M2S News Radar

M2S News Radar

Trade & Investment

Turkey-GCC: Turkey wants to complete negotiations for a free trade agreement with the Gulf Cooperation Council by the end of the year, the Turkish trade ministry said after Ankara hosted the first round of talks this week.


E&-EU: UAE telecoms group e& has offered concessions aimed at allaying EU concerns it may be benefiting from distortive foreign subsidies in its bid for some of Czech telecoms company PPF's assets, EU competition regulators said.


Chile-UAE: During a visit of Chilean President Gabriel Boric Font to the UAE, a Comprehensive Economic Partnership Agreement was signed. Non-oil trade between the UAE and Chile reached $306 million (2023) and the aim is to triple that by the end of 2030.


UAE-Morocco: The UAE and Morocco also concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA). The CEPA program aims to increase the UAE’s non-oil foreign trade to Dhs 4 trillion.


BRICS trade ministers: During the 14th BRICS Trade Ministers Meeting, held in Moscow and attended by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, the UAE renewed the call for enhanced trade cooperation among member nations.


Environment & Energy

Europe’s Green Sector: UAE's renewable energy company Masdar is seeking more opportunities in Europe's green energy sector and will consider both minority investments and controlling stakes, its CFO said, following a deal last week with Spain's Endesa.


Tech, Cyber & Space

Shorooq-AI: Abu Dhabi-based investment firm Shorooq Partners teamed up with other public and private institutions to lead a $20 million financing round for Intelmatix, an AI startup founded by Saudi graduates of the Massachusetts Institute of Technology.


G42-China: According to a spokesperson of UAE-based AI company G42, the company is actively working with US partners and the Emirati government to comply with AI development and deployment standards, amid American concerns about its ties to China.


Foreign Policy & Diplomacy

Egypt-UAE: UAE President Sheikh Mohamed bin Zayed conducted a multi-day private visit to Egypt to engage in strategic discussions with Egyptian President Abdel Fattah El-Sisi and other key officials.


Medical Evacuations: At least 85 sick and severely injured Palestinians from Gaza, including 35 children, were evacuated to Abu Dhabi for specialized care, the director general of the WHO said, in what was the largest medical evacuation since October 2023.


Iran Inauguration: Dr. Masoud Pezeshkian, President of the Islamic Republic of Iran, received Sheikh Abdullah bin Zayed, UAE Deputy Prime Minister and Minister of Foreign Affairs, on the sidelines of the presidential inauguration ceremony in Tehran.


Regional Developments: UAE officials have expressed great concern over the serious developments and events the region is witnessing, stating that diplomatic and political efforts have become more urgent and inevitable.


Defense & Security

Military Diplomacy: High-level officials from the UAE Armed Forces met amongst others with the Commander of the Indonesian National Army, received the Chinese ambassador and attended the reception ceremony of the historical Turkish warship TCG Kinaliada.


Miscellaneous

Faissal Taghi: The 23-year-old son of criminal organization chief Ridouan Taghi was extradited from the UAE to the Netherlands. Faissal was arrested in August 2023 at the request of the Netherlands, who suspected he had taken over the role of his father.


Gaming: The new gaming regulatory authority of the UAE awarded a license to operate the first authorized lottery in the country to Abu Dhabi-based The Game LLC, an operator specializing in game development, lottery operations, and gaming-related content.


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M2S News Radar – UAE edition - is a curated weekly newsletter that provides a high-level overview of trade, investment, defense, environmental, and foreign policy developments in the UAE, as well as a weekly agenda of upcoming relevant events. All news items are carefully selected by our team of local experts from relevant and reputable original news sources to provide a concise summary of major news items for senior executives interested in the UAE. While we pay utmost attention to fact check all news items, M2S cannot be held liable for the accuracy of third-party reporting.

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