INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE and Azerbaijan presidents pledge to boost ties

Shaikh Mohamed bin Zayed Al Nahyan, President of the UAE, and Ilham Aliyev, President of Azerbaijan. (BNA)
  • The two countries resolved to ramp up ties in economics, development, renewable energy, environmental protection, culture, education, and other areas
  • The meeting between the two presidents also addressed the upcoming UN Climate Change Conference (COP29) to be hosted by Azerbaijan this year

Baku, Azerbaijan— The UAE and Azerbaijan have discussed ways to enhance cooperation in renewable energy, environmental protection, culture, education, and other areas that contribute to sustainable development.

The discussion on the deepening of ties took place in a meeting between Shaikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and Ilham Aliyev, President of Azerbaijan, in Baku.

The meeting discussed ways to strengthen cooperation in various sectors, including economics, development, renewable energy, environmental protection, culture, education, and other areas that contribute to sustainable development, WAM reported.

Both sides also exchanged views on a number of regional and international issues of mutual interest.

The meeting also addressed the upcoming UN Climate Change Conference (COP29) hosted by Azerbaijan this year.

Shaikh Mohamed expressed his best wishes for Azerbaijan’s successful hosting of this global event and further progress based on the UAE Consensus announced at COP28 last year.

The UAE Consensus aims to accelerate practical and tangible global climate action and address climate challenges, thereby enhancing sustainable economic and social development for all peoples worldwide.

The two sides exchanged memoranda of understanding and a letter of intent between the two countries. These agreements aim to expand cooperation in various sectors, supporting the two countries’ vision for sustainable development and prosperity.