The United Arab Emirates has completed negotiations for a bilateral trade agreement with the Republic of Congo, the second such deal announced with an African state in a week.
Thani Al Zeyoudi © ITP
The United Arab Emirates has completed negotiations for a bilateral trade agreement with the Republic of Congo, the second such deal announced with an African state in a week.
"The breadth of the UAE's trade network continues to broaden as we conclude negotiations toward a Comprehensive Economic Partnership Agreement with the Republic of Congo-Brazzaville - a thriving economy in West-Central Africa and valued trade and investment partner," Thani Al Zeyoudi, UAE trade minister posted on X, formerly Twitter.
Since 2021, the UAE has initiated a raft of bilateral trade, investment and cooperation deals on its own - called Comprehensive Economic Partnership Agreements - to bolster efforts aimed at diversifying income sources and economic sectors.
Last week, the UAE, a major global oil exporter and OPEC member, completed talks for a trade deal with Mauritius, its first with an African country.
Reporting by Jana Choukeir; writing by Rachna Uppal; editing by Miral Fahmy
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The United Arab Emirates (UAE) has approved its federal budget for the fiscal year 2026, with both revenues and expenditures estimated at 92.4 billion dirhams ($25.2 billion), signaling the country’s commitment to fiscal stability and economic resilience.
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