ABU DHABI // Sultan bin Saeed Al Mansouri, Minister of Economy, received Mohammad Reza Fayyaz, Iran’s Ambassador to the UAE, to discuss ways of enhancing economic relations between the two countries.
According to state news agency, Wam, during the meeting at his office, Mr Al Mansouri was invited by Iran’s Minister of Economic Affairs and Finance to lead a UAE delegation to Iran to discuss trade and economic relations.
Mr Al Mansouri noted Iran comes fourth in terms of the relative importance for the UAE’s foreign trade with non-oil trade between the two countries amounting to US$17 billion in 2014.
He said that the efforts of the Higher UAE-Iranian Joint Commission focused on enhancing economic relations led to the signing of an agreement setting up an Emirati-Iranian business council and an agreement between the UAE Chambers of Commerce and Industry and Iran Chamber of Commerce, Industries and Mines.
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.
Ambassador Fayyaz 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.
newsdesk@thenational.ae
