It was a mixed bag in the diplo sphere, with movement on trade agreements and UAE officials exploring cooperation on aid initiatives.

#1- UAE Trade Minister Thani Al Zeyoudi and Hungarian Foreign Minister Peter Szijjarto signed an economic cooperation agreement aimed at fostering enhanced trade and investment relations between both countries, and boosting cooperation between their private sectors, according to an X post by Al Zeyoudi.

ICYMI– The two ministers also inked an agreement that will see real estate developer Eagle Hills develop a Budapest neighborhood under a EUR 5 bn agreement.

#2- Foreign Minister discusses Gaza maritime corridor with Cyprus: Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan joined a virtual ministerial meeting led by the Republic of Cyprus, along with global partners and UN officials, to discuss ways to support and accelerate the UAE-backed maritime corridor piloted earlier this week to deliver humanitarian aid to Gaza,, Wam reports.

Refresher: The maritime corridor project was piloted this week with a ship carrying aid for Gaza — funded primarily by the UAE — departing from Cyprus and carrying nearly 200 tons of food. The initiative was announced by the UAE, Cyprus, the European Commission, Germany, Greece, Italy, the Netherlands, the UK, and the US earlier this month.

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