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GCC Summit issues Riyadh Declaration



RIYADH, 14th December, 2021 (WAM) — The GCC leaders affirmed today the importance of completing pillars of the GCC common economic, defence and security integration and unity and coordinating stances in order to enhance solidarity and stability among GCC member states, serve their interests, avert them regional and international conflicts, fulfill aspirations of their people and strengthen their regional and international role through unified political positions and new partnerships regionally and globally.

According to the Riyadh Declaration issued at the end of the 42nd GCC Summit, leaders stressed the vital need for common foreign policies of member states to build a shared, effective foreign policy that serves aspirations and ambitions of their people and preserve their interests and gains and keep them away from regional and international conflicts and interferences in their internal affairs.

The leaders called for strategic integration between common economic, defence and security policies to achieve aspired goals and called member states to commit themselves to collective action under the Joint Defense Agreement to confront common challenges and threats.

Addressing the climate change, the leaders also called for backing the Saudi Arabia's circular carbon economy strategy launched during its presidency of the G20 to tackle climate change and
its impact and achieve sustainability.

The leaders stressed the need for continuing the joint cooperation in the fight against COVID-19 and other pandemics and developing affective policies and strategies to deal with such health emergencies and address their economic and social repercussions as well as travel and movement between GCC member states.

The leaders stressed the importance of enhancing joint action towards digital transformation and modern technologies, enhancing cooperation and building alliances in the field of cyber and information security in line with the aspirations of the GCC member states, supporting the role of youth, the private sector and small and medium enterprises in the growth of economic diversification and digital transformation, and encouraging partnerships, projects and initiatives in this field.

Meanwhile, the Supreme Council of the GCC lauded the efforts made by the UAE to tackle climate change and to offer support to global efforts by hosting the COP28 in Abu Dhabi in 2023.

It also congratulated the UAE for successfully hosting Expo 2020 Dubai, which, it added, is a success for all GCC countries.

The Supreme Council reaffirmed its keenness to furthering coherence among the member countries and to realise integration in all fields, in a way that would fulfill aspirations of its people and unify ranks to confront any threats against any of the GCC countries.

The Declaration also referred to the objectives set out in Al-Ula Declaration, issued on 5th January 2021 and the shared desire to align with the vision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, for working towards economic unity and joint defence and security system.

The Supreme Council assigned organisations, councils and ministerial committees, as well as the GCC General Secretariat, to double efforts to complete implementation of the vision of the Custodian of the Two Holy Mosques, including acceleration of the establishment of the customs union and the various tracks of the GCC Common Market, in the lead up to a full economic unity of the GCC by 2025. It also mandated the General Secretariat to submit a detailed report for the next session of the Council.

The Supreme Council approved the establishment of the GCC Railways Authority, commended the opening of the GCC unified military command in Riyadh and took note of the preparation for the military exercise "Arab Gulf Security 3", scheduled to take place in Saudi Arabia in January 2022.

The Supreme Council reaffirmed respect for the principles of sovereignty and non-intervention in other countries’ internal affairs. It also renewed its firm stance in rejection of terrorism and extremism, regardless of their sources and forms.

The Supreme Council welcomed holding of its 43rd session under Oman’s presidency.

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WAM, Mexico media entities discuss media cooperation



MEXICO CITY, 20th January, 2022 (WAM) — A delegation from the Emirates News Agency (WAM) has discussed ways to enhance media cooperation with a number of media entities in Mexico.

The discussion took place during the delegation's visit, led by Mohammed Jalal Al Rayssi, Director-General of WAM, to Mexico, at the end of a tour to Latin America, which included Brazil and Colombia. This tour is part of WAM's efforts to partner with international media institutions.

During the tour, the delegation met with the officials of Cuartoscuro, a magazine that specialises in photography and press information, established in 1986. The two institutions discussed opportunities to enhance media ties and signed a memorandum of understanding (MoU) to exchange and share media content between them.

