#trade

UAE’s non-oil foreign trade grows 17% in 2022

UAE’s non-oil foreign trade grows 17% in 2022

This is the first time that the country’s non-oil foreign trade has surpassed the Dhs2tn mark

Karl Hougaard shares the top businesses to star in the UAE in 2023

Top businesses to start in the UAE in 2023

The UAE offers a variety of business opportunities, both on and offline, for entrepreneurs looking to start new ventures in 2023

UAE President visits Pakistan

UAE President visits Pakistan

The two sides reviewed several regional and global issues of mutual concern and exchanged views

India-UAE Partnership Summit held in Dubai

India-UAE Partnership Summit held, underscores economic partnerships for joint growth

The summit showcased UAE-India economic ties and examined business opportunities in manufacturing and startups, agritech and food processing, healthcare, fintech and investment

Dubai Customs processes 25.7 million transactions in 2022

Dubai Customs processes 25.7 million transactions in 2022

Dubai Customs has been active in recycling counterfeit goods with more than 93 recycling operations that targetted 173,000 counterfeit items last year

UAE partners with WEF to support trade tech initiative

UAE partners with WEF to support trade tech initiative

The new initiative aims to digitalise international supply chains to enable faster and cost-efficient trade

Jadwa divests stake in Luberef

Davos 2023: Saudi Arabia open to talks on trade in currencies besides dollar

The world’s largest oil exporter is seeking to strengthen its relations with crucial trade partners

DMCC attracts record number of companies in 2022

Dubai’s DMCC witnesses ‘best-ever’ year for registrations, welcomes 3,049 businesses in 2022

This marks a year-on-year increase of 23 per cent, breaking the previous record set in 2021 when DMCC registered 2,485 new members

Dubai economic growth plan d33

Here’s what Dubai’s ambitious D33 agenda aims to achieve

The first set of projects includes the Dubai Unified License that will provide a unique commercial identity for all companies across economic zones

Dubai

Dubai’s GDP grows 4.6% during first nine months of 2022

The emirate hosted 10.12 million international visitors from January through September 2022, compared to 3.85 million welcomed during the same period last year

Africa

AD Ports Group, Africa Finance Corporation ink deal

The two organisations aim on identifying, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa

UAE, Ukraine announce intent to negotiate comprehensive economic partnership agreement

UAE, Ukraine to begin negotiations towards comprehensive economic partnership agreement

In 2021, non-oil trade between the UAE and Ukraine reached $904.4m, increasing 28.4 per cent over the previous year

Poland opens representative office in UAE

Poland opens representative office in UAE

The UAE is one of Poland’s largest trading partners in the region, with non-oil trade reaching $1.3bn in the first 9 months of 2022

Saudi Arabia signs 6 MoUs courtesy Saudi Press Agency

Saudi Arabia signs six MoUs on opening day of 6th Future Investment Initiative

The agreements will support the efforts and objectives of the Ministry of Investment to attract investments, enable sectors to grow and facilitate access to investment opportunities

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

Non-oil trade between UAE, China crosses Dhs1.72tn in 10 years

Non-oil trade between the two countries in the first half of 2022 amounted to Dhs118.4bn

Non-oil trade between UAE and Oman

Non-oil trade between UAE and Oman crosses Dhs362bn in 10 years

Non-oil exports accounted for 33 per cent of the total non-oil trade during the past ten years

UAE, Saudi Arabia non-oil foreign trade

UAE, Saudi Arabia non-oil foreign trade grows 92.5% over past decade

Saudi Arabia was the UAE’s fourth leading trading partner from 2012 to 2021, with trade exchange amounting to Dhs904.3bn

Saudi Arabia ports throughput volume 2022

Saudi ports see increase in throughput volumes in past eight months

General cargo volumes were up 8.93 per cent to reach 5,722,622 tonnes, with dry bulk cargo hitting 32,723,465 tonnes, reflecting a 7.16 per cent increase

Kezad Group

AD Ports launches KEZAD Group to streamline services for strategic industries

The launch of KEZAD Group opens new opportunities to scale up adjacent businesses such as KEZAD Communities, which provides integrated solutions for staff residential communities

DP World Q2 2022 gross container volume growth reported

DP World sees 2.9% rise YoY in gross container volumes in Q2 2002

Growth was driven by a strong performance across DP World’s Asia Pacific, Americas and Australia terminals

UAE Indonesia

UAE inks economic pact to boost trade with Indonesia

The Indonesia deal is the UAE’s third major trade pact since it announced the plan to broaden its economic relationships in 2021

Oil

Oil set for first monthly decline this year before OPEC+ meeting

Oil is still up around 45 per cent this year as the global economic recovery coincided with upended trade flows

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

UAE’s trade surplus with GCC countries equals Dhs134.7bn in 2021

UAE imports from GCC countries in 2021 increased to Dhs56.3bn, compared to Dhs43.8bn in 2020

Agreement

UAE, Israel sign comprehensive economic partnership agreement

The agreement will support service sectors such as hospitality, financial services, distribution and construction

non-oil foreign trade

UAE reports nearly Dhs500bn in non-oil foreign trade for Q1 2022

The Q1 2022 figure of Dhs499.7bn marked a growth of 20.5 per cent over the same period in 2021

Abu Dhabi non-oil trade

Abu Dhabi’s non-oil foreign trade reached Dhs61.5bn in Q1 2022

Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn

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

UAE Israel

The UAE reaches trade agreement with Israel

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