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Business, Infographic

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

UAE, China eye $200bn bilateral trade by 2030

Both countries expect the bilateral trade to reach $200 billion by 2030.
By TRENDS Desk
November 1, 2022 8:33 am
  • 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:

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