United Arab Emirates
The Biden administration said on Friday it has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for supporting Russia's war effort in Ukraine.
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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