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UAE, ARMENIA SET TO BOOST COMMERCIAL COOPERATION
WAM - Emirates News Agency
http://www.wam.org.ae/servlet/Satellite?c=W amLocEnews&cid=1235660849966&p=11350994001 24&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNe ws
March 5 2009
UAE
Yerevan, 5 March 2009 (WAM) -H.E. Sheikha Lubna bint Khalid Al Qasimi,
minister of foreign trade, met here today with Tigran Sarkisyan,
prime minister of Armenia, and discussed with him ways to enhance
bilateral relations and cooperation, particularly in economic,
commercial and investment fields.
Sheikha Lubna conveyed to Sakisyan greetings of Vice President and
Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed
bin Rashid Al Maktoum.
During the meeting, Sheikha Lubna underlined development and growth
made by the UAE economy. She said the non-oil sectors' contribution
in the country's Gross Domestic Product (GDP) reached 64 percent and
mostly concentrated on services, infrastructure and industry.
She said that the UAE has ambitious plans for renewable energy
projects, despite its position as one of the world's largest oil
producers.
Sheikha Lubna also briefed the Armenian Prime Minister on the measures
taken by the UAE to address fallout from the current global financial
crisis, including provision of USD 32 billion loan facilities to the
banks, Abu Dhabi's move to pump USD 3.4 billion in support to the
emirate's banks and Dubai's step of issuing USD 20 billion bonds,
half of which subscribed by the Central Bank.
Sheikha Lubna, who is heading a high level delegation from public and
private sectors, expressed the hope that the UAE and Armenia will
develop their economic and financial relations and increase their
trade exchange.
WAM - Emirates News Agency
http://www.wam.org.ae/servlet/Satellite?c=W amLocEnews&cid=1235660849966&p=11350994001 24&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNe ws
March 5 2009
UAE
Yerevan, 5 March 2009 (WAM) -H.E. Sheikha Lubna bint Khalid Al Qasimi,
minister of foreign trade, met here today with Tigran Sarkisyan,
prime minister of Armenia, and discussed with him ways to enhance
bilateral relations and cooperation, particularly in economic,
commercial and investment fields.
Sheikha Lubna conveyed to Sakisyan greetings of Vice President and
Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed
bin Rashid Al Maktoum.
During the meeting, Sheikha Lubna underlined development and growth
made by the UAE economy. She said the non-oil sectors' contribution
in the country's Gross Domestic Product (GDP) reached 64 percent and
mostly concentrated on services, infrastructure and industry.
She said that the UAE has ambitious plans for renewable energy
projects, despite its position as one of the world's largest oil
producers.
Sheikha Lubna also briefed the Armenian Prime Minister on the measures
taken by the UAE to address fallout from the current global financial
crisis, including provision of USD 32 billion loan facilities to the
banks, Abu Dhabi's move to pump USD 3.4 billion in support to the
emirate's banks and Dubai's step of issuing USD 20 billion bonds,
half of which subscribed by the Central Bank.
Sheikha Lubna, who is heading a high level delegation from public and
private sectors, expressed the hope that the UAE and Armenia will
develop their economic and financial relations and increase their
trade exchange.