December 23, 2022
1 min read

Kazakh envoy calls Emirati-Kazakh ties ‘a successful model’

The total flow of direct investments from the UAE to Kazakhstan totalled $2.9 billion while Kazakh direct investments in the UAE amounted to over $1 billion…reports Asian Lite News

Madiyar Menilbekov, Ambassador of Kazakhstan to the UAE, stressed that the ambitious objectives, similar aspirations and mutual respect of the UAE and Kazakhstan have strengthened their bilateral relations.

At a press conference held at the embassy’s headquarters in Abu Dhabi for the launch of a book on the 30th anniversary of the establishment of diplomatic ties between the two countries, Menilbekov said that the value of trade between the two countries until October 2022 amounted to US$592 million while exports from Kazakhstan to the UAE totalled $544.6 million, and imports were $47.4 million, according to data from the National Bank of Kazakhstan for the period between 2005 and 2021.

The total flow of direct investments from the UAE to Kazakhstan totalled $2.9 billion while Kazakh direct investments in the UAE amounted to over $1 billion, and in the first half of 2022, the total direct investment inflow from the UAE was $128.7 million, he added.

Menilbekov explained that his country’s foreign policy is diverse and will help solve several international crises and promote international cooperation.

He noted that 2023 would be a significant year for Kazakhstan, and parliamentary elections in the country will take place in the first half of the year, which will ensure political competition and pluralism.

“The world is facing a number of challenges due to current geopolitical and economic issues,” he said, stressing that the close cooperation between the two countries is important, and Kazakhstan is committed to strengthening its relations with all countries and partners.

Speaking about the launch of the book, Menilbekov said that it was written as a collaboration between the UAE National Archives and the Kazakh Embassy in Abu Dhabi. The advancing ties between the two friendly countries were established by the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan and are based on mutual respect and cooperation.

ALSO READ: Iranian, Saudi FMs hold talks at Jordan conference

Previous Story

MBS launches national strategy to boost creativity

Next Story

UAE, Canada review ties in transport sector

Latest from -Top News

Modi Meets Aussie Deputy PM in Delhi

The two leaders exchanged ideas to further strengthen the India-Australia Comprehensive Strategic Partnership Visiting Australian Deputy Prime Minister and Defence Minister Richard Marles met Prime Minister Narendra Modi in New Delhi on

Missing Indians Rescued in Iran

All three individuals, identified as Jaspal Singh, Hushanpreet Singh, and Amritpal Singh, hail from Punjab and had disappeared shortly after landing in Tehran on May 1….reports Asian Lite News The three Indian

Mujibur Rahman Stripped of Hero Status

The ordinance strips ‘Bangabandhu’ Sheikh Mujibur Rahman, Tajuddin Ahmad, Syed Nazrul Islam, and over 400 former constituent assembly members of their recognised freedom fighter status….reports Asian Lite News Bangladesh’s interim government, led

Rubio Slams China on Tiananmen Anniversary

Rubio pays tribute to Tiananmen dead, slams China’s brutal response….reports Asian Lite News U.S. Secretary of State Marco Rubio condemned China on the 36th anniversary of the Tiananmen Square massacre, honouring the
Go toTop

Don't Miss

THIS IS OUR TIME

The greatest show on earth begins in style, reports Asian

AMF forecasts 6.2% growth for UAE economy in 2025

The report added that the UAE’s economy shows strong fundamentals