The Czech Republic will work with the UAE to support the development of African countries’ energy, food security, health, and water management, after Minister of State Ahmed Ali Al Sayegh inked an MoU on Tuesday with the Czech Republic’s Deputy Minister of Foreign Affairs, Jiří Kozák.

UAE and Iraq to trade in AED: First Abu Dhabi Bank (FAB) and the Central Bank of Iraq agreed on Wednesday to finance trade and imports in Emirati dirham, according to Iraq’s state news agency. The banks also signed an agreement to move funding between their accounts, with the first transfer going through yesterday with five Iraqi banks.

Australia will initiate negotiations on a trade agreement with the UAE in 2024, Australia's Trade Minister,Don Farrell said in a ministry statement. The decision is part of Australia's strategy to broaden its export markets and reduce dependence on China. Negotiations with the UAE began after the collapse of trade talks with the European Union in October. Australia attributed the breakdown to inadequate market access for its agricultural products, Reuters reports."The Government is committed to securing a trade agreement with the UAE to drive Australian exports, economic growth and create more well-paying jobs across the country," Farrell said in the statement.

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