#1- UAE, Paraguay to boost economic and trade ties: International Cooperation Minister Reem bint Ebrahim Al Hashimy inked an MoU with Paraguay’s Foreign Affairs Minister Rubén Ramírez Lezcano to cooperate on transportation, including airport development and logistics, after discussing furthering bilateral relations with the Paraguay Minister, Wam reports. Al Hashimy also inked an MoU on agriculture and food security with Paraguay’s Agriculture Minister Carlos Giménez Díaz.

Al Hashimy met with Paraguay President Santiago Peña to discuss ramping up bilateral relations in sustainability, economy, and infrastructure development, according to Wam. The meeting also covered investment windows in logistics and transportation, including airports and the Bi-Oceanic Corridor agreement inked during COP28 between the UAE, Brazil, Paraguay, Argentina, and Chile.

PLUS- Al Hashimy visited Uruguay to discuss bilateral ties and review the progress of the ongoing UAE-Mercosur economic partnership agreement negotiations, following the completion of the first negotiation round in early July, Wam reports separately.

#2- The UAE signed an MoU with Indonesia to boost cooperation in public financial management, partnering on areas such as macro and fiscal policy, debt management, and climate finance, Wam reports. The agreement also establishes a joint council to ensure effective implementation and monitoring of progress.

ICYMI- Indonesian President Joko Widodo wrapped up a two-day visit to the UAE last week, where he met his Emirati counterpart Sheikh Mohamed bin Zayed Al Nahyan at Qasr Al Watan in Abu Dhabi. The two leaders signed a raft of MoUs, building on the comprehensive economic partnership inked between the two countries in 2022. The visit also saw the UAE’s Eagle Hills ink an agreement for a sizable real estate investment ticket, as well as cooperation on the banking front.

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