Latest news with #ForeignTrade
Zawya
an hour ago
- Business
- Zawya
HE Dr. Thani Al Zeyoudi meets EU Trade Commissioner Maroš Šefčovič in Brussels to strengthen bilateral relations
The EU is the second-largest trade partner of the UAE, accounting for 8.3% of total UAE non-oil trade in 2024. HE Al Zeyoudi: ' Our continued dialogue with the EU is essential in navigating the evolving global trade landscape. The European Union is a highly valued trade and investment partner for the UAE, with ties that continue to deepen across a range of sectors.' Brussels, Belgium – His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, met with His Excellency Maroš Šefčovič, European Commissioner for Trade, to discuss the strengthening of bilateral relations between the UAE and the European Union. The meeting in Brussels was also an opportunity to review progress on the negotiations towards a Comprehensive Economic Partnership Agreement (CEPA), following the first round of discussions held in June and early July. As UAE-EU bilateral relations continue to strengthen, the UAE-EU CEPA is anticipated to play a vital role in enhancing trade ties, fostering investment opportunities, and driving economic growth between the two parties. Both parties expressed optimism about the progress and potential benefits of the agreement. In 2024, non-oil trade between the UAE and the EU reached US$67 billion, reflecting a 2.4% growth over the previous year. The EU continues to be a significant trade partner for the UAE, accounting for 8.3% of its total non-oil trade. HE Al Zeyoudi remarked, 'Our continued dialogue with the EU is essential in navigating the evolving global trade landscape. The European Union is a highly valued trade and investment partner for the UAE, with ties that continue to deepen across a range of sectors. This growth in trade is aligned with our mutual interests and highlights the importance of collaboration in areas such as energy transition, advanced technology, and food security.' The meeting served as a platform for both parties to discuss strategies for increasing investments in high-growth sectors, including renewable energy and advanced manufacturing. The UAE has already established significant partnerships with EU nations, reinforced by ongoing projects in solar energy and innovative technologies. The UAE delegation to Brussels included His Excellency Mohamed Al Sahlawi, UAE Ambassador to Belgium, the European Union and Luxembourg, and His Excellency Juma Al Kait, Assistant Undersecretary at the UAE Ministry of Foreign Trade. As the UAE continues to diversify its economy, the CEPA program represents a strategic pillar of its foreign trade agenda. By solidifying trade relationships with key partners like the EU, the UAE aims to enhance access to global markets and stimulate sustainable economic development.
Gulf Today
5 days ago
- Business
- Gulf Today
UAE President Sheikh Mohamed receives red carpet reception in Hungary
UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan arrived on Friday at the Hungarian Parliament Building in Budapest as part of his official visit to Hungary. His Highness was welcomed upon arrival by Hungarian President Tamás Sulyok. An official reception ceremony was held for His Highness in Kossuth Lajos Square, in front of the Parliament Building, where the UAE President's motorcade was escorted by a procession of riders on horseback. Following performances of the national anthems of the UAE and Hungary, His Highness inspected the guard of honour and was greeted by senior Hungarian ministers and officials. The Hungarian President then greeted members of the delegation accompanying His Highness. Earlier, Sheikh Mohamed and Viktor Orbán, Prime Minister of Hungary, witnessed the exchange of several agreements and memoranda of understanding (MoUs) between the two countries, aimed at expanding avenues of cooperation across a range of development sectors. The exchange took place as part of His Highness' official visit to Hungary. Sheikh Mohamed with Viktor Orbán in Budapest. WAM The agreements and MoUs announced and exchanged by both sides cover various fields, including cooperation in data centres and artificial intelligence projects, green and renewable energy, food and agriculture, family and youth policy, government development and modernisation, energy storage systems, and defence cooperation, among others. The exchange ceremony was held at the Prime Minister's Office in the Hungarian capital, Budapest. Representing the UAE were Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; Dr Thani Bin Ahmed Al Zeyoudi, Minister of Foreign Trade; Sana Bint Mohammed Suhail, Minister of Family; Maryam Bint Ahmed Al Hammadi, Minister of State and Secretary General of the UAE Cabinet; Faisal Al Bannai, Chairman of the Board of Directors, EDGE Group; Khaldoon Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer, Mubadala Investment Company; and Mohamed Ali Alabbar, Chairman, Eagle Hills Properties. The agreements were exchanged on the Hungarian side by the relevant ministers and officials. His Highness was accompanied by a delegation that included Sheikh Hamdan Bin Mohamed Bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Zayed Bin Mohamed Bin Zayed Al Nahyan; Ali Bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; Dr Thani Bin Ahmed Al Zeyoudi, Minister of Foreign Trade; Sana Bint Mohammed Suhail, Minister of Family; Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State; Maryam Bint Ahmed Al Hammadi, Minister of State and Secretary General of the UAE Cabinet; Dr Ahmed Mubarak Ali Al Mazrouei, Chairman of the President's Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office; Lana Zaki Nusseibeh, Assistant of Minister of Foreign Affairs for Political Affairs; Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority; Saud Al Shamsi, UAE Ambassador to Hungary, and a number of senior officials. WAM
