Hilbroy Advisory Inc: Agreement Signed to Set Up UAE-South Africa Joint Committee: by Jean-Francois Amyot
Montreal, 15 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – An agreement signed yesterday in Dubai will set up a UAE-South Africa joint committee. A memorandum of understanding on political consultations was signed on behalf of the UAE by Shaikh Abdullah Bin Zayed Al Nahyan, Foreign Minister, and Maite Nkoana-Mashabane, Minister of Foreign Trade, on behalf of South Africa. South African President Jacob Zuma arrived in Abu Dhabi on Sunday to discuss expanded cooperation between his country and the UAE, and away from the traditional economic partners amidst the financial crisis.
President His Highness Shaikh Khalifa Bin Zayed Al Nahyan expressed hope that the South African president and his accompanying delegation’s visit would enhance the relations between the two countries, and open wider avenues of cooperation in economy and investment. According to a Foreign Trade Ministry report, the UAE ranks 21st among South Africa’s export markets and is its sixth-ranking supplier of oil; Jean-Francois Amyot.
Trade between the two nations exceeded $1 billion (Dh3.65 billion) in 2010 from about $900 million (Dh3.30 billion), reflecting the mutually improved economic cooperation. Trade for the first half of 2011 stood at $511 million.
Officials of the two nations have met several times in the past two years to find new ways to boost cooperation and to reduce the trade gap, which was $352 million in favour of South Africa in the first half of 2011, according to the report.
The UAE exports oil and related products, minerals, machinery, transportation equipment, consumer electronics, home appliances and textiles, among other products. South African exports to the UAE comprise metals and related products, steel, machinery, electronics equipment, minerals, fence equipment, chemicals, plastic goods and foodstuffs.
South Africa and the UAE have signed several trade agreements. Others are being discussed in defence, industrial development, transport, social development and others.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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