AD Ports Group

AD Ports Group reports 41% rise in net profit for Q1 2022

The group reported Dhs1.047bn in revenue for Q1 2022, posting 15 per cent year-on-year growth

Indonesia UAE reinsurance agreement

Indonesia, UAE sign reinsurance agreement to boost bilateral trade

The two state-owned institutions will make it easier for UAE and Indonesia-based companies to access funds to pursue their international expansion

Sharjah city skyline

Sharjah Chamber of Commerce and Industry reports rise in new companies in Q1 2022

The SCCI revealed an estimated 1,996 new companies joined the body, with 15,572 memberships being renewed

Interview: Nour Sabri, founder of BorrowMe, on why renting items is good for the planet

Sabri shares what inspired him to set up the business, which enables people in the UAE to rent almost anything they need instead of buying it

AD Ports signs MoU to create UAE-Kuwait virtual trade corridor

The virtual trade corridor will help customs authorities in both countries access pre-arrival information for international cargo movements

UAE Israel

The UAE reaches trade agreement with Israel

The official signing of agreement is expected to follow in the coming weeks

Container Ship

UAE’s AD Ports Group to manage operations at Egypt’s Ain Sokhna Port

A feasibility study will be conducted into the future development of Ain Sokhna Port to explore potential investment opportunities to enhance its capacity

Israel Diamond Exchange office to open in Dubai

The IDE office will contribute to ease of trade for Israeli diamond companies operating in Dubai or looking to establish a presence in the emirate

UAE eyes more trade pacts to secure billions in investments

The UAE signed a deal with India recently

UAE and India sign Comprehensive Economic Partnership Agreement

The strategic partnership could boost the value of bilateral trade between India and the UAE to over $100bn within the next five years

UAE and Hungary launch economic cooperation programme

The agreement covers cooperation in areas such as trade, investment, SMEs, energy, tourism, technology, space and education among other areas

UK, GCC may sign post-Brexit trade deal this year, Bahrain says

Negotiations between the GCC and the UK have begun

Abu Dhabi introduces Dhs1,000 cap for tourism business licences

The revised fee structure is applicable to tourism business licences starting this month

Abu Dhabi

Khalifa Fund partners with eBay to support Abu Dhabi-based SMEs

eBay is the latest partner to join Khalifa Fund’s e-Empower initiative

Roland Berger and Start-Up Nation Central partner to tap opportunities in the GCC

The organisations will collaborate on strategic initiatives to promote business agreements between Israeli companies and GCC-based government and commercial entities

Dubai Multi Commodities Centre Authority

Dubai Multi Commodities Centre achieves record growth

More than 8,347 new companies joined DMCC between 2018 to 2021, with 2,485 companies joining DMCC last year

Dubai’s DAFZA, Export Bahrain sign agreement

The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation

Abu Dhabi Ports buoyed by surge in cargo volumes ahead of IPO

Revenue rose to Dhs2.8bn from Dhs2.3bn

UAE’s AD Ports to develop and operate terminal in Egypt’s Safaga Port

AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation

How the pandemic has reinvented trade

The demand for more seamless and end-to-end logistics services has risen dramatically to deal with market volatility

Indonesia wealth fund, DP World ink pact for port development

The two entities will form a consortium to explore long-term investment opportunities across the country

Dubai’s DP World ties up with CDC Group to create Africa investment platform

The platform will invest in origin and destination ports, inland container depots, economic zones and other logistics across Africa

UK starts trade deal process with Saudi Arabia, Gulf

British trade with the GCC was worth about $61bn in 2019

Dubai’s Jafza registers nearly 40% growth in new customer registrations in H1 2021

The free zone generated trade worth $104.2bn in 2020

DAFZA accounted for 11% of Dubai’s non-oil foreign trade in H1 2021

H1 trade in the freezone grew 34 per cent over the corresponding period last year to reach Dhs77bn

Developer Ithra Dubai to launch Gold Souk extension in Q4 2021

The extension includes Maryam and Hind Plazas, covers an area of around one million and two hundred thousand square feet

Dubai non-oil trade

Dubai’s non-oil external trade grew 31% y-on-y to Dhs722bn in H1 2021

China remained Dubai’s biggest trading partner with Dhs86.7bn worth of trade, up 30.7 per cent over H1 2020

UAE, India aim to double trade to $100bn in five years

Indian nationals make up one of the largest population groups in the UAE

Dubai Chamber welcomes 16,000 new companies during Jan-Aug 2021

The chamber’s total membership count has scaled past 275,000

Dubai’s DP World to invest £300m in London Gateway logistics hub

The company aims to increase supply chain resilience