The delegation also visited the headquarters of TV Azteca, a Mexican multimedia conglomerate owned by Grupo Salinas. It is the second-largest mass media company in Mexico after Televisa and broadcasts its programmes to 13 countries. The two sides explored means to develop media cooperation, news exchange, and the group's participation in the Global Media Congress, an event that will be hosted by Abu Dhabi next November.

The WAM delegation also visited Canal 11, a Mexican educational television network with 1,500 employees, and one of the most famous channels nationwide and in Latin America, that is fully funded by the Mexican government. The widespread network's daily followers reach nearly 30 million viewers and 3 million followers in the United States of America.

Canal 11 focuses on the most critical world news, local news, and educational programmes for children. Both sides agreed to broadcast a weekly article about the UAE, with materials provided by WAM in Spanish.

The delegation also visited "El Universal", a famous Mexican newspaper established 100 years ago, which is considered one of the most essential content makers in the media sector with over 240 journalists worldwide. They agreed to sign an MoU to exchange news in light of the desire of the Mexican side to increase its news about the UAE.

Al Rayssi stressed the importance of this visit in exploring broader horizons to enhance media cooperation with Mexican media, which has a history full of professional achievements.

He added that WAM is looking forward to building strategic relations with media establishments in Mexico due to the continuous cooperation between the two countries.

WAM Director-General expressed his aspiration for the participation of the Mexican media in the Global Media Congress in Abu Dhabi next November. He added that the Congress will provide a significant platform for building partnerships and fostering ties between media institutions worldwide.

Al Rayssi concluded by thanking all officials from the UAE Embassy in Mexico, commending their efforts to provide all forms of support to the WAM delegation during its stay in Colombia, which played a crucial role in making the visit a success.

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UAE Cabinet approves restructuring of Securities and Commodities Authority’s Board of Directors



DUBAI, 20th January, 2020 (WAM) — The Cabinet has approved a decision to restructure the Board of Directors of the Securities and Commodities Authority, under the chairmanship of Mohamed Ali Al Shorafa Al Hammadi.

The decision is part of developing the system and workflow in the federal government in support of the UAE’s vision, and enabling the Securities and Commodities Authority to perform its plans and roles in promoting the performance of the financial markets in the country, according to systems that lay the foundations for flexibility and legislative sustainability, as part of the country’s directives to support and develop highly efficient and flexible financial markets.

As part of its duties, the Board will work to strengthen and develop the legislative and administrative system for the financial markets in the country, and support the supervisory and regulatory systems in accordance with best practices, to consolidate the UAE’s stature and its global leadership in this field.

The three-year membership includes Dr. Ali Mohammed Bakheett Al Rumaithi, Board Member of Central Bank of the UAE; Dr. Abdulla Al Khatib, Assistant Dean for Research and Graduate Studies at the College of Law – UAE University; Alyazia Ali Saleh Al Kuwaiti, Executive Director-Upstream & Integrated Business at Mubadala Investment; and Faisal Yousef bin Sulaiten, Executive Director of the Economic Security Centre of Dubai, along with representative of the youth category to be nominated by the General Secretariat of the Cabinet.

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Foreign Minister of Pakistan affirms his country’s full solidarity with UAE



ISLAMABAD, 20th January, 2022 (WAM) — Shah Mahmood Qureshi, Minister for Foreign Affairs of Pakistan, has received in his office Hamad Obaid Ibrahim Salem Al Zaabi, UAE Ambassador to Pakistan.

Qureshi expressed his strong condemnation and denunciation of the terrorist attack by the Houthi militia on civil facilities in the UAE. He considered the attack a threat to international peace and security, expressing regret for the civilian casualties, including a Pakistani citizen, due to the cowardly terrorist attack.

He added, "The UAE and Pakistan have solid historical relations, and we reiterate our full solidarity with the UAE in all the measures it takes to preserve the security and safety of its citizens and the sovereignty of its territories."

The Pakistani Foreign Minister also extended his sincere condolences to the families of the victims of this terrorist attack and his wishes for a speedy recovery to the injured.

In turn, the UAE Ambassador thanked the minister for the firm Pakistani position, condemnation and sincere solidarity with the UAE and its people with regard to this heinous attack, which is inconsistent with all international norms and laws.

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