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

UAE non-oil trade

UAE’s non-oil trade recorded at Dhs1.403 trillion in 2020

The UAE’s non-oil exports grew 10.1 per cent year-on-year in 2020 to Dhs254.6bn

UAE to grow trade ties in Asia and Africa

The Gulf state will expand economic ties with countries including South Korea, Indonesia, Kenya, Ethiopia and Turkey

Dubai trade port

Dubai ranks fifth globally in the International Shipping Centre Development Index

The top four destinations include Singapore, London, Shanghai and Hong Kong

ADQ announces intent to list Abu Dhabi Ports on ADX

ADQ to remain a majority shareholder of Abu Dhabi Ports following the listing

china-arab states expo

China-Arab States Expo closes with $24bn worth of deals

The fifth edition of the biennial China-Arab States Expo was held in China’s Ningxia Hui Autonomous Region from August 19-22

Honduran coffee

Video: How Honduran coffee makes the journey to the UAE

Joshua Jahani, owner of Jahani Trading, says that the family owns coffee farms in Marcala, Honduras

Potential hijack off UAE coast ends as boarders leave vessel

The UK Maritime Trade Operations said there was a “potential hijack” roughly halfway between Iran and the UAE on Tuesday

Dubai’s DAFZA records 8.3% increase in sales revenues for H1 2021

DAFZA also posted an 88.4 per cent rise in the number of registered companies in the first half of the year

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi

Sheikh Mohamed bin Zayed forms new board of Abu Dhabi’s Chamber of Commerce and Industry

The board will represent vital sectors and companies of all sizes across the emirate

Dubai’s pharmaceuticals, medical supplies trade up 31% in Q1

Trade volumes also grew during the period to reach 48,600, up 47 per cent year-on-year

DP World to buy Imperial Logistics in $890m bet on Africa

The deal is expected to close by the first quarter of 2022

Dubai’s DP World acquires US-based logistics provider

The transaction is subject to customary completion conditions

UAE to enter 25 new markets to boost foreign trade – Sheikh Mohammed

The UAE is seeking to grow its national exports by 50 per cent over the coming years

Abu Dhabi

Abu Dhabi’s non-oil foreign trade reached Dhs201.2bn in 2020

Its trade reduced 5.6 per cent compared to Dhs213.3bn recorded in 2019

Jebel Ali Free Zone

Dubai’s Jafza healthcare, pharma customer base grows 12%

There are 174 companies within this sector in the free zone, employing 1,100 people

DP World

DP World is said to weigh sale of stake in Jebel Ali Free zone

The port operator is working with advisers to gauge interest in the sprawling industrial park

Dubai external trade

Dubai’s non-oil external trade grows to Dhs354bn in Q1 2021

China remained Dubai’s largest trading partner in Q1 2021, with Dhs44bn worth of trade

Saudi Jeddah port eyes overseas deals after wealth fund backing

The Red Sea Gateway Terminal plans to invest in at least three international ports in the next five years

Dubai’s Aramex appoints Othman Aljeda as CEO

Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29

Dubai Airport Freezone Authority

Dubai Airport Freezone Authority’s non-oil foreign trade crossed Dhs119bn in 2020

China was DAFZA’s biggest trading partner accounting for 27 per cent of all trade valued at Dhs32.3bn

Abu Dhabi Ports

Abu Dhabi Ports issues $1bn 10-year bond

The issuance was more than 4.5 times oversubscribed

Ajman Free Zone

Ajman Free Zone registered 1,717 new companies in 2020

Offshore companies comprised 11 per cent of the total number of new companies

Dubai Multi Commodities Centre

DMCC to launch cacao centre in Dubai

DMCC will initially incubate a select range of cacao services within its DMCC Coffee Centre in Jebel Ali starting from mid-2021

DP World

Dubai’s DP World reports 10% volume growth in Q1 2021

DP World Limited handled 18.9 million TEU across its global portfolio of container terminals in the first quarter of this year

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