INVESTMENT

Bahrain signs $1.3bn strategic investment deal with UK

The agreement aims to facilitate investment in sectors such as clean technology, business services and manufacturing

dubai customs

Dubai Customs announces customs policies following trade deals

The customs authority has set up specialised customs centres and departments to ensure smooth flow of good and services

Dubai Chamber forays into the EU

Dubai Chamber inaugurates first European office in London

The chamber said the new office is aimed at strengthening relationships with key public and private sector stakeholders

UAE, Kazakhstan trade credit agencies sign an MoU

UAE, Kazakhstan export credit agencies sign agreement to boost trade

The two entities agreed to form a task force to explore more opportunities for cooperation, with a focus on seven strategic areas

Arab-China Business Conference image Saudi Ministry of Investment

Arab-China Business Conference: Deals worth $10bn inked on opening day

Trade between China and Saudi Arabia alone exceeded $106bn last year, representing a 30 per cent growth rate during 2021

JEPLAN and Rebound to collborate Image credit Rebound

UAE’s Rebound, JEPLAN to jointly explore set-up of recycle PET market in the UAE

Through a joint study, the companies will seek the participation of partner companies in the UAE to establish a supply chain for recycled PET in the UAE

UAE-India CEPA talks

UAE-India CEPA impact: Bilateral non-oil trade reaches $50.5bn

The CEPA came into effect on May 1, 2022, and was the UAE’s first-ever bilateral trade deal

Dubai Chambers Image credit WAM Dubai Chambers Dubai Media Office

Dubai Chamber of Commerce welcomes 15,366 new member companies in Q1 2023

The first quarter saw the chamber achieve its goal of establishing more than 100 business groups from various sectors and economic activities

UAE Exports to lead country's growth

UAE exports projected to reach Dhs2tn by 2030: report

The country’s transformation to a high-tech manufacturing and innovation hub will see its exports reach around Dhs2tn by 2030

trade finance

DP World, Standard Bank partner to expand trade finance in Africa

The partnership will help in closing the gap in unmet demand for working capital on the continent

Kemi Badenoch in UAE for trade talks

UK trade secretary Kemi Badenoch rounds off Gulf trip with visit to the UAE

The British trade secretary’s visit to the UAE focused on growing bilateral economic relations and creating momentum for a UK-GCC trade deal

critical mineral

UK-GCC trade talks: Saudi Arabia-leg sees focus on critical minerals

The UK and Saudi Arabia signed a declaration of intent to jointly develop resilient and responsible critical mineral supply chains

Khalifa Fund launches Franchise UAE image credit KFED

Franchise UAE: Khalifa Fund launches new portal to help businesses buy and sell franchises

Franchise UAE is designed to cater to both existing, homegrown businesses seeking to develop a franchise and aspiring entrepreneurs looking to invest in an established business concept

UK Business and Trade Secretary Kemi Badenoch

UK Business and Trade Secretary Kemi Badenoch on Gulf states tour

Badenoch’s trip comes as the total trade between the UK and GCC reached a record high of GBP61.3bn in 2022

Mumbai

DMCC opens representative office in Mumbai to bolster UAE-India relations

The new office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC

UAE France

UAE, France trade grew 17%, reached Dhs29.5bn in 2022

The bilateral trade between the two countries consisted of imports valued at Dhs25.2bn, while exports and re-exports were valued at approximately Dhs4.2bn

UAE an enabler of global trade

UAE, Thailand agree to launch CEPA negotiations

The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

Arabian Travel Market Dubai 2023 Photo WAM

Arabian Travel Market 2023 starts on May 1

For the first time, Arabian Travel Market 2023 will feature a Sustainability Hub, which will offer a venue for sessions dedicated to the latest sustainable travel trends and innovations

UAE and Vietnam trade

UAE, Vietnam to launch free trade talks

The trade and investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021

UAE global merchandise trade crosses one trillion dollars Getty images

UAE’s global merchandise trade exceeds $1tn in 2022

According to WTO data, the UAE ranked 11th in terms of exports of commodities and was the 18th importer of global merchandise goods worldwide

UAE cabinet meeting March 2023 photo courtesy WAM

UAE approves 24 national initiatives, aims to double re-exports in 7 years

Additionally, the UAE cabinet meeting reviewed more than 19 initiatives to attract talent to the country

Central bank projection for GDP growth in 2024 GettyImages-1432592872-e1670484896463

UAE central bank projects GDP growth rising to 4.3% in 2024

In 2023, inflation is projected to decelerate to 3.2 per cent, on the back of softer price increases in all categories

UAE_israel sign customs agreement and activate CEPA photo courtesy WAM

UAE, Israel ink customs agreement to boost trade ties, activate CEPA

The UAE-Israel Comprehensive Economic Partnership Agreement was signed in May last year

dubuy.com welcomes Al Naboodah Group Photo DP World

Al Naboodah Group joins DP World’s DUBUY.com

The new partnership will accelerate Al Naboodah Group’s business-to-business trade, providing visibility of its products at the click of a button

UAE and Georgia sign CEPA

UAE, Georgia sign comprehensive economic partnership agreement

The UAE now accounts for more than 63 per cent of the total volume of Georgia’s trade with Arab countries

DUBai World Trade Centre DWTC photo courtesy Dubai Media Office twitter

Here’s how many visitors Dubai’s DWTC welcomed in 2022

Dubai World Trade Centre hosted 244 exhibitions and events in 2022, growing by 39 per cent over the previous year

Non-oil foreign trade between UAE, Kuwait grows 87% over a decade

UAE, Kuwait non-oil trade grows 87% over decade

Non-oil foreign trade between the UAE and Kuwait reached Dhs43bn by the end of 2022

DP World

DP World inks cooperation pact to spur Greater Caspian Region-Africa trade

The partnership will provide cargo owners with easy booking and shipment tracking via DP World’s SeaRates platform

Lorenzo Jooris on UAE-China ties

Opinion: Why the re-opening of China is good news for UAE’s economy

In 2021, non-oil trade between the two countries totalled almost $60bn, resulting in a 27 per cent growth on the previous year

DMCC says diamond trade grew by 17% in 2022

Dubai’s DMCC sees 17% rise in diamond trade in 2022

According to DMCC’s figures, trade for rough and polished diamonds touched $37.4bn in 2022