Mansoor bin Mohammed, Bahraini Consul explore opportunities to advance joint sports cooperation

DUBAI, H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council (DSC), met with the Consul General of Bahrain in Dubai and the Northern Regions, Saud Hassan Al-Nisf.

During the meeting, which took place at the Dubai Sports Council, the meeting discussed the continuous efforts to develop the sector in Dubai.

Sheikh Mansoor affirmed the DSC’s keenness to explore and activate more opportunities to advance sports cooperation between the two sides to wider horizons, similar to the continuous growth witnessed by the UAE-Bahraini relations, in a manner that serves to achieve more sporting successes for the two countries, and contribute to the advancement of Gulf sports in general to higher levels of excellence.

Source: Emirates News Agency

Ministry of Energy and Infrastructure, Ministry of Education partner to qualify Emirati to lead UAE’s key sectors

DUBAI, In line with their shared vision to prepare distinguished Emiratis to support different national sectors, the Ministry of Energy and Infrastructure and the Ministry of Education have signed a Memorandum of Understanding (MoU) to cooperate in building local competencies in various key sectors, especially in the maritime sector.

The cooperation includes providing scholarships for Emiratis to pursue in-demand specialisations in higher-education institutions in the UAE and abroad. They will also develop policies to attract Emirati students, develop their capabilities, and prepare them to lead the energy and infrastructure sectors.

The MoU was signed virtually by Hassan Mohammed Juma Al Mansouri, Under-Secretary for Infrastructure and Transport Affairs at the Ministry of Energy and Infrastructure, and Dr. Mohammad Al Mualla, Under-Secretary for Academic Affairs at the Ministry of Education, in the presence of officials from both sides.

Speaking after signing the MoU, Al Mansouri said, “The UAE has a state-of-the-art infrastructure that is at par with a few of the most developed countries across the globe. The UAE is also a leading global maritime hub, ranking fifth globally. The maritime sector’s contribution to the GDP is estimated at AED91 billion annually. As we start the next fifty years in the UAE’s journey, and in line with the vision and directives of the wise leadership to make the UAE the first globally in different economic and human indicators, we work closely with national organisations to prepare qualified Emiratis who will lead the progress of key sectors.”

Al Mansouri added, “Our collaboration with the Ministry of Education is in line with our vision of preparing young Emiratis to fulfil the future needs of the job market according to the highest international standards. We are proud to cooperate with the ministry to oversee the preparation of Emiratis in prominent higher-education institutions in the UAE and abroad as the Ministry of Education has extensive experience in this area.”

Driven by the UAE leadership’s firm belief in the importance of preparing the next generation of leaders, both parties are keen on providing vocational, technical and continuing education to prepare a knowledge society that competes globally across all age groups. They also make sure that the educational outcomes fulfil the needs of all the sectors. Through such a strategic partnership, both parties will work closely to develop national capabilities to achieve common goals and enhance the competitiveness in various sectors, especially in the maritime industry in coordination with partners and accredited higher-education institutions here and abroad.

In addition to supervising scholarships provided by universities, the MoU strengthens the cooperation between the two ministries and achieves fruitful strategic partnerships. This will be realised by developing common key frameworks and coordinating with the competent authorities. The two sides will share experiences and expertise and will exchange studies and research that enhances organisational work to achieve common strategic goals, develop technical services for projects, and coordinate joint areas of work. This will improve performance and operations, streamline procedures and develop the technical and administrative capabilities of the two sides.

Source: Emirates News Agency

Abu Dhabi Life Science Mission to Cement Collaboration with the USA

Headed by HE Abdulla bin Mohammed Al Hamed, Chairman of the Department of Health – Abu Dhabi (DoH), a high-profile Abu Dhabi delegation will be visiting the United States of America this month to explore prospects of joint collaboration within the framework of healthcare at large and life science in specific. The visit is expected to see meetings and groundbreaking agreement signings with leading partners to explore and activate collaborations in life science and real-world evidence, digital health, research and development, supply chain and many other areas.

The visit aims to lay down sustainable mechanisms that empower the healthcare sector in both countries as well as showcase Abu Dhabi’s distinguished healthcare ecosystem.

