Categories
-Top News Asia News UAE News

UAE suspends visas to Pak, 12 other countries

The source did not say what those concerns are but said the visa ban is expected to last for a short period…reports Asian Lite News

The United Arab Emirates (UAE) has stopped issuing new visas to citizens of 13 mostly Muslim-majority countries, including Pakistan, Afghanistan, Iran, Turkey, Syria and Somalia, among others.

An immigration document said that applications for new employment and visit visas have been suspended until further notice for nationals outside the UAE from countries including Afghanistan, Libya and Yemen.

The visa ban also applies to citizens of Algeria, Kenya, Iraq, Lebanon, Pakistan and Tunisia, the document said. It is not clear if there are any exceptions to the ban, Al Jazeera reported.

The report said that a source briefed on the matter said the UAE has temporarily stopped issuing new visas to Afghans, Pakistanis, and citizens of several other countries over security concerns.

The source did not say what those concerns are but said the visa ban is expected to last for a short period.

Last week, Pakistan’s foreign ministry had said that the UAE had stopped processing new visas for its citizens and those from some other countries.

Islamabad said it is seeking information from the UAE on the reason for the suspension but that it thought it is related to the coronavirus pandemic.

Also read:UAE implements major corporate law rejig

Categories
-Top News Asia News UAE News

SCCI, China to boost economic and investment ties

The MoU was inked by Abdullah Sultan Al Owais, Chairman of the SCCI, and Li Aishung, Vice President of the China Council for the Promotion of International Trade in Shanxi Province, in the presence of Mohammed Ahmed Amin Al Awadi, Director-General of SCCI, and senior officials from both sides….reports Asian LIte News

The Sharjah Chamber of Commerce and Industry, SCCI, has signed a Memorandum of Understanding with the China Council for the Promotion of International Trade in Shanxi Province, as part of the SCCI’s participation in the Shanxi-Middle East Economy and Trade Cooperation Conference, which was held virtually on Monday with the participation of economic organisations and institutions from the UAE and the region.

The agreement stipulates the establishment of a partnership between the two sides and the strengthening of economic cooperation in various fields that serve the common interests to achieve the development goals of the two sides. According to the MoU, the two sides are also committed to exchanging experiences and knowledge, organising forums, seminars, specialised meetings, and professional training, and exchanging information on best practices in the interests of the business community of both friendly countries.

The MoU was inked by Abdullah Sultan Al Owais, Chairman of the SCCI, and Li Aishung, Vice President of the China Council for the Promotion of International Trade in Shanxi Province, in the presence of Mohammed Ahmed Amin Al Awadi, Director-General of SCCI, and senior officials from both sides.

“The MoU is a step in the right direction towards prosperous economic partnerships, as part of Sharjah’s keenness to strengthen its diverse relationships at the global level to serve the local business community,” said Al Owais, adding the emirate is always looking to provide all necessary facilities that help attract foreign investment and enhance the competitiveness of companies operating in foreign markets.

The SCCI Chairman commended the SCCI’s bilateral relations with Shanxi Province and the mutual visits between the two sides, the last of which was the visit of a high-level business delegation of 18 businessmen, stressing that the agreement marks the outcome of the comprehensive strategic partnership and bilateral cooperation between the two friendly countries and new prospects for joint action in various sectors.

Li Aishung expressed happiness at the cooperation with the Sharjah Chamber, underlining the fact that the MoU will help strengthen existing ties and establish a new phase of cooperation and trade exchange with Sharjah which was and still has the same attractiveness to Chinese investments in all domains.

He stressed that the economic and trade relations between China and the UAE are witnessing a remarkable development, especially that China attaches special importance to investment in the emirate of Sharjah.

Also read:UAE, UK join hands to boost trade ties

Categories
-Top News UAE News UK News

UAE, UK join hands to boost trade ties

The agreement, which was signed by Massimo Falcioni, CEO of ECI, and Louis Taylor, CEO of UKEF, aims to provide a robust turnkey platform, which the two parties can utilise to draw new business opportunities and identify areas for future collaboration to foster a greater trade alliance between the UAE and the UK…reports Asian Lite News

Etihad Credit Insurance, ECI, the UK Export Finance, UKEF, have announced the signing of a reinsurance agreement to enhance the competitiveness, scale and scope of both countries’ export industry through strategic partnership and cooperation.

The agreement, which was signed by Massimo Falcioni, CEO of ECI, and Louis Taylor, CEO of UKEF, aims to provide a robust turnkey platform, which the two parties can utilise to draw new business opportunities and identify areas for future collaboration to foster a greater trade alliance between the UAE and the UK.

