The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.
In a statement to the Emirates News Agency (WAM), Dr. Thani Al Zeyoudi explained negotiations for the agreement’s terms reflects the commitment of both nations to enhancing economic cooperation and opening new horizons for developmental partnership, thereby contributing to economic prosperity and creating further opportunities for the business communities in both countries.
He pointed out that the UAE is Japan’s leading trade partner in the Arab World in terms of exports and imports, accounting for approximately 37 per cent of Japan’s total exports to Arab countries. Meanwhile, Japan is among the UAE’s top ten trading partners.
In September 2024, the UAE and Japan initiated discussions to reach a Comprehensive Economic Partnership Agreement, aiming to unlock new opportunities for economic, investment and trade relations, taking them to new levels of developmental cooperation.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.