#trade

Oil tanker owner says ship attacked in Saudi Arabian Red Sea

The vessel, able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline

FedEx Express launches new route between UAE and Israel to strengthen ties

The route will support customers, particularly small-to-medium enterprises

poultry_farming_as_one_of_the_activities_of_the_training_center.

UAE bans import of birds, poultry from four countries due to bird flu concerns

The import ban extends to the Netherlands, Germany, several regions in the UK and select areas in Russia

Oman

UAE-Oman bilateral trade reached Dhs48bn in 2019

Oman is the UAE’s second largest trading partner in the Gulf

UAE non-oil trade

UAE non-oil trade reaches Dhs658.3bn in H1 2020

The five biggest trading partners of the UAE were China, Saudi Arabia, India, the US and Switzerland

UAE Israel

UAE delegation led by Obaid Humaid Al Tayer signs landmark agreements with Israel

The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region

Dubai

Dubai records Dhs551bn non-oil external trade in H1 2020

China remained Dubai’s largest trading partner with Dhs66.4bn worth of trade

Abu Dhabi Customs

Abu Dhabi Customs introduces incentives for importers

It is aimed at helping small and medium enterprises enhance their competitiveness

Abu Dhabi

Abu Dhabi Investment Office signs bilateral trade agreement with Israel Export Institute

ADIO will help connect Israeli companies with strategic entities and grant them access to resources in Abu Dhabi

Dubai-world-trade-centre-DWTC

Dubai World Trade Centre signs agreement with Israel for large-scale conferences and exhibitions

The commercial potential of agreements between the UAE and Israel is estimated at $500m per annum across several key sectors

Dubai

Dubai fines 8 businesses, warns 13 for violating Covid-19 protocols

The inspections teams also found that 656 commercial establishments fully complied with the precautionary measures

UAE-Bahrain trade returning to pre-Covid levels, H1 figures show

Trade between two countries hits $139.6m in June, highest since pandemic struck

Ras AL Khaimah

Ras Al Khaimah’s manufacturing sector exports grew 58% in 2019

A total of 137 countries imported products from Ras Al Khaimah

MICCO Logistics Abu Dhabi Ports

Abu Dhabi Ports acquire MICCO Logistics to help expand operations

MICCO was the first logistics company to set up in the Khalifa Industrial Zone Abu Dhabi

Dafza Israel

Dubai Airport Free Zone Authority signs agreement with Israeli Chamber of Commerce

DAFZA will provide incentives to Israeli companies wishing to establish their businesses within the emirate

Abu Dhabi Saudi Arabia

Non-oil trade between Abu Dhabi and Saudi Arabia amounted to Dhs493.8bn over last decade

Last year, the emirate’s exports to Saudi Arabia grew 156.7 per cent to Dhs25.76bn from Dhs10.03bn in 2010

Dubai

Non-oil trade between Dubai and Saudi Arabia amounted to Dhs500bn over last decade

In H1 2020 alone, Dubai’s external trade with Saudi reached Dh24bn

Abu Dhabi Ports

Abu Dhabi Ports announces expansion of Khalifa Port is on track

The expansion will substantially increase handling volumes by providing additional deep-water access and enhanced infrastructure

Israel UAE

Watch: First direct commercial flight from Israel to the UAE lands in Abu Dhabi

A delegation of Israelis and Americans were onboard El Al flight 971 that departed from Ben Gurion Airport in Tel Aviv earlier on Monday

UAE leads the GCC in economic diversification efforts – report

UAE ranks 16th in global rankings for ease of doing business

DP World

Dubai-based DP World acquires feeder operators for greater reach into Indian subcontinent

Transworld Feeders and Avana Global are independent feeder and Non-Vessel Operating Common Carriers (NVOCC) operators

jebel-ali-free-zone

Dubai’s foreign trade in medical sterilisers grows 23% to Dhs70m in H1

Exports rose by 20 per cent year-on-year to Dhs31m from Dhs25.7m, while re-exports stood at Dhs6.5m

Abu Dhabi Ports

Abu Dhabi ports’ non-oil foreign trade valued Dhs66.5bn for first four months of 2020

Re-exports fell 24.6 per cent year-on-year to Dhs13bn and non-oil exports by 8.5 per cent to Dhs18.3bn

DAFZA

Exports from Dubai’s DAFZA up 54% in Q1 2020

China accounted for the highest percentage of DAFZA’s trade, with 21 per cent valued at Dhs7.7bn

Dubai DMCC Diamond Exchange

Dubai’s DMCC cuts business registration fees for diamond companies by 50%

DMCC also said that newly registered companies will be offered a free 12-month membership of the Dubai Diamond Exchange

Dubai’s Emirates SkyCargo operates over 10,000 flights in 3 months

The flights facilitated the movement of essential commodities and other supplies for individual consumers and businesses worldwide

Dubai Food Security

Dubai’s external food trade valued at Dhs32bn in H1 2020

The emirate’s food imports reached Dhs22bn, while exports were recorded at Dhs5.5bn and re-exports amounted to Dhs4.5bn

Abu Dhabi

Abu Dhabi records Dhs80.23bn non-oil foreign trade in first five months of 2020

Saudi Arabia was the emirate’s top trading partner during the period, accounting for Dhs17.91bn worth of trade

Jebel Ali Free Zone

Dubai’s Jafza records 10.6% y-on-y increase in retail and e-commerce business for 2019

There are over 1,000 companies from 96 countries that are a part Jafza’s Retail and General Trading sector

Dubai Chamber launches online marketplace for PPE products amid scaling demand

Businesses can use the marketplace to buy PPE at reduced costs, generate new leads, and build long-term partnerships with reliable suppliers