Tag: Trade

  • UAE President Sheikh Mohammed Bin Zayed Al Nahyan Visits Cyprus to Enhance Trade

    UAE President Sheikh Mohammed Bin Zayed Al Nahyan Visits Cyprus to Enhance Trade

    UAE President Sheikh Mohammed bin Zayed Al Nahyan’s visit to Cyprus marks a significant step in strengthening trade relations between the two nations. On Sunday, he met with Cypriot President Nikos Christodoulides at the presidential palace in Nicosia, an event that is seen as a formal confirmation of the upgraded strategic relationship between the UAE and Cyprus.

    Trade: Welcoming Ceremony Highlights Diplomatic Ties

    The day commenced with a welcoming ceremony at Larnaca airport, where President Christodoulides greeted Sheikh Mohammed with military honours. The national anthems of Cyprus and the UAE resonated through the air as bands from the National Guard and the Cyprus police played, setting a tone of respect and collaboration.

    After the reception, Sheikh Mohammed laid a wreath at the statue of Archbishop Makarios III, further highlighting the significance of the visit. The gathering included senior officials from both nations, such as Foreign Minister Constantinos Kombos and Transport Minister Alexis Vafeades from Cyprus.

    Discussions on Key Areas of Cooperation

    The private meeting between the two presidents was followed by expanded talks involving delegations from both sides. According to Konstantinos Letymbiotis, the government spokesman, the discussions centred on enhancing bilateral cooperation across several important sectors. These include:

    • Investment
    • Energy
    • Technology
    • Trade
    • Education
    • Culture
    • Tourism
    • Shipping
    • Security
    • Critical infrastructure

    Both leaders expressed their commitment to moving from strategic alignment to practical implementation. They underscored the necessity of measurable objectives and actionable plans to fortify their relationship.

    UAE’s Interest in Cypriot Investment Opportunities

    During the talks, particular emphasis was placed on investment, with the UAE showing a keen interest in launching significant initiatives in Cyprus. Priority sectors identified include energy, infrastructure, technology, tourism, and shipping. To facilitate this cooperation, a permanent business framework will be established through a joint UAE-Cyprus business council. This council will link the Cyprus Chamber of Commerce and Industry, Invest Cyprus, and the UAE Chamber of Commerce Federation, providing a stable platform for business collaboration and project development.

    Joint Action Plan and Future Prospects

    The two presidents agreed to collaborate on a joint action plan in areas where their interests converge. This includes trade, investment, energy, political dialogue, tourism, culture, education, shipping, security, and critical infrastructure. The upcoming Cypriot Presidency of the Council of the European Union, set to begin on January 1, 2026, was highlighted as an opportunity to strengthen EU-Gulf relations, particularly with the UAE.

    The discussions also touched on the ongoing negotiations for a free trade agreement between the UAE and the EU, which is anticipated to unlock further avenues for trade, investment, and cooperative efforts.

    Regional and Humanitarian Considerations

    Amid their discussions, both leaders exchanged views on various regional and international issues, focusing on developments in the Middle East. The humanitarian situation in Gaza was particularly emphasised, with commitments to continue providing aid through all available channels. President Christodoulides described the visit as a new chapter in Cyprus-UAE relations, reinforcing the strategic partnership and establishing operational structures with measurable goals.

    “From today, a new chapter opens, defined by trust, shared interests, and our joint commitment to a more connected and prosperous region,” he stated.

    Strengthening the Ties Established Since 2022

    Sheikh Mohammed bin Zayed Al Nahyan remarked that since the establishment of strategic cooperation between Cyprus and the UAE in 2022, the ties have seen substantial growth in various sectors, including energy, industry, trade, investment, tourism, and education. He acknowledged that a UAE-EU free trade agreement would further enhance opportunities with Cyprus and welcomed the forthcoming Cypriot EU presidency as a means to bolster UAE-EU relations.

    As the visit came to a close, President Christodoulides hosted an official luncheon in honour of Sheikh Mohammed, further cementing the diplomatic ties forged during this historic meeting.

  • Cyprus as India’s Strategic Gateway to Europe Highlights Economic Opportunities

    Cyprus as India’s Strategic Gateway to Europe Highlights Economic Opportunities

    gateway — Cyprus serves as India’s natural gateway to Europe, a statement emphasised by India’s High Commissioner to Cyprus, Manish, during the Cyprus Forum 2025 in Nicosia. His remarks highlighted the significance of the India-Middle East-Europe Economic Corridor (IMEC) in enhancing global connectivity and trade.

    Gateway: IMEC: A Transformational Initiative

    At the forum, High Commissioner Manish outlined India’s vision for IMEC, describing it as a vital connectivity project aimed at lowering logistics costs, reducing transport times, and creating new trade pathways that connect Asia, the Gulf region, and Europe.

    Opportunities for Collaboration with Cyprus

    Manish emphasised the strategic positioning of Cyprus in this framework, suggesting numerous avenues for bilateral cooperation. He mentioned shipping, renewable energy including green hydrogen, digital trade facilitation, financial services, and education as key areas where India and Cyprus could work together.

    A Shared Vision for Sustainable Development

    During his speech, the High Commissioner reflected on the shared commitment of both nations towards sustainable development and rules-based international cooperation. This aligns with IMEC’s focus on green energy, digital integration, and inclusive growth.

    Building on Previous Diplomatic Engagements

    This dialogue follows Indian Prime Minister Narendra Modi’s visit to Cyprus in June, which laid the groundwork for deeper bilateral engagement. Modi engaged in extensive discussions with President Christodoulides at the Presidential Palace in Nicosia, focusing on enhancing cooperation across trade, investment, security, and technology sectors.

    Emphasising Stability and Connectivity

    During their June meeting, both leaders acknowledged IMEC’s transformative potential and reiterated their commitment to stability in the Eastern Mediterranean and the wider Middle East. They stressed the importance of fostering deeper engagement and connections from the Indian subcontinent through the Middle East to Europe.

    Encouraging Indian Investment in Cypriot Shipping

    Recognising Cyprus’s strategic role, both Modi and Christodoulides welcomed the possibility of Indian shipping companies establishing a presence in Cyprus. They encouraged maritime cooperation through joint ventures between Cyprus-based and Indian maritime service providers, aimed at strengthening economic and logistical ties.

    Cyprus as a Regional Hub

    The speakers at the forum also acknowledged Cyprus’s potential to act as a regional hub for transshipment, storage, distribution, and logistics within the IMEC initiative. This vision underscores the importance of Cyprus in creating a robust economic corridor linking these regions.