#trade

WTO aims for modest outcomes at Abu Dhabi meeting

WTO aims for modest outcomes at Abu Dhabi meeting

The almost 30-year-old global watchdog tries to strike deals by consensus, but such efforts are becoming more and more difficult

WTO

World Trade Organization’s push for reform plagued by obstacles

At least 100 ministers will gather in Abu Dhabi on February 26-29 for the WTO’s 13th ministerial conference once dubbed the “reform ministerial”

UAE, Arab countries sign agreements to avoid double taxation

UAE signs agreements with Arab countries to avoid double taxation

The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges

UAE-Cambodia CEPA goes into effect: Here’s how free trade pacts lift growth

The agreement is expected to boost trade and investment flows in priority sectors such as logistics, infrastructure, travel, tourism, and renewable energy

MoF issues new law governing public-private-partnrships-Photo-courtesy-WAM.jpg

UAE: MoF issues new law governing public-private partnerships

The new law will accelerate the implementation of projects that offer added value for public funds, minimise financial and operational risks to the government

UAE and India exchange MoUs image courtesy WAMUAE and India exchange MoUs image courtesy WAM

UAE, India exchange key MoUs during Sheikh Mohamed’s visit

The UAE President is attending the Vibrant Gujarat Global Summit, taking place in the city of Gandhinagar, from January 10 until January 12

saudi arabia

Saudi Arabia trade surplus grows to $12bn — GASTAT

The trade surplus in Saudi Arabia remains stable amid continued levels of strong trade in the country

Dubai Customs notches up 13% surge in transactions

Dubai’s reputation as one of the top global shipping hubs is further entrenched amid a rise in customs transactions this year.

UAE-Jordan sign MoUs Image WAM

UAE, Jordan ink MoUs to expand investment cooperation in key sectors

The UAE’s Ministry of Investment has identified potential investments worth over $2bn for the projects in this partnership

UAE President welcomes King of Jordan Image WAM

UAE President Sheikh Mohamed receives Jordan’s King Abdullah

King Abdullah II bin Al-Hussein of Jordan is in the UAE on a state visit

ACWA Power and Dutch Companies sign MoU Image Acwa Power

ACWA Power, Dutch entities to explore green hydrogen export corridor

The parties will collaboratively explore the establishment of a green hydrogen export corridor between ACWA Power’s hydrogen production sites and the port of Amsterdam

 

UAE President and Singapore PM discuss bilateral relations Image WAM

UAE President, Singapore PM discuss bilateral relations

The two leaders discussed the need to promote the values of tolerance, coexistence, and dialogue, given their close link with regional and international peace and stability

UAE, Korea conclude CEPA negotiations Image courtesy WAM

UAE, South Korea successfully conclude CEPA negotiations

A UAE-Korea CEPA will reinforce East-West supply chains, facilitate FDI flows, and enhance joint research and knowledge exchange across a range of sectors

Maersk

Global air cargo demand up 1.5% in Aug, first annual growth since 2022: IATA

Air cargo capacity, measured in available cargo tonne-kilometers (ACTKs), was up 12.2 per cent compared to August 2022

4 Mous signed at UAE Armenia joint business forum Image courtesy WAM

UAE, Armenia ink MoUs at joint business forum in Yerevan

One of the agreements signed between both sides will see the establishment of the UAE-Armenia Business Council.

UAE and Serbia in talks to establish CEPA _ Image courtesy WAM

UAE, Serbia in talks to establish CEPA

The UAE is the third-largest market for Serbian exports, with non-oil trade between the two countries in H1 2023 hitting $57.6m

Abdalla Al Banna, VP of Regulatory Operations at DWTC

Interview: DWTC’s Abdalla Al Banna shares how the free zone is supporting Dubai’s D33 agenda

The VP of Free Zone Regulatory Operations, DWTC talks about how the authority is focused on supporting SMEs and sustainability, and is attracting global businesses to the emirate

Dubai Chamber inaugurates new office in Paris

Dubai Chamber strengthens presence in Europe with Paris office

The inauguration of the office is part of the ‘Dubai Global’ initiative, which seeks to attract new business, investment, and talent to the emirate

UAE, New Zealand enter preliminary talks on CEPA

UAE, New Zealand enter preliminary talks on CEPA

The two countries already share a productive trade relationship, with non-oil trade reaching $805m in 2022

DP World and Türkiye's Evyap Group sign partnership_Image WAM DP World

DP World acquires 58% equity stake in Turkey’s Evyap Port

The partnership will aim to enhance supply chain solutions in Turkey

GLobal goods trade barometer results q2 2023 Getty images

Global goods trade rises, backed by strong auto demand: WTO

Global import demand remained weak during Q2 2023, weighed down by sluggish economic growth in leading economies including the European Union and China

Dubai World Trade Centre Authority Free Zone sees 250% growth in H1 Image Dubai Media Office DWTCA

Dubai World Trade Centre Authority Free Zone sees 250% surge in licence renewals in H1’23

The free zone introduced the ‘Intelak Incubators’ initiative in H1, offering tailored accelerator and incubation programmes to startups

Dubai Chamber of Commerce names GCC as top export market for members in H1 2023 Image Dubai Media Office

GCC remains top export market for members in H1’23, reveals Dubai Chamber of Commerce

Saudi Arabia was the top destination for members’ exports in H1 2023, with the total value recording year-over-year growth of more than 15 per cent

Al Dhara and ADEX to supply wheat to Egypt in $500m deal image WAM

Al Dahra, ADEX partner to supply wheat to Egypt in $500m deal

Al Dahra currently farms 28,000 hectares in Egypt that help sustain the country’s food security by producing staple crops

Dubai GDP

Dubai’s GDP grows 2.8% in Q1 2023 to reach Dhs111.3bn

The city’s growth in the first quarter of 2023 significantly outpaced the growth rates of some of the most developed nations worldwide

Dubai Government mulls implementation of Common Law in Free Zones Dubai Airport Free Zones Image Dubai Media Office

Dubai explores implementation of common law in free zones

This potential adoption aims to bolster the emirate’s appeal for investors and Dubai’s global competitiveness

Here's how many transactions Dubai Customs processed in H1 2023

Dubai Customs reports H1 highlights, processes 14 million transactions

Dubai Customs reported a 10 per cent surge from the 12.7 million transactions registered in the same period last year

UAE-Japan Business Forum Image credit WAM

UAE, Japan ink 23 agreements, MoUs during business forum

The agreements cover sectors including energy, industry, advanced technology, AI, space, health, transport, conservation and circular economy

UAE, India trade hit Dhs1.41tn mark over 10-year period

UAE-India trade touches Dhs1.41tn over 10-year period

From 2013-2022, the trade growth rate between the two countries was 18.2 per cent, growing from Dhs159.72bn to Dhs188.8bn

DMCC welcomes over 1,400 companies in H! 2023 uptown & jlt Image DMCC

Dubai’s DMCC welcomes 1,456 companies in H1 2023

DMCC is now home to more than 23,000 member companies from across the world