Onjo Simson

  UAE president meets Turkish foreign minister Hakan Fidan in Abu Dhabi visiting UAE for official talks. During the meeting, the two sides discussed enhancing cooperation between the UAE and Türkiye in various fields as part of strategic ties and the comprehensive economic partnership that unites the two countries Sheikh Mohamed and Minister Fidan reviewed ongoing developments in the Middle East, particularly the pressing need for an immediate ceasefire in the Gaza Strip. The urgency of the need for the world to support a peaceful resolution that is fair, all-inclusive and timeless within its confines was once again evident amid the rising crises in Gaza. On Thursday, Fidan met with his counterpart Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi.Also in Abu Dhabi, the Turkish Foreign Minister met on Friday with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan.  

  The recent initiation of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Ecuador signals a significant milestone in the UAE's growing engagement with Latin America. Since the creation of the Summit of South American-Arab Countries in 2005, the UAE's involvement in the region has expanded, driven by efforts to diversify its economy and bolster international trade and investment. Trade between South America and the Arab states has seen substantial growth, with the GCC states investing significantly in Latin America. Brazil has emerged as a key trading partner, with UAE-Brazil non-oil trade alone reaching $4.3 billion in 2022. The UAE aims to establish trade hubs in the region and enhance Emirati investments in South American companies, particularly in sectors like iron ore, oil, and gold. Moreover, the UAE's engagement extends beyond economic interests to security and food security initiatives. Some South and Central American state...

  The signing of a comprehensive economic cooperation agreement between Colombia and the United Arab Emirates is an important step toward strengthening trade links internationally. Heralding the historic agreement, President Sheikh Mohammed bin Zayed emphasized how it may bring forth a new age of collaboration and reciprocal economic progress. The news, which follows closely on the heels of a comparable deal between the UAE and Costa Rica, demonstrates the Emirates' dedication to leveraging strategic relationships to increase its worldwide economic influence. The agreement, as detailed by UAE's state news agency, holds promises of substantial benefits for both nations. By slashing tariffs, removing trade barriers, and fostering investments across key sectors such as energy, tourism, and infrastructure, the pact aims to amplify bilateral trade flows. This bold step underscores a shared commitment to harnessing economic synergies and tapping into new opportunities for prosperity ...

  The United Arab Emirates (UAE) has further diversified its trade portfolio by signing a Comprehensive Economic Partnership Agreement (CEPA) with the Republic of Congo. This marks the second such agreement with an African nation in just a week, highlighting the UAE's growing economic focus on the continent. The agreement is expected to boost trade, investment, and cooperation between the two countries across various sectors. The UAE's focus on Africa presents significant opportunities for both sides. The continent boasts a rapidly growing population and a wealth of natural resources, making it an attractive market for UAE businesses. In return, African countries can benefit from the UAE's expertise in infrastructure development, logistics, and financial services. The successful negotiation of the CEPA with the Republic of Congo is a positive step forward for both countries. It is expected to generate economic growth, create jobs, and foster closer cultural ties. As the UA...

  The United Arab Emirates (UAE) and Australia are set to launch negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a significant step towards closer economic ties. This first-of-its-kind deal for Australia in the Middle East and Africa region promises to unlock new trade and investment opportunities. With bilateral non-oil trade already reaching US$4.5 billion in 2022, the potential for growth is evident. Both nations stand to benefit from streamlined access to regional markets in crucial sectors like logistics, food security, and renewable energy. Two-way investment in high-growth areas like real estate and technology is also expected to flourish. This CEPA aligns perfectly with the UAE's ambition to double non-oil foreign trade by 2031 and Australia's focus on expanding its free trade network. Early success in the UAE's CEPA program, with deals already secured with India and Indonesia, indicates a promising future for this strategic partnersh...