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
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.
The Egyptian government has successfully completed its second sovereign sukuk issuance, valued at $1 billion, as part of its broader strategy to diversify financing tools and investor bases.
Many airline services remain disrupted in the Middle East arising from the 12-day air war between Iran and Israel that ended with a U.S.-brokered ceasefire that took hold on Tuesday.
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