The EU and UAE have commenced talks on a bilateral free trade agreement, aiming to enhance trade in goods, services, and strategic sectors, marking a significant milestone in EU-Gulf relations.
The European Union (EU) and the United Arab Emirates (UAE) have officially commenced negotiations for a bilateral free trade agreement, marking a significant step towards the first comprehensive EU trade deal in the Gulf region.
This initiative, referred to as a Comprehensive Economic Partnership Agreement (CEPA), aims to liberalize trade in goods, services, and investment, while enhancing cooperation in strategic sectors such as renewable energy, green hydrogen, and critical raw materials.
The EU is the UAE's second-largest trading partner, accounting for 8.3% of the Emirates' non-oil trade, valued at approximately $68 billion in 2024 .
This bilateral approach follows the suspension of broader EU-Gulf Cooperation Council (GCC) trade negotiations in 2008, highlighting a shift towards more targeted agreements with individual Gulf nations.
The negotiations are set to begin next week, with both parties expressing optimism about the potential for strengthened economic ties and mutual growth.
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The explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
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The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukrainian President Volodymyr Zelenskyy said on Monday that Ukraine is ready to respect the energy ceasefire announced by U.S. President Donald Trump, but only if Russia does the same, saying Moscow has already violated the agreement.
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