Dubai: The UAE International Investors Council (UAEIIC) and the UAE-India Business Council (UIBC) have signed a Memorandum of Understanding (MoU) to facilitate trade and investments between the two nations, according to a statement from the council of investors released on Monday.

The MoU also outlines the expansion of joint ventures, and technological and industrial collaboration between the UAE and India.

The MoU was signed by Jamal Saif Al Jarwan, Secretary-General, UAEIIC, and Abdul Salam, Director General, UIBC, during the seventh edition of Annual Investment Meeting (AIM) in Dubai.