The delegation will witness the participation of seven key entities representing Abu Dhabi’s healthcare and life science ecosystem including the Department of Health – Abu Dhabi (DoH), Abu Dhabi Investment Office (ADIO), Mubadala Health, G42, Abu Dhabi Ports, ADQ, Etihad Cargo and Pure Health. The Abu Dhabi delegation will participate in the visit which will kick-off in Washington DC with a visit the Children’s National Hospital, home to the Sheikh Zayed Institute for Pediatric Surgical Innovation.

As part of the visit, the delegation will stop in Boston to visit various healthcare and biopharmaceutical facilities to explore potential collaborations with global partners. The visit seeks to bring innovative treatments and breakthrough solutions to the UAE and the MENA region as well as exchange knowledge and experiences across the sector. The visit will conclude in San Diego where the Abu Dhabi delegation will participate in the BIO International Convention from June 13-16, 2022 to showcase the domestic growth and economic development of Abu Dhabi’s biotechnology industry.

Abu Dhabi is also home to renowned healthcare providers such as Cleveland Clinic, Imperial College London, Mayo Clinic and Moorefields Eye Hospital. Moreover, the emirate has been working closely with key players in the biopharmaceutical industry including Pfizer, AstraZeneca, Roche, Novartis, GSK, Sanofi, MSD and Johnson and Johnson among others to boost local and global capabilities related to research and innovation in life science, digital health and supply chain – strengthening its position as a leading destination in healthcare and life sciences.

Commenting on the Mission, HE Abdulla bin Mohammed Al Hamed, Chairman of the Department of Health – Abu Dhabi, said: “More than ever today, the international community understands the importance of cross collaboration and unified efforts across all sectors. While we battled the Covid-19 pandemic, the world came to realize that the only way to overcome a global healthcare crisis is to band together. We witnessed the international community join forces and explore solutions for the health and wellbeing of all. The UAE and Abu Dhabi are strong proponents for unity and tolerance, core values which have been exemplified by our efforts to bolster the healthcare industry at large in recent years.”

In a continuous bid to boost international collaboration across the healthcare sector, the Abu Dhabi delegation is set to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as provide quality care to patients. Abu Dhabi continues to work in unison with global strategic partners to set the stage for a future driven by healthcare technology, innovation and artificial intelligence as part of its transformation strategy that aims to further enhance the quality of the healthcare sector’s outcomes.

He added: “Our Abu Dhabi Delegation looks forward to visiting our long-standing partners in the USA. The UAE and USA have always enjoyed distinguished relations – both countries have always led similar values and worked hand in hand for decades to create a significant economic impact that benefits the global community. Deep cultural ties are at the heart of the UAE’s relationship with the USA and that is translated through the many partnerships we continue develop alongside. We take pride in all that we have achieved together and look forward for more milestones to come.”

Positioning itself as a life science hub, Abu Dhabi demonstrated an outstanding response and achieved remarkable milestones since the onset of the COVID-19 pandemic. The UAE’s capital set an exemplary model in providing the highest quality of care to patients in the Emirate and topped global rankings which reinforced its position as a leading destination for advanced healthcare and an incubator for innovation in the healthcare sector, both regionally and internationally.

Reflecting the outstanding efforts, Abu Dhabi was ranked as the leading city in response to COVID-19 globally, according to the London-based analytics consortium, Deep Knowledge Group (DKG). The Deep Knowledge Group released the report, “Ranking of the Safest Cities during the COVID-19 Pandemic for the Second Quarter of 2021”, which was based on 114 parameters covering key aspects of the COVID-19 response. Additionally, the UAE has been featured consistently among the top three countries globally in the Bloomberg’s COVID-19 Resilience Ranking.

The UAE was also one of the first countries to participate in clinical trials of COVID-19 vaccines, which contributed to accelerating the pace of vaccine development and distribution worldwide. The study witnessed the largest clinical trial on the Chinese Sinopharm vaccine which covered over 32,000 volunteers. Additionally, DoH launched the “Research Registry for COVID-19”, which is a unified platform to support R&D efforts in the fight against COVID-19, facilitating scientific discoveries to tackle the virus.

In addition, Abu Dhabi has locally manufactured over 300,000 COVID-19 RNA extraction solution samples and increased testing capacity to more than 500,000 tests per day. Additionally, the storage capacity for vaccines in Abu Dhabi reached nine billion vaccine doses, and 27 PCR drive-through testing and vaccination centres were established across the emirate.