ECI and UKEF entered into this agreement to work towards pursuing strategic collaboration in areas such as exploration of mutual opportunities for insurance, reinsurance, co-insurance services for export of goods in a third country; investments and services to assist and support insured exporters; facilitation of access for SMEs; mutual exchange of good practices; organisation of joint events; and identification of specific solutions in the export insurance field, amongst others.

The export communities in both countries stand to gain from this partnership, as it aims to provide ease of access to a range of export credit, as well as financing and investment insurance products.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Deputy Chairman of the Board of Directors of ECI, highlighted the significance of this solid agreement on the UAE’s export industry, saying, “The UAE and the UK have always had strong trade relations over the years, and this agreement reflects the keenness of both nations to enhance the competitive advantage of our respective business sector in the international market. We are pleased to enter this partnership with UKEF, with our strong confidence that this will further help ECI propel UAE businesses towards greater heights. This alliance will prove instrumental in advancing the UAE’s national economic non-oil diversification programmes, in line with the vision of our wise leaders.”

UK Minister for Exports, Graham Stuart, said, “This partnership is a boost to our trading relationship and to businesses in both countries. The UAE is diversifying its exports away from oil and gas into renewable energy and its goals to reduce its dependency on fossil fuels align with our own. As the world’s fifth largest exporter, we are determined to help businesses across the UK access the finance they need to take advantage of new opportunities uncovered by UKEF across the world.”

Also read:Israel ratifies visa exemption deal with UAE

Categories
-Top News Abu Dhabi UAE News

Abu Dhabi discovers 22bn barrels of crude oil

The UAE has the sixth-largest crude oil reserve in the world, from 4.2 million barrels in the early 1980s to about 98 billion barrels at present…reports Asian Lite News

An estimated 22 billion barrels of non-conventional and recoverable crude oil was recently discovered in Abu Dhabi, the capital of the United Arab Emirates (UAE), it was announced.

In the announcement on Sunday, Abu Dhabi’s Supreme Petroleum Council (SPC) said that the latest major onshore discovery could increase the country’s conventional oil reserves by 2 billion barrels, the official WAM news agency reported.

The SPC also approved on the same day to increase the capital investment in Abu Dhabi National Oil Company to 448 billion dirhams ($122 billion) from 2021 to 2025, reports Xinhua news agency.

The move is expected to re-inject 160 billion dirhams ($43 billion) into the local economy.

The UAE has the sixth-largest crude oil reserve in the world, from 4.2 million barrels in the early 1980s to about 98 billion barrels at present.

Among the seven emirates comprising the UAE, Abu Dhabi has most of the oil with 92 billion barrels while Dubai has 4 billion barrels and Sharjah has 1.5 billion barrels.

Also read:Israel ratifies visa exemption deal with UAE

Categories
-Top News Asia News UAE News

Israel ratifies visa exemption deal with UAE

The deal comes as Israel and the UAE are working to warm up their ties after signing a US-brokered deal on September 15 to normalize relations…reports Asian Lite News

The Israeli cabinet has ratified a mutual visa exemption deal with the United Arab Emirates (UAE), the Jewish state’s first such move with an Arab country.

“We have approved a visa exemption agreement between Israel and the United Arab Emirates,” Xinhua news agency quoted Prime Minister Benjamin Netanyahu as saying in a tweet on Sunday.

The deal bolsters economic ties and reciprocal tourism between the two countries, according to Netanyahu.

“This is the first Arab country with which we have signed such an agreement. Of course, this will develop and strengthen ties between the countries as well as economic links.

“I believe that every citizen of Israel, the entire world, sees the great change that we are bringing to our region in every field,” The Times of Israel quoted the Prime Minister as saying to reporters also on Sunday



The deal comes as Israel and the UAE are working to warm up their ties after signing a US-brokered deal on September 15 to normalize relations.

Sunday’s development came after Ministers voted unanimously to approve the treaty, which was signed in Tel Aviv last month.

The UAE government reportedly ratified the agreement on November 1, which means that it will enter into force in 30 days.

The UAE-Israel visa exemption agreement will mean that citizens will be allowed to enter each other’s countries without having to go through the hassle of applying for a visa first.

It is the first such arrangement between the Jewish state and an Arab country.

Even Israel’s closest ally, the US, has so far refused to sign a visa exemption agreement with the Jewish state.

