Forward-looking vision of wise leadership reflected in UAE’s non-oil foreign trade: Al ZeyoudiADB expects Libyan economy to grow by 7.9 percent.

ABU DHABI: Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stressed that the forward-looking vision of the wise leadership to expand the network of trade and investment partners was significantly reflected in the UAE’s non-oil foreign trade of goods and services, which continued to record unprecedented historical numbers at the end of 2023, exceeding over AED3.5 trillion.

‘This is a genuine milestone for our nation. The expansion of foreign trade is a pillar of the UAE’s economic strategy, a driving force of growth and diversification and a catalyst for sectors that focus on innovation, knowledge, and advanced technology,’ he added.

Dr. Al Zeyoudi hailed these result as ‘particularly notable’, as they came amid a 5 precent decline in global trade in the first half of 2023, and an 8 percent fall in exports in the third quarter.

‘The continuing upward trend in the UAE’s non-oil foreign trade is a clear reflection of the national vision of a dynamic, diversified economy that is open to th
e world,’ he said.

Dr. Al Zeyoudi noted that through the Comprehensive Economic Partnership Agreement (CEPA) programme, the UAE has been purposefully expanding its network of trade partners around the world, securing stronger ties with like-minded nations to enhance market access and deliver new opportunities for exporters, industrialists, investors and entrepreneurs.

‘Our non-oil trade with Trkiye perhaps best illustrates the impact of our CEPAs on our trade relations,” Dr. Al Zeyoudi said, adding that bilateral non-oil trade surged 103.7 percent in 2023, the fastest growing of our top 10 trading partners, and accounting for 5.1 percent of the UAE’s total foreign trade. Notably, during the last five months of 2023, which coincides with the implementation of the CEPA, Trkiye received 60 percent of the UAE non-exports.

In total, the value of non-oil foreign trade with the UAE’s CEPA partners, both those implemented and those nearing conclusion, amounted to more than AED390.5 billion – a growth of 24.5 perce
nt compared to 2022, Dr. Al Zeyoudi added.

The Minister of State for Foreign Trade highlighted the international confidence in the UAE economy, noting that while the UAE’s trade in non-oil goods stood at AED2.574 trillion, a growth of 12.6 percent compared to 2022, trade in services reached AED967 billion, another record – with AED587 billion of that services exports.

“This is an important area of opportunity for the UAE – and one on which we will focus in the years ahead to drive more growth,” he concluded.

Source: Emirates News Agency

The African Development Bank expects the Libyan economy to register growth in the range of 7.9 percent, indicating that the expected growth rate for the North African region is stable at 3.9 percent in 2024.

The bank also expected, in its latest report, that the Algerian economy would grow by 4.2 percent, Tunisia’s by 2.1 percent, Morocco’s by 3.5 percent, and Mauritania’s by 5.2 percent during 2024.

These regional data on growth and inflation are the latest issued by the African Development Bank yesterday, Saturday, as part of its report, which includes a package of recommendations directed to governments, related to treating ongoing inflation and using monetary policies.

The African Development Bank publishes its report every first and fourth trimester of the year, and it is considered a complement to the reference report on economic prospects in Africa.

The report allows political actors, international investors, researchers, and development partners to obtain an updated and reasoned assessment of macr
oeconomic data and medium-term prospects for the continent in light of the transformation of the global economy.

Source: Libyan News Agency

SCMCHA Official meets with Executive Director of Handicap International

The Secretary-General of the Supreme Council for the Administration and Coordination of Humanitarian Affairs and International Cooperation, Ibrahim Al-Hamli, met on Sunday with the Executive Director of the HandiCup International Organization, Manuel Patrouillard.

In the meeting, which was attended by the head of the International Cooperation Department, Faisal Modhesh, and the director of the organization’s office in Yemen, Duncan Pall, the general framework for aspects of coordination in the humanitarian and development fields was discussed, which contributes to improving the conditions of those affected and alleviating their suffering.

The meeting discussed mechanisms for joint cooperation in the humanitarian fields and ways to accelerate the implementation of agreed upon projects and activities in a way that alleviates the severity of the humanitarian situation in Yemen.

The Secretary-General stressed the importance of continuous coordination to overcome any difficulties that may arise in the field and
to enhance the positive role of the work of UN and international organizations.

He pointed out the importance of making more efforts by organizations working in Yemen to implement development projects that contribute to alleviating the human suffering that the Yemeni people are experiencing as a result of the aggression and siege.

He stressed the necessity of adhering to the controls of humanitarian work, national laws, and respecting the customs and culture of the Yemeni people, which would facilitate work and move towards achieving humanitarian goals. He reiterated the Council’s readiness to provide facilities to humanitarian organizations operating in Yemen to enable them to carry out their humanitarian, development and relief tasks and activities.

For his part, Manuel Patrouillard appreciated the efforts made by the Council to facilitate the work of the organizations, stressing full concern for the continuity of work in order to achieve common humanitarian goals that meet the actual needs of the benefi

The meeting was attended by the Director General of UN and International Organizations, Turki Jamil.