In February 2021, DoH announced that the emirate is supporting international testing efforts by offering laboratory testing for COVID-19 samples from outside the UAE. This first initiative of its kind in the world reaffirms the Emirate’s regional and international position and demonstrates Abu Dhabi’s world-class healthcare services and facilities.

Under the leadership of DoH, Abu Dhabi established the HOPE Consortium in 2020 which offers one of the most capable and effective vaccine supply chains in the world, distributed and transported more than 260 million vaccines to 60 countries. Recently, Abu Dhabi has strengthened ways of collaboration with Belgium, as a leading global pharmaceutical hub, to establish a global distribution corridor between Abu Dhabi and Brussels, to serve the world in vaccine delivery and future life science needs.

Moreover, as part of Abu Dhabi’s strategy to drive a knowledge-based economy , DoH supports start-ups throughout the different development phases, from ideation to introduction and scaling to international markets. The Department is currently extending support to over 60 licensed start-ups and in communication with over 300 start-up companies worldwide.

In collaboration with Plug and Play, DoH is running a start-up accelerator that targets solutions and start-ups from all over the world. The efforts resulted in great number of new jobs and have raised over $44 million in funds with a total estimated economic impact of over $55 million. Abu Dhabi continues to attract and empower international talents who are looking to work and reside in the UAE. The current healthcare system provides the opportunity for doctors and clinicians from 98 countries to apply and work in the UAE.

Source: Department of Health Abu Dhabi

DUBAI INTERNATIONAL CHAMBER ANNOUNCES PLANS TO OPEN REPRESENTATIVE OFFICE IN ISRAEL

Dubai, UAE – Dubai International Chamber, one of three Chambers operating under Dubai Chambers, has announced plans to open a representative office in Tel Aviv, which will aim to facilitate trade and investment between business communities in Dubai and Israel.

The announcement came during a meeting held recently at the Chamber’s headquarters, attended by H.E. Hamad Buamim, President & CEO of Dubai Chambers, H.E Mrs Orna Barbivay, Israeli Minister of Economy and Industry and H.E. Amir Hayek, Israel’s Ambassador to the UAE; and representatives from the embassy, ministry and Dubai Chambers.

H.E Mrs Orna Barbivay, Israeli Minister of Economy and Industry said:

“Last week, on behalf of the Government of Israel, I signed the CEPA (Comprehensive Economic Partnership Agreement) between Israel and the UAE. In a meeting I conducted later on with HE Hamad Buamim, President and CEO of Dubai Chambers, HE Hamad Buamim announced our mutual goals to bring about rapid promotion of economic cooperation,” and said the UAE-Israel partnership agreement and Dubai International Chamber’s announcement reflects the strong commitment which both countries attach to strengthening economic ties and creating new opportunities for business.

For his part, the Ambassador of Israel to the Emirates, Mr. Amir Hayek describing the singing of the trade agreement as a historic step that opens business opportunities for both of our countries and noted that Dubai International Chamber’s decision to establish a representative office in Israel is a significant step toward promoting cooperation between the two countries and their business communities.

“By expanding our presence into Israel, we will be well positioned to achieve the objectives of the Comprehensive Economic Partnership Agreement signed by the UAE and Israel, build new bridges between the two business communities and boost non-oil trade to reach $10 billion annually within the next five years,” said Buamim.

H.E. Buamim stressed the important role of promoting Dubai as a global gateway for Israeli companies and attracting foreign investment in key sectors of mutual interest such as digital economy, information technology, artificial intelligence, smart services, agricultural and food technologies, and space sciences.

The President & CEO of Dubai Chambers noted that trade will remain economic cooperation between Dubai and Israel, and described Israel as a market of strategi importance to Dubai, adding that it is expected to become one of Dubai’s 10 top trading partners within a few years, especially since the Dubai International Chamber, as part of its strategy, has identified the Israeli market among the 30 priority markets.

He noted that the office will work towards the target of achieving the targets outlined under the Dubai Foreign Trade Plan announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to boost Dubai’s non-oil trade to AED 2 trillion within five years.

The new representative office in Tel Avis will identify business and investment opportunities that offer the most potential for Dubai-based companies, while it will also support Israeli companies with their entry into the Dubai market and help them leverage the emirate to expand their reach into markets across the GCC, Africa and Asia.

