Top officials during the event.
The economic relations between the UAE and South Korea have witnessed considerable development in all sectors. The volume of non-oil trade between the UAE and South Korea reached $4.9 billion in 2019,
The seventh session of the UAE-South Korea Joint Economic Committee (JEC) was held virtually, chaired by Abdulla Bin Touq Al Marri, UAE Minister of Economy; and Nam-Ki Hong, Korean Deputy Prime Minister and Minister of Economy and Finance,
Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council, FNC, received Kwon Young-woo, Ambassador of the Republic of South Korea to the UAE, at the headquarters of the FNC in Abu Dhabi, in the presence of Ahmed Shabib Al Dhaheri, FNC Secretary-General and Amal Al Hadabi, Assistant Secretary-General for Parliamentary Communication Affairs.
European Central Bank chief Christine Lagarde warned on Thursday that the pandemic still poses “serious risks” to the eurozone economy as concerns grow about new virus variants and sluggish vaccination campaigns.
The UAE SMEs sector contribute to more than 53 per cent of the UAE’s non-oil GDP, and this percentage is expected to rise to 60 per cent by the end of 2021, and to higher levels in the coming years,
The Abu Dhabi Fund for Development (ADFD) continued to advance its sustainable development agenda within the country and abroad through clean-energy initiatives.