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Sharjah 24
6 days ago
- Business
- Sharjah 24
UAE President, Pakistani PM discuss bilateral cooperation
During the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Highness and the Pakistani Prime Minister exchanged Eid Al Adha greetings, offering prayers for continued prosperity for both nations and peace and stability across the Muslim world and beyond. Discussed ways to strengthen bilateral cooperation The two sides discussed ways to strengthen bilateral cooperation, with a particular focus on the economic, investment and development sectors. They reaffirmed their commitment to deepening constructive ties and broadening their partnership in pursuit of shared interests and national development goals that aim to deliver greater prosperity for both peoples. His Highness Sheikh Commended the efforts of His Highness in advancing peace, security and stability The Pakistani Prime Minister commended the efforts of His Highness in advancing peace, security and stability at both regional and global levels. He highlighted the key role played by UAE diplomacy in promoting dialogue and finding common ground for diplomatic solutions to conflicts and crises around the world. He also expressed his appreciation for the UAE's ongoing support to Pakistan and its impactful development initiatives in the country. The meeting was attended by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser; His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President; Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Mohamed bin Mubarak Al Mazrouei, Minister of State for Defence Affairs, and Dr. Ahmed Mubarak Al Mazrouei, Chairman of the President's Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office. The meeting was also attended by the accompanying delegation of the Prime Minister of Pakistan, which included a number of ministers and senior officials. Earlier, Prime Minister Shehbaz Sharif arrived in Abu Dhabi, where he was received at Al Bateen Airport by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, along with a number of senior officials.
Al Etihad
12-06-2025
- Business
- Al Etihad
UAE President, Pakistani Prime Minister discuss bilateral cooperation, regional developments
12 June 2025 18:34 ABU DHABI (WAM) UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday received His Excellency Muhammad Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan, who is on a working visit to the the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Highness and the Pakistani Prime Minister exchanged Eid Al-Adha greetings, offering prayers for continued prosperity for both nations and peace and stability across the Muslim world and two sides discussed ways to strengthen bilateral cooperation, with a particular focus on the economic, investment, and development sectors. They reaffirmed their commitment to deepening constructive ties and broadening their partnership in pursuit of shared interests and national development goals that aim to deliver greater prosperity for both Highness Sheikh Mohamed bin Zayed and Prime Minister Sharif also reviewed a range of regional and international issues of mutual concern and exchanged views on recent developments. They emphasised the importance of supporting international efforts to promote stability and strengthen peace both regionally and Pakistani Prime Minister commended the efforts of His Highness in advancing peace, security, and stability at both regional and global levels. He highlighted the key role played by UAE diplomacy in promoting dialogue and finding common ground for diplomatic solutions to conflicts and crises around the world. He also expressed his appreciation for the UAE's ongoing support to Pakistan and its impactful development initiatives in the meeting was attended by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser; His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President; Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Mohamed bin Mubarak Al Mazrouei, Minister of State for Defence Affairs; Dr. Ahmed Mubarak Al Mazrouei, Chairman of the President's Office for Strategic Affairs and Chairman of the Abu Dhabi Executive meeting was also attended by the accompanying delegation of the Prime Minister of Pakistan, which included a number of ministers and senior officials. Earlier Thursday, Prime Minister Shehbaz Sharif arrived in Abu Dhabi, where he was received at Al Bateen Airport by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, along with a number of senior officials.
Daily Tribune
12-06-2025
- Business
- Daily Tribune
Pakistan PM Shehbaz Sharif Arrives in UAE for Official Visit
Pakistan's Prime Minister Muhammad Shehbaz Sharif arrived in the United Arab Emirates on Thursday for a one-day official visit. He was received at Abu Dhabi's Al Bateen Airport by Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser. The visit comes at the invitation of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and is aimed at further strengthening bilateral relations between the two nations. Sharif is accompanied by several senior officials, including Deputy Prime Minister and Foreign Minister Ishaq Dar. This marks the Prime Minister's second visit to the UAE this year, following his participation in the World Governments Summit 2025 in Dubai earlier in February. The agenda for the current visit is expected to include discussions on regional and international developments, as well as enhanced cooperation in trade, investment, and energy. The UAE and Pakistan share strong diplomatic, economic, and cultural ties, with regular high-level exchanges reinforcing their longstanding relationship.
