UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan recently paid a visit to His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, at his residence in Abu Dhabi. This meeting highlights the strong ties and ongoing collaboration between the UAE and Bahrain.
Cordial discussions emphasizing fraternal ties
During the meeting, His Highness and His Majesty, along with the attendees, engaged in warm discussions that reflected the deep-rooted fraternal bonds between the UAE and Bahrain and their peoples. They reaffirmed their shared commitment to enhancing cooperation across all sectors to support development priorities and ensure sustainable prosperity for both nations and their citizens.
Notable attendees at the meeting
The meeting was attended by H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, deputy chairman of the Presidential Court for Special Affairs; Sheikh Mohamed bin Hamad bin Tahnoon Al Nahyan, advisor to the UAE President; Faisal Abdulaziz Al Bannai, advisor to the UAE President for Strategic Research and Advanced Technology Affairs, along with several Sheikhs and officials from both sides.
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Flourishing economic ties
On the economic front, the UAE and Bahrain continue to strengthen their bilateral relations. Non-oil trade between the two countries reached AED15.3 billion ($4.16 billion) during the first half of 2024, marking a 26 percent increase compared to the same period in 2023. Moreover, the robust economic connections between the UAE and Bahrain, which encompass various agreements and memoranda of understanding, have played a crucial role in driving significant growth in bilateral trade.
Foreign direct investment contributions
In 2023, the UAE accounted for 10 percent of Bahrain’s foreign direct investment (FDI) stocks, securing third place. According to the Bahrain Economic Development Board (Bahrain EDB), Bahrain achieved a record $6.8 billion in FDI inflows in 2023, underscoring the importance of the UAE and Bahrain partnership in fostering economic development.
