Dubai Eye 103.8

On Air Now
The Music Mix
11:00pm - 10:00am

Listen To Dubai Eye

UAE, Azerbaijan agree to develop economic partnership

Friday, 2 August 2024 08:06

By ARN News Staff

WAM

The UAE and Azerbaijan have agreed to enhance their economic partnership across multiple sectors, including entrepreneurship, tourism, aviation, technology and renewable energy.

The decision was announced following a recent session of their Joint Intergovernmental Commission on trade and technical cooperation.

Minister of Economy Abdullah bin Touq Al Marri encouraged the Azerbaijani private sector to take advantage of the UAE's flexible business environment, citing recent legislative updates that support new ventures.

Key outcomes included the formation of joint work teams to explore collaboration opportunities, support for exporters, and initiatives to boost startup growth.

The UAE is Azerbaijan's top Arab trading partner, accounting for 40% of trade. In 2023, non-oil trade reached $1.64 billion, up 68%. The UAE has invested $1.1 billion in Azerbaijan, while Azerbaijani investments in the UAE exceeded $210 million by 2021.

#UAE, #Azerbaijan agree to develop economic partnership#WamNews https://t.co/bsA1W8M4qC pic.twitter.com/qN9hriZELm
— WAM English (@WAMNEWS_ENG) August 1, 2024

More from Local

Debris from drone interception hits Oracle building in Dubai

Authorities have responded to a "minor incident" caused by debris from a drone interception that fell on the facade of the Oracle building in Dubai Internet City on Saturday morning.
No fire or injuries after drone interception in Dubai Marina

Authorities have confirmed that fallen debris from a drone interception fell on the facade of a building in Dubai Marina early Saturday.
One dead, four injured in Habshan gas facility incident

In an update on a previously reported incident at Habshan gas facilities, Abu Dhabi authorities have confirmed one person has died and four others sustained minor injuries.
UAE approves new oral obesity treatment

The UAE has become the second country in the world to approve Foundayo (orforglipron), a new oral treatment for chronic weight management.
Dubai to roll out EV superchargers across parks, beaches

Dubai Municipality has announced a major initiative to expand electric vehicle infrastructure across the city, with plans to install EV supercharging stations in 600 parking spaces at public parks, beaches and recreational areas.

Coming Up on Dubai Eye

Motor Mania
10:00am - Noon
The Best of Dubai Eye 103.8
Noon - 4:00pm

Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!