The announcement of the Israel office comes after the Dubai International Chamber’s Board of Directors recently approved its new strategy for the next three years, which aims to elevate Dubai’s position as global business hub and preferred market for multinational companies.

Source: Dubai Chamber of Commerce & Industry

DP World, CDPQ announce US$5 billion investment in strategic assets in UAE

DUBAI, DP World and CDPQ, a global investment group, announced today an investment of US$5 billion (CA$6.3 billion) in three of DP World’s flagship UAE assets.

CDPQ will invest US$2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22 percent, with the remainder of the transaction being financed by debt. Other long-term investors will have the opportunity to acquire an additional stake of up to US$3 billion. The transaction implies a total enterprise value of approximately US$23 billion for the three assets.

The Jebel Ali Port, Free Zone and National Industries Park together comprise a best-in-class group of infrastructure with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of over 8,700 companies from around the world, serving more than 3.5 billion people globally. The three assets generated pro-forma 2021 revenue of US$1.9 billion.

– Jebel Ali Port (JAP) A leading international gateway port and the second largest outside of Asia, ideally located to serve the East-West trade corridor through its connectivity to 150 cities globally via 180+ shipping lanes.

– Jebel Ali Free Zone (JAFZ) The largest free zone in the Middle East and one of the largest in the world. It is home to companies from 140 countries, including approximately 150 Fortune 500 enterprises.

– National Industries Park (NIP) A 21 sq. km area designated for manufacturing and processing companies.

The three assets will remain fully consolidated businesses within the DP World Group, and day-to-day operations, customers, service providers and employees will not be affected.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said, “We are delighted to announce the broadening of our partnership with CDPQ. The DP World and CDPQ co-investments have been very successful, thanks to our complementary expertise and long-term investment horizon. We believe this new partnership will enhance our assets and allow us to capture the significant growth potential of the wider region. The transaction also achieves our objective of reducing DP World’s net leverage to below 4x Net Debt to EBITDA and this has been achieved despite the challenges of the pandemic and recent global economic conditions. The significant strengthening of our balance sheet, the continued resilience of our business, diversity in our portfolio and continued focus on supply chain solutions will support our target of achieving a strong investment-grade rating for the Group. Overall, we believe this transaction provides a strong platform for the UAE assets to meet their long-term growth objectives, while the stronger balance sheet supports the Group’s wider end-to-end supply chain solution strategy, which will drive sustainable value for all DP World stakeholders.”

Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ, said, “This investment in Jebel Ali is another great illustration of the partnership between CDPQ and DP World, which now spans four continents and eighteen terminals. Today, we are pleased to deepen our long-standing relationship with a world-class logistics and supply chain operator by investing in this strategic trade infrastructure, one that will play a pivotal role in the evolution of the global economy. DP World is well positioned to provide innovative solutions to their customers worldwide, and we welcome this opportunity to invest in a best-in-class group of infrastructure that provides CDPQ with exposure to new fast-growing markets and trade routes in Africa and South Asia.”

Tranche 1 (US$5 billion) of the transaction is expected to close in the second or third quarter of 2022, and tranche 2 (up to US$3 billion) is expected to close during the fourth quarter of 2022.

Source: Emirates News Agency

Emirates and Airlink officially activate codeshare partnership

DUBAI, Emirates and Airlink have officially activated their codeshare partnership, making it easier for customers to create their ideal itinerary and benefit from seamless connections and a single booking reference across eight domestic South African cities via the airline’s gateways Johannesburg, Cape Town and Durban.

Emirates customers can now book a wide range of additional flights, including eight destinations from Johannesburg, five destinations from Cape Town and one point from Durban. Examples of some new route options include Bloemfontein, Hoedspruit, Port Elizabeth, Kimberley, George, and East London, amongst others.

Emirates currently offers double daily flights to Dubai from Johannesburg, daily flights to Dubai from Cape Town and five weekly flights to and from Durban. The airline is also driving more connectivity options that provide value through a better experience for its customers. With the revival of its South African Airways partnership, as well as its codeshare agreement with Airlink, and interlines with Cemair and FlySafair, the airline has expanded its reach to 79 regional points in southern Africa.

Source: Emirates News Agency