Since taking office in 2022, Meloni has actively sought closer ties with the Gulf states, despite opposition highlighting human rights concerns.

Intesa SanPaolo, Italy's no.1 bank, sealed a memorandum of understanding with UAE energy group Masdar over M&A activities in international renewable markets, while Leonardo's deal with UAE's EDGE Group followed up on a collaboration agreement announced last week.

The United Arab Emirates is set to invest $40 billion in Italy as part of a deal strengthening economic ties between the two countries. The announcement came following a bilateral summit in

The United Arab Emirates plan investments in Italy worth 40 billion dollars, Italian Prime Minister Giorgia Meloni said on Monday, without giving a time frame. Meloni has been trying to pursue stronger ties with Gulf countries since taking office in 2022,

The UAE is to invest $40 billion in key sectors of Italy’s economy as the two countries strengthen ties. Italy and the UAE signed 40 new agreements covering sectors including economy and investment, defence,