Latest news with #DrThaniAlZeyoudi
Emirates 24/7
10-07-2025
- Business
- Emirates 24/7
UAE, Azerbaijan Presidents witness signing of Comprehensive Economic Partnership Agreement
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two countries, aimed at driving joint economic growth, diversification, and prosperity as part of the strategic relationship between the UAE and Azerbaijan. His Highness Sheikh Mohamed bin Zayed Al Nahyan stated that the CEPA reflects the UAE's commitment to building global development partnerships that contribute to sustainable growth, promote peace and stability, and create opportunities for coming generations. His Highness described the agreement as a significant milestone in UAE-Azerbaijan relations, underscoring the two nations' shared aspirations to build a resilient, knowledge-based, and innovation-driven economy that meets future demands. The agreement was signed by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and His Excellency Mikayil Jabbarov, Minister of Economy of Azerbaijan. The agreement aims to boost investment flows and unlock opportunities in vital sectors, including renewable energy, tourism, logistics, and construction services. It is also expected to enhance private sector collaboration, strengthen supply chains, and empower entrepreneurs and small and medium enterprises to expand their operations globally. The UAE-Azerbaijan CEPA represents a significant addition to the UAE's global trade programme, building on years of close cooperation between the two nations, with bilateral non-oil trade increasing 43% year-on-year to reach USD 2.4 billion in 2024. The UAE is a key trading partner of Azerbaijan and also the leading Arab investor in Azerbaijan, with investments exceeding USD 1 billion. The CEPA programme is an important pillar of the UAE's foreign trade agenda, which aims to increase non-oil foreign trade to USD 1.1 trillion by 2031. In 2024, the programme contributed to the UAE's record non-oil trade of USD 816 billion, marking a 14.6% year-on-year increase. With 27 agreements concluded, the CEPA programme reflects the UAE's commitment to open, rules-based trade to drive economic growth and diversify its economy, expanding opportunities for UAE businesses by enhancing access to high-growth markets around the world that represent over a quarter of the world's population. Follow Emirates 24|7 on Google News.
Zawya
10-07-2025
- Business
- Zawya
UAE accounts for 50% of Azerbaijan's trade with Gulf states
ABU DHABI: Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, stated that 'Azerbaijan is a hugely valuable trade and investment partner for the UAE. Located in the increasingly influential Caucasus region, at the crossroads of Eastern Europe and Western Asia, it enjoyed a 4.1% increase in GDP in 2024, with its non-oil sector growing 6.3%. Our bilateral non-oil trade mirrors this growth, climbing 36.2% last year to reach US$2.24 billion, which represents 50% of Azerbaijan's trade with the GCC,'' Dr Al Zeyoudi told the Emirates News Agency (WAM) after the UAE and Azerbaijan signed a Comprehensive Economic Partnership Agreement (CEPA) today. ''The agreement is expected to contribute approximately $680 million to the UAE's GDP by 2031, in addition to supporting the Azerbaijani economy by approximately $300 million, reflecting the mutual impact of sustainable growth between the two friendly countries.'' ''The signing of the CEPA between our nations is a positive forward step that promises to accelerate this momentum. By further integrating our economic visions, removing trade barriers, and facilitating private-sector collaboration, this deal will open up a wide range of opportunities, particularly in manufacturing, the automotive sector, agriculture, logistics and financial services. Trade is the heart our economic agenda and agreements with forward-looking nations such as Azerbaijan will ensure we deliver the growth and prosperity we seek,'' he added. He emphasised that there is an ambitious plan to increase the volume of Emirati investments in a number of vital sectors, most notably energy and renewable energy, through leading national companies such as ADNOC and Masdar. The plan aims to enhance economic integration between the two countries and develop a joint logistics infrastructure that will enable them to enter broader markets within the region and beyond.
