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Leaders Gather to Build a Brighter Future

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  The European Council hosted a major international summit bringing together heads of state. These global events are important chances for dialogue between nations. By opening talks new paths towards cooperation and progress can emerge. At the meeting important issues facing the international community were likely discussed. Leaders no doubt addressed shared concerns like economic stability health security and environmental protection. Through open exchanges of ideas, more effective multilateral solutions may be found.  By building rapport former differences can be overcome. With improved understanding even complex disagreements tend to lessen over time Shared humanitarian goals often matter more to people than political spats do Focusing on agreements fosters goodwill that carries beyond single meetings. Constructive debate inspires creative problem solving. Leaders leave with fresh outlooks and may return home eager to advance joint priorities Regional economics usually benefit as tr
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UAE is a reliable partner for chip security: G42 CEO

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  The United Arab Emirates has demonstrated it can ensure the safety and protection of important computer chips, according to the CEO of leading UAE AI firm G42. Peng Xiao said if advanced chips were to be deployed and used in the UAE, the country has shown it can "guarantee the safety and security" of this sensitive technology.  The US government has been considering limits on chip sales to some regions over national security concerns. However Xiao believes the UAE has proved it is transparent and capable of preventing protected American technology and intellectual property from being misused or falling into the wrong hands.  G42 works closely with the UAE government on artificial intelligence development. Xiao pointed out the country has built strong relationships with the US on this issue. A recent high-level meeting in Washington saw agreements on continued AI cooperation and establishing a formal arrangement between the two governments. Major technology companies like Mi
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Pakistan Pavilion at GITEX Global 2022

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The Pakistan Pavilion was inaugurated at GITEX Global 2022, one of the largest tech exhibitions in the world, being held in Dubai World Trade Centre. Pakistan's Ambassador to UAE Faisal Niaz Tirmizi was the chief guest and inaugurated the pavilion.  The pavilion highlighted the growing IT industry of Pakistan and the opportunities it provides for investors and partners. Different IT companies from Pakistan have set up stalls at the pavilion to showcase their products services and capabilities. Startups are also present to pitch their innovative solutions.  Ambassador Faisal in his speech spoke about Pakistan young population and their potential in the digital economy He said IT exports from Pakistan have shown strong growth and there are plans to further boost this sector. The government is developing several special technology zones to facilitate new investments. Visitors at the Pakistan Pavilion included officials from ministry of IT diplomats and global tech companies. They show
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The UAE Tech Powered Vision

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The Global Tech Expo or Gitex taking place this year in Dubai shows how the UAE is positioning itself as a leader in technology and innovation. This major annual tech conference features the latest innovations. At Gitex 2024 the UAE is displaying its national strategy for artificial intelligence and vision for an AI driven future Technologies like machine learning data analysis and robotics will be emphasized.   The expo highlights different sectors being transformed through new technologies within the UAE like transportation infrastructure healthcare education and more This will improve lives and drive economic growth. The event brings together government organizations businesses startups and investors to showcase projects and collaborate on developing emerging tech further. Partnerships formed will support research. By 2031 the UAE aims to have AI contribute an additional 10% to its GDP and be among the top countries for innovation globally. Gitex accelerates work on this ambitious n
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Abu Dhabi's Ascendance as the Wealthiest City

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  Abu Dhabi has achieved the notable ranking of richest city globally according to a recent evaluation of sovereign wealth funds and aggregate public capital. Led by investment giants ADIA, Mubadala, ADQ and EIA, the total assets under management by Abu Dhabi's sovereign funds amount to $1.7 trillion. This exceeds all other financial centers and firmly cements Abu Dhabi standing as the foremost sovereign wealth capital. In addition to its strong sovereign funds, Abu Dhabi is home to an array of government backed institutional investors that boost its formidable pool of public capital. These incorporate central banks  pension reserves and investment bodies associated with the country's leadership. Taking this complete framework into account Abu Dhabi total accumulated wealth is estimated at $2.3 trillion at present.  Over the decades, the wise rulers of Abu Dhabi have prudently directed its oil dividends into building a diversified knowledge based economy through these investmen
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Strengthening Economic Ties

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  Turkiye and the United Arab Emirates share ambitions to significantly boost their bilateral trade in the coming years. Trade Minister omer Bolat recently hosted a delegation from Dubai to discuss expansion plans. According to official statements the two countries aim to increase their annual trade volume from over $20 billion currently to $40 billion within the next five years. This ambitious target underscores the opportunities both sides see in deepening economic cooperation. The UAE is one of Turkiye most important trading partners in the Gulf region. Bilateral trade has grown rapidly in recent years following improvements in political relations The Comprehensive Economic Partnership Agreement signed in 2021 has helped facilitate trade and investment flows between the two nations. It provides benefits such as reduced tariffs and easier customs procedures. This free trade deal forms the basis to take commercial ties to even higher levels.   Top sectors for cooperation include energ
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Malaysia and UAE Pursue Stronger Economic Bonds

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  Malaysia and the UAE concluded negotiations for a comprehensive economic partnership agreement, or CEPA, aimed at boosting trade between the partners. The CEPA will progressively eliminate tariffs and lower other barriers to facilitate two-way commerce and private sector linkages. It reflects the countries' commitment to deepening economic ties and opening new investment opportunities.   The CEPA is timely as it serves as Malaysia's first such deal with a Gulf Cooperation Council member. It allows key Malaysian exports preferential access to the UAE's re-export market, making the nation a hub into other regions. The UAE likewise views Malaysia as a gateway into the expansive ASEAN economic bloc. Two-way trade exceeded $4.9 billion in 2023 and continues rising. Minister Tengku Zafrul hailed the CEPA’s potential to enhance exports and attract foreign investment into high-growth industries. The UAE remains Malaysia’s second largest Arab trade partner and an important presenc
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