Latest news with #Zeyoudi
Al Etihad
7 days ago
- Business
- Al Etihad
Thani Al Zeyoudi participates in inaugural ASEAN-GCC-China Economic Forum in Kuala Lumpur
27 May 2025 18:34 KUALA LUMPUR (WAM)The UAE, represented by Dr Thani Al Zeyoudi, UAE Minister for Foreign Trade, participated in the inaugural ASEAN-GCC-China Economic Forum in Kuala Lumpur, Zeyoudi underscored how greater collaboration across Asia can accelerate growth, drive innovation and consolidate the region's rise a global economic power. He also reaffirmed the UAE's commitment to building strong trade and investment partnerships across the world and that the future-focused nations of Asia were natural partners in these and business representatives from 17 nations gathered in the Malaysian capital to exchange views on how they work together to navigate today's complex economic and geopolitical Zeyoudi said the Forum offered the chance for attending nations to align their economic visions to achieve strong growth, "By deepening our connections and exploring avenues of mutual interest, the GCC, China and ASEAN bloc can not only maintain our own upward growth trajectories but become the driving force of the global economy. "Our foreign trade policy has been designed to bring our economy closer to the markets of Asia and together we can increase the flow of goods and services between us, support vital infrastructure projects, share knowledge, and accelerate innovation. This forum has underlined the depth of this potential – and created the platform to help the nations of our high-growth regions realise it," he UAE enjoys positive trade and investment ties with nations across Asia, including the ASEAN bloc. The UAE has concluded Comprehensive Economic Partnership Agreements (CEPAs) with Indonesia, Cambodia, Vietnam and Malaysia, helping to propel the UAE's non-oil foreign trade with ASEAN countries to $37.7 billion in 2024, a growth of 4.2% compared to 2023 and 16.8% more than in countries accounted for 4.6% of the UAE's total non-oil trade with the world in 2024, and 11.3% of the UAE's trade with non-Arab Asian countries.|The UAE also enjoys has strong trade and investment links with China. The total value of UAE–China non-oil trade reached $90.1 billion in 2024, reflecting a growth of 4% compared to 2023, and increases of 16.5% and 48% compared to 2022 and 2021, remained the UAE's top trading partner in 2024, accounting for 11% of the UAE's total non-oil trade with the Forum, held in conjunction with the inaugural ASEAN-GCC-China Summit, 2nd ASEAN-GCC Summit and 46th ASEAN Summit, brought together leaders and representatives from China, the ten Association of South East Asian Nation nations – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam - and the six Gulf Cooperation Council nations – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the these countries are home to more than two billion consumers, and account for over 20% of the world's GDP.
Muscat Daily
27-04-2025
- Business
- Muscat Daily
Oman, UAE boost bilateral trade and investment ties
Muscat – Dr Thani al Zeyoudi, UAE Minister of State for Foreign Trade, said that the increase in non-oil trade between the UAE and Oman reflects strong relations between the two nations. He said these ties help ensure both countries meet their development goals and that this trajectory contributes to economic growth. His comments came during his official visit to Muscat, where he participated in the 'Advantage Oman Forum, 2025', which aims to highlight future investment opportunities in emerging sectors. Zeyoudi noted that Oman continues to maintain its position as the UAE's second largest trading partner in the GCC, and non-oil trade between the two countries grew in 2024, to AED56.2bn, an increase of 9.8% compared to 2023, and an increase of 32.4% compared to 2020. Zeyoudi stressed that UAE-Oman relations are an example of what a strategic partnership between neighboring countries aimed at achieving prosperity and sustainable development should be. Their partnership contributes to the hopes of both their peoples and boosts development on both sides. Zeyoudi also met with H E Qais bin Mohammed al Yousef, Oman's Minister of Commerce, Industry and Investment Promotion, and a number of other senior officials, where the two sides exchanged ideas on upgrading ties between their countries. Zeyoudi also held meetings with other ministers and senior officials, to discuss ways to enhance bilateral cooperation in mutually beneficial areas. Organised by the Ministry of Commerce, Industry and Investment Promotion, the 'Advantage Oman Forum, 2025' discussed the potential of the global investment environment, the trends shaping the future of promising sectors, and the discovery of opportunities.
