Economy, Domestic Economy

UAE Economy Minister, Iran Envoy Confer

UAE Economy Minister, Iran Envoy ConferUAE Economy Minister, Iran Envoy Confer

Emirati Minister of Economy Sultan bin Saeed Al Mansouri met Iran’s Ambassador Mohammadreza Fayyaz in Abu Dhabi to discuss ways of enhancing economic relations between the two countries.

According to UAE’s state news agency Wam, during the meeting, Fayyaz extended Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia’s invitation to Al Mansouri to visit Iran to discuss trade and economic relations.

Non-oil trade between the two countries amounted to $17 billion in 2014.

“Efforts of the Higher UAE-Iranian Joint Commission focused on enhancing economic relations led to the signing of an agreement setting up a UAE-Iranian business council and an agreement between the UAE Chambers of Commerce and Industry and Iran Chamber of Commerce, Industries and Mines,” said Al Mansouri.

The UAE minister also noted that 200 flights a week are being operated between the two countries to boost tourism and enhance cooperation between their business communities.

The Iranian envoy stressed that Al Mansouri’s visit to Iran is important for looking into investment opportunities in Iranian cities as well as for promoting investments in the UAE.