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The UAE has earmarked USD 10 bn to invest in Pakistan’s “promising economic sectors,” according to a statement from the Abu Dhabi Media Office. The statement did not specify the potential projects or sectors the USD 10 bn will go towards. This came following a meeting between President Mohamed bin Zayed Al Nahyan and Pakistan’s Prime Minister Muhammad Shehbaz Sharif during Sharif’s visit to Abu Dhabi to explore potential investment and cooperation in economy, trade, and development, Wam reported. The PM met with Vice President Sheikh Mansour bin Zayed Al Nahyan in Abu Dhabi earlier in the day.
UAE-US cooperation to protect IP rights: The UAE and the US inked an MoU to ramp up cooperation in protecting intellectual property (IP) rights, focusing on exploring innovative activities and developing new IP policies, systems, and protection, Wam reports. The agreement includes a five-year cooperation program allowing US inventors and innovators with US patents to obtain patents in the UAE, provided they meet the necessary standards.
REMEMBER- The UAE has been doubling down on IP protection: Earlier in February, the Economy Ministry rolled out an integrated IP framework comprising 11 separate initiatives, including a “patent hive” to issue 6k patents by 2026.
Economy Minister Abdullah bin Touq Al Marri met with New York City Mayor Eric Adams to discuss promoting bilateral economic cooperation in fintech, clean energy, green economy, entrepreneurship, tourism, transportation, and circular economy, Wam reports.
AND- UAE opens new embassy in Latvia: State Minister Ahmed bin Ali Al Sayegh participated yesterday in the inauguration of the UAE’s new embassy in Latvia’s Riga, located in a historic building on Unesco’s cultural heritage list, according to Wam.
