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Showing posts with the label Economic Ties in Strategic Sectors

UAE Sends Relief Aid to Brazil After Deadly Floods

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UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call today from His Excellency Luiz Inácio Lula da Silva, President of the Federative Republic of Brazil. Over 100 people have lost their lives as relentless rains caused landslides and flash flooding across several states. Entire communities have been washed away and critical infrastructure badly damaged. It's being called one of the worst flooding disasters Brazil has seen. Mohamed wasted no time in expressing his sincere condolences to Lula and the people of Brazil. He knew the UAE had to help in any way it could. Mohamed immediately directed aid operations to start preparing emergency relief supplies to be airlifted to the affected regions. Lula was grateful for the compassion and assistance from the Emiratis. In turn he offered his sympathies over the recent death of Sheikh Hazza bin Zayed. Their talks focused on furthering cooperation between their countries. The two leaders reiterated their com...

Agreement between the UAE and Turkey to Increase Trade and Strengthen Economic Ties in Strategic Sectors

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The recent agreement signed between the United Arab Emirates (UAE ) and Turkey to increase trade between the two countries to $40 billion over the next five years is a significant step forward for both economies. The Comprehensive Economic Partnership Agreement (CEPA), signed during UAE President Sheikh Khalifa bin Zayed Al Nahyan's visit to Turkey in 2021, is expected to focus on strategic sectors such as agritech, food security, and clean energy. These sectors have been identified as key areas for cooperation and investment, and both countries stand to benefit from increased trade and collaboration. The agreement builds on the existing economic and trade relations between the UAE and Turkey, which have been growing steadily over the past few years. The UAE is Turkey's largest trading partner in the Gulf region, and the two countries have been working to deepen their economic ties through various initiatives and agreements. The UAE's $10 billion investment fund, establishe...