Baku: A Memorandum of Understanding on the establishment of the Azerbaijan-UAE Joint Business Council was signed between the Small and Medium Enterprise Development Agency of the Republic of Azerbaijan and the Federation of Chambers of Commerce and Industry of the United Arab Emirates. This agreement marks a significant step in fostering business relations between Azerbaijan and the UAE.

According to Azeri-Press News Agency, the memorandum was signed during the visit of the President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, to Azerbaijan. The establishment of this Joint Business Council aims to enhance cooperation in the business sector and facilitate mutual economic growth.