Dubai DMCC Diamond Exchange

Dubai’s DMCC cuts business registration fees for diamond companies by 50%

DMCC also said that newly registered companies will be offered a free 12-month membership of the Dubai Diamond Exchange

DIFC

China strengthens fintech cooperation with Dubai through new agreement with DIFC

Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing

Abu Dhabi

Abu Dhabi records Dhs80.23bn non-oil foreign trade in first five months of 2020

Saudi Arabia was the emirate’s top trading partner during the period, accounting for Dhs17.91bn worth of trade

Half of SMBs in the UAE, 35% in Saudi reduced their workforce due to virus: study

Small businesses turn to digital channels to survive the pandemic

Jebel Ali Free Zone

Dubai’s Jafza records 10.6% y-on-y increase in retail and e-commerce business for 2019

There are over 1,000 companies from 96 countries that are a part Jafza’s Retail and General Trading sector

Dubai Chamber launches online marketplace for PPE products amid scaling demand

Businesses can use the marketplace to buy PPE at reduced costs, generate new leads, and build long-term partnerships with reliable suppliers 

DP World’s Dubai Trade portal launches e-delivery order to reduce disruptions

The company has already processed more than 17,000 transactions for over 1,400 customers

Dubai launches marine agency to regulate, promote dhow sector

The agency will be the only entity responsible for dealing with dhows during their presence in Dubai waters

China Innoway to set up regional office in Dubai's DMCC free zone

China’s Innoway to set up an office in DMCC to spur Dubai’s tech startup ecosystem

Innoway, dubbed China’s Silicon Valley, has incubated over 3,400 startups and raised approximately Dhs4.7bn

UAE food products trade amounted to Dhs31.7bn in Q1 2020

The value of the country’s food imports in the first quarter of this year amounted to Dhs17.98bn

Non-oil trade between UAE, Australia up 17.4% y-on-y in 2019

Aluminium, as well as fresh and chilled meat, topped the list of commodities imported by the UAE from Australia

Abu dhabi uae capital flag

UAE’s non-oil trade totals Dhs1.603 trillion in 2019

The UAE’s non-oil trade in 2019 grew 4.4 per cent from Dhs1.536 trillion in 2018

Covid-19 impact on GCC trade: How are the regional supply chains faring?

As a key international trading partner, how is the region protecting its supply chain during the current crisis?

jafza jebel ali free zone

JAFZA conducts massive disinfection across all facilities

The move is in line with Dubai government’s directive for private sector businesses to operate at full capacity

cardboard waste

Abu Dhabi temporarily bans exports of iron scrap, waste paper and cardboards

The decision is applicable for a period of four months starting May 15, 2020

Abu Dhabi Ports launches new feeder service to boost trade

SAFEEN FEEDERS will introduce a feeder service linking Abu Dhabi to ports serving the UAE, the wider Gulf region and the Indian subcontinent

KIZAD Truck Plaza

KIZAD to build largest truck plaza in the Middle East

The plaza, which will offer refueling and recreational facilities, will cover an area of more than 87,000 square metres

UAE’s DP World partners with TradeLens to digitise supply chains

DP World aims to connect all of its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens

Facebook Shops

Facebook, Instagram unveil ‘Shops’ platform to facilitate e-commerce

The new product will be introduced this summer in the US, and will be subsequently rolled out in other markets worldwide

Saudi Arabia boosts food spending at home and abroad to secure supply

Following the Covid-19 outbreak, the kingdom introduced two initiatives worth $665m to support farmers and facilitate food imports

Abu Dhabi Airports handled over 1,800 weekly cargo flights in March

The airport processed 7,315 cargo flights in March

Khalid Al Marzooqi Khalifa Industrial Zone Abu Dhabi

Khalifa Industrial Zone Abu Dhabi announces stimulus package for SMEs

Approximately 98 per cent of companies in Abu Dhabi are SMEs, contributing 29 per cent of the emirate’s GDP and 44 per cent of its non-oil economy

Emirates SkyCargo

Emirates SkyCargo operates nearly 100 daily flights to 65 cities worldwide from UAE

It is using the Emirates passenger fleet to transport cargo in the overhead bins and and on the seats, in addition to the belly of the aircraft

Dubai’s Q1 2020 external trade reaches Dhs323bn with China as largest trading partner

Customs transactions in Dubai reach 4 million in Q1 2020, up 60 per cent year-on-year

Abu Dhabi Customs launches economic stimulus package to support importers

A self-clearance service will allow companies to clear shipments themselves without resorting to customs brokers

British Business Group

British Business Group in the UAE launches new website to support companies

Nearly 65 per cent of British Business Group members say they need more clarity on the UAE government schemes available to them

Abu Dhabi mall employees to be tested for Covid-19; new guidelines for customers visiting shopping centres

The testing of the employees would be carried out in coordination with the Department of Health (DoH)

Dubai reduces instant licence fee by over 90 per cent to Dhs250

For existing licence holders, the new fee will apply at the time of renewals

Abu Dhabi’s main refinery makes China sales push after servicing

Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel

DAFZA announces incentives to support freezone companies

DAFZA will also cancel fines issued to companies