CAIRO// Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, arrived in Cairo yesterday for a high-level visit underscoring support for Egypt's interim government and the deep ties between the two nations.
Thousands of Egyptians thronged Cairo airport to welcome him and show appreciation for the UAE for standing with their country. They waved the flags of the UAE and Egypt and raised pictures of Sheikh Khalifa, the President, and of Sheikh Zayed, the nation's founder.
Sheikh Mohammed was greeted at the airport by the interim prime minister Hazem Beblawi. He inspected an honour guard and shook hands with senior Egyptian officials.
His visit at this delicate time was "one of the most important milestones" in the relations between the two nations, said Tamer Mansour, Egypt's ambassador to the UAE.
It highlighted the UAE's "sincere Arab role" in assisting the Egyptian people politically and economically to help them achieve the goals for which they demonstrated in the June 30 revolution, Mr Mansour told Wam, the state news agency.
The Crown Prince and Egypt's interim president Adly Mansour discussed mutual cooperation and how to bolster regional and international peace and stability.
"It is our duty to stand by our brothers in Egypt who are capable of overcoming the current circumstances by making the political process in this transitional phase a success," Sheikh Mohammed said.
Sheikh Mohammed underscored the UAE's relief at the return of security and stability thanks to Egypt's leadership and national forces.
He said the UAE supported Egyptians and praised their rejection of violence to ensure stability. He also praised the role of the army after meeting the army chief Gen Abdel Fattah El Sisi, and said the army's stance was "the major response to those who sought to tamper with stability, security, development and coexistence in Egypt".
The Crown Prince said Sheikh Khalifa was clear in providing support to Egypt and advance its economy.
The UAE has been a significant backer of the interim government. In July, the UAE pledged Dh11 billion in aid in a significant show of support after Mohammed Morsi was removed from power by the military. The UAE pledged a $1 billion grant and $2bn in the form of a zero-interest loan.
Saudi Arabia, Kuwait and Qatar have also sent aid.
Mr Mansour praised the UAE's support for Egypt and the aspirations of its people, and said it showed the fraternal relationship between the two countries.
Sheikh Mohammed was accompanied by Sheikh Hazza bin Zayed, National Security Adviser and Vice President of Abu Dhabi Executive Council, and Sheikh Abdullah bin Zayed, the Minister of Foreign Affairs.
The Egyptian people "will never forget the UAE's historic stance" on Egypt and its support for the Egyptian people and their will, the Egyptian foreign ministry spokesman, Badr Abdel Ati, told Wam.
"It is no surprise that the UAE stand by the will of the people," he said. "The brotherly UAE has stood by Egypt in all previous tribulations and tough times, just like Egypt stood by its Arab brothers throughout history."
afordham@thenational.ae
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Global state-owned investor ranking by size
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ABU DHABI ORDER OF PLAY
Starting at 10am:
Daria Kasatkina v Qiang Wang
Veronika Kudermetova v Annet Kontaveit (10)
Maria Sakkari (9) v Anastasia Potapova
Anastasia Pavlyuchenkova v Ons Jabeur (15)
Donna Vekic (16) v Bernarda Pera
Ekaterina Alexandrova v Zarina Diyas
Results
7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)
7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash
8pm: Maiden (PA) Dh70,000 (D) 1,400m; Winner: AF Sourouh, Tadhg O’Shea, Ernst Oertel
8.30pm: Maiden (PA) Dh70,000 (D) 1,800m; Winner: Baaher, Fabrice Veron, Eric Lemartinel
9pm: Maiden (PA) Dh70,000 (D) 2,000m; Winner: Mootahady, Antonio Fresu, Eric Lemartinel
9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar
10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m; Winner: Harrab, Bernardo Pinheiro, Majed Al Jahouri
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
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