PHILIPPINE President Ferdinand R. Marcos, Jr. will travel to the United Arab Emirates (UAE) on Jan. 12 for a working visit centered on sustainability talks and PHILIPPINE President Ferdinand R. Marcos, Jr. will travel to the United Arab Emirates (UAE) on Jan. 12 for a working visit centered on sustainability talks and

Marcos to visit UAE on Jan. 12

PHILIPPINE President Ferdinand R. Marcos, Jr. will travel to the United Arab Emirates (UAE) on Jan. 12 for a working visit centered on sustainability talks and signing of key bilateral agreements, Malacañang said on Thursday.

Mr. Marcos is set to attend the Abu Dhabi Sustainability Week at the invitation of UAE President Sheikh Mohamed bin Zayed Al Nahyan, joining other heads of state and government to discuss global challenges on energy, water, finance, food security, and the environment.

Palace Press Officer Clarissa A. Castro said the visit will only be for a day.

On the sidelines of the forum, the Philippine President is expected to witness the signing of two major agreements between Manila and Abu Dhabi: a Comprehensive Economic Partnership Agreement (CEPA) and a memorandum of understanding on defense cooperation.

The CEPA will be the Philippines’ first free trade agreement with a Middle Eastern country, aimed at expanding market access for Philippine goods and services in the region.

The defense cooperation memorandum, meanwhile, is intended to provide a framework for collaboration with the UAE in developing defense capabilities and technologies.

“President Marcos, Jr. firmly believes that his upcoming visit to Abu Dhabi will be meaningful and beneficial for the Filipino people,” Ms. Castro told a Palace briefing in Filipino. Mr. Marcos was last in the UAE in November 2024.

The Philippines and the UAE formally established diplomatic ties on Aug. 19, 1974.

The UAE is the Philippines’ top trading partner within the Gulf Cooperation Council. In 2022, bilateral non-oil trade hit $1.85 billion, ranking the UAE as Manila’s 17th largest trading partner globally, according to the UAE Foreign ministry.

UAE officials said their investments in the Philippines are projected to double following two key agreements: the Investment Promotion and Protection Agreement, which took effect in February 2024, and the forthcoming CEPA.

Meanwhile, Executive Secretary Ralph G. Recto said Mr. Marcos won’t attend the World Economic Forum on Jan. 19-23 in Davos, Switzerland as he focuses on “lots of work domestically.”

The country will be represented by the Philippine Ambassador to Switzerland Bernard Faustino M. Dy and Philippine Ambassador to the World Trade Organization in Geneva Manuel Antonio J. Teehankee. — Chloe Mari A. Hufana

Market Opportunity
ArchLoot Logo
ArchLoot Price(AL)
$0.0114
$0.0114$0.0114
-2.56%
USD
ArchLoot (AL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Faraday Future to Invest $41 Million in Qualigen via PIPE for Cryptocurrency Business

Faraday Future to Invest $41 Million in Qualigen via PIPE for Cryptocurrency Business

PANews reported on September 20th that Faraday Future announced a strategic investment of $41 million in Qualigen Therapeutics, Inc. (NASDAQ: QLGN) through a private equity (PIPE) transaction, with the intention of launching cryptocurrency and Web3-related businesses. Following the completion of the necessary shareholder approval process, QLGN is expected to change its name to CXC10 and focus on its three growth engines: cryptocurrency and Web3 ecosystem development. The PIPE financing round was led by Faraday Future and its founder and global co-CEO, Jia Yueting, with participation from blockchain technology company SIGN Foundation. FF President Wang Jianjun also participated in the round. Faraday Future has agreed to invest approximately $30 million in QLGN at an effective price of $2.246 per share, subject to closing conditions, representing approximately 55% of QLGN's outstanding common stock. In addition, Jia Yueting plans to personally invest approximately $4 million, representing approximately 7% of QLGN's common stock. Jia Yueting has also agreed to a voluntary two-year lock-up period on his personal investment. Upon completion of the transaction, Jia Yueting will serve as QLGN's Chief Advisor, Wang Jianjun will be appointed Co-CEO of QLGN, and FF CFO Koti Meka will be appointed CFO.
Share
PANews2025/09/20 09:13
UK Crypto Licensing: Critical New Mandatory Authorization System Begins This September

UK Crypto Licensing: Critical New Mandatory Authorization System Begins This September

BitcoinWorld UK Crypto Licensing: Critical New Mandatory Authorization System Begins This September LONDON, UK — September 2025 marks a pivotal moment for cryptocurrency
Share
bitcoinworld2026/01/09 17:40
SEC Clears the Way for Spot Crypto ETFs with New Generic Rules

SEC Clears the Way for Spot Crypto ETFs with New Generic Rules

The post SEC Clears the Way for Spot Crypto ETFs with New Generic Rules appeared first on Coinpedia Fintech News The U.S. SEC has approved new listing standards that simplify the process for launching spot crypto ETFs under the ’33 Act. Cryptocurrencies with listed futures on Coinbase, currently about 12 to 15 coins, will now qualify automatically, removing the need for separate case-by-case approvals. This change streamlines regulatory procedures, cutting delays and hurdles, while opening …
Share
CoinPedia2025/09/18 14:35