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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The UAE’s foreign trade has achieved a new milestone

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Also read : UAE and Ukraine deepen relationship


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The United Arab Emirates (UAE) has emerged as a worldwide economic powerhouse, with non-oil foreign trade expected to hit a record high of Dh3.5 trillion ($953 billion) by 2023. This success is the consequence of the UAE's tireless efforts to diversify its economy and form strategic alliances around the world.

The UAE has inked Comprehensive Economic Partnership Agreements (Cepas) with numerous nations, including India, Turkey, and Indonesia, as part of efforts to reduce its reliance on hydrocarbons. These agreements have been crucial in increasing the country's trade volumes and attracting international investment.  

Also read :Collaboration of AI between the United Arab Emirates and US

Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, stressed the importance of these ties, stating that the UAE's non-oil foreign trade with Cepa partners will top Dh390.5 billion in 2023, a 24.5% increase over the previous year.

The UAE's achievement in growing its trade network demonstrates its role as a worldwide trading hub, as well as its dedication to fostering innovation and sophisticated technology. With a target of Dh4 trillion in non-oil commerce by 2031, the UAE is paving the road for long-term economic growth and prosperity, both domestically and globally.

  

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