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Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

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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