World’s top oil traders see 2020 prices in the $50s

The ongoing US-China trade dispute is believed to be a major contributing factor to determining the price of oil next year.

Dubai’s non-oil foreign trade surges in first half of 2019

Non-oil foreign trade is up five per cent compared to the same period in 2018 – and 87 per cent since 2009

Dubai launches virtual company licences

The licences are said be a regional first

Women account for 60% of Dubai social media business licences – new data

UAE nationals constitute about 72 per cent of social media business licences issued since 2017

US-China trade war: How will it impact the Middle East?

The trade war between the United States and China seems to be continuing without end. So what might come next?

More Abu Dhabi business licences being issued

New business licences in Q2 2019 up 44 per cent from same period in 2018

Dubai’s DP World slams Djibouti’s plan to disregard international adjudications

The case has seen five rulings by London courts over the last three years

DP World’s Dubai shipping container volumes fall for fifth consecutive quarter

DP World blamed the drop on the loss of lower margin cargo and challenging market conditions

Kuwait moves to protect its ports amid Gulf tensions

Relations between Iran and the West have become increasingly strained

Dubai’s DP World set to raise $1.3bn in bonds and sukuk

The proceeds of the sukuk will be used for general corporate purposes

Dubai’s DP World hires Citi, StanChart for new 10-year Islamic bond

A series of investor meetings are set to be held in Hong Kong, Singapore and London

Canada export agency lifts “closed” status on Saudi Arabia-related business

Export Development Canada changed its position from “closed” to “open on a restricted basis”

DP World launches India-UAE Bridge initiative

The initiative aims to attract Indian trade and investment to its flagship Jebel Ali Port and Jebel Ali Free Zone

China’s East Hope Group considers $10bn investment in UAE

The Chinese manufacturing company is working with Kizad to develop industries over 15 years in a three-phase plan

Dubai’s Jebel Ali freezone waives Dhs35m in fines

Jafza said the move supports the UAE’s designation of 2019 as the ‘Year of Tolerance’

Dubai’s DP World acquires Canadian terminal Fraser Surrey Docks

The marine terminal has 1,200 metres of berth and 189 acres of yard

Importing cigarettes without ‘digital tax stamp’ now prohibited in the UAE

It will also be illegal to sell any unmarked cigarette packs in local markets as of August 1

Sheikh Mohammed meets with Chinese President in Beijing

The UAE leader is in Beijing to participate in the Belt and Road conference

DP World’s Q1 shipping container volumes fall in UAE, flat globally

The Dubai-based company handled 3.5 million TEU in the UAE, down 8.8 per cent year-on-year

Dubai’s DP World posts 10% rise in 2018 profit despite global trade tensions

The company’s full-year revenue was $5.65bn versus $4.72bn a year ago

14,000 social media accounts shut down in Dubai for selling counterfeit goods

The accounts, closed in 2018, had a combined 77.9 million followers

DP World asks court to halt antitrust probe at Mumbai port

Last year the Competition Commission of India said it suspected antitrust violations by DP World and Denmark’s A.P. Moller-Maersk at terminals they operate

Saudi oil exports up 12.7% in December

The value of Saudi non-oil exports rose 11.8 per cent in December

UAE denies change in policy regarding access to Qatar at ports

A news report had claimed that the UAE had eased a ban on shipping to and from Qatar

Dubai’s DMCC opens new coffee centre, in talks with major coffee traders

The centre can handle up to 20,000 tonnes annually of coffee, equivalent to $100m

UK has approached GCC states for post-Brexit trade pact – UAE minister

Sultan bin Saeed al-Mansouri also said it was important for UAE not to take sides in China-US trade tensions

Dubai’s DP World chairman says 2019 will be challenging

The US-China trade dispute has created uncertainty in the market

Dubai Chamber membership passes 231,000

An international push saw nearly 14,500 new companies join the chamber in 2018

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Brazilian poultry firm BRF aims to restore Saudi exports in three months

One of BRF’s plants lost its certification to export to the kingdom

Dubai’s DP World acquires additional stake in Australia unit

The deal values DP World Australia at an enterprise value of approximately $997m