January 13, 2023
1 min read

Iran seeks to explore economic ties with UAE

A series of meetings was held to discuss the potential for economic cooperation between the two countries in various fields….reports Asian Lite News

UAE‘s Minister of State Khalifa Shaheen Al Marar has met with Dr. Mahdi Safari, Iranian Deputy Foreign Minister for Economic Diplomacy, and an accompanying economic delegation at the headquarters of the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi.

A series of meetings was held to discuss the potential for economic cooperation between the two countries in various fields of common interest, particularly energy, trade, transport, and tourism.

Saeed Mubarak Al Hajeri, Assistant Foreign Minister for Economic Affairs at the Ministry of Foreign Affairs and International Cooperation, emphasised that existing trade relations between the two countries are an example of the partnerships that the private sector can build based on cooperation, trust, and mutual benefits.

He also expressed the UAE’s hope that the visit will serve to enhance joint coordination and explore further opportunities for economic exchange between the two countries.

For his part, Dr. Safari stressed the importance of following up on the recommendations and matters that were discussed by the two relevant teams from both sides.​

The meetings come as part of joint efforts to bolster economic cooperation and bilateral relations and contribute to achieving mutual benefits while enhancing prospects for regional stability, peace, and prosperity.

Earlier this week, Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, at Qasr Al Watan in Abu Dhabi, received Mohammad Reza Farzin, Governor of the Central Bank of Islamic Republic of Iran.

During the meeting, the two sides reviewed bilateral relations between the UAE and Iran and ways to enhance them, especially in the financial and banking fields.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), attended the meeting.

ALSO READ: UAE, Israel hold first financial dialogue

Previous Story

​UAE takes part in GPFI meeting under India G20 Presidency

Next Story

US commerce secy due in Delhi for trade talks

Latest from -Top News

World Bank Warns of Growing Poverty in Pakistan

Instead of concentrating on rural development to reduce poverty, the Pakistan government has been focused more on increasing defence expenditure….reports Asian Lite News The World Bank has voiced deep concern over Pakistan’s

Hasina Faces Arrest in War Crimes Probe

Two formal charges were submitted by the ICT prosecution against Hasina and her security and defence advisor, Tarique Ahmed Siddique….reports Asian Lite News Bangladesh’s International Crimes Tribunal (ICT) on Wednesday issued arrest

Peace in Afghanistan Vital, Says India

The Indian delegation at the meeting was led by Ambassador to Russia Vinay Kumar who expressed support for independent, peaceful and stable Afghanistan….reports Asian Lite News On Tuesday, India reaffirmed that a

India, Qatar Strengthen Trade Ties

Goyal expressed optimism about the growing economic engagement between the two countries, stating, “Glad to meet Ahmed bin Mohammed Al-Sayed….reports Asian Lite News Union Minister of Commerce and Industry Piyush Goyal met
Go toTop

Don't Miss

‘Earth Day drives UAE’s circular Economy agenda’

The Minister of Climate Change and the Environment highlighted the

Success of Vienna nuclear talks depends on US

A top Iranian security official said that the success of