TheUAE’s FM holds bilateral meetings to boost trade: UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi held bilateral meetings with senior ministers and officials from Jordan, Egypt, Lebanon, Iraq, Uzbekistan, Sri Lanka, Congo, Malawi, Burkina Faso, Tanzania, and the African Free Trade Association, at the 12th Annual Investment Meeting, Emirati state news agency WAMreports. Al Zeyoudi explored ways to help boost trade its non-oil trade to AED 4 tn (USD 1.09 tn) by 2031, WAM adds.
UAE to help Seychelles with two infrastructure development projects: Abu Dhabi and Seychelles will form a technical team to conduct final planning works for the Seychelles International Airport, while a a technical team from AD Ports will provide a complete audit report for Port Victoria by the end of this month, Seychelles state news agency reports. The audit will include infrastructure, shipping, and trade aspects which will pave the way for the development projects later on.
GCC states have agreed to categorize all member states’ products as “local” products within member countries, according to state-owned Saudi Press Agency (SPA). The agreement came out of consultative meetings on Thursday between GCC trade ministers and heads of federations and chambers of GCC countries in Muscat, Oman. President of the Federation of Gulf and Saudi Chambers Hassan bin Mujib Al-Huwaizi praised the effort and called for more cooperation on trade and commerce between GCC countries, according to SPA.
More details on KSA + South Korea’s MoUs on transport, road development: Saudi Arabia and South Korea will cooperate on research and development, promote the adoption of clean energy technologies, align policies and legislation for self-driving vehicles, and address challenges related to the adoption of modern technologies in the transportation sector, under agreements they inked together recently, according to a more recent statement. The two sides will also work on establishing a research center and benefiting from each other’s expertise in road construction and aviation, as well as cooperate on asset management, operations, and improving road safety.
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- Qatar and Azerbaijan want to boost diplomatic ties, including in trade, joint economic forums and bilateral meetings. (The Peninsula)