Germany and the UAE see that there is a great value in close consultations on foreign and security policy, Annen said. "We also want to deepen our cooperation on trade and investment, in particular on exchanging state-of the-art technologies and enabling small and medium-sized companies to succeed in our respective markets," the minister explained.

Dubai has risen the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking. The city is the only financial centre within the Middle East, Africa and South Asia, MEASA, to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York, Hong Kong and Singapore.

Real economic growth in the UAE, as estimated by Central Bank of the United Arab Emirates, exhibited Y-o-Y growth of 2.2 percent in Q2 -2019, lower than in the previous quarter. The bank expects national economy to grow 2.4 pc in 2019, driven by faster growth in the non-oil sector.

The Mohammed bin Rashid Al Maktoum Solar Park is the world’s largest single-site project to generate renewable energy. It will have a capacity of 5,000 megawatts (MW) by 2030 with investments of AED 50 billion. It is based on the independent power producer (IPP) model. This model contributed to world record prices for solar energy projects. According to a study published by Japan's Nikkei Asian Review, the UAE's interest in renewable energy production has contributed to its global cost reduction. Through its projects, the solar park will accelerate the shift towards adopting and using solar energy.

The alliance protects the interests of its members and their merchant ships when passing through maritime corridors. Its operation area covers the Strait of Hormuz, Bab Al Mandab, the Sea of Oman and the Arabian Gulf.

The E-Fusion Initiative aims at bringing together the French nuclear supply chain and Emirati companies around projects for the UAE Peaceful Nuclear Energy Programe. The initiative is co-headed by the Emirates Nuclear Energy Corporation (ENEC) and the French Nuclear Industry Association (GIFEN).

Al Mazrouei cited the recent visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Indonesia, during which a number of business and investment cooperation agreements in areas of energy and infrastructure worth $10 billion were signed .

Emirates Water and Electricity Company (Ewec) has revealed that construction work on the 2,000MW solar plant in Al Dhafra region is under way, with the photovoltaic (PV) power project expected to be operational in the first quarter of 2022 taking Abu Dhabi’s solar capacity to 3,200MW.

The Emirate of Sharjah is one of the important destinations the Russian Business Council is seeking to penetrate its markets, thanks to the diverse investment opportunity and the encouraging economic and commercial climate.''

With less than two weeks to go until the 24th World Energy Congress, the UAE Organising Committee gave on Wednesday an update on the number of delegates, ministers and exhibitors that will be attending the global event in Abu Dhabi.