Also read:UAE, Indonesia ink AEO Action Plan

Categories
-Top News Asia News UAE News

UAE, Indonesia ink AEO Action Plan

On UAE side, Suoud Salem AlAqroobi, Director of International Relations, Federal Customs Authority, FCA, signed the action plan with R. Syarif Hidayet, Director of International and Public Affairs Department, Indonesian Customs on the Indonesian side…reports Asian Lite News

Via teleconference, the United Arab Emirates and the Republic of Indonesia signed an Action Plan for a mutual recognition arrangement on the Authorised Economic Operator Program, AEO, in a step to facilitate inter-countries trade, effective and swift implementation of program mutual recognition agreement under the umbrella of the agreement on cooperation and assistance in customs affairs executed by both countries on 24 July 2019.

On UAE side, Suoud Salem AlAqroobi, Director of International Relations, Federal Customs Authority, FCA, signed the action plan with R. Syarif Hidayet, Director of International and Public Affairs Department, Indonesian Customs on the Indonesian side.

Companies registered under the AEO program in UAE counted 81 companies while efforts are exerted to sign AEO mutual recognition agreements with South Korea, KSA and China, and India is underway to execute the agreement. Such agreements cover 29.8% of State aggregate non-oil trade globally.

Ahmad Abdullah Bin Lahej Alfalasi, Director General of FCA, said that UAE is keen to bolster economic and trade relations with the Republic of Indonesia, and leverage such relations to highest levels based on the historical ties between both the country since the establishment of the federation, in addition to the soaring magnitude of trade exchange and economic cooperation between the countries.

He highlighted that the action plan with the Republic of Indonesia represents a milestone on customs relations between the two countries while the plan serves as an essential step to implement AEO program mutual recognition, which will positively affect inter-countries trade movement in addition to securing numerous advantages to authorised companies under the program in both countries.

Also read:UAE builds mosque named after Indonesian President

Categories
-Top News Arab News UAE News

UAE lauds Saudi Arabia ahead of G20 summit

Saudi Arabia assumed the G20 presidency in December last year, but as the Covid-19 pandemic crippled the world economies and health systems, it was decided to hold the summit on a virtual platform…reports Asian Lite News

The UAE’s Minister of State for Foreign Affairs, Anwar Gargash, has praised Saudi Arabia ahead of the G20 summit which will be hosted in the Kingdom over the next two days.Arab News Reports

In a tweet posted on Friday, Gargash said Saudi Arabia’s hosting of the summit “confirms the central role of Riyadh in the region.”

And he added that it had “always been linked to stability, prosperity and concern for the Gulf, Arab and Islamic interests.”

The minister’s tweet finished adding “and from the UAE all sincere wishes for the success of the Riyadh summit for the sake of the world and humanity.”

Saudi Arabia is gearing up to host the upcoming two-day virtual summit of G20 leaders, an international forum for the governments and central bank governors, from 19 countries and the European Union (EU) from November 21.

In 2021, Italy will host the G20 Summit and in 2022 India will host the summit, when the country celebrates its 75th year of Independence.

Saudi Arabia assumed the G20 presidency in December last year, but as the Covid-19 pandemic crippled the world economies and health systems, it was decided to hold the summit on a virtual platform.

In December 2019, Saudi Arabia had unveiled an ambitious theme for its G20 presidency, namely ‘Realising Opportunities of the 21st Century for All’.

The three pillars of the theme included empowering people, safeguarding the planet and shaping new frontiers.

The Saudi Arabia G20 presidency has been driving harmonious efforts to address social and economic inequalities between men and women with the aim of ‘Realising Opportunities of the 21st Century for All’.

Also read:Greek PM visits largest mosque in UAE

Categories
-Top News UAE News

Sharjah, Belgrade discuss ties in education and culture

Sheikh Fahim stressed on the historical ties between UAE and Serbia, which was marked most recently with the signing of several Memorandums of Understanding, MoUs, last year to establish bilateral cooperation…reports Asian Lite News

Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations, DGR, in Sharjah, received Stanimir Vukicevic, Ambassador of the Republic of Serbia to the UAE, to discuss the strengthening of cooperation and bilateral efforts in vital sectors, including culture and higher education.

During the meeting held in the DGR headquarters, also attended by the DGR Sharjah Director, Sheikh Majid Al Qasimi, the two parties explored the possibility of promoting Emirati – Serbian dialogue by organising joint cultural events. Additionally, a proposal for an official delegation visit by Sharjah’s entities and businesspersons to the Republic of Serbia to look into partnerships in vital sectors was discussed.

