Search Site

Trends banner

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

DMCC signs agreement with Poland’s KSEZ to boost business ties

The Insurance Pool, which is represented by Dubai Insurance, is responsible for providing the insurance service.
  • The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further connecting the two countries’ business communities
  • DMCC has played a significant role in enhancing UAE-Poland commercial relations and is currently home to over 40 leading Polish businesses

Dubai, UAE— Dubai Multi Commodities Centre (DMCC) has signed an agreement with the Katowice Special Economic Zone (KSEZ) to create new business opportunities and expand upon the UAE-Poland strong economic relations.

The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further connecting the two countries’ business communities and supporting the growth of enterprise and trade relations.

Also read: https://trendsmena.com/business/poland-opens-representative-office-in-uae-to-boost-trade-relations/

The MoU was signed by Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, and Janusz Michałek, Ph.D., President of the Board, Katowice SEZ Co. on 24th November, 2022.

Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “With an ever-strengthening bilateral relationship, there is a significant opportunity to deepen ties between Poland and Dubai. This was the core goal of our recent Made For Trade Live roadshow event in Warsaw, and is exactly what we will achieve through this agreement with Katowice Special Economic Zone.”

Also read: https://trendsmena.com/business/abu-dhabi-chamber-discusses-boosting-cooperation-with-polish-entrepreneurs/

DMCC has played a significant role in enhancing UAE-Poland commercial relations and is currently home to over 40 leading Polish businesses, which use the free zone as a hub for doing business and trading with countries around the world.

For his part, Janusz Michałek added, “The symbiotic partnership between DMCC and KSEZ presents companies in both business districts with new ways to connect and engage with international peers. Through this MoU, we are proud to be playing a role in driving the growth of the Poland-UAE relationship.”

Also read: https://trendsmena.com/business/masdar-taaleri-solarwind-ii-fund-launch-wind-farms-in-poland/

With a long-standing history of deep cultural, diplomatic and commercial ties, Poland is an important growth market for businesses in Dubai and DMCC.

For nearly a decade, the UAE has been Poland’s largest economic and trade partner in the Arab world. Non-oil trade between the two countries totalled US$1.3 billion in the first nine months of 2022.

This collaboration agreement comes just a few months after Ahmed Bin Sulayem and DMCC successfully concluded their first official visit to Warsaw as part of DMCC’s flagship Made for Trade Live roadshow.

DMCC explored bilateral opportunities and held discussions with several businesses and trade associations to enhance collaboration in key areas such as technology, telecommunications, and financial institutions.