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

Dubai Chamber member exports and re-exports H12022

Dubai Chamber of Commerce: Member exports and re-exports exceed Dhs129bn in H1 2022

The chamber issued more than 357,000 certificates of origin between January and June 2022, marking a year-on-year increase of 9 per cent

Dubai Business licenses in H1 2022

Dubai issues 45,653 new business licenses in H1 2022

Around 55 per cent of the new business licenses issued in Dubai during H1 2022 were professional and 45 per cent were commercial

Union Coop begins first day of trading on Dubai Financial Market

Union Coop begins first day of trading on Dubai Financial Market

Trading commenced under the symbol ‘UNIONCOOP’ on July 18

UAE-Turkiye meeting in July

UAE, Türkiye explore collaboration in energy, tech and industry

Türkiye accounts for more than three per cent of the UAE’s non-oil foreign trade and is its seventh largest trading partner

UAE foreign minister discusses bilateral cooperation with Indonesia

UAE foreign minister discusses bilateral cooperation with Indonesia

The UAE and Indonesia signed the comprehensive economic partnership agreement (CEPA) in July

Dragon Oil signs ten additional years of partnership with Turkmenistan

Dubai’s Dragon Oil signs ten-year extension with Turkmenistan

The company’s investments during the contract extension period is expected to reach another $7-8bn

DMCC reports record H1 2022

Dubai’s DMCC reports record H1 2022 performance, registers 1,469 firms

Growth driven by strong commodities trade performance, continued appetite for the DMCC Crypto Centre, and the ease of setting up and doing business at DMCC

Saudi company Afanar to invest in Egypt-GettyImages-1080377280

Saudi Arabia’s Alfanar Global Development to invest SAR2bn in Egypt

The agreements – focused on tech for renewable energy, IT, digital solutions and cybersecurity – were signed on the sidelines of Saudi Crown Prince Mohammed bin Salman’s visit to Egypt

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

logistics park

Dubai’s DP World, Saudi Ports Authority sign agreement to build logistics park at Jeddah Islamic Port

The new facility will offer warehouse space of 100,000 square metres

Dubai International Chamber - Mexico

Dubai International Chamber to open new representative office in Mexico City

Mexico is Dubai’s second largest trading partner within Latin America and bilateral non-oil trade exceeded Dhs4.44bn in 2021

Germany

UAE, Germany non-oil trade totals Dhs478bn in 10 years

Imports accounted for 89.5 per cent of the total trade exchange

Abu Dhabi Exports Office Capital Bank of Jordan

Abu Dhabi Exports Office, Capital Bank of Jordan financial deal to boost trade

The agreement will enable the availability of credit to the tune of Dhs73.4m to enhance the UAE’s exports to Jordan

DMCC

Dubai’s DMCC signs agreement with Brooklyn Chamber of Commerce

The two entities will work together on a number of initiatives to promote bilateral trade and support the expansion of American businesses in Dubai

Dorian Barak UAE- israel council

UAE-Israel trade to reach $2.5bn in 2022

Dorian Barak, co-founder of the UAE-Israel Business Council, talks about the impact of the free trade agreement between the two nations and how the council aims to support companies in both countries

UAE and Japan strengthen bilateral ties in various sectors

The meetings focused on UAE’s preparations to host COP28 in 2023 and strengthen economic, energy and industrial cooperation between the two countries

Dubai Chamber Israel meeting

Dubai International Chamber to open representative office in Israel

Dubai International Chamber has identified the Israeli market among its top 30 priority markets

Duque free zone launches in Dubai

DUQE free zone launches operations from Dubai’s QE 2 hotel

DUQE has allied with PCFC to offer full integrated support to entrepreneurs to help them set up and expand their business

Revealed: Dubai ranked as top global destination for business events

Dubai was among the first destinations to resume in-person business events after the Covid-19 pandemic, hosting them as early as October 2020

AD Ports Group

AD Ports Group reports 41% rise in net profit for Q1 2022

The group reported Dhs1.047bn in revenue for Q1 2022, posting 15 per cent year-on-year growth

Indonesia UAE reinsurance agreement

Indonesia, UAE sign reinsurance agreement to boost bilateral trade

The two state-owned institutions will make it easier for UAE and Indonesia-based companies to access funds to pursue their international expansion

Sharjah city skyline

Sharjah Chamber of Commerce and Industry reports rise in new companies in Q1 2022

The SCCI revealed an estimated 1,996 new companies joined the body, with 15,572 memberships being renewed

Interview: Nour Sabri, founder of BorrowMe, on why renting items is good for the planet

Sabri shares what inspired him to set up the business, which enables people in the UAE to rent almost anything they need instead of buying it

Dubai ranked among top five global maritime hubs

AD Ports signs MoU to create UAE-Kuwait virtual trade corridor

The virtual trade corridor will help customs authorities in both countries access pre-arrival information for international cargo movements

UAE Israel

The UAE reaches trade agreement with Israel

The official signing of agreement is expected to follow in the coming weeks

Container Ship

UAE’s AD Ports Group to manage operations at Egypt’s Ain Sokhna Port

A feasibility study will be conducted into the future development of Ain Sokhna Port to explore potential investment opportunities to enhance its capacity

Israel Diamond Exchange office to open in Dubai

The IDE office will contribute to ease of trade for Israeli diamond companies operating in Dubai or looking to establish a presence in the emirate

UAE eyes more trade pacts to secure billions in investments

The UAE signed a deal with India recently

UAE and India sign Comprehensive Economic Partnership Agreement

The strategic partnership could boost the value of bilateral trade between India and the UAE to over $100bn within the next five years