joshua jahani

Why the GCC is emerging as a hub for global cross-border deals

With the region improving its status as a global trade hub, it is attracting more and more cross-border deals with countries such as the US, according to investment firm J&A

Dubai food trade

Dubai’s external food trade totalled Dhs52bn in 2020

In terms of volume, the overall trade weighed 17 million tonnes

Egypt seizes Suez Ship ‘Ever Given’ pending $900m compensation

The Suez Canal Authority has said compensation is needed to cover losses of transit fees

Dubai Chamber

Dubai Chamber members’ exports reach Dhs54.8bn in Q1 2021, up 6% y-on-y

Over 6,000 new member companies joined Dubai Chamber in the first three months of 2021

Dubai foreign trade

Dubai’s non-oil external trade reached Dhs1.182 trillion in 2020

China remained Dubai’s largest trading partner with Dhs142bn worth of exchanges in 2020

Dubai’s external trade with South Africa grows 17% to Dhs15.71bn in 2020

Agricultural and food products were the main commodities in Dubai’s trade with South Africa

Dubai’s World Logistics Passport initiative expands network

India, Indonesia, Thailand, Brazil, Colombia, South Africa and others have joined the initiative in the past 12 months

Trade between UAE, GCC worth Dhs229bn in 2019

Saudi Arabia is the UAE’s top trading partner, with a total of Dhs113.2bn in trade exchange in 2019

Dubai’s DAFZA appoints Marius Ciavola as CEO of Tradeling

Ciavola was the chief operating officer of Tradeling and played a pivotal part in setting up the company

DP World

Dubai’s DP World inks $1.2bn agreement to build port and logistics park in Indonesia’s Gresik

DP World Maspion East Java will become the sole operator of the container port with a design capacity of up to three million twenty-foot equivalent units

Tobacco Cigarette

Dubai Municipality confiscates 26 tons of paan, over 400,000 packs of cigarettes

The products did not conform to UAE specifications and did not bear a digital tax stamp

DP World, China Harbour vie for roles in Sudanese ports

DP World has expressed interest in developing the southern terminal at Port Sudan

Kuwait Dubai Trade

Dubai’s trade with Kuwait reached Dhs8.52bn in H1 2020

Dubai Customs revealed the figures ahead of Kuwait’s 60th National Day which falls on February 25

Aramex

Dubai Economy partners with Aramex to offer customised solutions for startups, freelancers

Aramex will provide DED Trader licence holders with Domestic and International Express delivery solutions, and comprehensive freight services and logistics assistance

DP World reports 7.6% gross volume growth in Q4 2020

Jebel Ali in Dubai handled 3.4 million TEU in Q4 2020, up 0.3 percent year-on-year

Dubai-based LetsTango.com partners with Aramex to market Thai products

Aramex will leverage its logistics network to reach more businesses and consumers

Dubai Customs

Dubai trade with Indonesia reaches Dhs5.4bn in 2020

It included Dhs4.42bn of imports, Dhs600m of exports, and Dhs380m of re-exports

Eitan Na’eh, head of mission at the newly established Israeli embassy in Abu Dhabi

Israel wants to build land corridor with UAE for movement of goods

Israel is looking into the potential of trailers and lorries carrying goods from the UAE reaching Israel in three days, and vice versa

flydubai Cargo

UAE’s flydubai Cargo certified to transport dangerous goods

Earlier this year, flydubai Cargo joined the World Logistics Passport, an initiative to increase trading opportunities between developing markets

Jebel Ali Port Dubai

Dubai-Israel: Trade hits Dhs1bn in five months

Trade between Israel and Dubai is estimated to grow to Dhs15bn in the next few years and generate over 15,000 jobs

UAE trade volume up more than 13% in Q4 2020: report

Global trade trend activity rises sharply as recovery builds momentum

Abraham Accords: Impact on talent synergies between the UAE and Israel

The relations between Israel and the UAE will have omnipresent long-term benefits through their similarities

Containers in the port, Luanda Province, Luanda, Angola

Dubai’s DP World signs 20-year concession agreement with Angola

DP World will invest $190m over the 20-year period which will increase the terminal’s annual throughput to approximately 700,000 TEUs per year

Dubai Customs completes 16 million transactions in 2020

The 2020 figures marked a 23 per cent rise from 13 million completed in 2019

Emirates Post expands operations into Israel

People in the UAE can now use EPG’s postal and international premium services to send items to Israel

Khalifa Port UAE

UAE’s non-oil trade reaches Dhs1.033 trillion for January-September 2020

China was the UAE’s leading trading partner with a total trade of Dhs124.45bn

Abu Dhabi

Bahrain scores high in cost-effective supply chains

FDi says Bahrain is competitive in construction permits, energy prices, and taxes

Smart Solution Logistics

DP World’s Smart Solution Logistics signs agreement with Israel’s Allalouf Logistics

The logistics sector’s contribution to the UAE’s GDP is projected to increase by 8 per cent in 2021

Trade, transport between GCC, Qatar could resume within a week – official

Legal cases Qatar filed against the UAE will also be suspended

Brexit trade deal: All the main details as EU, UK avoid chaotic breakup

The agreement, which runs more than 400 pages with an additional 800 pages of annexes, will be put to a vote in the UK parliament on Dec 30