Latest news with #ThainbinAhmedAlZeyoudi
Dubai Eye
12 hours ago
- Business
- Dubai Eye
UAE, Philippines trade talks look at strengthening investment ties
The UAE and the Philippines have held trade talks following the signing of a Comprehensive Economic Partnership Agreement (CEPA) last July, with an aim at enhance trade cooperation and investment opportunities. The meeting between the UAE delegation, led by Minister of Foreign Trade, Dr. Thain bin Ahmed Al Zeyoudi, and the Philippines Business Council in the UAE, looked at ways to build and expand partnerships between the business communities and the private sector on both sides. During the meeting, Al Zeyoudi highlighted the growing economic partnership between the two countries, with non-oil trade growing to over $257.7 million in the first half of 2025. In 2024, the total volume of non-oil trade reached approximately $940 million. The UAE is the Philippines' top export market among Arab and African countries as well as its 17th largest globally, demonstrating the strong foundation on which both nations can further expand collaboration. "The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels," Dr. Al Zeyoudi stated. With a significant Filipino diaspora residing in the UAE, working primarily in sectors such as construction, healthcare and hospitality, the meeting also aimed to explore how these communities can further contribute to mutual prosperity from the growing economic ties. The UAE-Philippines CEPA represents a significant addition to the UAE's global trade programme. The CEPA is forecast to increase the UAE's GDP by $2.4 billion and increase exports to the Philippines to $7.62 billion by 2032.
TAG 91.1
a day ago
- Business
- TAG 91.1
UAE, Philippines strengthen bilateral trade and investment ties
Minister of Foreign Trade Dr. Thain bin Ahmed Al Zeyoudi held a meeting with the Philippines Business Council in the UAE to explore expanding private sector relations between the two nations. The meeting touched on ways to build and expand partnerships between the business communities and the private sector on both sides. During the meeting, Al Zeyoudi highlighted the growing economic partnership between the UAE and the Philippines, with non-oil trade growing to over $257.7 million in the first half of 2025. In 2024, the total volume of non-oil trade reached approximately $940 million. The UAE is the Philippines' top export market among Arab and African countries as well as its 17th largest globally, demonstrating the strong foundation on which both nations can further expand collaboration. "The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels," Dr. Al Zeyoudi stated. With a significant Filipino diaspora residing in the UAE, working primarily in sectors such as construction, healthcare, and hospitality, the meeting also aimed to explore how these communities can further contribute to mutual prosperity from the growing economic ties. The meeting follows the agreement of a bilateral Comprehensive Economic Partnership Agreement (CEPA) last July, aimed at enhancing trade cooperation and investment opportunities. The Comprehensive Economic Partnership Agreement is expected to mitigate trade barriers, boost investment flows, and open new avenues for trade, investment and collaboration in key sectors including agriculture, financial services, and electrical equipment. The UAE-Philippines CEPA represents a significant addition to the UAE's global trade program. The CEPA is forecast to increase the UAE's GDP by US$2.4bn and increase exports to the Philippines to US$7.62 billion by 2032.
Al Etihad
2 days ago
- Business
- Al Etihad
UAE, Philippines strengthen bilateral trade, investment ties
13 Aug 2025 21:18 ABU DHABI (WAM) Dr. Thain bin Ahmed Al Zeyoudi, Minister of Foreign Trade, held a meeting with the Philippines Business Council in the UAE to explore expanding private sector relations between the two nations. This meeting follows the agreement of a bilateral Comprehensive Economic Partnership Agreement (CEPA) last July, aimed at enhancing trade cooperation and investment meeting touched on ways to build and expand partnerships between the business communities and the private sector on both sides. During the meeting, Al Zeyoudi highlighted the growing economic partnership between the UAE and the Philippines, noting that the total volume of non-oil trade reached approximately $940 million in has continued in 2025, with non-oil trade reaching $257.7 million in UAE is the Philippines' top export market among Arab and African countries as well as its 17th largest globally, demonstrating the strong foundation on which both nations can further expand collaboration."The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels," HE Dr. Al Zeyoudi stated. ' Our discussions today aim to explore private sector opportunities, identify areas for greater collaboration, and address any challenges faced by Philippines businesses operating in the UAE or by their Emirati counterparts operating in the Philippine market."The Philippines is one of the fastest-growing economies in the ASEAN bloc of countries and a key logistics and manufacturing 2024, the economy grew by 5.6%, the second-fastest growing economy in the ASEAN region, which the world's fourth-largest economic bloc, boasting a combined GDP of $4.13 a significant Filipino diaspora residing in the UAE, working primarily in sectors such as construction, healthcare, and hospitality, the meeting also aimed to explore how these communities can further contribute to mutual prosperity from the growing economic Comprehensive Economic Partnership Agreement, which was agreed earlier this year, is expected to mitigate trade barriers, boost investment flows, and open new avenues for trade, investment and collaboration in key sectors including agriculture, financial services, and electrical UAE-Philippines CEPA represents a significant addition to the UAE's global trade programme. The CEPA is forecast to increase the UAE's GDP by $2.4bn and increase exports to the Philippines to $7.62 billion by 2032.
