Iran seeks to explore economic ties with UAE

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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.

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