A rare United Arab Emirates-Iran joint economic commission will convene in Abu Dhabi from Tuesday to Wednesday, the Iranian Labour News Agency reported, as Tehran seeks to bolster economic ties with Gulf states amid mounting U.S. pressure.
After years of animosity on different sides of geopolitical rivalries, the UAE started re-engaging with Tehran in 2019 © Mena Today
A rare United Arab Emirates-Iran joint economic commission will convene in Abu Dhabi from Tuesday to Wednesday, the Iranian Labour News Agency reported, as Tehran seeks to bolster economic ties with Gulf states amid mounting U.S. pressure.
This is the first meeting in 10 years for the bilateral joint economic cooperation commission, with Iranian Minister of Roads and Urban Development Mehdi Bazrpash and Emirati Minister of Economy Abdulla Bin Touq Al Marri in attendance.
The UAE downgraded its diplomatic ties with Iran after Riyadh severed its ties with Tehran in 2016 following the storming of the Saudi embassy in the Islamic Republic by hardline protesters over Riyadh's execution of a prominent Shi'ite cleric.
After years of animosity on different sides of geopolitical rivalries, the UAE started re-engaging with Tehran in 2019.
It resulted in upgraded diplomatic ties last year between Iran and the UAE, which has business and trade ties with Tehran stretching back more than a century, with Dubai emirate long being one of Iran's main links to the outside world.
The ministers are expected to mainly discuss cooperation in international trade corridors while private sector representatives will discuss trade and investment.
Iran imported $20.8 billion of goods from the UAE in its last fiscal year ending in March 2024, making the latter Iran's top source of imports according to the country's Customs body. In the same period, the UAE was Iran's top third export destination, with $6.6 billion worth of goods exported.
Reporting by Dubai Newsroom
President Donald Trump said on Thursday the US does not need a deal with Iran and directed Vice President JD Vance, who has played a role in efforts to resolve the war, to focus "his complete and total attention" on alleged crime and corruption in Democratic-run cities and states.
The United Arab Emirates' Interior Ministry said on Thursday that 14 people were killed and 30 others injured in a traffic accident involving 18 vehicles and 5 trucks in the emirate of Fujairah, according to preliminary information.
A vessel was hit by an unidentified projectile about 14 nautical miles northwest of the UAE emirate of Ras Al-Khaimah on Wednesday, causing a fire in its engine room, British maritime agencies said in reports published on Thursday.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.