Tag: UAE@50

INDIA&UAE: Two Nations, One Mission

Post author By Newsdesk
Post date 1 December 2021
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India-UAE trade relations go back centuries when the two countries used to engage in barter trade of pearls and dates. Over the years, the relations have deepened immensely encompassing all sectors. The bilateral relations further strengthened in 1971 when the UAE Federation came into place … writes Dr Aman Puri, Consul General of India to the United Arab Emirates

The historical people-to-people contacts between India and the UAE laid the strong foundation for special and friendly relations. The Indian community has been proud residents and very involved with the growth and development of the UAE.

India-UAE trade relations go back centuries when the two countries used to engage in barter trade of pearls and dates. Over the years, the relations have deepened immensely encompassing all sectors. The bilateral relations further strengthened in 1971 when the UAE Federation came into place. On December 2 this year, as the UAE celebrates its Golden Jubilee since its historic unification, India is equally looking forward to the occasion.

India is UAE’s second largest trading partner, and the total volume of trade was estimated at USD 59 billion in 2019-20. Given the global impact of the unprecedented COVID-19 pandemic, the trade between the two countries had reduced to USD 43 billion in 2020-21. Despite the challenges, India and the UAE are working together relentlessly to ensure long-term growth in the coming years.

Asian Lite Special Edition to mark UAE@50 3

The UAE has been an important supporter of India for over five decades and continues to be an integral strategic partner. India’s major exports to the UAE include polished diamonds and jewellery, petroleum products, food items, textiles, engineering and machinery products, and chemicals. Since UAE has a strong positioning as a leading oil & gas destination, India’s top imports from the UAE include petroleum and petroleum products, natural gas, metals, gems and precious metals, chemicals, plastics, transport equipment etc. As of 2019-2020, India has imported USD 10.9 billion worth of crude oil from the UAE.

During Prime Minister Narendra Modi’s visit to the UAE in 2015, both countries agreed to set up India-UAE Infrastructure fund with an aim to reach US $ 75 billion investments into India’s infrastructure sector and since then, significant investments from UAE have been made in the last few years.

To strengthen the trade ties, India has commenced negotiations with the UAE to conclude a Comprehensive Economic Partnership Agreement (CEPA) which will help in leveraging the complementarities in trade between the two countries and see a quantum jump in the bilateral merchandise trade as well. The CEPA will also create new jobs, raise living standards, and provide wider social and economic opportunities in the two countries. Both India and UAE are optimistic to deepen the trade ties despite the inherent challenges. As the two nations recover from the repercussions of the pandemic, the bilateral trade is gradually seeing signs of picking up and is expected to reach pre-covid levels soon.

With the grand opening of the Expo 2020 in Dubai on October 1, the UAE has become the first country in the Middle East, Africa and South Asia to host a World Expo in the 170-year history of the mega-events, which is also the biggest event to be held in the Arab World. The Expo 2020 Dubai has been a catalyst to ensure the collaboration between India and the UAE continues to grow and strengthens further. The synergies, shared vision and complementary strengths of India and the UAE present a rare opportunity to contribute to the progress of not only our two countries, but also for the larger region and the world.

To make Expo 2020 Dubai a global success while ensuring the greater good of humanity, the UAE has taken steps that have reformed the way the world looks at the pandemic. The country has successfully established itself as one of the most vaccinated countries in the world. In line with UAE’s mission of combating the pandemic, India has also closely followed suit by administering nearly 1.2 billion vaccine doses with the capability of producing more than five billion COVID-19 vaccines by the end of next year. Both India and the UAE are working towards creating a larger impact for the greater good of the world.

Expo 2020 Dubai is a crucial global platform to showcase India’s state-of-the-art innovations. In line with this mission, India Innovation Hub at Expo 2020 Dubai is an initiative aimed towards featuring unicorns and start-ups working across sectors providing technology-centric sustainable solutions. India created 36 Unicorns in the last one decade, this year it is expected to create another 36, making it the second largest creator of Unicorns in the world for 2021, after the US.

UAE has shared its vision of creating 20 Unicorns in the next 10 years. India and the UAE are natural partners to co-create innovation for India, for UAE and for the world. India-UAE partnership is poised to create together the next generation of Unicorns which would help address global challenges. India-UAE relationship is truly at an inflection point.

The year 2021 has been an important milestone as India is celebrating its 75th year of Independence and the UAE is celebrating its 50th year of its formation. This auspicious year is a stepping stone to an even stronger strategic partnership that will resonate with success in the years to come.

ASIAN LITE: Dubai Special Edition to celebrate UAE@50

Post author By Newsdesk
Post date 1 December 2021
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Asian Lite publishes a special edition to celebrate UAE’s 50th National Day. We are grateful to all patrons who supported us in this venture. THANK YOU and HAPPY NATIONAL DAY

Asian Lite Special Edition to mark UAE@50 1

Tags Asian Lite Special Edition, UAE@50

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Congratulations UAE@50

50 years is not a long phase in the history of any country. But, within 50 years the landscape of UAE has changed tremendously. The country has become a beacon of hope for the entire Middle East … writes Kaliph Anaz

The United Arab Emirates is no more a tiny trade hub in the Arabian coast. Within 50 years, the UAE has become a reckoning force in global trade, tourism, technology and economy. The unity of the seven emirates and the wise leadership put UAE into the high table of global affairs. On December 2, 2021, the country celebrates its milestone golden jubilee, marking 50 years since the UAE were formally united on the same day in 1971.

