ABU DHABI// The Foreign Minister Sheikh Abdullah has praised bilateral ties between the UAE and Mexico following a meeting with his Mexican counterpart, Jose Antonio Meade.
Sheikh Abdullah expressed his pleasure at the growing relationship since the establishment of diplomatic ties between the two countries.
“There is no doubt that in recent years our relations have developed,” Sheikh Abdullah said, after taking part in a meeting with Mr Meade and his accompanying delegation.
Sunday’s visit was the first official meeting between the countries since the establishment of diplomatic relations in 1975, the state news agency Wam reported.
“Many important agreements have been signed, including those on the avoidance of double taxation, on air transport and on the mutual exemption of visas for holders of diplomatic and special passports.
“We are happy that there are several thousand Mexican citizens living here in their second homeland,” Sheikh Abdullah said.
Relations between the countries are set to develop over the coming weeks and years, with the UAE preparing to welcome Enrique Pena Nieto, the Mexican president, early next year.
Similarly, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has plans to visit Mexico, said Sheikh Abdullah.
“We are in the final stages of reaching an agreement on the reciprocal protection of investment, which will provide good support for and will enhance the commercial exchange between our two countries.
“I am so pleased that we have had a chance during our talks to discuss the issues that concern both of our countries, in both of our regions.
“We also took the opportunity to discuss opportunities to strengthen our bilateral co-operation, particularly in the fields of science, food and energy.”
The Mexican foreign secretary expressed his gratitude to Sheikh Abdullah for his hospitality.
jbell@thenational.ae
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The specs
Engine: 2.2-litre, turbodiesel
Transmission: 6-speed auto
Power: 160hp
Torque: 385Nm
Price: Dh116,900
On sale: now
Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
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Brief scoreline
Switzerland 0
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Result: England win 6-5 on penalties
Man of the Match: Trent Alexander-Arnold (England)