Sheikh Fahim stressed on the historical ties between UAE and Serbia, which was marked most recently with the signing of several Memorandums of Understanding, MoUs, last year to establish bilateral cooperation in the sectors of food and agriculture, renewable energy and real estate, among others.

Sheikh Fahim noted that the meeting with the Serbian Ambassador was aimed at facilitating the implementation of the agreements to guide Serbian investors in leveraging the emirate’s strategic location and position as a lucrative business destination.

“We have discussed the possibility of organising cultural events to highlight the heritage and cultural values of both Emirati and Serbian peoples to each other. The feasibility of implementing educational and academic programmes and scholarships to promote cross-cultural communication and share expertise was also examined,” Sheikh Fahim added.

Vukićević commended Sharjah’s leading economic diversification efforts, highlighting that the emirate’s commitment to offering foreign investors, business and SMEs a thriving environment to grow in the Middle East markets, has for several years, encouraged Serbians to establish operations in various vital sectors in Sharjah.

He further noted that the emirate was a role model for cities promoting knowledge and culture, adding that the mutual respect and shared cultural vision of the people of Sharjah and Serbian communities will serve as a solid foundation for future cooperation across social and economic fields.

Also read:UAE extends grace period for visa violators

Categories
Arab News UAE News

EL AL, Etihad Airways to deepen cooperation

EL AL Israel Airlines, the national airline of Israel, and Etihad Airways, the national airline of the UAE, are set to explore deeper cooperation following the signing of a virtual Memorandum of Understanding, MoU.

The wide-ranging MoU covers scope to introduce joint codeshare services between Abu Dhabi and Tel Aviv, as well as on the global flight networks beyond the two carriers’ hubs, Etihad Airways said in a statement on Thursday.

The agreement also contains plans for greater commercial cooperation in the fields of cargo, engineering, loyalty, destination management and the optimal use of pilot and cabin crew training facilities.

The MoU was signed virtually by Tony Douglas, Group Chief Executive Officer of Etihad Aviation Group, and Gonen Usishkin, Chief Executive Officer of EL AL Israel Airlines.

Commenting on the MoU, Douglas said, “Following EL AL’s historic flight to Abu Dhabi, the first ever flight between Israel and the UAE, this MoU is the foundation of what we envision will be a strong ongoing relationship between Abu Dhabi and Tel Aviv. We look forward to examining ways in which the two flag carriers – Etihad and EL AL – can work more closely together to improve business operations and enhance the experience for our guests.”

In turn, Usishkin stated, “Following the normalisation of diplomatic relations between Israel and the UAE, we have been provided a great opportunity to examine the possibility of cooperation with Etihad Airways. This MoU is only the start and we believe that together, the two flag carriers will be able to provide our mutual customers with the best possible product and service. Already, the common goals we have outlined speak for the success of our future cooperation.”

In addition to codeshare operations, the teams at Etihad Guest and EL AL Matmid loyalty programmes will explore reciprocal earn and burn opportunities for its members, as well as other benefits. The airlines’ destination management teams will also collaborate to encourage reciprocal inbound tourism to Abu Dhabi and Tel Aviv.

Both carriers’ engineering and cargo divisions are also set to begin talks about greater cooperation. These discussions would look at optimising MRO (maintenance repair and overhaul) opportunities, as well as ways to increase volumes of freighter traffic flowing into and out of Abu Dhabi and Tel Aviv, and across the carriers’ combined networks.

Etihad Airways announced its intention this week to commence daily services between Abu Dhabi and Tel Aviv from 28th March, 2021.

Also Read: UN hails resumption of Israeli-Palestine coordination

Also Read: Israel, Bahrain to open embassies

Categories
-Top News UAE News

UAE extends grace period for visa violators

The extension is for those who violated the entry and foreigners’ residence law before 1st March, 2020 and will be exempted from all fines, including National ID cards, provided they leave the country….reports Asian Lite News

The Federal Authority for Identity and Citizenship, ICA, has issued a decision to extend the grace period of exemption for “all violators” of the entry and residence of foreigners law until 31st December, 2020.

The extension is for those who violated the entry and foreigners’ residence law before 1st March, 2020 and will be exempted from all fines, including National ID cards, provided they leave the country.

Major General Saeed Rakan Al Rashidi, Director-General of Foreigners Affairs and Ports at ICA, said the grace period extension is to enable violators to adjust their status in the country before the end of the year.

Also read:Greek PM visits largest mosque in UAE