Source: Yemen News Agency

Fayez conveys King’s cable to Kuwait Emir of ‘strong ties’

Amman: Senate President Faisal Fayez Sunday conveyed in Kuwait a cable from His Majesty King Abdullah to the Emir of Kuwait, Sheikh Mishal Al Sabah, regarding the two countries’ “strong ties” and the King’s keenness to further them.

According to a Senate statement, His Majesty appreciated Sheikh Al Sabah’s support for Jordan, stressing keenness to continue coordination and consultation on various Arab and regional issues to strengthen Arab and Islamic solidarity and counter regional challenges.

In turn, Sheikh Al Sabah discussed the strength of the ties between the two countries and their agreement on views on various issues of common interest, especially the Palestinian issue.

Sheikh Al Sabah praised the King for his efforts to stop the Israeli war on Gaza and to mobilise international efforts to find a political horizon that leads to a just and comprehensive solution to the Palestinian issue and the establishment of a Palestinian state on the June 4, 1967 borders.

He lauded the King for his efforts to a
llow humanitarian aid into besieged Gaza.

Source: Jordan News Agency

Kuwait’s Prime Minister receives Senate President

Amman: The Prime Minister of Kuwait, Sheikh Muhammad Al Sabah, received Sunday in Kuwait Senate President Faisal Fayez and discussed strengthening ties.

According to a Senate statement, the discussions focused on regional developments, especially the Israeli war on Gaza and escalation in the occupied West Bank.

Fayez and Al Sabah discussed furthering cooperation in the economic, political, cultural and development areas.

The Kuwaiti Prime Minister lauded the “close” ties between the two countries, noting Kuwait’s keenness to support Jordan and enhance cooperation.

In turn, Fayez praised Kuwait for its support for Jordan and its keenness to strengthen cooperation, noting the “importance” of bolstering cooperation and coordination to stop the Israeli war against Palestinians in the besieged enclave and empower the Palestinian people.

Source: Jordan News Agency

GTD new building construction agreement signed

Amman: The Government Tenders Department (GTD) signed an agreement with the awarded company to prepare studies, designs, and tender documents for the construction of the GTD new building.

GTD Director General Mahmoud Khlaifat said that the new building will improve the department’s quality of services provided to all government units, entities, partners, and service recipients.

“The new building will be the first entirely green government building, meeting all green building requirements in terms of energy efficiency, natural lighting, and waste management. The Jordanian Green Building Guide (mandatory and obligatory requirements) will be used to fulfill maintenance and operation requirements,” Khlaifat said Sunday in a statement

He explained that the signing of the agreement aligns with the GTD’s approach, as it has recently launched a project to promote Environmentally Preferable Purchasing (EPP) in Jordan.

Khlaifat commended Minister of Public Works Maher Abu Al Sammen for his support of the project, w
hich incorporates elements of creativity and modernity into its designs and is consistent with Jordan’s long history of engineering designs as well as the harmony between Islamic architecture and modernity in architectural facades and interior designs to provide services.

Source: Jordan News Agency

FM chairs Jordan’s delegation to present oral pleading before ICJ

Amman: Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi will chair Jordan’s delegation that will present the Kingdom’s oral pleading before the International Court of Justice (ICJ) in The Hague on Thursday.

The pleadings will be regarding the advisory opinion requested by the United Nations General Assembly from the ICJ by virtue of Resolution No. 247/77 issued on December 30, 2022, concerning “Israeli practices affecting the human rights of the Palestinian people in the occupied Palestinian territories, including East Jerusalem.”

The Jordanian delegation participating alongside Safadi includes Minister of Justice Ahmad Ziyadat and the legal team that the Kingdom contracted for this purpose, the Ministry’s spokesperson, Sufian Qudah, said.

Qudah stated that on July 24, 2023, the Kingdom filed a written pleading before the ICJ in The Hague, reaffirming the Kingdom’s unwavering support for the Palestinians’ right to self-determination and the establishment of an independent
and sovereign state along the lines of June 4, 1967, with occupied Jerusalem as the capital, in accordance with the Arab Initiative and relevant UN resolutions, and on the basis of the two-state solution, which represents the only way to achieve just, lasting, and comprehensive peace, and the need for Israel to respect the historical and legal status quo in Jerusalem and its Islamic and Christian holy sites, for which Jordan bears significant responsibility under its historical Hashemite custodianship.

Qudah clarified that this is not the first time that the Kingdom has pleaded before the ICJ regarding the Palestinian issue and the Israeli occupation. In 2004, the Kingdom pleaded before the ICJ regarding the advisory opinion requested by the UN General Assembly concerning the legal consequences of building the separation wall in the occupied Palestinian territories, including East Jerusalem. The ICJ’s opinion at the time was that the wall was illegal, based on the legal evidence presented by the Kingdom, whi
ch demonstrated the illegality of its construction.

Source: Jordan News Agency