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

Etihad Cargo_Astral Aviation MoU_February 2023

Etihad Cargo, Astral Aviation sign MoU to grow African network

With the agreement, Etihad Cargo customers will benefit from additional cargo capacity out of Nairobi via the introduction of additional services from Nairobi to its hub in Abu Dhabi from April 1

UAE’s non-oil foreign trade grows 17% in 2022

UAE’s non-oil foreign trade grows 17% in 2022

This is the first time that the country’s non-oil foreign trade has surpassed the Dhs2tn mark

DP world open new trade routes in 2022

Dubai’s DP World reports 1.4% rise in gross container volumes in 2022

Jebel Ali handled 14 million TEU (twenty-foot equivalent units) in 2022, up 1.7 per cent year-on-year

Saudi Omani conference Photo courtesy saudi press agency SPA

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh

AD Ports Group

AD Ports Group signs MoU with Türkiye’s Tosyalı

The agreement will enable collaboration across shipping, logistics, freight forwarding and port management

India-UAE Partnership Summit held in Dubai

India-UAE Partnership Summit held, underscores economic partnerships for joint growth

The summit showcased UAE-India economic ties and examined business opportunities in manufacturing and startups, agritech and food processing, healthcare, fintech and investment

Dubai Customs processes 25.7 million transactions in 2022

Dubai Customs processes 25.7 million transactions in 2022

Dubai Customs has been active in recycling counterfeit goods with more than 93 recycling operations that targetted 173,000 counterfeit items last year

UAE partners with WEF to support trade tech initiative

UAE partners with WEF to support trade tech initiative

The new initiative aims to digitalise international supply chains to enable faster and cost-efficient trade

Majid Al Futtaim launches MENAP economic integration barometer_trading_freepik.com

What Majid Al Futtaim’s new MENAP Economic Integration Barometer reveals

The barometer, developed to systematically track progress on an annual basis, will offer a deeper understanding of the status of MENAP economic integration

Jadwa divests stake in Luberef

Davos 2023: Saudi Arabia open to talks on trade in currencies besides dollar

The world’s largest oil exporter is seeking to strengthen its relations with crucial trade partners

UAE president meet Pakistan head of state courtesy WAM

UAE President receives Pakistan PM, leaders discuss cooperation

The leaders also witnessed the announcement of three memoranda of understanding

Saudi Arabia’s ports show 13% yoY rise in cargo handled in 2022

Saudi Arabia’s ports record 13% year-on-year rise in cargo handled in 2022

The kingdom’s trade gateways also welcomed 933,000 passengers in 2022, a 36 per cent spike from 2021 when 688,000 passengers arrived in the country

DMCC attracts record number of companies in 2022

Dubai’s DMCC witnesses ‘best-ever’ year for registrations, welcomes 3,049 businesses in 2022

This marks a year-on-year increase of 23 per cent, breaking the previous record set in 2021 when DMCC registered 2,485 new members

UAE to host World Trade Organisation Ministerial Conference in 2024

UAE to host World Trade Organisation Ministerial Conference in 2024

The conference will be held in Abu Dhabi in the first quarter of 2024

UAE's Agthia Group partners with AD Ports Group to enhance supply chain connectivity

UAE’s Agthia Group partners with AD Ports Group to enhance supply chain connectivity

Both companies will collaborate to optimise Agthia’s logistics operations

Poland opens representative office in UAE

Poland opens representative office in UAE

The UAE is one of Poland’s largest trading partners in the region, with non-oil trade reaching $1.3bn in the first 9 months of 2022

DMCC digitises gold trading

Dubai’s DMCC digitises gold trading in partnership with ComTech Gold

Comtech Gold tokens will be created on the XinFin Protocol blockchain network based on the deposit of physical gold bars located in DMCC-approved vaults

AD Ports Group,TotalEnergies partner to explore solar opportunities

AD Ports Group, TotalEnergies partner to explore solar opportunities

Under the agreement, each partner will contribute expertise and technologies to conduct feasibility studies for distributed solar generation at KEZAD

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