UAE President, Indian Prime Minister hold talks, review regional developments

Abu Dhabi: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Narendra Modi, Prime Minister of the Republic of India, explored opportunities to strengthen cooperation within the framework of the Comprehensive Strategic Partnership and Comprehensive Economic Partnership Agreement between the UAE and India. The discussions took place during an official visit to the UAE by the Indian Prime Minister. The two sides affirmed their shared commitment to advancing their development partnership and expanding cooperation in ways that support lasting prosperity for their peoples. His Highness and Prime Minister Modi reviewed the significant progress in collaboration across sectors that support both countries’ development priorities, particularly the economy, investment, energy, space, food security, technology, and artificial intelligence. The two leaders also exchanged views on a number of issues of mutual interest, particularly developments in the Middle East and their serious implications for regional and international peace and security, as well as their impact on maritime security, energy supplies, and the global economy. Prime Minister Modi reiterated India’s condemnation of the Iranian terrorist attacks targeting civilians, civilian facilities and infrastructure in the UAE, noting that they constitute a violation of sovereignty and international norms and laws. The meeting was attended by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Adviser to the UAE President; along with a number of ministers and officials. Also attending was the delegation accompanying the Prime Minister of India, which included a number of ministers and officials. Agreements signed UAE President and Indian Prime Minister witnessed the exchange of several agreements and memoranda of understanding aimed at advancing cooperation between the two countries within the framework of their strategic partnership. The agreements exchanged during the Indian Prime Minister’s official visit to the UAE include: A Strategic Collaboration Agreement between Indian Strategic Petroleum Reserves Limited (ISPRL) and Abu Dhabi National Oil Company (ADNOC). The agreement was exchanged by His Excellency Dr Sultan Ahmed Al Jaber, Group CEO of ADNOC, and His Excellency Vikram Misri, Foreign Secretary of India. A Strategic Collaboration Agreement between Indian Oil Corporation Limited (IOCL) and Abu Dhabi National Oil Company (ADNOC) on supplies of Liquified Petroleum Gas (LPG). The agreement was exchanged by His Excellency Dr Sultan Ahmed Al Jaber, Group CEO of ADNOC, and His Excellency Vikram Misri, Foreign Secretary of India. An Agreement on the Framework for the Strategic Defence Partnership between the Ministry of Defence of the United Arab Emirates and the Ministry of Defence of the Republic of India. The agreement was exchanged by Lieutenant General Ibrahim Nasser Al Alawi, Undersecretary of the UAE Ministry of Defence, and His Excellency Vikram Misri, Foreign Secretary of India. A Term Sheet between G42 Group, Mohamed bin Zayed University of Artificial Intelligence, and the Centre for Development of Advanced Computing (C-DAC) for the establishment of an 8-Exaflop Supercomputing Cluster in the Republic of India. It was exchanged by His Excellency Mansour Al Mansoori, Chief Executive Officer of G42 International, and His Excellency Vikram Misri, Foreign Secretary of India. A Memorandum of Understanding between Cochin Shipyard Limited (CSL) and Drydocks World (DDW) on setting up a Ship Repair Cluster at Vadinar. It was exchanged by His Excellency Essa Kazim, Chairman of DP World, and His Excellency Deepak Mittal, Ambassador of India to the UAE. A Memorandum of Understanding between Cochin Shipyard Limited (CSL), Drydocks World (DDW) and Centre of Excellence in Maritime & Shipbuilding (CEMS) on Skill Development in Ship Repair. It was exchanged by His Excellency Essa Kazim, Chairman of DP World, and His Excellency Deepak Mittal, Ambassador of India to the UAE. The two sides also announced a number of agreements, including: Investment by Emirates NBD of AED 11.02 billion (equivalent to 28,300 crore Indian rupees) to acquire a 60% stake in RBL Bank. Investment by Abu Dhabi Investment Authority (ADIA) of AED 3.67 billion (equivalent to 9,440 crore Indian rupees) in the National Investment and Infrastructure Fund (NIIF). Investment by International Holding Company (IHC) of AED 3.67 billion (equivalent to 9,440 crore Indian rupees) to acquire an equity stake in Sammaan Capital. Mohamed bin Zayed bids farewell to Modi Narendra Modi departed the UAE at the conclusion of an official visit to the country, on Friday. UAE President His Highnes