Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

UAE president discusses boosting ties with president of Nigeria

UAE President Sheikh Mohamed bin Zayed with Nigerian President Bola Ahmed Tinubu. (WAM)
  • UAE president hoped the two leaders would work together to deepen ties that benefit both the UAE and Nigeria
  • Sheikh Mohamed renewed the UAE's goal to foster ties with countries that share the same aspiration for growth

Abu Dhabi, UAE— UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral collaboration in areas that serve both countries’ sustainable economic growth, including the economic, development, energy, and climate action fields in a meeting in Abu Dhabi.

Sheikh Mohamed expressed his hope that the two leaders will work together to reinforce ties between the UAE and Nigeria for the benefit of both countries.

The two sides also exchanged views on a number of regional and international developments of interest.

The meeting discussed the upcoming COP28 climate conference set to take place in the UAE later this year, with both parties stressing the vital importance of encouraging and enabling international cooperation to tackle global issues, including climate change.

Sheikh Mohamed underscored the UAE’s ongoing commitment to fostering ties with countries that share the same aspirations for stability, sustainable growth, and development and prosperity for their people.

He further emphasized the particular importance the UAE attaches to its relationship with Nigeria, within the framework of its strategic vision for relations with the African continent.

The President of Nigeria expressed his pleasure to be visiting the UAE and affirmed his country’s keenness to further enhance bilateral cooperation to support sustainable development and progress in both countries.

During the meeting, which took place at Qasr Al Shati in Abu Dhabi, Sheikh Mohamed renewed his congratulations to Tinubu on assuming the presidency earlier this year, and wished him every success in leading Nigeria and its people to further progress and prosperity.

The meeting was attended by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Ministry of Presidential Court; Dr. Anwar Gargash, Diplomatic Adviser to the UAE President; Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation; Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure; Abdullah bin Touq Al Marri, Minister of Economy; and Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation.

The meeting was also attended by the delegation accompanying the Nigerian President, which included a number of ministers and high-ranking officials.