UAE Coordinating INSTC Freight With Turkmenistan
The President of Turkmenistan, Serdar Berdimuhamedov has been meeting with the UAE Deputy Prime Minister Sheikh Mansour bin Zayed Al Nahyan, discussing large-scale transport system projects to be developed in Turkmenistan. Both sides have stated there are great prospects for establishing relations with foreign partners with extensive experience in this field, including well-known UAE companies.
UAE-India Bilateral Trade Up 10% Since CEPA Trade Agreement Signed
The UAE-India Closer Economic Partnership Agreement (CEPA), a trade deal signed off on February 18 last year and now at its first anniversary, has helped bilateral trade rise by 10% in the past twelve months. Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, speaking on Saturday (February 18) said “It is […]
Dubai Becomes Global Hub For Rough & Polished Diamond Trade
Dubai, through its Dubai Multi Commodities Centre (DMCC), a Free Trade Zone in the Emirate, has reported a 17% year-on-year increase in the value of diamond trade in 2022, worth a total of US$37.4 billion combined for rough and polished diamonds. This included a 42% rise in polished diamonds and a 7% rise in rough […]
An Introduction To Dubai’s Industrial Development Strategy
Dubai is scaling up efforts to transform itself into a global industrial and manufacturing hub and attract major investments across key sectors such as aerospace, pharma and medical equipment, and more. This is consistent with the Dubai Industrial Strategy which projects an additional US$5 billion in its industrial sector growth by 2030.
Afghanistan Looking To UAE For Development Assistance, But Reforms Are Needed To Access Foreign Investors Capital
Haji Obaidullah Sader Khail, the head of the Afghan business council in the UAE has stated in an interview with local media that Afghanistan is hoping for a good ecopolitical relationship with the UAE. “The United Arab Emirates’ relations with Afghanistan have been tied to economic issues since the relatively distant past.” he said.
Saudi-Russia Bilateral Trade Targeted At US$5 Billion
The Russian Ambassador to Saudi Arabia, Sergey Kozlov has said that there is plenty of room for growth in bilateral trade between Russia and Saudi Arabia, and that the two countries intend to reach an initial target of US$5 billion.
Dubai Opens Hong Kong Trade Office, Eye On Free Trade Agreement
The Dubai International Chamber of Commerce has announced the establishment of its new international office in Hong Kong, to drive mutual economic and business growth. The announcement was made on the sidelines of the UAE-Hong Kong Business Forum, which took place on February 9, in Dubai.
China’s Luxury Auto Brand Hongqi – As Used By Xi Jinping – To Be Sold In UAE
Chinese autos are making inroads into the luxury middle eastern market after Saudi Arabian auto distributor Altawkilat launches its dealership for the prestigious luxury Chinese auto brand Hongqi.
Turkiye-Syria Earthquake – Death Toll Could Reach 20,000 With Hundreds of Thousands Without Food, Heat Or Shelter
Article contains links to relief donation and contributions assistance The devastating earthquake that hit Southern Turkiye on Monday could result in a death toll of over 20,000, according to the WHO. The quake was 67km north-east of Kahramanmaraş, a city in the Mediterranean Region of the country, close to the border with Syria. Extensive […]
UAE-Cambodia CEPA Agreement Expected Later In 2023
Local Cambodian officials expect the Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement (CAM-UAE CEPA) to be signed in Phnom Penh later this year, at the fourth round of formal negotiations for the deal.