To mark the monumental day, UAE President Sheikh Khalifa bin Zayed Al Nahyan has declared 2021 ‘Year of the 50th’.

Leaders pay tribute at the Martyr’s Memorial

“Year of the 50th’ is an opportunity to contemplate the achievements made over 50 years at a time we are gearing up for the next journey,” said President HH Sheikh Khalifa. “We are living in a rapidly changing world. Amid this change, there are opportunities up for grabs to drive innovation and creativity. Therefore, we’ll have to double efforts to generate novel ideas, and quality initiatives to preserve our heritage and values and protect the cultural diversity of our society. As such, these initiatives should contribute to creating a better tomorrow with a brighter future for our nation.”

50 years is not a long phase in the history of any country. But, within 50 years the landscape of UAE has changed tremendously. The country has become a beacon of hope for the entire Middle East. Expo 2020, the Hope Mission to Mars, the Abraham Accords, Madar, the world’s first sustainable city, world-class nuclear reactors at Barakah … the list of achievements UAE gained within five decades of existence is finest example for others to emulate.

The UAE leadership’s dedication to the communities and their commitment to deliver good governance created a modern country where citizens from 200 plus countries living peacefully. The expansion of the economy is the major achievement. Despite the Covid onslaught, the country is still attaining its targets. While the growth estimate for this year is slightly lower than the 2.4 per cent projected in June, the Arab world’s second-largest economy is set grow at the much faster rate of 4.2 per cent in 2022, higher than an earlier 3.8 per cent forecast.

The central bank maintained its real non-oil growth – adjusted for inflation – at 3.8 per cent for 2021. It is expected to improve slightly to 3.9 per cent next year.

The faster pace of growth anticipated next year is the result of the continued increase in public spending, banks’ credit outlook, higher employment and better business sentiment, as Dubai World Expo will continue to take place in Q1 2022. Being a major tourism, transit and trade hub in the region, the UAE is also expected to benefit from the opening of travel restrictions and events such the Fifa World Cup.”

The Emirates has introduced economic stimulus worth Dh388 billion ($105.72bn) since the pandemic tipped the world economy into its worst recession since the 1930s. These packages include the central bank’s Dh50bn Targeted Economic Support Scheme (Tess) to boost liquidity in the financial and banking sector, parts of which have been extended to June 2022.

The Golden Jubilee of the country will open a new chapter for the UAE to embark on its vision derived by its wise leadership.

“The United Arab Emirates owes a great debt of gratitude to the perseverance, wisdom, and forward vision of its founding fathers, who in those early days invested all their efforts and took careful stock of their resources in order to chart the path that has shaped our great nation,” said HH Sheikh Mohammed Bin Rashid Al Maktoum. “In this quest they rose to the challenge of building a modern and progressive nation, in order that the Emirati people may share in the fruits of their common development. The UAE can count many impressive accomplishments since its inception, and now stands among the most advanced nations in the world. Emiratis have reaped many benefits from this remarkable pace of development while also preserving the fabric of their society, the essence of their way of life and the strength of their culture.”

The UAE is on track to achieve its next set of goals. Congratulations and Happy National Day greetings to all readers of Asian Lite

Tags national day, UAE@50

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Titan’s Tribute To UAE@50

Post author By Newsdesk
Post date 11 November 2021
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Titan’s Tribute To UAE@50

Titan Announces Limited Edition Titan EDGE Unisex Watch to Commemorate 50^th National Day of the United Arab Emirates … reports Asian Lite News

World’s fifth largest watchmaker Titan pays tribute to the UAE which celebrates 50th national formation day in December.
Titan unveiled Titan EDGE Unisex Watch at a glittering ceremony in

Dubai in the presence of Consul General of India Dr Aman Puri.
“Titan Watches is an Indian brand synonymous with good taste, quality and precision, all attributes that are highly regarded in the UAE,” said Consul General Dr. Aman Puri. “I am delighted to be here to launch this limited edition Titan watch to commemorate an occasion as significant as the UAE’s 50th National Day and celebrate the strong India UAE ties.”
With the Spirit of the Union woven into a legacy timepiece that celebrates Titan’s timeless craftsmanship and elegant design, the specially curated National Day watch honors the history of the UAE and the significance of the region for the Titan brand.

Titan’s Tribute To UAE@50

Inspired by regional architecture, with a sapphire crystal glass cover, an understated fine, sunray dial ring and minaret-like hands, the watch also incorporates UAE Flag colours and has a falcon, the national bird, engraved on the back. The watch is presented in a premium, classy and elegant midnight-blue box, making it a perfect souvenir for both residents and tourists.

“In just 50 years, the UAE has cemented its reputation as the land of opportunity and for more than 25 of those years, Titan Watches has been proud to be a part of this success story. From enhancing our omni-channel experience to expanding our footprint to include 10 standalone stores in 12 months, our growth has been buoyed by the UAE’s resilient spirit and can-do attitude. This watch is a small token of our appreciation and celebrates 50 years of innovation and accomplishment,” said Kuruvilla Markose, CEO-International Business Division, Titan Company Limited.
He also stated that only 300 National Day watches have been produced and would be offered in-store at prominent retailers beginning November 16th. They can also be reserved right now at rivolishop.com.

Titan’s Tribute To UAE@50

Established in 1984, Titan Company Ltd. is a USD 2.8 billion (2019-20) listed company, manufacturing more than 15 million watches every year, with a customer base of over 200 million in 32 countries across 11,000 points of sale. Titan is also the recipient of the prestigious red dot design award for Titan Edge- the slimmest watch in the universe.

Tags TITAN, UAE@50