UAE foreign trade minister and Jordanian PM discuss trade and investment cooperation

UAE Foreign Trade Minister Thani Al-Zeyoudi and Jordanian PM Bisher Khasawneh in Amman. (Petra)
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Updated 03 January 2024
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UAE foreign trade minister and Jordanian PM discuss trade and investment cooperation

  • Non-oil trade between the two countries grew by more than 47 percent in 2022

AMMAN: The UAE’s foreign trade minister, Thani Al-Zeyoudi, and Jordan’s Prime Minister Bisher Khasawneh met in Amman to discuss ways in which bilateral trade and investment cooperation might be strengthened.

Khasawneh highlighted the close ties between the two countries and expressed his country’s support for the UAE as host of the 13th World Trade Organization Ministerial Conference, which will be held in Abu Dhabi in February, the Emirates News Agency reported on Wednesday.

He also confirmed the high-level participation of Jordan at the conference, and congratulated the UAE for successfully hosting the UN Climate Change Conference, COP28, in November.

Al-Zeyoudi said the UAE and Jordan share a desire to build future-oriented economies based on innovation, knowledge, and free trade and investment. He added that regular meetings and the strong relationship between Emirati President Sheikh Mohammed bin Zayed Al-Nahyan and King Abdullah of Jordan have helped to strengthen bilateral relations and the strategic partnership between the two countries with the aim of achieving their aspirations for sustainable growth.

“There is a mutual will to build on the commercial and investment momentum between the two countries, to improve their relations and create more opportunities for their business communities,” Al-Zeyoudi said.

Non-oil trade between the two countries grew by more than 47 percent in 2022, reaching $4.5 billion, more than double the total in 2020, when the value of trade increased by 106 percent.

Jordan has become the UAE’s third-largest Arab economic partner, after Iraq and Egypt, accounting for 8 percent of non-oil trade with Arab countries.

The UAE is Jordan’s fifth-largest economic partner and its second-largest Arab trading partner, accounting for 6.2 percent of total foreign trade.
 


Iran says can fight intense war for months

Updated 3 sec ago
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Iran says can fight intense war for months

  • Iran’s security chief accuses Trump administration of seeking to replicate a scenario similar to Venezuela
  • Analysts warn there is still no clear path to ending a conflict that could last a month or longer
TEHRAN: Iran’s Revolutionary Guards said Sunday that the country’s forces could fight an intense war for six months against the United States and Israel.
Israeli Prime Minister Benjamin Netanyahu has vowed to press on with the war against Iran “with all our force,” with a plan to eradicate the country’s leadership after joint US-Israeli raids killed supreme leader Ayatollah Ali Khamenei last week, sparking the regional conflict.
Despite the threat, the Revolutionary Guards said Sunday that the Islamic republic’s forces could wage an “intense war” for six months at the current speed of fighting.
Guards spokesman Ali Mohammad Naini said Iran had so far used “first and second generation” missiles, but will use “advanced and less-used long-range missiles” in the coming days.
‘Trapped’
The widening reach of the war and Iran’s ability to inflict damage and harm were underscored by US President Donald Trump attending the return of six American service members killed in a drone strike on a US base in Kuwait last Sunday.
Iran’s security chief Ali Larijani accused the Trump administration of seeking to replicate a scenario similar to Venezuela where it ousted leader Nicolas Maduro.
“Their perception was that it would be like Venezuela — they would strike, take control and it would be over — but now they are trapped,” he said in a pre-recorded interview broadcast on state TV on Saturday.
Iran’s hardline judiciary chief Gholamhossein Mohseni Ejei also warned Middle East neighbors which are “openly and covertly at the disposal of the enemy” that “the heavy attacks on these targets will continue.”
Iranian President Masoud Pezeshkian said Sunday that Tehran “will be forced to respond” if a neighboring country were to be used as a launchpad for any attack or invasion attempt.
Tehran had vowed to go after US assets in the region, and Saudi Arabia, Qatar, the United Arab Emirates and Kuwait on Sunday all reported new attacks.
No clear way out
Analysts warn there is still no clear path to ending a conflict that US and Israeli officials say could last a month or longer.
Trump has suggested Iran’s economy could be rebuilt if a leader “acceptable” to Washington replaces the late supreme leader, which Tehran has rejected.
China and Russia have largely stayed on the sidelines despite close ties with Tehran.
China’s top diplomat Wang Yi said on Sunday that the war in the Middle East should “never have happened.”
“This is a war that should never have happened,” he told a press conference in Beijing, adding that “a strong fist does not mean strong reason. The world cannot return to the law of the jungle.”