Latest news with #ThanibinAhmedAlZeyoudi
Dubai Eye
13 hours ago
- Business
- Dubai Eye
UAE, EU deepen trade ties, advance CEPA negotiations in Brussels
The UAE and the European Union have reaffirmed their commitment to strengthening bilateral relations and advancing negotiations toward a Comprehensive Economic Partnership Agreement (CEPA) during a meeting in Brussels. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, met with Maroš Šefčovič, European Commissioner for Trade, to review progress following the first round of CEPA negotiations, held in June and early July. The discussions served as a platform to assess ongoing developments and reinforce the shared objective of deepening trade, investment and economic cooperation. Both sides expressed optimism and the long-term benefits of the agreement. In 2024, non-oil trade between the UAE and the EU reached $67 billion, reflecting a 2.4 per cent increase over the previous year. The EU remains one of the UAE's most significant trade partners, accounting for 8.3 per cent of its total non-oil trade. '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,' said Dr. Al Zeyoudi. During the meeting, both parties discussed strategies to expand investment in high-growth sectors, including renewable energy and advanced manufacturing. The UAE has already developed strong partnerships with several EU member states, supported by active joint projects in solar energy and innovative technologies. As the UAE continues to diversify its economy, the CEPA programme remains a key pillar of its foreign trade agenda. A successful UAE-EU CEPA is expected to enhance market access, attract investment and support sustainable economic development across both regions.
Mid East Info
21 hours ago
- Business
- Mid East Info
HE Dr. Thani Al Zeyoudi Meets EU Trade Commissioner Maroš Šefčovič in Brussels to Strengthen Bilateral Relations
UAE-EU bilateral non-oil trade in 2024 reached US$67 billion, which represents a growth of 2.4% compared to 2023. 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 – July, 2025: 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.
Al Etihad
a day ago
- Business
- Al Etihad
UAE, EU explore ways to enhance trade, investment relations
BRUSSELS (WAM) Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, met with 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 $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. 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 Mohamed Al Sahlawi, UAE Ambassador to Belgium, the European Union and Luxembourg, and Juma Al Kait, Assistant Undersecretary at the UAE Ministry of Foreign Trade. As the UAE continues to diversify its economy, the CEPA programme 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.
Mid East Info
2 days ago
- Business
- Mid East Info
Statement by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade
Statement by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade 'Union Day' His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, affirmed that 'Union Day,' which falls on July 18th every year, is one of the most important historical milestones in the journey of the United Arab Emirates. This day marks the signing of the Union document and the Constitution, along with the announcement of the official name of the state, paving the way for its eventual establishment on December 2nd, 1971. Since then, achievements have continued across all fields under the wise leadership and the umbrella of the Union. His Excellency stated that 'Union Day' is a national occasion for all citizens to celebrate the legacy, vision, and efforts of the late founding father, Sheikh Zayed bin Sultan Al Nahyan, and his brothers, the fellow Founding Fathers. It is a day to renew our commitment to uphold the values and principles of national unity and cohesion that they instilled in us, generation after generation. His Excellency Al Zeyoudi added, 'On Union Day, we reaffirm our pledge to continue working with dedication and sincerity to serve our nation and to advance our journey of achievements in all fields. We aim to solidify the UAE's leading position among nations, in line with the ambitious visionary goals of our wise leadership, from which our country and its people continue to reap the rewards. The UAE has become a global hub for trade and business, a preferred destination for investors, talents, and the brightest minds.'
Mid East Info
7 days ago
- Business
- Mid East Info
Quest Global Joins UAE's NextGen FDI Initiative to Support Local Engineering Research and Development - Middle East Business News and Information
Engineering research company plans to open high-value engineering centers across the UAE HE Dr. Thani Al Zeyoudi: 'By enhancing our engineering ecosystem and offering bespoke services to manufacturing companies, Quest Global's cutting-edge research centers will support our industrial transformation goals, improve productivity and develop national talent.' July, 2025 – Abu Dhabi, UAE: The UAE Ministry of Foreign Trade has announced that Quest Global, a Singapore-based engineering research and development services company, will establish a presence in the United Arab Emirates through the NextGen FDI initiative – a pioneering program that seeks to attract high-impact companies from around the world through a suite of market-entry fundamentals such as rapid incorporation and fast-track issuance. Quest Global will now open a number of client-centric, high-value engineering centers (HVECs) throughout the UAE, which will offer support to businesses in sectors such as energy, defense, and advanced manufacturing. Quest Global's engineering expertise, coupled with AI and digital technologies, will help transform companies by enhancing operations, fostering innovation and optimizing supply-chains. His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, welcomed Quest Global's entry into the UAE market, which he says underlines the country's status as a platform for growth: 'The NextGen FDI initiative was created to attract forward-thinking, ambitious enterprises such as Quest Global to the UAE. By enhancing our engineering ecosystem and offering bespoke services to manufacturing companies, their cutting-edge research centers will support our industrial transformation goals, improve productivity and develop national talent. Quest Global's participation in the initiative also helps reinforce the UAE's status as an economic hub that facilitates expansion into regional and global markets.' Robert Vatter, Executive President Quest Global says that the NextGen FDI initiative opens up important opportunities for the company: 'Quest Global serves as a strategic ER&D partner to large global companies across energy, aerospace and defence, and other industries. By facilitating the establishment of high value engineering centers in the UAE, the NextGen FDI Initiative will enable us to extend this support to companies based in the UAE and the wider GCC – helping them realize their business ambitions, develop their talent and accelerate their contribution to the development a knowledge economy.' Since its launch in 2022, the NextGen FDI Initiative has enabled a range of pioneering companies establish a footprint in the UAE, helping to develop clusters of excellence in future-focused sectors such as artificial intelligence, robotics, alternative energy and storage, hybrid aviation, and precision fermentation. Together, they are supporting the UAE's transition to a knowledge- and innovation-based economy.
