Today we celebrate 45 years of diplomatic relations between Mexico and the UAE, a commemoration that comes at an unprecedented moment in the world economic scene and that raises the need to identify opportunities over and above challenges.
In February, we had the honour of hosting, at the Ministry of Economy, the “Mexico-UAE Business and Trade Forum” to explore economic opportunities that exist in our markets within the framework of a fruitful working meeting. The occasion allowed us to exchange ideas and expectations with the visiting delegation of entrepreneurs on areas with potential to strengthen our economic co-operation. We have promoted areas of mutual interest, such as attracting investment, strengthening small and medium-sized enterprises, and tightening business relations.
Economic relations between the UAE and Mexico should continue to grow, taking into account that this country is our second trading partner in the Middle East. In 2019, we recorded an increase of about 16 per cent of our total commercial exchange, compared to the previous year, in the areas of automotive, electrical components and medical instruments.
We are keen to enhance our communication and encourage the deepening of trade and investment even as we overcome our geographical distance. To achieve this, we – the government and private sectors – are working together to take advantage of the opportunities that this relationship offers. We want to extend our support particularly to SMEs to help them overcome the first obstacle they face when entering a market: the lack of information. To this end, we have developed tools such as ExportaMx, a platform that provides information on existing economic opportunities for Mexican companies based on product and country. The idea is that we advance together, through close support and based on data analysis.
The UAE continues its rapid transition towards a more flexible and open economy, showing a keenness to receive more products and investment from our country. Mexico, meanwhile, is also an open economy that expects to create a conducive and responsible environment, in order for foreign direct investment to help produce mutual benefits and support our SMEs as they integrate with the global value chain.
Our economies are prepared to continue strengthening ties, which is cause for celebration, today more than ever.
Dr Graciela Marquez is Mexico’s Minister of Economy
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Abdulla bin Touq Al Marri, UAE Minister of Economy: Both countries will overcome distance to come closer
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UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
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How to avoid crypto fraud
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Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
US PGA Championship in numbers
1 Joost Luiten produced a memorable hole in one at the par-three fourth in the first round.
2 To date, the only two players to win the PGA Championship after winning the week before are Rory McIlroy (2014 WGC-Bridgestone Invitational) and Tiger Woods (2007, WGC-Bridgestone Invitational). Hideki Matsuyama or Chris Stroud could have made it three.
3 Number of seasons without a major for McIlroy, who finished in a tie for 22nd.
4 Louis Oosthuizen has now finished second in all four of the game's major championships.
5 In the fifth hole of the final round, McIlroy holed his longest putt of the week - from 16ft 8in - for birdie.
6 For the sixth successive year, play was disrupted by bad weather with a delay of one hour and 43 minutes on Friday.
7 Seven under par (64) was the best round of the week, shot by Matsuyama and Francesco Molinari on Day 2.
8 Number of shots taken by Jason Day on the 18th hole in round three after a risky recovery shot backfired.
9 Jon Rahm's age in months the last time Phil Mickelson missed the cut in the US PGA, in 1995.
10 Jimmy Walker's opening round as defending champion was a 10-over-par 81.
11 The par-four 11th coincidentally ranked as the 11th hardest hole overall with a scoring average of 4.192.
12 Paul Casey was a combined 12 under par for his first round in this year's majors.
13 The average world ranking of the last 13 PGA winners before this week was 25. Kevin Kisner began the week ranked 25th.
14 The world ranking of Justin Thomas before his victory.
15 Of the top 15 players after 54 holes, only Oosthuizen had previously won a major.
16 The par-four 16th marks the start of Quail Hollow's so-called "Green Mile" of finishing holes, some of the toughest in golf.
17 The first round scoring average of the last 17 major champions was 67.2. Kisner and Thorbjorn Olesen shot 67 on day one at Quail Hollow.
18 For the first time in 18 majors, the eventual winner was over par after round one (Thomas shot 73).
UAE currency: the story behind the money in your pockets
