Philippine president to make first visit to UAE

Philippines President Ferdinand Marcos Jr. arrives for an Asia-Pacific Economic Cooperation event in San Francisco, California, on Nov. 16, 2023. (AFP)
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Updated 25 November 2024
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Philippine president to make first visit to UAE

  • Marcos’ trip marks ‘significant and symbolic milestone,’ Manila envoy says
  • Philippines, UAE to sign new agreements on energy transition, artificial intelligence

Manila: Philippine President Ferdinand Marcos Jr. is set to meet his Emirati counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, in Abu Dhabi on Tuesday as he makes his inaugural trip to the Gulf nation.

The Philippines and UAE are celebrating 50 years of diplomatic relations this year, with the two countries eyeing closer cooperation across many fields to mark the occasion, including in energy transition and artificial intelligence.

The working visit will be Marcos’s first to the UAE since he took office in 2022.

“The president will personally oversee the overall state of bilateral relations between the Philippines and the UAE, and witness the signing of several agreements across a wide array of areas of cooperation, such as energy transition, artificial Intelligence, judicial agreements and culture,” Philippine Ambassador to the UAE Alfonso A. Ver told Arab News on Monday.

The one-day trip marks a “significant and symbolic milestone” in bilateral ties, he added.

“⁠Bilateral relations between the two countries have reached a historic high, and have since expanded to new and innovative forms of cooperation,” Ver said, citing collaborations in space science, agriculture and digital infrastructure as examples.

“With President Marcos’s visit, the Philippines is keen to further boost the positive, robust, and comprehensive state and trajectory of our relationship with the UAE.”

The two countries are currently negotiating a Comprehensive Economic Partnership Agreement, which has made “significant progress” as of early October, according to the Philippine Department of Trade and Industry.

Around one million Philippine nationals reside in the UAE, making it the second-largest employer of Filipino expats after Saudi Arabia.

“The president will also convey the gratitude of the Philippine government to the leaders of a nation that has tapped Filipino talent, allowing it to flourish in an environment that fosters kindness, respect, and tolerance,” the Presidential Communications Office said in a statement.

“It is expected that these productive dialogues will lead to agreements that will deepen the ties between the two countries … While the President’s visit will be short, the goodwill and opportunities it will create will be substantial, resulting in stronger Philippine-UAE relations.”


French police arrest five over crypto-linked magistrate kidnapping

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French police arrest five over crypto-linked magistrate kidnapping

LYON: French authorities have arrested five suspects after a magistrate and her mother were held captive last week for around 30 hours in a cryptocurrency ransom plot, prosecutors told AFP on Sunday.
The arrests of four men and one woman followed the discovery of the 35-year-old magistrate and her 67-year-old mother on Friday, found injured in a garage in the southeastern Drome department, the Lyon public prosecutor’s office said.
During a press conference held later on Friday, Lyon prosecutor Thierry Dran said the magistrate’s partner — who was not home when the pair were abducted overnight Wednesday to Thursday — has a leading position in a cryptocurrency start-up.
A massive police search involving 160 officers was launched after he had received a message and a photo of his partner from the kidnappers demanding a ransom to be paid in cryptocurrency.
The captors threatened to mutilate the victims if the transfer was not made quickly, Dran told reporters, declining to specify the amount demanded.
But the two women managed to free themselves and raise the alarm. They were rescued Friday morning in Bourg-les-Valence without any ransom being paid, according to the prosecutor.
French authorities have been dealing with a string of kidnappings and extortion attempts targeting the families of wealthy individuals dealing in cryptocurrencies.
In January 2025, kidnappers seized French crypto boss David Balland and his partner. Balland co-founded a crypto firm called Ledger, valued at the time at more than $1 billion.
Balland’s kidnappers cut off his finger and demanded a hefty ransom. He was freed the next day, and his girlfriend was found tied up in the boot of a car outside Paris.
In May, the father of a man who ran a Malta-based cryptocurrency company was kidnapped by four hooded men in Paris.
The victim, whose finger was also severed by the kidnappers and for whom a ransom of several million euros was demanded, was released 58 hours later in a raid by the security forces.