UAE, New Zealand Sign MoA on Food Security

The United Arab Emirates flag flies in front of the Jumeirah Beach Residence in Dubai. (Reuters file photo)
The United Arab Emirates flag flies in front of the Jumeirah Beach Residence in Dubai. (Reuters file photo)
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UAE, New Zealand Sign MoA on Food Security

The United Arab Emirates flag flies in front of the Jumeirah Beach Residence in Dubai. (Reuters file photo)
The United Arab Emirates flag flies in front of the Jumeirah Beach Residence in Dubai. (Reuters file photo)

The UAE Ministry of Climate Change and Environment (MOCCAE) signed a memorandum of arrangement (MoA) with New Zealand’s Ministry of Foreign Affairs and Trade to enhance collaboration in food security.

Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, and Honorable Damien O’Connor, New Zealand’s Minister of Trade and Export Growth and Minister of Agriculture, signed the MoA at the New Zealand Pavilion at Expo 2020 Dubai, state news agency WAM reported.

Speaking on the new partnership, Almheiri said: "The UAE and New Zealand enjoy robust and long-standing trade relations, with bilateral trade seeing an average annual growth of 11 percent in the past decade."

"Building on our strong ties, we are pleased to join forces with New Zealand’s Ministry of Foreign Affairs and Trade to boost food security and streamline supply chains. Under the MoA, we will share best practices and expertise based on high-tech and innovative solutions."

For his part, Honorable Damien O’Connor said: "I’m pleased to be here in the UAE and to sign an MoA on a food security partnership with Mariam bint Mohammed Almheiri. As an agricultural and innovative trading nation, this partnership recognizes our role in supplying high-quality, safe food and beverages to the UAE."

The MoA covers three areas of cooperation, including exchanging knowledge between government agencies, increasing mutual food trade, and sharing policies and best practices in the sectors.



Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
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Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday.

The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

Bank Al Maghrib was also exploring a central bank digital currency (CBDC), Reuters quoted him as saying.
"Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion," he said.