UK inflation at new 40-year high worsens living standards crisis

UK, GCC may sign post-Brexit trade deal this year, Bahrain says

Negotiations between the GCC and the UK have begun

Abu Dhabi introduces Dhs1,000 cap for tourism business licences

The revised fee structure is applicable to tourism business licences starting this month

Abu Dhabi

Khalifa Fund partners with eBay to support Abu Dhabi-based SMEs

eBay is the latest partner to join Khalifa Fund’s e-Empower initiative

Roland Berger and Start-Up Nation Central partner to tap opportunities in the GCC

The organisations will collaborate on strategic initiatives to promote business agreements between Israeli companies and GCC-based government and commercial entities

Dubai Multi Commodities Centre Authority

Dubai Multi Commodities Centre achieves record growth

More than 8,347 new companies joined DMCC between 2018 to 2021, with 2,485 companies joining DMCC last year

Dubai’s DAFZA, Export Bahrain sign agreement

The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation

Abu Dhabi Ports buoyed by surge in cargo volumes ahead of IPO

Revenue rose to Dhs2.8bn from Dhs2.3bn

UAE’s AD Ports to develop and operate terminal in Egypt’s Safaga Port

AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation

How the pandemic has reinvented trade

The demand for more seamless and end-to-end logistics services has risen dramatically to deal with market volatility

Indonesia wealth fund, DP World ink pact for port development

The two entities will form a consortium to explore long-term investment opportunities across the country

Dubai’s DP World ties up with CDC Group to create Africa investment platform

The platform will invest in origin and destination ports, inland container depots, economic zones and other logistics across Africa

UK inflation at new 40-year high worsens living standards crisis

UK starts trade deal process with Saudi Arabia, Gulf

British trade with the GCC was worth about $61bn in 2019

Dubai’s Jafza registers nearly 40% growth in new customer registrations in H1 2021

The free zone generated trade worth $104.2bn in 2020

DAFZA accounted for 11% of Dubai’s non-oil foreign trade in H1 2021

H1 trade in the freezone grew 34 per cent over the corresponding period last year to reach Dhs77bn

Developer Ithra Dubai to launch Gold Souk extension in Q4 2021

The extension includes Maryam and Hind Plazas, covers an area of around one million and two hundred thousand square feet

Dubai non-oil trade

Dubai’s non-oil external trade grew 31% y-on-y to Dhs722bn in H1 2021

China remained Dubai’s biggest trading partner with Dhs86.7bn worth of trade, up 30.7 per cent over H1 2020

UAE, India aim to double trade to $100bn in five years

Indian nationals make up one of the largest population groups in the UAE

Dubai Chamber welcomes 16,000 new companies during Jan-Aug 2021

The chamber’s total membership count has scaled past 275,000

Dubai’s DP World to invest £300m in London Gateway logistics hub

The company aims to increase supply chain resilience

UAE non-oil trade

UAE’s non-oil trade recorded at Dhs1.403 trillion in 2020

The UAE’s non-oil exports grew 10.1 per cent year-on-year in 2020 to Dhs254.6bn

UAE to grow trade ties in Asia and Africa

The Gulf state will expand economic ties with countries including South Korea, Indonesia, Kenya, Ethiopia and Turkey

Dubai trade port

Dubai ranks fifth globally in the International Shipping Centre Development Index

The top four destinations include Singapore, London, Shanghai and Hong Kong

ADQ announces intent to list Abu Dhabi Ports on ADX

ADQ to remain a majority shareholder of Abu Dhabi Ports following the listing

china-arab states expo

China-Arab States Expo closes with $24bn worth of deals

The fifth edition of the biennial China-Arab States Expo was held in China’s Ningxia Hui Autonomous Region from August 19-22

Honduran coffee

Video: How Honduran coffee makes the journey to the UAE

Joshua Jahani, owner of Jahani Trading, says that the family owns coffee farms in Marcala, Honduras

Potential hijack off UAE coast ends as boarders leave vessel

The UK Maritime Trade Operations said there was a “potential hijack” roughly halfway between Iran and the UAE on Tuesday

Dubai’s DAFZA records 8.3% increase in sales revenues for H1 2021

DAFZA also posted an 88.4 per cent rise in the number of registered companies in the first half of the year

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi

Sheikh Mohamed bin Zayed forms new board of Abu Dhabi’s Chamber of Commerce and Industry

The board will represent vital sectors and companies of all sizes across the emirate

Dubai’s pharmaceuticals, medical supplies trade up 31% in Q1

Trade volumes also grew during the period to reach 48,600, up 47 per cent year-on-year

DP World to buy Imperial Logistics in $890m bet on Africa

The deal is expected to close by the first quarter of 2022