Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Economy

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

UAE and Turkey close to signing economic partnership agreement

One of the key points of the agreement is removing trade barriers between the two countries (Pic Twitter/UAE Foreign Trade Minister)
By TRENDS Desk
April 27, 2022 11:44 pm
  • The new partnership is expected to double bilateral trade between both countries.
  • Bilateral trade between the UAE and Turkey has climbed 80 percent over the past three years.

The UAE and Turkey are in final talks regarding the launch of a comprehensive economic partnership agreement, according to the UAE’s minister of state for foreign trade, Thani bin Ahmed Al Zeyoudi.

The new partnership is expected to double bilateral trade between both countries, strengthen cooperation efforts, create new jobs, and boost the resilience of domestic supply chains.

Also, the partnership will pave the way for constructive cooperation as it will propel business activities between both parties by cutting tariffs, facilitating capital flows, and removing trade barriers.

Al Zeyoudi said that he is currently in Istanbul exploring untapped opportunities for UAE importers and exporters.

Bilateral trade between the UAE and Turkey has climbed 80 percent over the past three years, media reports said.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]