EU President Ursula von der Leyen and His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates agreed to launch negotiations on a free trade agreement. Commissioner Maroš Šefčovič will soon visit the UAE to take the talks forward.
"This marks a positive step forward in EU–UAE relations and, alongside the negotiation of broader Strategic Partnership Agreements, can serve as a catalyst for stronger ties between the EU and the Gulf Cooperation Council (GCC)," - EU statement reads.
President von der Leyen emphasised the European Union's strong track record of delivering high-standard trade agreements and building partnerships based on open trade and mutual benefit.
"The UAE shares strong and longstanding ties with the European Union and its member states, and today we agreed to launch negotiations towards a Comprehensive Economic Partnership Agreement with the EU. Through this agreement, we aim to deepen bilateral relations and promote economic growth for the benefit of our countries and peoples," - UAE President stated via platform X.
The upcoming negotiations will focus on liberalising trade in goods, services, and investment, while deepening cooperation in strategic sectors such as renewable energy, green hydrogen and critical raw materials.
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Iceland could reopen talks on joining the European Union after a 13-year pause, as shifting security concerns and renewed economic debate bring EU membership back to the centre of national politics.
Georgia’s relationship with the European Union is coming under increasing strain, as Members of the European Parliament openly criticise both the country’s political direction and the EU’s response.
Hungarian Prime Minister Viktor Orbán has refused to lift his opposition to a €90 billion ($104 billion) European Union loan to help Ukraine keep up its fight against Russia’s invasion, following a meeting of EU leaders in Brussels on Thursday (19 March).
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Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East as the rest of the world battle with the consequences of the war. Welcome to AnewZ's coverage of the tensions in the Middle East.
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Danish Prime Minister Mette Frederiksen resigned on Wednesday after her coalition suffered a heavy election defeat, triggering negotiations over who will form the next government.
A drone has flown into Estonian airspace from Russia. It happened early on Wednesday morning and slammed into a chimney at a local power station, the Baltic country's Internal Security Service told public broadcaster ERR.
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Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
Meta Platforms is increasing compensation for top executives, including its first-ever offer of stock options, as it tries to fend off competition in the artificial intelligence (AI) race and incentivize leaders to stay with the company for several years.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
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