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

Jafza registers 19% trade growth in 2021, generates over Dhs454.7bn

Jafza registers 19% trade growth in 2021, generates over Dhs454.7bn

More than 25 per cent of the new companies registered in the free zone belonged to the retail and general trading segment

DGCX ties up with FinMet

Dubai Gold & Commodities Exchange, FinMet collaborate to expand DGCX gold product offering

FinMet will provide bullion market analysis and advisory services to DGCX ahead of the planned launch of new gold products

UAE non oil trade crosses Dhs 1 trillion

UAE’s non-oil trade rises 17% to exceed Dhs1tn in H1 2022

The UAE’s non-oil exports were close to Dhs180bn, reflecting a growth rate of 8 per cent over the same period last year

free trade agreement

UK-GCC free trade agreement: What’s on offer?

Increased trade and investment can unlock further growth in the UK and the GCC, and an ambitious free trade agreement is imperative

Dubai sees 22% growth in commercial licencing transactions in H1 2022

Dubai sees 22% growth in commercial licencing transactions in H1 2022

The Department of Planning and Development – Trakhees aims to expand the services it provides, including issuing commercial licences and work permits

RAK Chamber members' exports total Dhs1.644bn in Q2 2022

RAK Chamber members’ exports total Dhs1.644bn in Q2 2022

The chamber registered 402 new establishments in Q2 2022, including 185 commercial establishments and 193 professional establishments

Non-oil trade

Abu Dhabi’s non-oil foreign trade amounts to Dhs124bn in H1 2022

Abu Dhabi registered a 26 per cent growth in exports valued at Dhs49.5 billion during this period

Ajman Chamber issues 19,008 certificates of origin worth over Dhs4.3bn

Ajman Chamber issues 19,008 certificates of origin worth over Dhs4.3bn

Libya topped the list of prominent export and re-export countries, followed by Saudi Arabia and Egypt

126-activities-added-to-Tajer-Abu-Dhabi

Abu Dhabi adds 126 new economic activities to ‘Tajer Abu Dhabi’ to support MSMEs

Activities under ‘Tajer Abu Dhabi’ represent 29.5 per cent of the total economic activities licensed and regulated by ADDED in 2021

UAE Kenya sign CEPA

UAE, Kenya to sign Comprehensive Economic Partnership Agreement

The UAE-Kenya CEPA will be the first bilateral trade deal that the UAE seeks to sign with an African nation

Gold holds gain as traders weigh outlook for Fed tightening path

Gold demand defies Q2 headwinds with YoY recovery in H1 2022: WGC

According to the World Gold Council, while the markets have seen prices ease from exceptionally high levels in Q1 2022, gold has been one of the best performing assets so far this year

ECI SAif Zone sign agreement

Etihad Credit Insurance, Hamriyah Free Zone, SAIF Zone partner to support SMEs

Etihad Credit Insurance will offer its range of flexible trade credit insurance and financial solutions, including its Sharia-compliant insurance product to startups and SMEs operating in the free zones