Arab Union for Development and ONPASSIVE sign deal to enhance trade exchange among Arab countries
- 22 May 2024
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 big milestone for us and it will help facilitating the business growth in the Arab countries. ONPASSIVE is bringing very unique technology products to support the growth of various economic sectors in Arab countries”.
Headquartered in Dubai, ONPASSIVE Technologies operates globally with offices in the USA, India, Egypt, and Singapore. Specializing in AI-powered solutions, ONPASSIVE offers a comprehensive suite of business automation tools through a SaaS subscription model.
The company's commitment to fostering innovation and driving business acceleration is evident in its state-of-the-art technology, supporting enterprises in achieving unparalleled success in the digital age.