#trade

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 

Dubai reveals additional stimulus package worth Dhs1.5bn to support businesses

The stimulus package aims to support small and medium enterprises and a number of strategic sectors

Dubai launches marine agency to regulate, promote dhow sector

The agency will be the only entity responsible for dealing with dhows during their presence in Dubai waters

This UAE firm offers a letter of guarantee with no fees in less than 24 hours

UAE-based Finance House offers the Al Rabeh Guarantee service to support local businesses

Non-oil trade between UAE, Australia up 17.4% y-on-y in 2019

Aluminium, as well as fresh and chilled meat, topped the list of commodities imported by the UAE from Australia

Dubai Economy renews 33,874 licences through its ‘Auto Renewal’ service

The Business Registration & Licencing (BRL) sector also recorded a 62 per cent increase in auto renewal transactions during the first four months of 2020, compared to the same period in 2019

Khalid Al Marzooqi Khalifa Industrial Zone Abu Dhabi

Khalifa Industrial Zone Abu Dhabi announces stimulus package for SMEs

Approximately 98 per cent of companies in Abu Dhabi are SMEs, contributing 29 per cent of the emirate’s GDP and 44 per cent of its non-oil economy

Emirates SkyCargo

Emirates SkyCargo operates nearly 100 daily flights to 65 cities worldwide from UAE

It is using the Emirates passenger fleet to transport cargo in the overhead bins and and on the seats, in addition to the belly of the aircraft

Danielle Curtis Arabian Tavel Market

Dubai trade show Arabian Travel Market announces three-day virtual event in June

It will feature speed networking sessions, interviews with aviation keynote speakers and pre-recorded on-demand roundtables

Dubai’s Q1 2020 external trade reaches Dhs323bn with China as largest trading partner

Customs transactions in Dubai reach 4 million in Q1 2020, up 60 per cent year-on-year

British Business Group

British Business Group in the UAE launches new website to support companies

Nearly 65 per cent of British Business Group members say they need more clarity on the UAE government schemes available to them

Dubai reduces instant licence fee by over 90 per cent to Dhs250

For existing licence holders, the new fee will apply at the time of renewals

DAFZA announces incentives to support freezone companies

DAFZA will also cancel fines issued to companies

DP World

UAE’s DP World launches digital platform to move global trade online

It has also created Digital Freight Alliance, an online association that brings freight forwarders globally onto one platform

UAE’s Ministry of Climate Change and Environment expedites food import services

The move will facilitate a continued food supply in the lead to the month of Ramadan

Dubai World Trade Centre

Dubai World Trade Centre announces new measures to support businesses

A full refund will be offered to exhibitors on cancelled events and where a new schedule is not feasible for the participants

UAE-China Trade Up 10% In 2011

Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.