Davos, UAE - The UAE has announced plans to develop the first-ever sustainability accreditation framework explicitly for micro, small and medium-sized enterprises (MSMEs). EcoMark Global Accreditation has been designed to boost the competitiveness of MSMEs in the global green economy by streamlining and standardizing the regulatory processes surrounding sustainability benchmarking...

The results are buoyed by record non-oil exports, which reached AED 205 billion in H1 2023, an 11.9 percent growth compared to the first half of 2022 and 5.4 percent more than H2 2022. Non-oil exports in the first six months of 2023 exceed the exports recorded in the whole...

Riyadh, Saudi Arabia - Saudi Arabia’s foreign trade soared to $172 billion last year, the Saudi Minister of Commerce and Chairman of the Board of Directors of the General Authority of Foreign Trade, Dr Majid Al-Qasabi said during the August 24-25 G20 Trade and Investment Ministers' meeting held in India...

Beijing, China - China's traditional export sectors, such as apparel, home appliances, and furniture, have been surpassed by electric vehicles, lithium-ion batteries, and solar batteries as the primary drivers of foreign trade growth, People's Daily reported. These "new three" industries have contributed to an impressive 61.6 percent year-on-year increase in...

The boost in foreign trade comes on the back of the signing of the comprehensive economic partnership agreements that the UAE has inked so far. As the agreements take effect, a new phase of trade exchange commences that promises a substantial boost in quality and quantity, expanding the global trade...

Seeking to widen its foreign trade and grow national economy, the UAE has signed Comprehensive Economic Partnership Agreement (CEPA) negotiations with Thailand. The UAE has already signed several such agreements with many countries, and signing the deal with Thailand is part of that endeavor. The first round of talks will...

Based on data from the WTO, the UAE's export values in 2022 grew by 41%, while imports made up 22% of the total trade value. The UAE was the 11th largest exporter of commodities in the world and ranked 18th in terms of global merchandise goods trade imports.

Abu Dhabi, UAE----UAE's non-oil foreign trade increased by 19 percent by the end of the third quarter, compared to the same period last year, to reach AED 1.637 trillion ($445 billion), said UAE's Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, who predicted the trade to...

The value of the trade-in commodities from normal metals and their products increased to AED24.51 billion, with a growth rate of 22 percent, compared to AED20.11 billion in 2021. The trade in pearls, gemstones, precious metals and their products has increased to 40 percent.

An overladen ship crammed with thousands of sheep capsized Sunday off Sudan's Red Sea coast drowning the animals on board but with all crew surviving, port officials said.

The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of this year, said Sergey Cherimin, Minister of the Government of Moscow. Local media reports said that in 2020, the trade between the two countries amounted to $3.3 billion. Chermin told...

The total value of the UAE’s foreign trade in the past five decades amounted to some AED34.23 trillion ($9.32 trillion), according to the United Nations Conference on Trade and Development (UNCTAD). Additionally, the country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion). The...

According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED170 billion during this period, posting a growth of 44 percent compared to H1 2020 and 41 percent more than that of the same period in 2019.

Member companies of Dubai International Chamber will work towards achieving the target of boosting Dubai’s foreign trade to $544bln within the next five years.

The emirate’s annual trade stood at $320 billion in 2020 Foreign trade focus likely on high-growth markets like Latin America, Asia Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum recently approved a new structure of the board of the Dubai Chambers to, among other things, raise the annual foreign trade...