Gulf Business
21-06-2025
- Business
- Gulf Business
Significant reforms: Changes announced in the UAE government
Image credit: Dubai Media Office/Website Following consultations and the approval of UAE President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, announced today several changes to the UAE government. Read- Sheikh Mohammed bin Rashid stated: 'Following consultations with my brother, the President, and with his approval, we announce today the following changes to the UAE government: the establishment of a Ministry of Foreign Trade and the appointment of Dr Thani Al Zeyoudi as Minister of Foreign Trade, as well as the renaming of the Ministry of Economy to the Ministry of Economy and Tourism, led by Abdullah bin Touq Al Marri.' He added: 'We also announce that the National Artificial Intelligence System will be adopted as an advisory member of the Council of Ministers, the Ministerial Development Council, and all boards of federal entities and government companies starting in January 2026. It will support decision-making, conduct real-time analyses, offer technical advice, and enhance the efficiency of government policies across all sectors.' Sheikh Mohammed bin Rashid concluded: 'The world is undergoing a comprehensive transformation—scientifically, economically, and socially. Our goal is to prepare today for the coming decades. Our aim is to ensure continued prosperity and a dignified life for future generations.'
Zawya
20-06-2025
- Business
- Zawya
Mohammed bin Rashid announces changes to the UAE government
United Arab Emirates: Following consultations and approval of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, announced today changes to the UAE government. His Highness Sheikh Mohammed bin Rashid Al Maktoum said: 'Following consultations with my brother, His Highness the President, and with his approval, we announce today changes to the UAE government as follows: establishment of a Ministry of Foreign Trade in the UAE government and appointment of Dr. Thani Al Zeyoudi as Minister of Foreign Trade, and renaming the Ministry of Economy to Ministry of Economy and Tourism led by Abdullah bin Touq Al Marri.' His Highness added: 'We also announce that the National Artificial Intelligence System will be adopted as an advisory member in the Council of Ministers, the Ministerial Development Council, and all boards of federal entities and government companies starting from January 2026 to support decision-making in these councils, conduct real-time analyses of their decisions, provide technical advice, and enhance the efficiency of government policies adopted by these councils across all sectors.' His Highness Sheikh Mohammed bin Rashid Al Maktoum said: "The world is undergoing a comprehensive transformation phase… scientifically... economically... and socially... our goal is to prepare today for the coming decades... our goal is to ensure continued prosperity and dignified life for future generations."
Arabian Business
20-06-2025
- Business
- Arabian Business
UAE announces major government changes
The UAE has announced major government changes, including the introduction of a new ministry. Following consultations and approval of President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, announced the changes to the UAE government. A new Ministry of Foreign trade will be established and the Ministry of Economy will be renamed as part of the update. UAE Government changes Sheikh Mohammed bin Rashid said: 'Following consultations with my brother, His Highness the President, and with his approval, we announce today changes to the UAE government as follows: Establishment of a Ministry of Foreign Trade in the UAE government and appointment of Dr. Thani Al Zeyoudi as Minister of Foreign Trade Renaming the Ministry of Economy to Ministry of Economy and Tourism led by Abdullah bin Touq Al Marri 'We also announce that the National Artificial Intelligence System will be adopted as an advisory member in the Council of Ministers, the Ministerial Development Council, and all boards of federal entities and government companies starting from January 2026 to support decision-making in these councils, conduct real-time analyses of their decisions, provide technical advice, and enhance the efficiency of government policies adopted by these councils across all sectors'. Sheikh Mohammed bin Rashid added: 'The world is undergoing a comprehensive transformation phase… scientifically… economically… and socially… our goal is to prepare today for the coming decades… our goal is to ensure continued prosperity and dignified life for future generations.' الإخوة والأخوات .. بعد التشاور مع أخي رئيس الدولة حفظه الله واعتماده .. نعلن اليوم عن بعض التغييرات في حكومة دولة الإمارات كالتالي : إنشاء وزارة للتجارة الخارجية في حكومة الإمارات وتعيين الدكتور ثاني الزيودي وزيراً للتجارة الخارجية، وتغيير اسم وزارة الاقتصاد لتكون وزارة… — HH Sheikh Mohammed (@HHShkMohd) June 20, 2025
