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UAE prepares to address the economic challenges of the future

UAE prepares to address the economic challenges of the future

The United Arab Emirates (UAE) has announced measures to help diversify its economy away from dependency on hydrocarbons, and to create jobs for Emiratis in new private-sector opportunities. The package includes an investment of AED24 billion to create 75,000 new private-sector jobs. The UAE government is looking to balance between creating incentives for expats to relocate to the UAE and creating employment opportunities for its own population.

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Kazakhstan rebuffs talk of joint EAEU response to Western sanctions

Kazakhstan rebuffs talk of joint EAEU response to Western sanctions

The government of Kazakhstan, in a statement issued on Saturday (5 June) rebuffed the idea of such a joint response raised last week by Russian deputy foreign minister Alexander Pankin who said that the Eurasian Economic Union (EAEU), which brings together Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan, was working on a “consolidated response” to Western sanctions against some of its members.
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After Brexit, UK seeks trade deals with Gulf states

After Brexit, UK seeks trade deals with Gulf states

British International Trade Secretary, Liz Truss, says that the British government is looking at a possible trade deal with Gulf states starting with an investment tie-up with the UAE for an amount of £5 billion ($7.06bn). 
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EU celebrates Europe Day with a declaration outlining ambitious social agenda

EU celebrates Europe Day with a declaration outlining ambitious social agenda

This year, faced by the challenges of the pandemic and its social and economic consequences, European leaders meeting at an informal summit in Porto, hosted by the current Portuguese Presidency of the EU, focused on social issues, including on how to ensure an inclusive recovery, with education and skills at the heart of the EU's political action.
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EU puts new Investment Agreement with China on hold

EU puts new Investment Agreement with China on hold

The European Commission will stop efforts to approve the Comprehensive Agreement on Investment (CAI) between China and the European Union (EU). European Commissioner for Trade, Valdis Dombrovskis, said that approval for the CAI is complicated due to recent EU-China relations.