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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This 2024 UAE and Ecuador have taken a significant step towards deeper economic

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UAE

Also read :Egypt's MNT-Halan Expands to UAE with Innovative Salary Financing Solution

According to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade,  Ecuador will be an important addition to the UAE's  and CEPA program – with its strategic trade routes connecting South America, Asia and Europe. The deal will aim to boost non-oil trade beyond last year's $675m, up 76% on 2022, and maximise opportunities in critical sectors

Also read :UAE Raises Alarm Over Famine In Sudan, Praises UNSC’s Focus On Crisis

As the  UAE's foreign trade agenda is deepening ties with high-growth markets around the world.   

In wam reports  In 2023, non-oil bilateral trade between the UAE and Ecuador surged to $675 million, marking a remarkable 76% increase compared to 2022 and more than tripling the figures recorded in 2021. Furthermore, Dubai Ports World's substantial investment in Ecuador's Port of Posorja, valued at $1.2 billion, is a testament to the burgeoning economic ties between the two countries.

Also read :UAE's Economic Ties with Eurasia, East Africa and South America Boosted as UAE Finalizes Partnerships

Sonsoles Garcia also  mention  Minister Garcia emphasised the enduring and evolving trade ties between Ecuador and the UAE, driven by mutual interests in advancing cooperation across various economic domains.

She added that the initiation of CEPA negotiations with the UAE represents a pivotal step in expanding economic ties, with active participation from both countries' business communities, private sectors, and investors.

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