Al Etihad
09-04-2025
- Business
- Al Etihad
Al Zeyoudi highlights UAE's commitment to advancing global trade, investment partnerships at AIM Congress 2025
10 Apr 2025 00:30 ABU DHABI (WAM)Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted the UAE as a leading investment hub during his participation in the AIM Congress 2025, hosted in Abu Dhabi from 7th to 9th the 14th edition of the AIM Congress, Al Zeyoudi engaged in a series of high-level talks and panel discussions, exploring strategic investment opportunities and fostering partnerships with global AIM Congress 2024, under the theme 'Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure,' included more than 350 dialogue sessions, and featured 900 speakers and experts from around the world, serving as a platform for global policymakers, business leaders, and investors to convene and discuss key issues shaping the global economic landscape with the objective of creating a more prosperous and sustainable global his welcoming remarks, Al Zeyoudi said, 'The UAE will continue to champion investment as an essential catalyst of development – where investment is geared towards expanding opportunities, unlocking potential, forging new industries, and driving prosperity. Now the 16th largest source of foreign investment in the world, allocating US$22.3 billion to international projects in 2023 alone, impact investment is not the future for the UAE, but very much a policy of the present. From vital infrastructure to agriculture, from energy to education, the UAE has and will continue to use its capital to upgrade economies, drive innovation and elevate lives around the world.'Speaking on the successful track record of outbound investment from the UAE, Dr. Thani cited several key international projects, including over US$50 billion invested in renewable energy projects across six continents and up to US$7 billion on integrated food parks and cold supply chains in the congress, Al Zeyoudi participated in a Ministerial Roundtable on 'The Role of International Trade Agreements in Building Open and Inclusive Markets,' where he highlighted ways collaborative frameworks promote sustainable economic growth and effective responses to global trade Zeyoudi outlined the success of the UAE's Comprehensive Economic Partnership program, with its 27 deals already concluded, eight of which are in force, and its impact on driving export growth and facilitating strategic investment into high-priority Zeyoudi also attended the opening of the third World Local Production Forum, hosted in the UAE in partnership between the Emirates Drug Establishment and the World Health Organization (WHO).Al Zeyoudi also engaged in bilateral discussions with senior government officials, including Rustam Minnikhanov, Prime Minister of Tatarstan, and Hua Yuan, Vice Mayor of Shanghai, and trade and investment ministers from countries representing all corners of the world, including the Middle East, Africa, Asia, Europe, the Balkans and Oceania. The diversity of discussions reflects the UAE's commitment to fostering global partnerships and driving sustainable economic growth through targeted inbound and outbound investment. As AIM Congress 2025 unfolded, it reinforced Abu Dhabi's strategic role as a global investment hub, encouraging innovative approaches to tackle economic challenges. The congress demonstrated the UAE's commitment to being a beacon of opportunity and collaboration in the Middle East and beyond, leveraging technology to shape a prosperous future for the world.
Al Etihad
09-04-2025
- Business
- Al Etihad
UAE first Arab trade partner of Republic of Congo: Thani Al Zeyoudi
9 Apr 2025 10:54 ABU DHABI (WAM)Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, affirmed that the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Republic of the Congo will contribute to boosting bilateral trade between the two countries to exceed $7.2 billion by told WAM that the UAE is the first Arab trade partner of the Republic of the Congo, noting that the agreement will support the UAE's role as a major global hub for supply chains, further consolidating its position as a trade gateway connecting the Arab world, Europe, Asia and added that since the establishment of diplomatic relations, the partnership between the UAE and the Republic of the Congo has grown significantly, with the value of non-oil bilateral trade reaching $3.1 billion in 2024. This represents a growth rate of 4.2 percent compared to 2023, while the value of the UAE's non-oil exports reached $86 the sectors set to benefit from the CEPA, he said the agreement guarantees more preferential access for Emirati products to the Congolese market, with 99.5 percent of customs items subject to tariff will enhance the competitiveness of many UAE industries, notably aluminium, polyethylene, petrochemicals, heavy machinery, ceramics, glass, iron, steel, and Zeyoudi added that the CEPA represents a strategic step to strengthen cooperation between the public and private sectors, paving the way for new opportunities across a range of key service highlighted the services sector as having significant potential to enhance economic cooperation between the two countries, as it is the second-largest contributor to the Republic of the Congo's GDP, accounting for about 33 noted that the Congolese government is actively working to strengthen this sector as part of its economic diversification further emphasised that the agreement opens new horizons for reinforcing the UAE's ties with Sub-Saharan Africa, a rapidly growing region that is seeking to attract strategic investments to support sustainable development. The Republic of the Congo is among the most promising economies in the region. At the same time, he noted that, as a global hub for supply chains, the UAE will play a pivotal role in helping Congolese exporters expand their access to new international markets.
