UAE and US non-oil trade hits $31.4bn in 2023 photo courtesy-WAM

UAE-US non-oil trade hits $31.4bn in 2023

The substantial trade volume and ongoing collaboration between the UAE and the US reflect a deep-rooted partnership built on mutual interests and shared objectives

Almas Tower in DMCC. DMCC is home to over 24,000 companies

Dubai’s DMCC now home to over 24,000 companies, reveals report

The free zone authority shared that a total of 2,692 new companies joined DMCC last year

Dubai diamond trade in 2023 Image Getty Images

Dubai diamond trade value dazzles at $38.3bn in 2023

The UAE remains largest trade hub for rough diamonds, with $21.3bn-worth of rough diamonds traded in 2023

World gold council and DMCC sign agreement to advance UAE's gold sector Image Getty Images

World Gold Council, DMCC tie-up brightens UAE’s status as key hub

The partnership coincides with the official opening of WGC’s new office in Dubai, establishing its regional headquarters for the Middle East

Italy Trade Commissioner

Italian Trade Commissioner on why the UAE loves ‘Made in Italy’

Highlighting the positive trends in the market, Soldani underscores the opportunities for trade and cooperation between the two countries

UAE pledges $10m to support fair and inclusive trade ahead of WTO MC13 meet on Feb 26 GettyImages-1436075399-e1668747452258

WTO MC13: UAE pledges $10m to boost fair trade

The UAE is hosting the WTO’s MC13, the organisation’s highest decision-making body, as well as representatives of the 166 member states from February 26-29

WTO

World Trade Organization’s push for reform plagued by obstacles

At least 100 ministers will gather in Abu Dhabi on February 26-29 for the WTO’s 13th ministerial conference once dubbed the “reform ministerial”

sultan al neyadi

World Governments Summit Day 3: Shah Rukh Khan, Sultan Al Neyadi, Hatem Dowidar on stage

Global leaders in sectors such as space, entertainment and tech will speak on Day 3 of the World Governments Summit

UAE-INDIA TRADE

UAE-India partnership: By the numbers

Despite global economic fluctuations, non-oil trade between the two countries remained robust, reaching $38.1bn in the first nine months of 2023

Indian PM Modi with UAE President Sheikh Mohamed bin Zayed

Indian Prime Minister Narendra Modi lands in UAE for two-day visit

The Indian leader has a packed itinerary during his visit where he is scheduled to hold bilateral talks with the UAE leadership, attend the World Governments Summit, and inaugurate a temple

UAE-Cambodia CEPA goes into effect: Here’s how free trade pacts lift growth

The agreement is expected to boost trade and investment flows in priority sectors such as logistics, infrastructure, travel, tourism, and renewable energy

Dubai Trade crosses 300 million transactions, cuts huge carbon footprint

Dubai Trade crosses 300 million transactions, cuts huge carbon footprint

Dubai Trade, the digital arm of DP World in the GCC region, has consistently demonstrated robust growth since it was formed, with an average 8 per cent year-on-year increase in annual digital transactions since 2003

MoF issues new law governing public-private-partnrships-Photo-courtesy-WAM.jpg

UAE: MoF issues new law governing public-private partnerships

The new law will accelerate the implementation of projects that offer added value for public funds, minimise financial and operational risks to the government

UAE and India exchange MoUs image courtesy WAMUAE and India exchange MoUs image courtesy WAM

UAE, India exchange key MoUs during Sheikh Mohamed’s visit

The UAE President is attending the Vibrant Gujarat Global Summit, taking place in the city of Gandhinagar, from January 10 until January 12

Sheikh Mohamed in Gujarat

UAE President Sheikh Mohamed lands in India for Vibrant Gujarat Global Summit

The Vibrant Gujarat Global Summit will see the participation of 34 countries and 16 international organisations in its 10th edition

DWTC to host over 70 exhibitions in H1 2024

Dubai: DWTC to host these key exhibitions, conferences in H1 2024

The upcoming events will take place across two venues – DWTC and Dubai Exhibition Centre (DEC) at Expo City Dubai

jobs in UAE, Saudi Arabia

Family-owned businesses ‘make up 90%’ of UAE’s private sector

The vast majority of businesses in the UAE are, interestingly, family-owned businesses, according to a key organisation representing this sector

Saudi wins bid to host World expo 2030 GettyImages-1169219013

Saudi Arabia wins bid to host World Expo in 2030

The kingdom will host the global event from October 2030 until March 2031

Ahmed Bin Sulayem Executive Chairman and CEO DMCC will chair the Kimberely Process as the UAE assumes chairmanship in 2024 Image DMCC

UAE to chair UN’s Kimberley Process in 2024

The Kimberley Process is a key United Nations initiative tasked with curbing the entry of conflict diamonds into the mainstream rough diamond market

UAE CANADA FM MEET

UAE-Canada talks: Foreign ministers meet in Abu Dhabi

The two sides also discussed the latest developments in the Middle East region and ways to protect all civilians from the repercussions of the current crisis

UAE GCC CHINA TRADE CONFERENCE

UAE participates in first GCC-China economy and trade ministerial conference

The conference was aimed at enhancing dialogue between the GCC and Chinese business communities to lead to the creation of diverse business opportunities

UAE President and Singapore PM discuss bilateral relations Image WAM

UAE President, Singapore PM discuss bilateral relations

The two leaders discussed the need to promote the values of tolerance, coexistence, and dialogue, given their close link with regional and international peace and stability

UAE President receives Singapore PM Image WAM

UAE President receives Prime Minister of Singapore in Abu Dhabi

The Singaporean Prime Minister also met Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance

US President Joe Biden (R) speaks with European Commission President Ursula von der Leyen

US-EU Summit: Prospects dim for trade deals, with focus on crises in Middle East, Ukraine

The US has proposed forming a largely tariff-free green steel club that would also be open to other allies

Egypt

UAE agribusiness in talks to acquire land in Egypt: Report

Egypt has been able to reclaim some desert as it seeks to feed a growing population but still only cultivates about 4 per cent of its total land area

UAE, Korea conclude CEPA negotiations Image courtesy WAM

UAE, South Korea successfully conclude CEPA negotiations

A UAE-Korea CEPA will reinforce East-West supply chains, facilitate FDI flows, and enhance joint research and knowledge exchange across a range of sectors

israel gaza crisis global financial markets

Global market reaction to a week of the Israel-Gaza crisis

Oil and gas markets have been where the nervousness has been most evident due to fears that Israel could become bigger

UAE-US trade talks

UAE-US trade talks: President Sheikh Mohamed bin Zayed meets US Secretary of Commerce

The two sides discussed non-oil trade opportunities and discussed ways for the two nations to strengthen their bilateral relationship

UAE GEORGIA CEPA

UAE and Georgia sign CEPA to boost trade

By removing or reducing tariffs on 95 per cent of product lines, the agreement is set to boost non-oil trade value beyond $1.5bn in the next five years.

UAE-INDIA TRADE TALKS

UAE, India sign MoU to develop domestic card scheme during high-level trade talks

The two countries signed multiple agreements during the trade meet which include digital payment systems, food security, and startups