UAE, Kenya Seal Comprehensive Economic Partnership Deal

A UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. (Reuters)
A UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. (Reuters)
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UAE, Kenya Seal Comprehensive Economic Partnership Deal

A UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. (Reuters)
A UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. (Reuters)

The United Arab Emirates and Kenya have concluded a comprehensive economic partnership agreement (CEPA), UAE Minister of Foreign Trade Thani Al Zeyoudi said on Friday.

"We will now look to expand across sectors from food production and mining to technology and logistics," he said of the agreement.

UAE state news agency WAM quoted Kenya's trade minister Rebecca Miano as saying the deal would play an important role in enabling Kenyan exports to reach important markets in Asia and the Middle East and "in stimulating investment inflows that will further develop our national capabilities".

The CEPA will have significant positive impact on accelerating investment flows in high potential areas such as logistics, healthcare, travel and tourism, infrastructure, and ICT, and will offer a platform for SME cooperation and expansion on both sides, WAM said.



Morocco’s Tanger Med Port Handles 10.24 Mln Containers in 2024

A view of Morocco's Tanger Med Port. (AFP file)
A view of Morocco's Tanger Med Port. (AFP file)
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Morocco’s Tanger Med Port Handles 10.24 Mln Containers in 2024

A view of Morocco's Tanger Med Port. (AFP file)
A view of Morocco's Tanger Med Port. (AFP file)

Morocco's Tanger Med Port said on Wednesday it maintained its position as the Mediterranean's leading port handling 10.24 million containers, up 18.8% from a year earlier.

Reuters had reported in June that the port was expecting to exceed its nominal processing capacity of 9 million foot equivalent units (TEUs), this year.

Citing reduced waiting and maneuvering times, Tanger Med processed a total of 142 million tons of freight, up 16.2%, the port's authority told Reuters.

The number of vehicles exported through the port grew 4% to 600,872, mostly produced by Renault and Stellantis plants in the country, the port authority said.