Al Etihad
5 days ago
- Business
- Al Etihad
UAE President, Hungarian Prime Minister witness exchange of agreements, MoUs to strengthen bilateral cooperation
18 July 2025 01:02 BUDAPEST (WAM) UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Viktor Orbán, Prime Minister of Hungary, on Thursday witnessed the exchange of several agreements and memoranda of understanding between the two countries, aimed at expanding avenues of cooperation across a range of development sectors. The exchange took place as part of His Highness' official visit to agreements and MoUs announced and exchanged by both sides cover various fields, including cooperation in data centres and artificial intelligence projects, green and renewable energy, food and agriculture, family and youth policy, government development and modernisation, energy storage systems, and defence cooperation, among exchange ceremony was held at the Prime Minister's Office in the Hungarian capital, Budapest. Representing the UAE were His Excellency Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade; Her Excellency Sana bint Mohammed Suhail, Minister of Family; Her Excellency Maryam bint Ahmed Al Hammadi, Minister of State and Secretary General of the UAE Cabinet; His Excellency Faisal Al Bannai, Chairman of the Board of Directors, EDGE Group; His Excellency Khaldoon Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer, Mubadala Investment Company; and His Excellency Mohamed Ali Alabbar, Chairman, Eagle Hills Properties. The agreements were exchanged on the Hungarian side by the relevant ministers and officials.
Mid East Info
6 days ago
- Business
- Mid East Info
Quest Global Joins UAE's NextGen FDI Initiative to Support Local Engineering Research and Development - Middle East Business News and Information
Engineering research company plans to open high-value engineering centers across the UAE HE Dr. Thani Al Zeyoudi: 'By enhancing our engineering ecosystem and offering bespoke services to manufacturing companies, Quest Global's cutting-edge research centers will support our industrial transformation goals, improve productivity and develop national talent.' July, 2025 – Abu Dhabi, UAE: The UAE Ministry of Foreign Trade has announced that Quest Global, a Singapore-based engineering research and development services company, will establish a presence in the United Arab Emirates through the NextGen FDI initiative – a pioneering program that seeks to attract high-impact companies from around the world through a suite of market-entry fundamentals such as rapid incorporation and fast-track issuance. Quest Global will now open a number of client-centric, high-value engineering centers (HVECs) throughout the UAE, which will offer support to businesses in sectors such as energy, defense, and advanced manufacturing. Quest Global's engineering expertise, coupled with AI and digital technologies, will help transform companies by enhancing operations, fostering innovation and optimizing supply-chains. His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, welcomed Quest Global's entry into the UAE market, which he says underlines the country's status as a platform for growth: 'The NextGen FDI initiative was created to attract forward-thinking, ambitious enterprises such as Quest Global to the UAE. By enhancing our engineering ecosystem and offering bespoke services to manufacturing companies, their cutting-edge research centers will support our industrial transformation goals, improve productivity and develop national talent. Quest Global's participation in the initiative also helps reinforce the UAE's status as an economic hub that facilitates expansion into regional and global markets.' Robert Vatter, Executive President Quest Global says that the NextGen FDI initiative opens up important opportunities for the company: 'Quest Global serves as a strategic ER&D partner to large global companies across energy, aerospace and defence, and other industries. By facilitating the establishment of high value engineering centers in the UAE, the NextGen FDI Initiative will enable us to extend this support to companies based in the UAE and the wider GCC – helping them realize their business ambitions, develop their talent and accelerate their contribution to the development a knowledge economy.' Since its launch in 2022, the NextGen FDI Initiative has enabled a range of pioneering companies establish a footprint in the UAE, helping to develop clusters of excellence in future-focused sectors such as artificial intelligence, robotics, alternative energy and storage, hybrid aviation, and precision fermentation. Together, they are supporting the UAE's transition to a knowledge- and innovation-based economy.
Sharjah 24
11-07-2025
- Business
- Sharjah 24
UAE President receives written message from President of Chad
The message was received by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, during his meeting with Tahir Hamid Nguilin, Minister of Finance, Budget, Economy, Planning and International Cooperation of Chad, at Qasr Al Watan in Abu Dhabi. During the meeting, H.H. Sheikh Mansour and the Chadian minister discussed avenues of cooperation between the UAE and Chad and explored ways to develop them across various sectors in support of mutual interests and sustainable development in both countries. The two sides also exchanged views on a number of regional and international issues of common interest. The meeting was attended by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; and several other officials.