Arabian Post
31-05-2025
- Business
- Arabian Post
Tabreed and CVC Edge Closer to $1.1 Billion Cooling Deal
Arabian Post Staff -Dubai Engie-backed National Central Cooling Company, known as Tabreed, and private equity firm CVC Capital Partners have entered exclusive negotiations to acquire PAL Cooling Holding , the district cooling arm of Abu Dhabi's Multiply Group. The transaction is expected to value the business at approximately $1.1 billion, according to individuals familiar with the matter. The joint bid by Tabreed and CVC emerged as the leading offer among several contenders, including KKR, I Squared Capital, Investcorp, and Abu Dhabi National Energy Company . Discussions have now progressed to a bilateral phase between the preferred bidders and Multiply Group, a subsidiary of International Holding Company , chaired by Sheikh Tahnoon bin Zayed Al Nahyan. ADVERTISEMENT PAL Cooling Holding operates six district cooling plants in Abu Dhabi, with a combined installed capacity of approximately 139,800 refrigeration tonnes. The company maintains long-term service agreements with prominent real estate developers such as Aldar Properties and Reem Developers, providing chilled water for air conditioning to a range of commercial and residential properties across the emirate. District cooling systems, which distribute chilled water through insulated pipes to multiple buildings, offer a more energy-efficient and environmentally friendly alternative to traditional air conditioning. These systems are particularly prevalent in the Gulf region, where summer temperatures can exceed 50 degrees Celsius, making efficient cooling solutions essential for urban infrastructure. The potential acquisition aligns with Tabreed's strategic expansion plans. The company currently operates over 80 district cooling plants across the Middle East, delivering more than 1.2 million refrigeration tonnes of cooling capacity. Tabreed's portfolio includes high-profile projects such as the Burj Khalifa, Sheikh Zayed Grand Mosque, and the Dubai Metro. CVC Capital Partners, headquartered in Luxembourg, has been actively seeking investment opportunities in the Middle East, reflecting a broader trend among international private equity firms. The region's push to diversify economies away from oil dependency has made sectors like sustainable infrastructure increasingly attractive to foreign investors. Multiply Group, the seller in this transaction, is an investment holding company with interests spanning media, utilities, and technology. The divestment of its district cooling unit is part of a strategic realignment to focus on core business areas. The company had engaged Standard Chartered Bank to explore potential buyers for PCH earlier this year. Following reports of the exclusive talks, Tabreed's shares experienced a 4.3% increase, reaching 2.68 dirhams during midday trading on the Abu Dhabi Securities Exchange. This uptick reflects investor optimism regarding the company's growth prospects and the strategic value of the potential acquisition.
Miami Herald
19-05-2025
- Business
- Miami Herald
AI-Run City Set for Launch
The United Arab Emirates is planning to power all public and private services in the city of Abu Dhabi through a single artificial intelligence platform by 2027 with a $2.5 billion investment, according to the Khaleej Times. The project will be delivered by Italy's Synapsia and the UAE's Bold Technologies. Newsweek has contacted the UAE government and Bold Technologies' parent company Bold Holding for comment. An email to the address on Synapsia's website bounced back. The new project underscores Gulf ambitions to take a lead in AI innovation the week after it was also made central to a visit to the region by U.S. President Donald Trump. While AI is increasingly at the heart of the global U.S.-China competition of influence, Gulf countries also see it not only as a way to make themselves more effective through its practical application, but also as a way to break new ground as they look to a future beyond energy exports. Aion Sentia, the project's given name, aims to consolidate public and private services onto a single platform, from automated public transport to the integration of smart homes and AI-powered support for healthcare, according to the Khaleej Times. The UAE has publicly stated its ambitions to lead in AI, and its National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan has actively courted foreign-including U.S.-investment for AI infrastructure projects. Saudi Arabia is also making similar calls and planning to use AI‐managed systems in its flagship Neom city. During his Middle East tour last week, Trump approved a major deal with the UAE to construct the world's largest artificial intelligence campus outside the U.S., removing previous limits that had barred the Gulf state from accessing advanced American chips amid fears they might end up in China. In March 2025, Synapsia and Bold Technologies signed a UAE-backed deal to deploy their Maia engine to coordinate traffic, public lighting, transportation, and security across urban infrastructure for more efficiency and energy consumption reduction, Synapsia said in a statement. Daniele Marinelli, CEO of My Aion Inc., as quoted by the Khaleej Times: "We want to go to the next level. Imagine an AI that knows you so well, it can recommend the perfect place for your anniversary dinner and book it for you without you lifting a finger. That's the power of MAIA, and it's just one example of how Aion Sentia will redefine convenience." Synapsia's website in March 2025: "The agreement includes a significant investment in the development of Cognitive Cities, a new paradigm that goes beyond the concept of smart cities, which introduces fully autonomous urban management based on generative AI and predictive optimization." The UAE said it aims to expand Aion Sentia globally after piloting in Abu Dhabi, but did not give further details of exactly where. Related Articles China Starts Building First Giant Supercomputer Network in SpaceNewsweek's Next Virtual Event Aims to Build Health Care's AI PlaybookTrump Backs Massive Middle East AI Hub to Counter ChinaGrok Saw 'Unauthorized Modification' Before Slew of 'White Genocide' Posts 2025 NEWSWEEK DIGITAL LLC.
