MBRF to launch Youth Knowledge Forum tomorrow

DUBAI, The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) announced that the Youth Knowledge Forum will feature several panel discussions and youth circles, as well as a preliminary session for the Arab gathering of young leaders and a session to announce the recipients of the Mohammed bin Rashid Al Maktoum Knowledge Award.

MBRF is organising in collaboration with the United Nations Development Programme (UNDP) under the patronage of H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council. The event will be held in person on December 6 and 7, and then virtually on December 8 and 9, 2022.

Additionally, the forum will also organise a session on Global Knowledge Index and highlight its most notable results, as well as analyse its role in promoting knowledge. Through the forum, MBRF will also emphasise the significance of the partnership with UNDP in fostering knowledge and development in the Arab region and around the world.

The four-day event aims to highlight several knowledge accomplishments worldwide to foster excellence and creativity among the younger generation.

The forum serves as a platform that encourages the younger generation to embrace challenges in order to achieve and increase their aspirations. It seeks to empower youth to be more creative and innovative, as well as actively playing a part in disseminating knowledge around the world.

Additionally, the forum will include a session to honour the winners of the Mohammed bin Rashid Al Maktoum Knowledge Award, which is awarded annually to global figures and institutions who have made significant contributions to the field of knowledge.

UNDP says the Youth Knowledge Forum involves two main pillars crucial to any development journey, knowledge and youth, which are of greater relevance to the UNDP. Through this event, we aim to underline the significance of investing in knowledge to deal with various global challenges and build a brighter future. We believe that the youth is an important component for knowledge-based development and empowering them would aid in the creation of a prosperous future.

Source: Emirates News Agency

Humaid Al Nuaimi hails choosing Ajman as ‘launch point’ for ‘World’s Coolest Winter’ campaign

AJMAN, H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman thanked His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, for choosing the Emirate of Ajman to be the launch point for the new season of the “World’s Coolest Winter” campaign during the UAE Cabinet meeting, which was held in Al Zorah Natural Reserve in Ajman today.

“Launching the new season of the World’s Coolest Winter from Ajman strengthens the emirate’s position as a prestigious tourist destination and its presence as an ideal location for tourism and entertainment events and activities. It also highlights the notable tourist sites in the emirate and enhances awareness of the tourist potential the Emirate of Ajman abounds in,” Sheikh Humaid said.

Sheikh Humaid emphasised that Ajman will make every possible effort to ensure the success of the campaign’s new season, which, he said, is a “continuation of the distinguished past seasons that achieved significant success in increasing the percentage of domestic travel, and underscoring the beauty of the Emirate, thanks to the forward-looking vision of our wise leadership in continuation of the noble efforts made by the Founding Father, late Sheikh Zayed bin Sultan Al Nahyan.

“The UAE has achieved enormous gains in building, developing, and sustaining the tourist sector in accordance with worldwide best practices,” he said, noting that tourism in the UAE is always characterised by a spirit of innovation, openness, hospitality, warmth, and friendliness.

Source: Emirates News Agency

RTA partners with ADNOC, Almutakamela to develop 3 trucks rest stops

DUBAI, Dubai’s Roads and Transport Authority (RTA) has awarded contracts for constructing three all-inclusive Truck Rest Stops in partnership with the private sector.

The first contract was made with Abu Dhabi National Oil Company (ADNOC), and two contracts with Almutakamela Vehicle Testing and Registration.

The contracts provide for the construction of three integrated Truck Rest Stops over a total area of more than 226,000 square metres with a capacity to accommodate about 500 trucks and heavy vehicles.

The three stations will provide an array of services to enhance the safety and wellbeing of drivers. They include residential quarters for drivers, maintenance workshops, restaurants, administrative buildings, prayer rooms, driver training centres, clinics, pharmacies, exchange shops, laundry and other support services for the safety and wellbeing of trucks and heavy vehicle drivers.

The three stations are situated in key areas nearby key roads and logistical cities that witness considerable numbers of trucks every day. International standards will be applied to ensure the safe entry and exit of these stations.

The Trucks Rest Stop undertaken by Almutakamela Vehicle Testing and Registration on the Sheikh Mohammed bin Zayed Road is located near Jebel Ali Free Zone and Al Maktoum International Airport. It spans 100,000 square metres and has a capacity of 200 trucks and heavy vehicles.

The second station, which is undertaken by ADNOC, is situated near Emirates Road, next to the Al Tayy Racetrack. It has an area of 76 thousand square metres and a capacity of 150 vehicles.

The third station, which is also undertaken by Almutakamela, is located nearby the entry to the Dubai Industrial City (DIC) and covers 51,000 square metres and has a capacity of approximately 120 trucks and heavy vehicles.

Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors, RTA, expressed his delight with this partnership with the private sector and the growing engagement of private businesses in infrastructure and services projects.

“The agreement concluded with ADNOC and Almutakamela to build and operate these three rest-stops, aims to enhance the safety and wellbeing of drivers by providing amenities and services they need in daily life. The total area of the three stations is about 226 thousand square metres, and their capacity ranges between 120 and 200 trucks and heavy vehicles each,” he said.

Source: Emirates News Agency

UAE, Japan to sign MoU on establishing joint business council

DUBAI, The Federation of UAE Chambers of Commerce and Industry (FCCI) and Japan External Trade Organisation in Dubai (JETRO Dubai) have agreed on establishing a UAE-Japan business council to promote cooperation and visits between the business communities in both countries.

The formation of the council is aimed at developing joint projects and exchange expertise. The two sides agreed on signing an MoU for setting up the proposed bilateral business council by Q1 2023.

This came during a meeting that brought together Humaid Mohammed bin Salem, Secretary General of FCCI, and Masami Ando, Managing Director of JETRO Dubai, in the presence of officials from both sides.

Bin Salem welcomed Japanese companies to invest in the UAE and take advantage of government incentives, as well as the favourable investment climate and legislation, calling on Emirati and Japanese businesses to explore business opportunities in the two countries and develop active partnerships to boost trade exchange.

Source: Emirates News Agency

OPEC+ keeps oil output unchanged

VIENNA, OPEC+ agreed to keep to its oil output targets unchanged at the 34th Ministerial Meeting that took place by videoconference on Sunday, 4 December 2022.

“In line with the decision of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation at the 33rd OPEC and non-OPEC Ministerial Meeting on 5 October 2022, which was purely driven by market considerations and recognized in retrospect by the market participants to have been the necessary and the right course of action towards stabilizing global oil markets; and adhering to the approach of being proactive and pre-emptive, the Participating Countries reiterated their readiness to meet at any time and take immediate additional measures to address market developments and support the balance of the oil market and its stability if necessary,” read an OPEC statement following the meeting

The participating Countries reaffirmed the decision of the 10th OPEC and non-OPEC Ministerial Meeting on 12 April 2020 and further endorsed in subsequent meetings, including the 19th OPEC and non-OPEC Ministerial Meeting on 18 July 2021 and the 33rd OPEC and non-OPEC Ministerial Meeting on 5 October 2022, including the adjustment of the frequency of the monthly meetings to become every two months for the Joint Ministerial Monitoring Committee (JMMC) and the authority of the JMMC to hold additional meetings, or to request an OPEC and non-OPEC Ministerial Meeting at any time to address market developments if necessary.

They reiterated the critical importance of adhering to full conformity and compensation mechanism taking advantage of the extension approved on the 33rd OPEC and non-OPEC Ministerial Meeting.

The decision comes as oil markets wait to see how a slowing Chinese economy and a G7 price cap on Russian oil would affect demand and supply fundamentals.

Source: Emirates News Agency