We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

UAEWorld
...0
September 23, 2023September 19, 2024
UAE, Armenia sign 4 MoUs during joint business forum in Yerevan

Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) and Chairman of Abu Dhabi Chamber of Commerce and Industry, and Vahan Kerobyan, Armenia’s Minister of Economy, have inaugurated the UAE-Armenia Business Forum in the Armenian capital, Yerevan.

The forum saw the signing of four Memorandums of Understanding (MoUs); with three of them between the business communities in both countries and one to establish a UAE-Armenia Business Council.

Organised by the FCCI, the UAE Embassy in Yerevan, and Enterprise Armenia, the event was attended by Dr. Nariman Al Mulla, UAE Ambassador to the Republic of Armenia, a UAE trade delegation of around 100 representatives of government and private entities, and over 200 representatives of Armenian companies.

In his keynote, Al Mazrouei invited businesses in both countries to leverage the opportunities and facilities provided by both countries, noting that the signing of MoUs with Enterprise Armenia and the Armenian Chamber of Commerce and Industry will help create new investment opportunities and forge a stronger UAE-Armenian partnership that benefits both countries.

For his part, the Armenian Minister of Economy said that the UAE-Armenia trade exchange reached over US$1 billion, making the UAE one of Armenia’s top three trade partners, alongside Russia and China.

In the first 7 months of 2023, the trade exchange between our countries was valued at $870 million, three-fold its value last year, while investments grew by 20 percent in H1 2023, he added, commending the UAE’s decision to waive pre-entry visas between the UAE and Armenia.

The UAE trade delegation held several meetings with Armenian officials, including the Deputy Prime Minister, the Minister of Economy and the Minister of High-Tech Industry, during which they discussed prospects for boosting trade and investment cooperation and launching economy-driving projects in both countries.

By WAM