Indonesian President Joko Widodo begins a two-day state visit to the UAE on Tuesday and is due to hold high-level talks with Sheikh Mohammed.
According to state news agency Wam, the two leaders are expected to review efforts to strengthen strategic ties between the friendly countries across several key areas.
The discussions will centre around the Comprehensive Economic Partnership Agreement (CEPA) signed between the two countries in July 2022, which is crucial to their joint efforts to promote sustainable development.
Sheikh Mohammed said at the time that the agreement would herald “a new era of expanded trade, investment and economic cooperation.”
The Head of State said the agreement would help further strengthen the long-standing ties between the two countries.
The agreement came into force in August 2023.
The UAE-Indonesia CEPA is projected to boost bilateral non-oil trade from $4.08 billion to more than $10 billion within five years of its implementation.
The agreement also aims to increase total trade in services between the two countries to $630 million by 2030. Going forward, more than 80 percent of the UAE’s exports to Indonesia will be exempt from tariffs.
President Joko Widodo is due to step down this year after completing his second and final term as president.
Green Vision
The UAE and Indonesia are also united in the fight to protect the planet.
In May, it was announced that construction had begun on a new mangrove research centre in Indonesia in collaboration with the UAE.
The Mohamed bin Zayed Joko Widodo International Mangrove Research Centre will be built on 2.5 hectares of land in Bali’s Ngurah Rai Forest Park, with an investment of $10 million from the UAE.
The park is already home to more than 1,158 hectares of mangrove forest and the research centre was first announced at the COP28 climate change conference in Dubai last year.
“This project reflects the UAE’s commitment to protecting important ecosystems such as mangroves. [the country’s] “This is part of our efforts to mitigate climate change,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure, who attended the groundbreaking ceremony for the project.
“The centre will provide an ideal platform for scientists and researchers to join forces, exchange knowledge and improve our capacity to address current and future environmental challenges.”
Shared Values
The UAE and Indonesia have deep friendly relations and both countries are home to the Sheikh Zayed Grand Mosque.
The Sheikh Zayed Grand Mosque in Solo, Java, Indonesia, is named in honour of the UAE’s founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and was opened in November 2022 by President Sheikh Mohammed and Indonesian President Joko Widodo.
Though smaller than the Abu Dhabi original, it bears a striking resemblance to the architectural marvel, with its striking white-and-gold decoration, four minarets, and a central dome surrounded by four smaller minarets.
Emirates’ revised A350 delivery schedule
Edinburgh: November 4th (No change)
Bahrain: November 15 (From September 15th)Second daily operation from January 1st
Kuwait: November 15 (From September 16th)
Mumbai: January 1 (From October 27th)
Ahmedabad: January 1 (From October 27th)
Colombo: January 2 (From January 1st)
Muscat: March 1st (From December 1st)
Lyon: March 1st (From December 1st)
Bologna: March 1st (From December 1st)
Source: Emirates
Formula 4 Italian Championship 2023 Calendar
21-23 April: Imola
May 5-7: Misano
May 26-28: Spa-Francorchamps
23-25 June: Monza
July 21-23: Paul Ricard
September 29th – October 1st: Mugello
13-15 October: Vallelunga
UAE currency: the story behind the money in your pocket
Salfila
director: Sudha Kongara Prasad
starring: Akshay Kumar, Radhika Madan, Paresh Rawal
evaluation: 2/5
director: Nag Ashwin
starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobana
evaluation: ★★★★
UAE athletes headed to Paris 2024
Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzouki, Salem Al Suwaidi and Ali Al Kalbi (four elected).
judo
Men’s: Narmandakh Bayanmunkh (66kg), Nugzali Tatarashvili (81kg), Aram Grigorian (90kg), Jafar Kostoev (100kg), Magomedmar Magomedmarov (+100kg). Women’s: Kordoi Bishlert (52kg).
cycling
Safia Al Sayegh (Women’s road race).
swimming
Men’s: Yousef Rashid Al Matrooshi (100m freestyle), Women’s: Maha Abdullah Al Shehhi (200m freestyle).
Athletics
Mariam Mohammed Al Farsi (Women’s 100m).
