Economy

The Bahraini Minister of Foreign Affairs, Dr. Abdullatif bin Rashid Al-Zayani, met with the European Union's High Representative for Foreign Affairs and Security Policy, Josep Borrell, and the President of the European Council, Charles Michel, during a visit to Brussels. 

The European Commission has published its long-awaited strategy for taking forward its relationship with its southern neighbours. It proposes "a new, ambitious and innovative Agenda for the Mediterranean, drawing for the first time on the full EU toolbox and the ground-breaking opportunities of the twin green and digital transitions, in order to relaunch our cooperation and realise the untapped potential of our shared region".

Saudi Arabia announced on Thursday, its strategy for the 'Riyadh Vision'. The plan was revealed by Crown Prince Mohammed bin Salman and it aims to make Riyadh among the world's top 10 economic cities in order to drive forward the country’s economic, industrial and tourism growth in the upcoming years. 

The UAE Minister of State for Foreign Trade affirmed the UAE’s willingness to support joint Gulf action in various priority economic issues. Some of the expected changes is an amended consumer protection system, the adoption of the amended patent system, and continuing to support and encourage small and medium enterprises and institutions.

Uzbekistan and Saudi Arabia are taking steps to promote business ties and investment at a time when both countries continue to prioritise economic reform and development.