The UAE Ministry of Economy and the Jordanian Ministry of Industry, Trade and Supplies have signed a Memorandum of Understanding on cooperation between the two countries in the fields of innovation and research, and developing Small and Medium Enterprises. The three-year agreement, which consists of 13 clauses aims to build a long-term strategic alliance between the two sides. The MoU was signed in Amman by Sultan bin Saeed Al Mansouri, UAE Minister of Economy, and Maha Ali, Jordanian Minister of Industry, Trade and Supplies, during the UAE-Jordan Economic Forum and in the presence of Abdullah Al Nasour, Prime Minister of Jordan, WAM reported. The MoU reflects the desire of both countries to set up a reciprocally beneficial network of business cooperation for young entrepreneurs running SMEs.