Rebel Moon – Part 1: Fire Child
director: Zack Snyder
Performer: Sofia Boutella, Djimon Hounsou, Ed Skrein, Michiel Huisman, Charlie Hunnam
evaluation: 2/5
Company Profile
name: Hive Geo
start: 2023
Founder: Abdulaziz bin Reda, Dr. Samsrin Welch, Eva Morales, Dr. Harjit Singh
base: Cambridge and Dubai
Number of employees: 8
industry: Sustainability and the Environment
Funding: $200,000 + undisclosed grant
Investor: Venture Capital and Government
The Islamic heartland of Russia
Dominic Rubin, Oxford
Kill Bill Vol. 1
directorBy: Quentin Tarantino
Performer: Uma Thurman, David Carradine, Michael Madsen
evaluation: 4.5/5
Race Card
6.30pm: Maiden (TB) Dh82,500 (dirt) 1.600m
7.05pm: Maiden (TB) AED 82,500 (D) 2,000m
7.50pm: Handicap (TB) Dh82,500 (D) 1,600m
8.15pm: Gulf Food Sprint List (TB) 132,500 AED (D) 1,200m
8.50pm: Entisar List (TB) 132,500 dirhams (D) 2,000m
9.25pm: Condition (TB) 120,000 AED (D) 1,400m
spec
Engine: 1.5-liter turbocharged 4-cylinder
Transmission: Constant Speed Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
Available now:
Company Profile
Company Name: Clipit
start: 2022
Founder: Venkat Reddy, Mohammed Al Burki, Bilal Merchant, Asif Ahmed, Ovais Merchant
base: Dubai, United Arab Emirates
industry: Digital receipts, finance, and blockchain
Funding: $4 million
Investor: Personal/self-funded
Quiet place
starring: Lupita Nyong’o, Joseph Quinn, Djimon Hounsou
director: Michael Sarnoski
evaluation: 4/5
Road to the title
Round 1: Defeated Leoria Janjan 6-1, 6-2
Round 2: Defeats Naomi Osaka 7-6, 1-6, 7-5
Round 3: Defeated Marie Bouzkova 6-4, 6-2
Round 4: Defeated Anastasia Potapova 6-0, 6-0
Quarter finals: Defeated Marketa Vondrousova 6-0, 6-2
semifinal: Defeated Coco Gauff 6-2, 6-4
Last: Defeated Jasmine Paolini 6-2, 6-2
Company Profile
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentin Volkov
Location: Dubai, United Arab Emirates
Industries: Smart contact lenses, augmented reality/virtual reality
Funding: $40 million
Investor(s): Opportunity Venture (Asia)
kill
director: Nikhil Nagesh Bhatt
starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
evaluation: 4.5/5
Biography
Favourite holiday destination: Whenever I have free time, I go to visit my family in Cultra, Galway. It’s the only place where I can properly relax.
Favorite movie: “The Way” starring Martin Sheen, about the Camino de Santiago pilgrimage from France to Spain.
Personal motto: If something is meant for you, don’t miss it.
Biography
Ambition: To raise awareness among young people about disabilities and make the world a more inclusive place.
Job Title: Human Resources Manager, Expo 2020 Dubai
First Job: Coordinator at Magrudy Enterprises, HR Coordinator at Jumeirah Group
Entrepreneur: Starting your own graphic design business
Favorite singer: Avril Lavigne
Favorite travel destinations: Germany and Saudi Arabia
Family: Six sisters
Ain Issa Camp:
- Founded in 2016
- 13,309 people, 2,092 households, 62% children
- Of the adult population, 49% are male and 51% are female (excluding foreigners).
- Most of them are from Deir ez-Zor and Raqqa
- 950 foreigners associated with ISIS and their families
- The NGO Bluemont is in charge of managing the UN camp.
- One of nine official (UN-recognized) camps in the region
specification
engine: 3.0 liter twin turbo V6
Contagion; infection: 10-speed automatic
Power: 400 horsepower
torque: 563Nm
price: Dirham 320,000
Now on sale: now
How does Gen Alpha invest?
Mark Cherwan, co-founder and CEO of robo-advisory firm Salwa, predicts that Gen Alpha (those born between 2010 and 2024) will start investing as teenagers and take advantage of the benefits of compound interest.
“Whether it’s investing in a few clicks or schools and parents strengthening individual financial education skills, technology and education will be the main drivers to make this happen,” he added.
Chafwan said the younger generation has a higher risk-taking capacity, but some are cautious about investing because it is their first time. “Schools still don’t teach personal finance and stock market investing, so much of the learning process can feel daunting and intimidating,” he said.
He advises millennials not to necessarily start out with an aggressive portfolio, even if they can afford to take on risk: “We always advise them to gradually increase depending on their risk tolerance, so they can experience and get used to volatility. Equities are popular among the younger generation as they have a higher risk tolerance,” Chafwan says.
Highlighting the role of technology in encouraging millennials and Gen Z to invest, he said: “They’ve often been left out, but because of low account minimums… $1,000 customers are [Dh3,672] The money in their accounts is working for them just as much as the portfolios of high net worth individuals.”
