally in terms of investments in Egypt, with total foreign direct investment reaching Dh24.3bn from 990 Emirati companies at the end of 2018.
Meanwhile, Egypt ranks 28th globally in terms of foreign direct investment into the UAE, with a total of Dh3.3bn in the same period.
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Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
Mohammed bin Zayed Majlis
