Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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Germany to sign LNG contracts in UAE, says German Economy Minister

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Germany

In an effort to find new partners to replace its reliance on Russian energy imports, German Chancellor Olaf Scholz is anticipated to sign LNG contracts when he travels to the United Arab Emirates on Sunday.

 "The gas selection is gradually expanding. The administration is always in contact with numerous nations, "Robert Habeck, the minister of the economy, mentioned his own March trip to Qatar and the United Arab Emirates.

Reuters was informed by sources in May that the LNG negotiations between Germany and Qatar were complicated by disagreements on crucial terms, such as the length of any deal.

 As part of its efforts to diversify away from Russian gas, German is purchasing LNG terminals.

 Habeck was speaking in the northern German town of Lubmin, where officials are hoping that a floating storage and regasification unit (FSRU) leased by the government will become operational at the latest by the end of 2023.

 Habeck said of the construction drive, "We must demonstrate that in times like these, we can plan, authorise and build faster than is generally the case in Germany." He added that LNG projects in Wilhelmshaven and Brunsbuettel were instances of this.

 The two FSRU vessels there have "a good, realistic chance" of being able to feed into the German gas network before the turn of the year, he said.

 The United Arab Emirates (UAE) and Germany have active diplomatic ties. This is demonstrated by the strategic alliance that was forged in April 2004. In order to further solidify their relationships, the two nations signed a joint declaration of purpose during Crown Prince Mohammed bin Zayed Al Nahyan's visit to Berlin in June 2019.

 Germany's top trading partner in the region is the United Arab Emirates. The UAE is Germany's second-largest market in the Near East, Middle East, and North Africa, right after Saudi Arabia. The bilateral trade was worth 7.51 billion euros in 2020. Automobiles, machinery, electrical items, chemicals, and aircraft are Germany's top exports to the United Arab Emirates. Germany mainly imports petrochemicals and aluminium

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