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UAE explores financial cooperation with Cuba

The United Arab Emirates’ capital metropolis is excited by doing enterprise with Cuba. 

Abu Dhabi Chamber of Commerce and Business chairman Mohamed Al Mazrouei met with president of the Cuban Chamber of Commerce Antonio Carricarte Corona on the Expo 2020 Dubai yesterday. Mazrouei famous the “eagerness” of Abu Dhabi companies to study extra about commerce with and funding in Cuba. He known as for business-focused exchanges between the 2 areas. The chairman additionally stated the chamber is able to help commerce between Cuba and the United Arab Emirates, the official Emirates News Agency reported

The Expo 2020 Dubai is a cultural and enterprise discussion board with participants from throughout the UAE, the Center East and the world. The occasion has yielded a number of agreements on the a part of Emirati companies. The Emirati know-how agency Group 42 signed yesterday a memorandum of understanding with the Serbian authorities to develop joint cloud and synthetic intelligence instruments. 

Different Emirati entities are additionally excited by doing enterprise with Cuba. Yesterday, Cuba’s Commerce Minister, Rodrigo Malmierca Diaz, met with the Abu Dhabi-based renewable vitality firm Masdar to debate potential cooperation, Masdar tweeted.

Cuba has good relations with Iran and Syria within the Center East. Cuban and Iranian scientists jointly developed a COVID-19 vaccine final 12 months. Syrian and Cuban officers additionally discussed vaccine cooperation late final 12 months.

The UAE is a detailed ally of america. Nevertheless, the US locations a number of sanctions on Cuba and maintains a commerce embargo on the Caribbean island in opposition to its communist authorities. 

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