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
Chinese Premier Li Qiang’s visit to Egypt marks a major diplomatic milestone in strengthening China-Egypt ties, said Chinese Ambassador to Egypt Liu Licheng in a statement issued Wednesday.
Saudi Arabia and Indonesia signed several deals and memos of understanding worth around $27 billion between private sector institutions in several fields including clean energy and petrochemicals, the Saudi state news agency SPA reported on Wednesday.
The United Arab Emirates has welcomed the signing of the peace agreement between the Democratic Republic of the Congo (DRC) and the Republic of Rwanda, describing it as a pivotal step toward restoring peace, security, and stability across Africa.
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