UAE to boost Yemen economy

Implementing the directives of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed the allocation of $20 million to be invested in support of the small and medium enterprises sector in the Republic of Yemen.

This comes within the framework of the UAE's keenness to support governmental efforts aimed at the empowerment of young people and the promotion of social, economic and political stability in Yemen.

The initiative, which will be implemented and supervised by the Khalifa Fund for Enterprise Development, will include cities of Aden and Al Mukalla in the first stage. Later other provinces and cities of Yemen will be included.

The initiative will contribute to strengthening the performance of the Yemeni economy and pushing it towards recovery and growth, along with providing job opportunities for Yemenis and promote the culture of investment and entrepreneurship in the country.

Mohamed bin Zayed receives Bahrain King’s note

Sheikh Mohamed with Bahrain Ambassador to the UAE Mohammed Al-Maawda (Wam)

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a letter from His Majesty King Hamad bin Isa Al Khalifa of Bahrain, dealing with the fraternal relations between the two countries and ways to enhance them in the best interests of the two sides.

Bahrain Ambassador to the UAE Mohammed Al-Maawda, delivered the letter when Sheikh Mohamed received him at his majis in Al Bahr Palace.

Among those who attended Sheikh Mohamed's majlis were Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, a number of sheikhs, ministers, top military and civil officials and Emiratis.

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