Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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ADNOC's Vision of a Sustainable Future: Growth, Decarbonization, and Economic Impact

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Adnoc

Also read :A Strategic Bridge: UAE’s Invitation to Armenia’s President Signals Growing Regional Engagement

The UAE President Sheikh Mohamed bin Zayed Al Nahyan presided over a historic annual meeting of the ADNOC Board of Directors, which emphasized the country's commitment to a sustainable and integrated energy future. Under the visionary leadership of Sheikh Mohamed bin Zayed, ADNOC is forging a route for growth, decarbonization, and significant contributions to the UAE economy.

Also read :UAE President Directs Establishment of Zayed Education Foundation to Empower Next Generation of Global Leaders

Sheikh Mohamed bin Zayed directed ADNOC to diversify its portfolio by providing secure, dependable, and responsible energy to support a fair and equitable global energy transition. Through investments in Masdar, the company is increasing its renewable energy capacity, on track to meet its intermediate targets of 25% reduction in greenhouse gas intensity and near-zero methane emissions by 2030. 

The board recognized ADNOC's record-breaking IPOs and first overseas investments in 2023, underlining the need to focus transformational development, collaborations, and global prospects. Notably, ADNOC's acquisition of OCI's majority stake in Fertiglobe plc is consistent with its ambitious chemical strategy and commitment to low-carbon ammonia.

Also read :UAE, US Presidents Discuss Strategic Bilateral Relations in Phone Call

ADNOC's ambition to achieve net zero emissions by 2045 is reflected in increased budget allocations of $23 billion for decarbonization projects. This investment includes the expansion of domestic and worldwide carbon management tools to assist both ADNOC and its clients in their decarbonization efforts.

ADNOC's emphasis on personnel development and upskilling, connection with the 'Make it in the Emirates' campaign, and donations to local communities through its CSR program demonstrate the company's all-encompassing commitment to sustainable growth.

Also read :Why the UAE property market is now attracting more foreign institutional investors

ADNOC reached key milestones in 2023, including record-breaking first public offerings, investments in carbon capture projects, and the unveiling of the world's first net-zero emissions offshore development project. The corporation has pledged to double its carbon capture. 


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