Gulfood manufacturing Photo WAM

Gulfood Manufacturing 2022 concludes on a successful note

The three-day event saw global participation and highlighted key issues impacting food production and food service sectors

DMCC Logis agreement

Dubai’s DMCC, Panama’s Logis sign agreement to collaborate, share expertise

The free zones will share market insights, analysis, and forecasts to support the development of commodities trading

Abu Dhabi ADDED launches Phase 2 of Investor Journey

Abu Dhabi’s ADDED launches phase 2 of ‘Investor Journey’ programme

The Investor Journey programme has helped in facilitating ease of doing business by reducing costs and requirements, simplifying procedures, and enabling seamless integration of government services

AMAZON LAUNCHES INTELLECTUAL PROPERTY ACCELERATOR IN THE UAE

Amazon launches intellectual property accelerator in UAE to help SMBs trademark their brand

The IP Accelerator connects SMBs with a network of curated intellectual property law firms for trademark registration and advisory services

DAFZ-aerial-view

DAFZ records 36% YoY rise in non-oil trade in 2021, exceeds Dhs162bn in value

Asia accounted for 43 per cent of DAFZ’s total trade with a value of Dhs69.5bn, followed by the Middle East and North Africa

ecommerce_Dubai Chamber of Commerce study

UAE e-commerce market expected to touch $9.2bn by 2026: Dubai Chamber of Commerce

Total e-commerce sales in the UAE recorded remarkable growth in 2021, reaching $4.8bn during the year

DGCX Gold Futures

Dubai’s DGCX launches physical gold futures, spot gold contracts

These products provide traders and financial institutions the ability to use physical gold as collateral to access affordable sources of short-term lending

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

Non-oil trade between UAE, China crosses Dhs1.72tn in 10 years

Non-oil trade between the two countries in the first half of 2022 amounted to Dhs118.4bn

emirates skycargo united airlines

Emirates SkyCargo, United Cargo sign MoU to leverage combined networks

The agreement will build on existing cargo interline arrangements between both air cargo operators

DMCC concludes US roadshows, aims to grow UAE-US trade corridor

Following the two events in the US, DMCC’s team will travel to South America to engage with the business communities in Brazil over the coming weeks

ADQ and OIA to explroe investment opportunities

UAE’s ADQ, Oman’s OIA identify investment opportunities worth Dhs30bn

ADQ and OIA recently entered into a Dhs10bn partnership agreement to facilitate investments between the UAE and Oman across sectors of common interest

CEPA agreement

UAE, Georgia begin talks on comprehensive economic partnership agreement

The agreement aims to drive economic growth in the two countries

Safeen Feeders, Invictus

AD Ports’ Safeen Feeders, Invictus Investment to form JV, launch dry bulk shipping service

The two companies are expected to initially commit approximately Dhs463m for the investment into five ships

Indian exports to UAE rise five times since CEPA

Indian exports to UAE rise 14% YoY post CEPA

Indian exports to the UAE, excluding petroleum products, grew from $5.17bn from June to August last year to $5.92bn from June to August this year

oman weather alert - rain

Non-oil trade between UAE and Oman crosses Dhs362bn in 10 years

Non-oil exports accounted for 33 per cent of the total non-oil trade during the past ten years

FedEx insights on e-commerce

What’s driving the e-commerce industry: consumer behaviour or digital innovations?

More than ever, consumers now want fast, on-time and flexible delivery solutions, with the option of easy returns

UAE, Saudi Arabia non-oil foreign trade

UAE, Saudi Arabia non-oil foreign trade grows 92.5% over past decade

Saudi Arabia was the UAE’s fourth leading trading partner from 2012 to 2021, with trade exchange amounting to Dhs904.3bn

MoIAT, Korean Agency for Technology and Standards

UAE’s MoIAT, Korean Agency for Technology and Standards partner to boost standardisation

The aim of the MoU is to enhance technical collaboration and knowledge exchanges in standardisation to facilitate bilateral trade

Indian exports to GCC rise 44% to $43.9bn in FY 2021-22: FIEO

FIEO officials said paper and allied products exports to the GCC touched $638m in 2021 with the UAE taking a major share in the trade at $386m

DMCC in JLT to host ICA anual congress in 2023

UAE’s DMCC, International Coloured Gemstone Association to host ICA Annual Congress in Dubai

The ICA Annual Congress is set to take place from February 15 to 17 next year, at DMCC’s Almas Conference Centre

Plastic ban

Oman to ban import of plastic bags from January 2023

The ministry is working with concerned departments to develop specifications, ensuring a proper transition to alternatives

Saudi Arabia ports throughput volume 2022

Saudi ports see increase in throughput volumes in past eight months

General cargo volumes were up 8.93 per cent to reach 5,722,622 tonnes, with dry bulk cargo hitting 32,723,465 tonnes, reflecting a 7.16 per cent increase

Kezad Group

AD Ports launches KEZAD Group to streamline services for strategic industries

The launch of KEZAD Group opens new opportunities to scale up adjacent businesses such as KEZAD Communities, which provides integrated solutions for staff residential communities

HSBC executes first blockchain transaction for Middle East’s automotive sector

The Contour platform deploys decentralised technology to integrate digital networks for transfer of data across trade routes

DMCC

Dubai’s DMCC records twofold rise in Chinese companies over last five years

DMCC is home to 703 Chinese companies, constituting nearly 12 per cent of the total number across the UAE

AD Ports Group

Abu Dhabi’s AD Ports Group completes first international acquisition

The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International

UAE cabinet

UAE cabinet approves new law regulating public-private sector partnerships

The cabinet also approved the temporary licensing of the first electric cargo aircraft

Abu Dhabi’s Al Seer Marine partners with Singapore’s Netbulk to expand freight services

The agreement will help clients mitigate supply chain uncertainties

AbuDhabi_TelAviv

Abu Dhabi delegation to Tel Aviv explores business opportunities, strategic partnerships

The recent visit resulted in the signing of three agreements covering fintech, data protection and privacy, and cybersecurity

Abu dhabi introduces service for Consumer dispute resolution

Abu Dhabi launches new consumer dispute resolution service

The service is set up to settle disputes between consumers and commercial establishments within 21 days from the date that both parties appear before the consumer dispute resolution service team