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Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

UAE, China eye $200bn bilateral trade by 2030

Both countries expect the bilateral trade to reach $200 billion by 2030.
  • It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.
  • Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a "successful model" for international bilateral relations.

Dubai, UAE—Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a “successful model” for international bilateral relations. He indicated that as one of the first countries to join the Belt and Road Initiative, the UAE has become the main logistical centre in the Middle East and North Africa. It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion. Both countries hope to increase the trade to $200 billion by 2030. TRENDS takes a look at the major commodities exchanged between the two countries: