Latest news with #AlZeyoudi
Zawya
a day ago
- Business
- Zawya
HE Dr. Thani Al Zeyoudi meets EU Trade Commissioner Maroš Šefčovič in Brussels to strengthen bilateral relations
The EU is the second-largest trade partner of the UAE, accounting for 8.3% of total UAE non-oil trade in 2024. HE Al Zeyoudi: ' Our continued dialogue with the EU is essential in navigating the evolving global trade landscape. The European Union is a highly valued trade and investment partner for the UAE, with ties that continue to deepen across a range of sectors.' Brussels, Belgium – His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, met with His Excellency Maroš Šefčovič, European Commissioner for Trade, to discuss the strengthening of bilateral relations between the UAE and the European Union. The meeting in Brussels was also an opportunity to review progress on the negotiations towards a Comprehensive Economic Partnership Agreement (CEPA), following the first round of discussions held in June and early July. As UAE-EU bilateral relations continue to strengthen, the UAE-EU CEPA is anticipated to play a vital role in enhancing trade ties, fostering investment opportunities, and driving economic growth between the two parties. Both parties expressed optimism about the progress and potential benefits of the agreement. In 2024, non-oil trade between the UAE and the EU reached US$67 billion, reflecting a 2.4% growth over the previous year. The EU continues to be a significant trade partner for the UAE, accounting for 8.3% of its total non-oil trade. HE Al Zeyoudi remarked, 'Our continued dialogue with the EU is essential in navigating the evolving global trade landscape. The European Union is a highly valued trade and investment partner for the UAE, with ties that continue to deepen across a range of sectors. This growth in trade is aligned with our mutual interests and highlights the importance of collaboration in areas such as energy transition, advanced technology, and food security.' The meeting served as a platform for both parties to discuss strategies for increasing investments in high-growth sectors, including renewable energy and advanced manufacturing. The UAE has already established significant partnerships with EU nations, reinforced by ongoing projects in solar energy and innovative technologies. The UAE delegation to Brussels included His Excellency Mohamed Al Sahlawi, UAE Ambassador to Belgium, the European Union and Luxembourg, and His Excellency Juma Al Kait, Assistant Undersecretary at the UAE Ministry of Foreign Trade. As the UAE continues to diversify its economy, the CEPA program represents a strategic pillar of its foreign trade agenda. By solidifying trade relationships with key partners like the EU, the UAE aims to enhance access to global markets and stimulate sustainable economic development.
India Gazette
15-07-2025
- Business
- India Gazette
"UAE enjoys productive investment ties with every Indian state": UAE Minister of State for Foreign Trade after meeting MP CM
Dubai [UAE], July 15 (ANI): UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, emphasised the robust trade and investment relationships between the UAE and all Indian states following a meeting with Madhya Pradesh Chief Minister Mohan Yadav, who was on an official visit to the country. In a post on X, the UAE Minister of State for Foreign Trade, Al Zeyoudi, highlighted the potential for enhanced cooperation in high-value sectors during his meeting with the MP CM on Monday. 'The UAE enjoys productive trade and investment ties with every state in India. Today, I met Dr Mohan Yadav, CM Madhya Pradesh, to explore how we can strengthen cooperation in high-value sectors such as agriculture, manufacturing and logistics,' he stated in a post on X. The Madhya Pradesh CM following his meeting with Al Zeyoudi, stated that both of them discussed the investment opportunities in the state under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and I2U2 collaboration and stated that MP offers a suitable industrial base, policy support and necessary infrastructure for the UAE's investment in various sectors like textiles, pharma, smart manufacturing, renewable energy, and food processing. 'Today, on the second day of the Dubai visit, I met with the UAE Minister of State for Foreign Trade, H.E. Dr. Thani Bin Ahmed Al Zeyoudi, and held extensive discussions on the immense investment opportunities in Madhya Pradesh under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and I2U2 collaboration,' he stated in a post on X. 'Madhya Pradesh offers a suitable industrial base, policy support, and necessary infrastructure for UAE investments in sectors such as EV, textiles, pharma, smart manufacturing, renewable energy, and food processing. Additionally, there are vast opportunities for partnership in areas like mineral resources, tourism, healthcare, 'plug and play' industrial parks, and air cargo. This multidimensional collaboration based on CEPA and I2U2 will elevate India-UAE relations to new heights and prove significant in realising the vision of a 'Developed Madhya Pradesh',' he added. Notably, CM Yadav is scheduled to travel to Spain after concluding his visit to the UAE on Tuesday. Prior to his departure to Spain, Yadav will be visiting India Mart and meeting with DP World representatives. 'Madhya Pradesh Becomes the Preferred Choice for Investors in Dubai The second day of Chief Minister Dr. Mohan Yadav's Dubai visit was dedicated to one-on-one meetings with prominent industrialists. Today, on the third day of the foreign visit, the Chief Minister will meet with representatives of DP World and visit India Mart,' The MP Chief Minister's Office stated in a post on X. The visit, from July 13 to 19, aims to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities under the umbrella of 'Global Dialogue 2025.' (ANI)
Arabian Business
10-07-2025
- Business
- Arabian Business
UAE and Azerbaijan sign CEPA deal to boost $2.4bn trade ties
The UAE and Azerbaijan have signed a landmark Comprehensive Economic Partnership Agreement (CEPA) aimed at accelerating joint economic growth, diversification, and investment, marking a major milestone in the deepening strategic relationship between the two nations. The agreement was signed in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan and President Ilham Aliyev of the Republic of Azerbaijan. Sheikh Mohamed described the deal as a 'significant milestone' that reflects the shared vision of both countries to build a resilient, knowledge-based, and innovation-driven economy. UAE- Azerbaijan trade deal Signed by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and Mikayil Jabbarov, Minister of Economy of Azerbaijan, the CEPA will: Enhance investment flows across key sectors including renewable energy, tourism, logistics, and construction Strengthen private sector collaboration and global supply chains Empower SMEs and entrepreneurs to expand into new markets The United Arab Emirates is Azerbaijan's leading Arab investor, with total investments exceeding $1bn. In 2024, bilateral non-oil trade surged by 43 per cent year-on-year, reaching $2.4bn, reinforcing the country's position as one of Azerbaijan's top trading partners. The agreement is part of the UAE's ambitious CEPA programme, which aims to expand non-oil foreign trade to $1.1tn by 2031. In 2024, the UAE's non-oil trade hit a record $816bn, marking a 14.6 per cent year-on-year increase. To date, the United Arab Emirates has signed 27 CEPA agreements with global markets, giving businesses enhanced access to economies representing more than a quarter of the world's population.
Al Etihad
09-07-2025
- Business
- Al Etihad
UAE accounts for 50% of Azerbaijan's trade with Gulf states: Minister of Foreign Trade
9 July 2025 22:19 ABU DHABI (WAM)Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, stated Wednesday that Azerbaijan is a hugely valuable trade and investment partner for the UAE."Located in the increasingly influential Caucasus region, at the crossroads of Eastern Europe and Western Asia, it enjoyed a 4.1% increase in GDP in 2024, with its non-oil sector growing 6.3%. Our bilateral non-oil trade mirrors this growth, climbing 36.2% last year to reach US$2.24 billion, which represents 50% of Azerbaijan's trade with the GCC,'' Dr. Al Zeyoudi told the Emirates News Agency (WAM) after the UAE and Azerbaijan signed a Comprehensive Economic Partnership Agreement (CEPA)."The agreement is expected to contribute approximately $680 million to the UAE's GDP by 2031, in addition to supporting the Azerbaijani economy by approximately $300 million, reflecting the mutual impact of sustainable growth between the two friendly countries," Dr. Al Zeyoudi said."The signing of the CEPA between our nations is a positive forward step that promises to accelerate this momentum. By further integrating our economic visions, removing trade barriers, and facilitating private-sector collaboration, this deal will open up a wide range of opportunities, particularly in manufacturing, the automotive sector, agriculture, logistics and financial services. Trade is the heart our economic agenda and agreements with forward-looking nations such as Azerbaijan will ensure we deliver the growth and prosperity we seek,'' he emphasised that there is an ambitious plan to increase the volume of Emirati investments in a number of vital sectors, most notably energy and renewable energy, through leading national companies such as ADNOC and Masdar. The plan aims to enhance economic integration between the two countries, and develop a joint logistics infrastructure that will enable them to enter broader markets within the region and beyond.
Time of India
06-07-2025
- Business
- Time of India
UAE highlights potential of deeper trade, investment collaboration between BRICS nations
Live Events Rio de Janeiro [Brazil]: The United Arab Emirates , represented by Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has participated in the BRICS Business Forum on the sidelines of the 17th BRICS Summit in Rio de Janeiro, the Forum, Al Zeyoudi highlighted the UAE's strong relationships with BRICS nations and the community's role in driving innovation, accelerating trade and creating opportunities for cross-border investment. Al Zeyoudi also promoted closer collaboration in key sectors, including logistics, agriculture, renewable energy, technology and BRICS Business Forum gathered leaders and business representatives from the community's 10 member nations - Brazil, Russia, India, China, South Africa, Indonesia, Ethiopia, Egypt, Iran, and the UAE - to exchange views and ideas on how their public and private sectors can work together to navigate the world's current economic and geopolitical UAE's participation reflects its belief in constructive collaboration and its commitment to pursuing mutually beneficial global partnerships. The Forum resulted in the endorsement of several initiatives aimed at deepening economic cooperation as well as new private sector partnerships that will enhance trade and investment Zeyoudi said the Forum provided an important opportunity to engage with a group of like-minded nations undergoing significant economic transformations: "The BRICS community provides a compelling model for growth in the current economic climate. Each of us are seeking economic growth based on investment, innovation, entrepreneurship and trade relationships free from barriers and bureaucracy. This is how the UAE is building our next chapter of economic development, from attracting FDI and fostering new, technology-driven industries to securing free-trade deals with like-minded nations such as BRICS members India, Indonesia and are eager to maximize this relationship to the fullest extent and build upon these strong foundations in vital economic sectors including energy, logistics, technology, healthcare, and food security."Al Zeyoudi was in Brazil, joined by Saleh Ahmad Salem Alzaraim Al Suwaidi, the UAE's Ambassador to UAE and the BRICS nations have been experiencing robust trade growth. In 2024, they shared non-oil trade worth USD 243 billion, a 10.5 per cent increase on 2023. The momentum has accelerated in 2025, with non-oil trade reaching USD 68.3 billion, a year-on-year growth rate of 18.2 per cent, and 2.4 per cent more than Q4, UAE's total non-oil exports to BRICS countries grew to USD 39.4 billion in 2024, nearly double the level from 2019, while re-exports reached USD 50.5 billion. The UAE ranks 14th globally among BRICS trading partners and 5th when measuring internal trade among BRICS nations, behind China, Russia, India and BRICS community, which initially comprised of Brazil, Russia, India, China and South Africa before expanding to 10 nations this year, represents a significant portion of the global economy. It accounts for approximately 40% of the world's population and around 25 per cent of global GDP. The UAE became a member of BRICS in 2024, reflecting its strategic focus on expanding diplomatic and economic ties with markets throughout the world to further enhance its role in driving global economic growth and prosperity.
