Businessman Gamal Sadat, the son of former Egypt president Anwar Sadat, in Cairo. Nada Al Taher / The National
Businessman Gamal Sadat, the son of former Egypt president Anwar Sadat, in Cairo. Nada Al Taher / The National
Businessman Gamal Sadat, the son of former Egypt president Anwar Sadat, in Cairo. Nada Al Taher / The National
Businessman Gamal Sadat, the son of former Egypt president Anwar Sadat, in Cairo. Nada Al Taher / The National

Anwar Sadat's son says UAE and Egypt 'complement each other'


Nada AlTaher
  • English
  • Arabic

The UAE and Egypt trace their historically strong ties to the era of the late Sheikh Zayed, former Egyptian president Anwar Sadat's son Gamal told The National.

"Fifty years ago, the late Sheikh Zayed began a path, which leaders since then have walked on. The UAE and Egypt complement one another and the security of Egypt is the security of the UAE," Mr Sadat said on the sidelines of a three-day event in the Egyptian capital, Cairo, to celebrate the golden jubilee of ties.

"When Egypt is strong, the UAE is as well. And if Egypt is in a difficult position, the UAE is there to support it."

Mr Sadat also praised the UAE's position, and that of other Arab nations, in backing Egypt during the 1973 war with Israel, which occurred when Anwar Sadat was in power.

Sheikh Zayed with Anwar Sadat on the latter's visit to Abu Dhabi in 1974. Photo: UAE Ministry of Foreign Affairs and International Co-operation
Sheikh Zayed with Anwar Sadat on the latter's visit to Abu Dhabi in 1974. Photo: UAE Ministry of Foreign Affairs and International Co-operation

"If I were to speak to the October war, then we need to also remember the role of all Arab nations back then and the strength they displaced as one. This strength is returning with the current leaders in power," he said.

Mr Sadat said he was "unable to recount" all the notable deeds performed and positions that the UAE had taken towards his country.

"Egypt is a force to be reckoned with and the UAE's strength is different, but important too," he said.

"Both countries are strong together. May God keep this relationship going for another 50 years."

Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, tweeted a video looking back at the deep-rooted relationship.

He said: "Today in Egypt, the UAE celebrates 50 years of fraternal, stable, advanced relations. We also celebrate and mark the beginning of 50 new years, under the leadership of my brother President Abdel Fattah El Sisi and my brother Mohamed bin Zayed, President of the State, may God protect him."

"Egypt and the UAE are one heart," he wrote.

At the event, Ahmed bin Mohamed Aljarwan, president of the Global Council for Tolerance and Peace, said Sheikh Zayed's role was vital in building the infrastructure on which relations between the two countries are based.

"The late Sheikh Zayed worked with previous Egyptian leaders in work that reflects the love and loyalty among the two nations and the economic, political and cultural capabilities that were built since then benefiting future generations in Egypt and the UAE," he said.

After day-long sessions on areas of co-operation between the two nations, Egypt's minister for planning and economic development, Hala Said, talked about their shared vision.

"These historic relations between the two countries continue on with President [Sheikh] Mohamed bin Zayed and Abdel Fattah El Sisi in the congruence of the vision between these two leaderships on all the issues that matter to the region and the world," Ms Said said.

  • Preparations in Sharm El Sheikh, Egypt, are in full swing with two weeks to go until Cop27. All photos: Reuters
    Preparations in Sharm El Sheikh, Egypt, are in full swing with two weeks to go until Cop27. All photos: Reuters
  • Abdel Aziz Ibrahim of Hassan Allam Construction said 2,000 workers have been working 'nearly around the clock' on the 50,000 square metre site.
    Abdel Aziz Ibrahim of Hassan Allam Construction said 2,000 workers have been working 'nearly around the clock' on the 50,000 square metre site.
  • Mr Ibrahim said 99 per cent of the work was complete.
    Mr Ibrahim said 99 per cent of the work was complete.
  • Many of the city's resorts are preparing for a major season, said Ramy Rizkallah of Savoy Sharm El-Sheikh group.
    Many of the city's resorts are preparing for a major season, said Ramy Rizkallah of Savoy Sharm El-Sheikh group.
  • This includes the installation of solar plants, recycling and reducing the use of plastic.
    This includes the installation of solar plants, recycling and reducing the use of plastic.
  • About 90 heads of state have confirmed their attendance at the climate negotiations.
    About 90 heads of state have confirmed their attendance at the climate negotiations.
  • The themes reflect some of Egypt's priorities as it tries to better promote the interests of developing nations.
    The themes reflect some of Egypt's priorities as it tries to better promote the interests of developing nations.

The minister spoke about the "exceptional circumstances" facing the world with the Covid-19 pandemic and the Russian invasion of Ukraine.

"When there are such external shocks, it is important for us to unite further in investment and food production so that we are able to be self-sufficient in agriculture and our various needs because that is what gives the two nations strength," she said.

"We have a common platform between the Sovereign Fund of Egypt and Abu Dhabi Developmental Holding Company on a number of investments over the coming years and we have another set of investments in renewable energy, as Egypt prepares to host Cop27 soon followed by the UAE as host in its next iteration."

On the upcoming climate conference, Cop27, Egyptian Minister of Environment Yasmine Fouad said the event will take place under "extremely complex global conditions".

Ms Fouad said Mr El Sisi had taken into account "all aspects" that matter to humanity, including "energy, water scarcity, food and biodiversity" with a focus on separate sessions throughout the conference that will focus specifically on these issues.

"Consensus among participating countries will increase the event's success as it prepares to hand the presidency over to the UAE for the next edition, which Egypt co-operates with on environmental projects including water scarcity and the development of mangrove forests," she said.

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

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Education: Master's degree from American Univeristy of Cairo

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Goal: For Nefsy to become his legacy long after he is gon

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Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

The Byblos iftar in numbers

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50 staff members required to prepare an iftar

200 to 350 the number of people served iftar nightly

160 litres of the traditional Ramadan drink, jalab, is served in total

500 litres of soup is served during the holy month

200 kilograms of meat is used for various dishes

350 kilograms of onion is used in dishes

5 minutes – the average time that staff have to eat
 

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Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

Updated: October 26, 2022, 11:00 PM