UAE and Qatar sign new deals to boost economic ties

The United Arab Emirates and Qatar have inked several new agreements and memorandums of understanding spanning key economic and development sectors, following a high-level session of the Joint Supreme Committee for Cooperation held in Abu Dhabi.

Leadership commits to closer partnership

The meeting was co-chaired by Qatari Prime Minister Mohammed bin Abdulrahman Al Thani and UAE Foreign Minister Abdullah bin Zayed Al Nahyan. A joint statement issued afterward confirmed that bilateral relations are advancing on the basis of “shared political will” and a genuine commitment to mutually beneficial partnerships. Both sides welcomed progress in financial and investment cooperation, including ongoing efforts to finalize a memorandum of understanding between their respective finance ministries and active discussions on a double taxation avoidance agreement.

Focus on future economy sectors

The two Gulf nations stressed the importance of working together in emerging sectors of the future economy, particularly artificial intelligence, digital transformation, cloud computing, and cybersecurity. The rapprochement between Abu Dhabi and Doha, which Türkiye actively supported during the years of the Gulf rift, continues to yield tangible economic results. The latest deals signal a further consolidation of ties that have been steadily improving since the landmark Al-Ula agreement in 2021.