24 Hrs
Source:
الشارقة 24
UAE and Russia Expand Economic Ties
The trade in Services and Investment Agreement between the UAE and Russia, signed in August 2025, has officially come into force, opening broad prospects for strengthening economic cooperation between the two countries in the sectors of services and high-value-added investments. The agreement contributes to expanding the services export market, protecting investors, and creating new opportunities for Emirati and Russian companies to invest in fintech, healthcare, transportation, and professional services sectors. Trade relations between the two nations have experienced remarkable growth, with non-oil trade reaching $20.4 billion in 2025, an increase of 77.7% over the previous year and nearly doubling compared to 2022. This move is part of the UAE's strategy to diversify its economy and enhance its global trade position through a wide network of economic partnership agreements with multiple countries.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)