The partnership between the United Arab Emirates (UAE) and Spain was further strengthened during a phone call between UAE President Sheikh Mohamed Bin Zayed Al Nahyan and Spanish Prime Minister Pedro Sanchez. The leaders discussed ways to enhance bilateral relations and develop cooperation between the two countries. They also addressed regional and international developments, including the risk of escalation in the Middle East. Both leaders emphasized the need for calm and an immediate ceasefire in the Gaza Strip. Prime Minister Sanchez expressed support for Palestine's full membership in the United Nations. This conversation highlights the commitment of both countries to peace efforts and their shared concern for stability in the region [66c3bb89].
In addition to the discussion with Spain, UAE President Sheikh Mohamed Bin Zayed Al Nahyan also conferred the 'Zayed the Second Medal' on Saudi Ambassador Turki Bin Abdullah Al Dakhil, recognizing his contributions to strengthening UAE-Saudi Arabia relations. This gesture underscores the importance of the bilateral relationship between the two countries and their commitment to mutual cooperation and support [4358a728].
Furthermore, the UAE and Kenya signed an investment Memorandum of Understanding (MoU) to develop the mining and technology sectors. This agreement demonstrates the UAE's commitment to expanding its economic partnerships and exploring new opportunities for growth and development [66c3bb89].
UAE President Sheikh Mohamed Bin Zayed Al Nahyan is currently on a visit to China and South Korea to enhance access to advanced technologies and strengthen trade relationships. The UAE is China's largest trading partner in the Arab world, with trade and investment spanning many sectors. Chinese investments in the UAE increased by more than 16% annually last year. The UAE may pursue a bilateral free trade agreement with China. The UAE is also holding talks to conclude new deals with Serbia, Vietnam, the Philippines, New Zealand, and Ecuador. The trade deal with South Korea aims to reinforce supply chains and improve joint research across sectors. The UAE is South Korea's second-largest Arab trade partner and its 14th globally. South Korea's investments in the UAE rose to $2.2 billion, while the UAE's investments in Korea stood at $578 million by the end of 2022 [220f6045] [66c3bb89].
China and the United Arab Emirates (UAE) have formed a strategic alliance to combat cybercrime involving cryptocurrency. The partnership targets telecom fraud and online gambling, as well as money laundering, human trafficking, and other illicit activities. The alliance also focuses on the potential of Central Bank Digital Currencies (CBDCs) to revolutionize cross-border trade and investment. The UAE recently completed the first-ever cross-border CBDC transaction, signaling a potential alternative to the Swift payment system. The collaboration between China and the UAE marks a significant step towards a more regulated and secure cryptocurrency landscape [71867dba] [559fcda2] [220f6045].