Turkish Forum

Tag: UAE

  • Russia develops long-term ties with UAE and Turkey in a highly polarized world

    Russia develops long-term ties with UAE and Turkey in a highly polarized world

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    Russia’s largest economic forum (SPIEF) held in St. Petersburg on June,14 – June, 17 has resulted in strengthening ties with the two strategic partners – the UAE and Turkey.

    UAE President Sheikh Mohamed bin Zayed Al Nahyan, while on a working visit to Russia, held a meeting with Vladimir Putin at the SPIEF.

    “I am pleased to be here today with you, your Excellency, and we wish to build on this relationship and we put our trust in you to do so,” Sheikh Mohammed told Putin.

    According to Anwar Gargash, the diplomatic adviser to the UAE president, “for the UAE, this is a “calculated risk” it is willing to take, part of the Gulf nation’s policy of de-escalation and dialogue in an increasingly polarized world”.

    “This polarization has to be broken”, – he added. “[UAE President] meets a lot of Western leaders, it is also important for him to hear from President Putin to be able also to support the international community’s collective effort, in order to go beyond the current polarization,” Gargash said.

    Meanwhile, Alexey Sazanov, Russia’s Finance Minister Deputy, said that Moscow is now seeking new opportunities to strengthen economic and trade ties with UAE, Turkey and Malaysia. Among highly debated issues is a dialogue to make double taxation agreements with these countries more flexible.

    At the beginning of 2022, the UAE Ministry of Finance announced the introduction of federal corporate income tax at a rate of 9% from June 1, 2023 for medium and large businesses. For companies with a profit that does not exceed 375,000 dirhams ($102,000) per year, the rate remains zero. The changes also did not affect charitable organizations, investment funds, state corporations and enterprises engaged in the extraction of natural resources.

    Meanwhile, Turkey received the Russia’s SPIEF delegation in Istanbul in May, 2023.

    During the meeting, SPIEF Director Alexei Valkov, Professor Ahmet Kasim Khan and IC Holding CEO Murad Bayar made presentations, discussed Russian-Turkish economic relations, strategic cooperation and investment opportunities.

    “Today, diplomatic and trade relations between Russia and Turkey reflect a long-standing friendship that persists despite the prevailing political circumstances. It is especially worth highlighting the economic potential of Russian-Turkish relations, which represents significant commercial opportunities in the market,” said Professor Ahmet Kasym Khan.

  • GMIS-2019: global industry and economy leaders meet in the industrial heart of Russia

    GMIS-2019: global industry and economy leaders meet in the industrial heart of Russia

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    The Global Manufacturing and Industrialization Summit (GMIS-2019) was held in Yekaterinburg from July, 9 through July, 11. GMIS-2019 business program included more than 40 events, business breakfasts, panels sessions on global business priorities, dialogues with global industry leaders, seminars and presentations. GMIS-2019 discussions focused on topics such as digital transformation and green technologies, smart cities, the development of low-carbon production, safety in industrial automation, robotics, and artificial intelligence.

    The GMIS opening ceremony started with the welcome speech of Badr Al–Olama, Head of the Organising Committee for GMIS who said: “Nature should continue inspiring us on our path of technological innovation and transformation in the advent of the Fourth Industrial Revolution. This will allow for clean air, water, food, and quality of life to be sustained for generations to come. We are proud to announce our second global initiative that is inspired by the President of the Russian Federation, Vladimir Putin, and his vision of using sustainable and eco-friendly solutions that are inspired by nature. We look forward to the realisation of this global vision in partnership with academia, the start-up community, and the manufacturing sector.”

    Dmitry Kozak, Deputy Chairman of the Government of the Russian Federation, said: “Synchronization of GMIS with the main industrial exhibition INNOPROM makes the 2 events an effective platform for strengthening international industrial cooperation, a unique discussion platform for the joint identification of actual problems of industrialization.”

    “Russia’s desire to develop a modern manufacturing sector using 4IR technologies makes it an ideal venue for GMIS in 2019,” said Suhail Mohammed Faraj Al Mazroui , Minister of Energy and Industry of the United Arab Emirates.According to the Director General of the United Nations Industrial Development Organization (UNIDO) Lee Yong, “the 4th Industrial revolution will affect all of us, and expert discussions on these issues at GMIS can ensure a course for sustainable development”.

    Russia’s President Vladimir Putin said: “I am convinced that ensuring clean air, water, food, and quality of life and life expectancy for billions of people requires drastically new technologies and technical devices, which are less resource-intensive but much more eco-friendly. Such uber efficient scientific engineering, manufacturing solutions will allow us to strike a proper balance between bio and techno spheres. This includes the so-called nature-inspired technologies. They imitate natural processes and systems. They follow the laws of nature. I believe that in our era of tectonic changes and uncertainty, the priority for us are the intrinsic values, the creation of better opportunities for life and development of people. This great responsibility lies with us for the future of our planet and we need to work together.”

    The summit was held at the newly-built Congress Centre. The modern design and the infrastructure of the 42,000m2 Congress Centre was mentioned by the  UNIDO head Li Yong as well as other high-profile guests. The Congress Centre accommodates conference halls, a media centre, art gallery, exhibition space, seminar rooms and lounges. It will become a major venue, presenting the widest diversity of exhibitions and events that will support the economic, industrial and cultural vitality of the city and region of Ekaterinburg.