Other Briefings
Direct Indian Rupee – UAE Dirham Trade Settlement Available Soon
Trade settlements in Indian rupees and UAE Dirhams will soon be possible and is expected anytime soon as senior finance and bank officials from India are on a three-day trip to Abu Dhabi now, finalising the details of the arrangement.
Green Channel For Food Imports Into Dubai Now Operational
Regional consumer exporters to Dubai need to apply for green channel licensing A new ‘Green Channel’ for food imports that is aimed to make groceries arrive faster and cheaper in Dubai markets has started receiving shipments, according to Sultan Ali Al Taher, director of the Dubai Food Safety Department. The Green Channel is an initiative […]
Iranian Exports Up In Key Regional Markets
Reza Fatemi Amin, Iran’s Minister of Industry, Mines, and Trade, has revealed a significant increase in Iranian exports to numerous regional countries. Since March 21, 2022 (The first day of the Iranian fiscal year), Iranian exports grew by 23% to Iraq, 46% to Turkey, 63% to Oman, 23% to Russia, and more than 20% to […]
UAE – Russia Bilateral Trade Up 68% In 2022
The diamond trade leads the way as trade hits US$9 billion while FTA talks get underway Denis Manturov, Russia’s Industry and Trade Minister, has said that Russia’s trade turnover with the UAE increased by 68% to US$9 billion in 2022. He was speaking at the IDEX 2023 exhibition in Abu Dhabi. Exports from Russia to […]
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.
