President Sheikh Mohamed met Faustin-Archange Touadera, President of the Central African Republic, on Thursday, as the two nations signed a Comprehensive Economic Partnership Agreement.
The leaders met at Qasr Al Shati in Abu Dhabi, where they discussed trade, investment, renewable energy, infrastructure and other important development areas that serve the interests of both nations, state news agency Wam reported. The trade agreement aims to enhance bilateral trade and investment opportunities, particularly in vital sectors.
Sheikh Mohamed said the signing of the agreement marks a new phase in the UAE’s relationship with the Central African Republic, driven by a shared vision for growth and sustainable development to achieve mutual economic and social benefits, Wam reported.
Mr Touadera welcomed the signing of the agreement, voicing hope that it would strengthen economic ties between the UAE and the Central African Republic and contribute to sustainable development and economic prosperity for both countries.
It is estimated that non-oil trade between the UAE and the Central African Republic reached $252 million in 2024, a 75 per cent increase on the previous year, stated Wam.
Among the non-oil exports from the UAE to the Central African Republic are essential consumer goods such as food products, textiles, and electronics, as well as machinery and pharmaceuticals that support important sectors across Africa.
The Central African Republic exports agricultural products, including coffee, cotton, and cassava, to the UAE, in addition to valuable mineral resources, such as gold and diamonds.
The agreement is expected to “increase market access for locally produced goods in both countries by reducing or eliminating tariffs, removing non-tariff trade barriers, and boosting investment in key sectors, including agriculture, infrastructure, and technology”, Wam reported.
As the UAE continues to expand its global trade network, the agreement underlines its commitment to strengthening strategic economic ties with African nations, recognising the continent’s growing role in the global economy, Wam added.
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
UAE currency: the story behind the money in your pockets
Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
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- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
