Officials from the UAE and UN Industrial Development Organisation have met online to discuss ways to strengthen industrial collaboration.
They looked at ways to boost co-operation and optimise Unido's competitive industrial performance (CIP) index, the Ministry of Industry and Advanced Technology said on Wednesday.
The index measures countries' ability to produce and export manufactured goods competitively. The UAE is currently ranked first in the region on the CIP index.
During the online meeting, which was attended by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and Gerd Muller, director general of Unido, officials underscored the importance of forming a joint team between the ministry and Unido to help achieve the UN's ninth sustainable development goal, which is to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation, officials said.
Unido is the specialised agency of the UN that promotes industrial development for poverty reduction, inclusive globalisation and environmental sustainability.
The UAE is focusing heavily on its manufacturing and industrial sector as part of its diversification efforts.
Last year, the country launched Operation 300bn, a 10-year plan aimed at increasing the industrial sector's contribution to the country's gross domestic product to Dh300 billion ($81.68bn) in 2031, from Dh133bn in 2021.
The Abu Dhabi government also said last month that it would invest Dh10bn to double the size of its manufacturing sector by 2031.
To support this, it will develop a new circular economy regulatory framework to ensure that industrial growth remains sustainable.
During the Ministry of Industry's meeting with Unido, officials also discussed enhancing competitiveness, exchanging industrial information to serve the global value chain, promoting investment in research and development and supporting diversification of industries using advanced technology.
They also spoke on the formation of a taskforce to enhance co-operation in the build-up to the Cop28 climate summit, which will be held next year in the UAE.
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What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
THE BIO
Occupation: Specialised chief medical laboratory technologist
Age: 78
Favourite destination: Always Al Ain “Dar Al Zain”
Hobbies: his work - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”
Other hobbies: football
Favorite football club: Al Ain Sports Club
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
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Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
ONCE UPON A TIME IN GAZA
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SPECS
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It Was Just an Accident
Director: Jafar Panahi
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