The UAE has signed an agreement to establish a joint economic commission with Ireland as part of an effort to drive economic growth between the nations.
The agreement also includes a commitment to enhance economic and technical co-operation and will cover sectors including trade and investment, energy efficiency, renewable energy, infrastructure development, the digital and green economy, supply chain resilience, food security and healthcare technology.
The joint committee will promote business delegation visits, facilitate the exchange of information on economic developments and programmes, as well as striving to create a favourable two-way investment climate.
“The relationship between the UAE and Ireland is one of mutual respect and shared ambition," said Dr Thani Al Zeyoudi, Minister of State for Foreign Trade.
"With a foundation built on trade and co-operation, we are well-positioned to explore new avenues for investment and collaboration. The signing of this MoU [memorandum of understanding] is a testament to our commitment to enhancing bilateral relations and unlocking the significant potential that exists between our two countries.”
Non-oil trade between the UAE and Ireland reached $1.1 billion in 2024 up from $694 million in 2019.
“The Joint Economic Commission will give a new forum for further collaboration in areas such as trade and investment, aviation, education and research, renewable energy and green technology, health care and life sciences," said Niamh Smyth, Irish Minister for Trade Promotion, AI and Digital Transformation.
"Once fully established, it will serve as a vehicle to enhance internal co-operation and co-ordination, strengthening Ireland’s partnership with one of the most dynamic economies in the world, and one with huge potential for increased bilateral trade and investment.”
News of the joint economic commission come on the same evening as President Sheikh Mohamed announced that the UAE and the EU, of which Ireland is a member state, have agreed to begin talks on a potential trade deal.
The biog
Family: wife, four children, 11 grandchildren, 16 great-grandchildren
Reads: Newspapers, historical, religious books and biographies
Education: High school in Thatta, a city now in Pakistan
Regrets: Not completing college in Karachi when universities were shut down following protests by freedom fighters for the British to quit India
Happiness: Work on creative ideas, you will also need ideals to make people happy
Zayed Sustainability Prize
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Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
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