Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, told of the significance of the UAE's long-standing ties with Russia after holding high-level talks with the country's prime minister.
Sheikh Mohammed stressed the importance of the economic partnership between the nations following his meeting with Mikhail Mishustin at Expo 2020 Dubai.
He said the UAE is Russia's largest trading partner in the Gulf.
The two leaders discussed ways of further enhancing bilateral relations.
"Our relations with Russia are distinguished," said Sheikh Mohammed on Twitter.
"80% of Arab investments in Russia are in the UAE and 90% of Russian investments in the Arab world are in the UAE. We have 4,000 Russian companies and we are Russia's largest trading partner in the Gulf."
Last month, The UAE's Ministry of Industry and Advanced Technology signed an agreement with Russia's Ministry of Industry and Trade to collaborate in hydrogen fuel technology.
They will focus on developing technologies to achieve a carbon-neutral industrial sector and find ways to support the production, storage and transportation of hydrogen.
The agreement followed the signing of a joint task force between the UAE and Russia to collaborate in the energy sector – particularly in renewables.
Timeline
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
Du Football Champions
The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.
How it works
Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com
'The Predator'
Dir: Shane Black
Starring: Olivia Munn, Boyd Holbrook, Keegan-Michael Key
Two and a half stars
UAE currency: the story behind the money in your pockets
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
if you go
The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow.
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes).
