Egyptian president to visit UAE



Egyptian president Abdel Fattah El Sisi is to visit the UAE this week at the start of a three-nation trip.

Mr El Sisi will start his visit on Tuesday in Abu Dhabi, then continue to India and Bahrain.

Alaa Youssef, spokesman for the Egyptian presidency, said Mr El Sisi will hold talks with UAE officials during his visit, according to the state news agency, Wam.

‘’Talks in Abu Dhabi will centre on ways of further strengthening the distinguished bilateral ties in a way that bolsters existing strategic cooperation in light of regional challenges the region is experiencing and which requires prompt measures to confront risks threatening Arab national security, particularly amidst spreading terrorism and extremist ideology,’’ he said.

From Abu Dhabi, Mr El Sisi will head to India, where he will attend the third India-Africa Forum Summit and hold talks with his Indian counterpart, Pranab Mukherjee, and Indian prime minister Narendra Modi.

Afterwards, Mr El Sisi will travel to Bahrain to discuss regional challenges and terrorism with King Hamad bin Isa Al Khalifa.

newsdesk@thenational.ae

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.