عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

UAE, Morocco to Expand Economic Partnership through New Strategies

The Emirati and Moroccan delegations meet on Saturday. (WAM)
The Emirati and Moroccan delegations meet on Saturday. (WAM)
    Abu Dhabi, Rabat - Asharq Al-Awsat
TT
TT

UAE, Morocco to Expand Economic Partnership through New Strategies

The Emirati and Moroccan delegations meet on Saturday. (WAM)
The Emirati and Moroccan delegations meet on Saturday. (WAM)

The United Arab Emirates and Morocco are keen on expanding commercial and economic ties, particularly in the future economy sectors, and taking advantage of Morocco's strategic location.

UAE Minister of Economy Abdulla bin Touq Al Marri noted that cooperation between the two countries had made progress recently.

Bin Touq led a delegation to Rabat and Tangier. He made his remarks during meetings with Moroccan government ministers.

He said he looked forward to expanding economic and trade partnerships with Morocco during his visit, as well as exploiting the unique economic benefits enjoyed by the economies of both countries to open up new opportunities for strategic cooperation.

Among the areas of cooperation are the future economy, particularly renewable energy, technology, food security, agricultural technology.

He added that the UAE was keen on taking advantage of Morocco's strategic location in Africa and close to Europe so that products and goods from the Emirates could reach Europe.

Morocco's Economy and Finance Minister Nadia Fattah Al-Alawi stressed the importance of the bilateral ties binding both countries and the common desire to work towards strengthening them.

Additionally, bin Touq met with Morocco's Minister of Industry and Trade, Riad Mazour.

“We hope to extend the umbrella of joint cooperation with the Kingdom of Morocco in all strategic sectors and find practical mechanisms to translate that close partnership into fostering the growth of the economies of the two countries,” bin Touq stated.

For his part, Mazour said that there are great opportunities to strengthen trade between the two countries and diversify them by focusing on sectors of mutual interest that serve both economies.

Through cooperation agreements and memoranda of understanding signed, the two sides agreed to bolster mutual investment flows, boost trade exchanges, and expand economic partnerships in the coming period.

The UAE's non-oil exports jumped by 44 percent in 2021 compared to year 2020. They also represent a hike of 20 percent compared to 2019 with trade totaling 3.1 million dirhams ($843 million).

Most Viewed

 
 
Gulf

GCC Commits to Peace and Good Neighborliness, Says Security of Gulf States Is ‘Indivisible’

Heads of delegations are seen at the 167th Ministerial Council of the Gulf Cooperation Council (GCC) in Manama on Wednesday. (GCC)
Heads of delegations are seen at the 167th Ministerial Council of the Gulf Cooperation Council (GCC) in Manama on Wednesday. (GCC)
TT
TT

GCC Commits to Peace and Good Neighborliness, Says Security of Gulf States Is ‘Indivisible’

Heads of delegations are seen at the 167th Ministerial Council of the Gulf Cooperation Council (GCC) in Manama on Wednesday. (GCC)
Heads of delegations are seen at the 167th Ministerial Council of the Gulf Cooperation Council (GCC) in Manama on Wednesday. (GCC)

The 167th Ministerial Council of the Gulf Cooperation Council (GCC) condemned on Wednesday the latest Iranian attacks against Bahrain, Kuwait and Jordan as “flagrant violations against their sovereignty and security of their people.”

Meeting in Manama, the council slammed the attacks as violations of international law, United Nations Charter and values of good neighborliness.

“These hostile acts do not serve any understanding or rapprochement, but rather distance peoples from one another, undermine the foundations of trust, sow discord and close the doors of dialogue to which the GCC states have always called for,” it said in a statement.

“Aggression does not build relations, and intimidation does not create stability,” it stressed, while expressing its full solidarity with Bahrain, Kuwait and Jordan.

“The security of the GCC states is indivisible, and that any attack against one of them is an attack against them all,” it went on to say.

The council reassured the citizens of its states and residents on their territories that the joint defense capabilities and air defense systems are confronting these attacks with high efficiency and readiness, and that the leaderships of the GCC states are moving forward in safeguarding the security and stability of the region.

“These attacks will only increase the cohesion, determination and resolve of the peoples of the GCC states to resist and confront them,” continued the statement.

Moreover, it underscored the right of GCC states to defend themselves “individually and collectively, and to respond to this aggression by all legitimate means, in accordance with Article 51 of the Charter of the United Nations, which guarantees the inherent right of states to defend themselves if an armed attack occurs against them.”

“The council holds Iran fully responsible for these acts and their grave repercussions on the security of the region, international navigation and energy supplies, and demands their immediate cessation and a complete end to any targeting of the GCC states, their interests and their citizens,” urged the statement.

The council called upon the Security Council and the international community to assume their responsibilities in condemning this aggression and holding its perpetrators accountable, in a manner that ensures respect for the sovereignty of states and the preservation of regional and international peace and security.

The council, while renewing the GCC states’ commitment to the option of peace, good neighborliness and diplomatic solutions as a means of settling disputes, posed “a fundamental question to the aggressor: How can future relations be built amid the continuation of these attacks and the insistence on pursuing them?”

“Persistence in the path of aggression will only lead to further isolation, while the door to understanding remains open to those who choose the language of wisdom and good neighborliness,” it added.

Gulf

Saudi Foreign Ministry: Saudi Arabia Condemns Blatant Iranian Attacks Against Bahrain, Kuwait and Jordan

Saudi Foreign Ministry: Saudi Arabia Condemns Blatant Iranian Attacks Against Bahrain, Kuwait and Jordan
TT
TT

Saudi Foreign Ministry: Saudi Arabia Condemns Blatant Iranian Attacks Against Bahrain, Kuwait and Jordan

Saudi Foreign Ministry: Saudi Arabia Condemns Blatant Iranian Attacks Against Bahrain, Kuwait and Jordan

The Saudi Ministry of Foreign Affairs expressed the Kingdom of Saudi Arabia’s strong condemnation and denunciation of the blatant Iranian attacks and flagrant violations of the sovereignty of the Kingdom of Bahrain, the State of Kuwait, and the Hashemite Kingdom of Jordan, considering them a threat to the security and safety of their territories and airspace.

In a statement, the ministry said: “The Kingdom affirms that the continuation of these attacks threatens regional and international security and undermines efforts aimed at de-escalation and the restoration of security and stability in the region.”

The Kingdom also reiterated its full solidarity with Bahrain, Kuwait, and Jordan, and its support for all measures taken by these nations to safeguard their sovereignty, security, stability, and the safety of their citizens and residents.

Gulf

Saudi Foreign Minister Arrives in Bahrain for GCC Ministerial Meeting

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah arrives in Manama - SPA
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah arrives in Manama - SPA
TT
TT

Saudi Foreign Minister Arrives in Bahrain for GCC Ministerial Meeting

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah arrives in Manama - SPA
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah arrives in Manama - SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah arrived in Manama on Wednesday to participate in the 167th meeting of the Gulf Cooperation Council (GCC) Ministerial Council, chaired by Bahrain’s minister of foreign affairs, in his capacity as the current session chair, and attended by foreign ministers of the GCC member states.

He was welcomed at Manama International Airport by Bahraini Foreign Minister Dr. Abdullatif bin Rashid Al Zayani and GCC Secretary-General Jasem Albudaiwi.