UAE, Australia to boost green investments: The UAE and Australia agreed the terms of a comprehensive economic partnership agreement (CEPA) to facilitate investment in “priority sectors” including renewable energy and critical mineral supply chains, Bloomberg reports. The trade agreement is the Australian labor government's first since taking office in May 2022, and Australia’s first with a country in the MENA region, Australia’s Trade Minister Don Farrell said in a statement.

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The details: The agreement includes provisions to ramp up Abu Dhabi’s investment in Australia’s critical minerals. The mining industry will also benefit from tariff reductions on alumina exports. The CEPA is slated to take effect later this year, and is expected to boost Australian exports by AUD 678 mn (USD 458 mn) annually.

KSA + UK discuss expanding industrial and mining cooperation: KSA’s Minister of Industry and Mineral Resources Bandar Alkhorayef met with UK Secretary of State for Business and Trade Jonathan Reynolds to discuss enhancing industrial and mining cooperation, SPA reports. The discussions focused on attracting British investment to Saudi Arabia’s industrial and mining sectors to leverage the country’s rich natural resources and advanced infrastructure.

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