GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

UAE, August 22, 2017: His Excellency Eng. Sultan bin Saeed Al Mansoori, Minister of Economy, recently met with H.E. Barbara Leaf, US Ambassador to the UAE at the Ministry's headquarters in Abu Dhabi. During the meeting, Minister Al Mansoori expressed the UAE's move to increase its efforts towards further reinforcing economic and trade cooperation with the US. The strong economic ties between the two countries are based on solid foundations of friendship and mutual respect. The UAE Minister also took note of achievements coming from mutual interests--driving in continuous growth and potential opportunities for cooperation across various fields of trade and investment.   

The meeting was attended by Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Affairs; Saud Al Nowais, UAE Commercial Counsellor to the US and Khalfan Al Suwaidi, Director, International Center for Patent Registration at the Ministry. Also present at the event was Ambassador Leaf's accompanying delegation.

During the meeting, both parties discussed ways on how to further enhance economic cooperation between the UAE and the US, particularly in how to benefit from mutual development opportunities. 

Minister Al Mansoori revealed that the trade exchange between the two countries has witnessed remarkable growth over the last few years due to strong UAE - US bilateral economic relations. In 2016, total foreign non-oil trade between the two countries amounted to AED 111.1 billion (USD 30.3 billion) --including trade in free zones and reflecting a USD 2.5 billion increase from 2015.

H.E. added that US investments in the UAE are also seeing growth, which has reached USD 7 billion in 2015. Over the same period, the UAE reported the presence of 305 American companies - excluding free zone companies, 676 commercial agencies and 38,290 trademarks. 

H.E. Al Mansoori expressed the UAE's keenness in facilitating more trade activity with the US and encouraged companies and investors to take advantage of the potential investment opportunities offered by the UAE. 

In response, Ambassador Leaf conveyed her country's interest in strengthening cooperation with the UAE. She lauded the UAE's development model along with its economic achievements, which has become key drivers in attracting investments from the US.

The US Ambassador also presented significant opportunities that can help enhance trade and investment exchange with the UAE. She also stressed on the importance of cooperation and coordination and how the two countries can benefit from mutual opportunities while also overcoming any challenges that come their way.  



Posted by : GoDubai Editorial Team
Viewed 4990 times
Posted on : Tuesday, August 22, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Sharjah FDI Forum 2017 Explores the Role of Foreign Direct Investment in the Fourth Industrial Revol...
Next Story : Bentley Announces Finalists in 2017 Be Inspired Awards Program Recognizing BIM Advancements in Infra...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
D1 Milano Launches Exlcusive Limited Edition Collection –The Khaleeji
The Incredible Power of the Mushroom!
Beware of Cheap Beauty Deals: They May End Up Being More Costly
8 Jours Grande Taille - a new avatar on iconic timepiece
GaGà Milano unveils six extra-special watches to celebrate Neymar's genius
Carl F. Bucherer Celebrates Its Anniversary With the Heritage Tourbillon Double ...
Tissot Lady Heart Flower Powermatic 80
Get Ready for The Festive Season with The Body Shop's Enchanted by Nature Gift C...
Sukin's Top Holiday Picks for a Supple-Skin Winter Season
Switch your hair colour safely for the new season with Rahua's Color Full range
Omega Raises Its Warranty On All Watches to 5 Years
Everyday care for your baby's hair with Fifi & Friends!
Bringing you warmth and shine this festive season
Season's Greetings 2018
Twelve Holiday Gifts for the Beauty-Obsessed Woman
The Smile Bar Opens Its First Store in the UAE
Chloé Eyewear's Feminine Appeal Seen Through the Lens of the New “Rosie” Style
Purely Pandora Classics With a Twist
#MKGO Bold: Michael Kors Unveils Bold New Arrivals
Triumphant First Daman Dxb Swimfest at Jumeirah Beach Hotel
New 1948 Seamaster Watches Join the Ranks
Indulge Your Love for Animal Print with M&S
Festive Gifting Guide
Alina Anwar Couture Launches in UAE
Must-have festive Christmas jumpers and tees for the whole family
Parah dedicates its Fall/Winter 2018/19 collection to femininity
Add a festive sparkle to your eyes with Palladio Beauty
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Starbucks announces the return of festive favourites
National Geographic Launches Mars 2 into Orbit with Season 2 Premiering Nov 15 ...
Give an abandoned or neglected cat their forever home at Kittysnip's adoption da...
Land Rover Supports Red Cross Disaster Projects Worldwide
‘Celebrate 2019 Now' with special deals from Al-Futtaim Toyota
The new BMW 8 Series Convertible.
Sprint for a Great Cause at Al Maha
Etihad Airways Launches Model Diary of Xiaowen at China International Import Expo
Tryano Launches Elemis
EDCC organizes largest UAE Pavilion at debut SNSR in Saudi Arabia
Department of Culture and Tourism – Abu Dhabi Organises ‘Herfaty' Programme in A...
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and program...
Unilever MENA calls for collective action as it's revealed that 54% of consumers...
Presenting Katrina Kaif in her hottest desi avatar as Suraiyya in Thugs of Hindostan
The Sharjah Stamp Exhibition celebrates the Year of Zayed
Emirates Steel signs new long-term iron ore pellet supply deal with Vale
Introducing the GUESS Holiday 2018 Collection
Superhero Color Runners Prove We Are All Unstoppable!
Bharat Thakur Artistic Yoga's Flagship Studio opens in Burjuman.
Top five new things to do at Golden Mile Galleria this season
IKEA Promises 25 Years of Quality Guarantee
A new 2019 Toyota Rush grade hits the road