Arab Union for Development and ONPASSIVE sign deal to enhance trade exchange among Arab countries – Gulf Today

Arab Union for Development and ONPASSIVE sign deal to enhance trade exchange among Arab countries – Gulf Today

Top officials of both sides during the signing ceremony in Dubai on Wednesday.

Sajjad Ahmad, Deputy Business Editor

The Arab Union for Development, a subsidiary of Arab League and ONPASSIVE, a technologies company headquartered in Dubai, have signed a partnership agreement to support developmental and business projects in the Arab states. The signing ceremony took place in Dubai on Wednesday in the presence of top officials from both side.

According to the agreement, ONPASSIVE was appointed as the exclusive representative office for the Arab Union for Development affiliated with the Council of Arab Economic Unity of the League of Arab states in the UAE.

The ceremony also saw the launch of the representative office's business cycle for 2024/2025.

ONPASSIVE will be entrusted with numerous exclusive tasks such as developing and enhancing trade exchange among Arab countries, supporting the trade links between Arab nations, contributing to the formulation of Arab economic policies to achieve economic integration, and supporting and developing Arab economies with the latest artificial intelligence technologies and technology. It will also enhance the education sector and scientific research and expand the areas of training and comprehensive development.

Mohamed Kamal, Chief Operating Officer said, “This partnership with Arab Union for Development is a