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
New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen's Houthis threatened to worsen the wartime disruption to global energy supplies.
In an interview with « Ici Beyrouth », Étienne Sakr - founder and leader of the Guardians of the Cedars, better known by his nom de guerre Abu Arz ("Father of the Cedars") - reaffirmed positions he says he has held for decades: peace with Israel, full normalization, and the disarmament of Hezbollah.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to global energy supplies after Saudi Arabia shut down a vital oil pipeline.
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.