DWTC Expands Horizons: Record Events and Real Estate Growth in 2024

DWTC reports record events, real estate growth in 2024

Dubai World Trade Centre (DWTC) has broken new records in terms of attendance numbers at several of its key events, with 2.65 million attendees across their events last year

Sheikh Hamdan passes new resolution for free zone operations Image Dubai Media Office

Dubai Introduces new resolution to regulate free zone operations

The DET has the authority to issue licenses allowing free zone establishments to operate in mainland Dubai or to open branches within the emirate

Saudi limits foreign control: CMA restricts ownership to 49%

S&P lifts Saudi’s rating on economic shift away from oil

Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance

Sarah McEvitt of Alvarez & Marsal, Middle Easton Insights: Trump's tariffs and implications for Middle East businesses

Insights: Trump’s tariffs and implications for Middle East businesses

For Middle Eastern businesses trading with the US, it is crucial to prepare now for potential shifts in trade policies

UAE, Italy sign 3 investment MoUs in pharma, minerals and AI sectors

UAE, Italy sign 3 investment MoUs in pharma, minerals and AI sectors

The partnership agreements provide frameworks for investment in the life sciences value chain, resource development and digital infrastructure

DP World records highest cargo volumes at Jebel Ali Port since 2015

DP World records highest cargo volumes at Jebel Ali Port since 2015

According to DP World, 15.5 million TEUs and 5.4 million metric tonnes of breakbulk cargo handled in 2024

ADQ, Vietnam's SCIC ink MoU to explore investment opportunities

ADQ, Vietnam’s SCIC to explore investment opportunities

The partnership aims to strengthen bilateral relations between the UAE and Vietnam, following the signing of a CEPA in 2024

UAE foreign trade hits Dhs3tn milestone image-WAM

New record: UAE foreign trade hits Dhs3tn milestone in 2024

While global trade grew by only 2 per cent in 2024, the UAE’s foreign trade expanded at a remarkable 14.6 per cent, outpacing the global average by seven times

Trump administration: How has it affected Crypto markets

Trump tariffs: Stocks slump, trade war fears triggered

The US dollar shot to a record peak against the Chinese yuan in offshore trading

Dubai international Chambers attracts 207 companies in 2024 Image Dubai Media office

Dubai International Chamber welcomes 207 companies in 2024

This development reflects Dubai’s role as a global business hub and the chamber’s support of its economic growth through strategic international collaborations

PIF-owned Folk Maritime focused on driving regional trade, says CEO Poul Hestbaek

PIF-owned Folk Maritime focused on driving regional trade, says CEO

With Vision 2030 driving infrastructure growth, Saudi Arabia is poised to become a global logistics hub, and Folk Maritime will play a pivotal role in this transformation, says Poul Hestbaek

GCC region remains a significant player in global trade: report

GCC region remains a significant player in global trade: report

The report highlighted the region’s performance in commodity exports, with the GCC ranking fifth worldwide in 2023

Trump calls for $1 trillion Saudi investment, lower oil prices

Trump calls for $1tn Saudi investment, lower oil prices

On January 23, the Saudi State news agency said the kingdom wants to put $600 billion into expanded investment and trade with the US over the next four years

Trump Inauguration: Dollar dips, stocks creep higher as his second term dawns

Trump Inauguration: Dollar dips, stocks creep higher as his second term dawns

Trump promised a “brand new day of American strength” at a rally on Sunday, January 19.

Gold dips as dollar firms, investors weigh US rate outlook

Gold rate: Will prices rise this week?

Gold has been supported by weakness in the dollar after inflation data this week sided with rate-cut expectations

UAE and Malaysia sign MoU to collaborate in AI and tech sector Image courtesy WAM

UAE, Malaysia ink agreement to collaborate on AI, tech

The partnership will leverage AI and advanced data analytics to enhance national security, community safety, and operational efficiencies across both nations

Qatar's trade surplus narrows to QR57.7bn in Q3 2024

Qatar’s trade surplus narrows to QR57.7bn in Q3 2024

While the trade surplus narrowed year-on-year, the growth in exports compared to the previous quarter highlights a resilient trade environment

UAE to expand comprehensive economic partnership agreements (CEPA) in 2025 Image for illustrative purposes

UAE to expand CEPAs in 2025

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that the UAE’s CEPAs programme is designed to expand the country’s commercial and investment partnerships worldwide

Gold dips after hitting record high: Is a $3,800 surge next?

Gold prices hold steady in thin trading

In India, gold’s demand remained subdued last week as volatile prices prompted potential buyers to delay purchases, while higher rates in China are expected to potentially offset seasonal demand

Global trade expected to hit $33tn in 2024- UNCTAD report

Global trade expected to hit $33tn in 2024: UNCTAD

Developed economies led the charge in the third quarter, posting a 3 per cent rise in imports and 2 per cent growth in exports, indicating their stronger position in the global trade landscape

How the UK can aid the GCC to harness EdTech for inclusive learning

The UK’s cutting-edge solutions make it an ideal partner for the GCC countries in advancing inclusive and innovative education initiatives

Abu Dhabi Catalyst Partners, Investindustrial partner to drive regional growth

Abu Dhabi Catalyst Partners, Investindustrial partner to drive regional growth

The strategic partnership between ADCP and Investindustrial aligns with the UAE’s goals to foster innovation, attract foreign investment, and boost job creation within ADGM

UAE-Brazil Business Council inaugurates in São Paulo

UAE-Brazil Business Council inaugurates in São Paulo

The UAE-Brazil Business Council stands as a pivotal platform for ongoing cooperation, with an ambitious agenda to enhance trade and investment, and support long-term economic partnerships

Putin: BRICS infrastructure enough for cross-border payments

Before the summit, Russia outlined an alternative payment system in national BRICS currencies that would include a new messaging system

UAE, Serbia strengthen economic partnership, exchange CEPA

UAE, Serbia strengthen economic partnership, exchange CEPA

This agreement is poised to deepen trade ties and investment opportunities, focusing on priority industries, creating jobs, and bolstering supply chains

UAE reaches trade deal with New Zealand to boost exports, investment

UAE strikes CEPA deal with New Zealand to boost exports, investment

The trade agreement will remove tariffs on about 98.5 per cent of New Zealand’s exports immediately upon implementation

UAE President to begin state visit to US on Sept 23

UAE President to begin state visit to US on Sept 23

The UAE-US relationship, which spans more than five decades, is marked by robust economic ties, with bilateral trade reaching $31.4bn in 2023

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe

UAE, China look to strengthen comprehensive strategic partnership

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Chinese Premier Li Qiang met this week to discuss economic, political, and cultural cooperation between the nations

PHILADELPHIA, PENNSYLVANIA - SEPTEMBER 10: Republican presidential nominee, former U.S. President Donald Trump and Democratic presidential nominee, U.S. Vice President Kamala Harris debate for the first time during the presidential election campaign at The National Constitution Center on September 10, 2024 in Philadelphia, Pennsylvania. After earning the Democratic Party nomination following President Joe Biden's decision to leave the race, Harris faced off with Trump in what may be the only debate of the 2024 race for the White House. (Photo by Win McNamee/Getty Images)

Kamala Harris and Donald Trump spar in combative debate

In a boost to the Democratic Party’s campaign, Taylor Swift backed Kamala Harris for the US President