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UAE and Central African Republic sign economic agreement to boost trade relations
The UAE and the Central African Republic have signed a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment, following a meeting between President Sheikh Mohamed bin Zayed Al Nahyan and President Faustin-Archange Touadéra in Abu Dhabi. This agreement aims to deepen economic ties, support sustainable development, and is expected to accelerate trade, which reached approximately $252 million in 2024, marking a 75% increase from the previous year. Additional agreements on investment protection and infrastructure development were also announced.
ORO Labs secures 1.5 million to revolutionize gold trading on Solana
ORO Labs has raised $1.5 million in a pre-seed funding round led by 468 Capital, aiming to innovate gold trading through a tokenized protocol on Solana. The startup plans to transform gold into a liquid, income-generating asset, allowing users to earn yield and trade gold-backed assets with instant settlements.Additionally, ORO Labs signed a Memorandum of Understanding at the Abu Dhabi Global Market, highlighting its expansion plans in the UAE, a major hub for gold trade with over $100 billion in annual transactions.
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