Jafza records 19% trade growth
The company overcomes the global economic headwinds.Venezuela and Colombia restore diplomatic ties
More than eight million Colombians make a living from trade with Venezuela, which is why one of the objectives is to re-establish trade relations between the two countries.Ancient Iranian rug tradition gets makeover as sales sink
Changing tastes and increased competition from Asia have forced some in the trade to redesign and resize a tradition dating back more than 2,000 years. "A revolution is underway," said Ahad Azimzadeh, 65, who calls himself "the biggest exporter of Persian carpets in the world".Ban on single use plastic bags in Sharjah to begin from Jan 2024
Sharjah has banned single-use plastic bags and materials in the Emirate of Sharjah as of 1st January 2024. It follows Sharjah’s efforts of making an environment-friendly emirate and its supportive plans of conservation, said reports. The ban was decided during a meeting of the Sharjah Executive Council (SEC) Tuesday morning...UAE’s H1 non-oil trade billion dirhams for first time in its history
The UAE has proven to the world the recovery of international trade after the most difficult pandemic that humanity has gone through, said Prime minister Sheikh Mohammed bin Rashid Al Maktoum. Non-oil exports were about AED180 billion for the first time in its history, recording a growth rate of 8...Jordan and Algeria agree to boost trade, investment ties
Many Jordanian industrial sectors have the necessary requirements to enter the Algerian market, especially the pharmaceutical components, clothing, chemical and fertilizer industries, as well as the plastic, rubber and metal industries.Jordanian, Algerian businesses aim for better trade relations
The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open broad prospects for joint trade and investment cooperation.Ajman Chamber discuss economic ties with Mexican envoy
Director-General of the Ajman Chamber of Commerce and Industry (ACCI) Salem Al-Suwaidi received Ambassador of Mexico to the UAE Luis Alfonso de Alba Góngora to discuss economic cooperation and explore trade and investment opportunities between the two countries.US to boost Taiwan trade, conduct air, sea transits
A new trade plan will be unveiled within days, while US forces will transit the Taiwan Strait in the next few weeks, said Kurt Campbell, White House coordinator for Asia-Pacific issues and an adviser to President Joe Biden. The statement came after Beijing raged at last week's trip by US...Macroeconomic issues may hit logistics across GCC
The Covid-19 pandemic, regional lockdowns, and Ukraine war have been disrupting trading lane in air and maritime freight, affecting the global supply chain, say experts.UAE foreign ministry, ECI sign MoU to promote trade, investment
The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company, have signed a Memorandum of Understanding (MoU) to promote global trade and investment.Jordan real estate trade grows by 20% to $4.41 billion
Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of 2022.Dubai Chambers gets new CEO and President
Dubai Chambers has announced a leadership change, with Hamad Buamim, President and CEO, moving on after 16 years of service. Hassan Al Hashemi, Vice President, International Relations – Dubai Chambers, has been appointed to the role of President and CEO in an acting capacity.UAE minister discusses economic cooperation, trade with Mongolia
During the meeting, the minister emphasized the UAE's commitment to solidifying its economic and trade partnership with Mongolia to support both countries' developmental agendas as well as their sustainable economic growth.Abu Dhabi Chamber, Philippine Business Council discuss ties
A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi.Crises put Gulf investments in Sri Lanka at stake
The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.‘Hydrocarbon trade must finance transition to clean energy’
A study in the journal Nature Climate Change found that within this century, parts of the Gulf region could be hit by "unprecedented events of deadly heat as a result of climate change".UAE-France non-oil trade from 2012-2021 up 8 percent
The non-oil trade between the UAE and France increased by 8 percent from 2012 to 2021, from AED23.2 billion ($6.3 billion) in 2012 to over AED25.2 billion in 2021, according to data from Federal Competitiveness and Statistics Centre, which showed a growth of 28 percent in trade exchange over the...GCC expects moderate impact of global recession
The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS.Record exports help US trade deficit reach its lowest in 2022
The US trade deficit with China declined again, falling $2.8 billion to $32.2 billion in May, on another big drop in imports from the world's second largest economy.New multilateralism likely to define global trade in 2022: DMCC report
Global trade hit a record high of $28.5 trillion in 2021, with more growth expected in 2022. The future also promises growth due to a new era of multilateralism, supported by regionalization, trade in services, innovation and sustainable trade, which would counter global recession, according to 'The Future of Trade 2022'...Tokyo equities open lower as recession fears persist
Tokyo stocks opened lower Wednesday after a mixed close on Wall Street as lingering recession fears caused a rout on European bourses. The benchmark Nikkei 225 index was down 0.79 percent, or 209.58 points, at 26,213.89 in early trade, while the broader Topix index was down 0.69 percent.World Bank and Jordan Chamber discuss investment law
Jordan Chamber of Commerce Vice President discusses with a World Bank team the Kingdom's investment regulation law and the incentives to attract new capital to the country.Qatar trade balance surplus surged 120 percent in May
The year-on-year increase in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons reaching QR 30.3 billion in May 2022.UAE strengthening exhibition sector: Al Midfa at CEO Summit
The Expo Center Sharjah participated in the “Global CEO Summit 2022” to improve international cooperation, and forecast the future of the exhibition and conference sector. The summit is organized by the Global Association of the Exhibition Industry (UFI) in Hamburg, Germany from June 22 to 24. The Center stressed that...GCC and UK aim to boost trade beyond current figure of $34bn
The Gulf Cooperation Council (GCC) and the UK began negotiations in Riyadh to boost trade, which stands at $34 billion.Saudi-Jordan trade value reaches $.4.4 billion riyals in 2021
The trade exchange volume between Saudi Arabia and Jordan reached 16.6 billion riyals ($4.42 billion) in 2021, compared to 11.6 bn riyals in 2020. The federation of Saudi Chambers of Commerce and Industry said this in its economic report released Wednesday 22 June 2022. Moreover, the volume of Saudi exports...A ‘small revolution’ in Iran’s pistachio trade
Abbas Emami, 88, Iran's oldest pistachio wholesaler, readies to hand his business to daughter Marjan in male-dominated trade.Abu Dhabi Chamber looks to boost trade ties with Mexico
Abu Dhabi Chamber of Commerce and Industry has held discussions with a business delegation from Mexico to boost trade ties between the UAE and Mexico.Ministers wrangle through night to salvage WTO deals
Ministers were frantically haggling through the night into Thursday at the World Trade Organization in a bid to salvage deals on food security, fishing, and combating Covid-19.UAE-Germany non-oil trade surpasses $130 billion in 10 years
The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal Competitiveness and Statistics Centre (FCSC). The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent. The data showed that...Oman, Tanzania establish Joint Investment Fund
Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs.‘Made in Saudi’ takes part in 17th OIC Member States Trade Fair
The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade FairAddress needs of women entrepreneurs: DG WTO at MC12
Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala saidQatari, Swiss firms discuss investment prospects in medical tourism
The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and promoting investments in hospitality and real estate.Ahead of food security meet, WTO chief ‘cautiously optimistic’
The WTO is hoping to keep criticism of Russia's war in Ukraine to the first day of talks, when many of the more than 100 ministers due to attend are expected to issue blistering statements.WTO negotiators finalize key texts on fishing, Covid vaccines
The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after negotiators finalized texts for ministerial review, but significant obstacles remained in hammering out a final deal. The WTO takes decisions by consensus, making deas all the harder to reach.UAE, Philippines ink pact on mutual promotion, protection of investments
Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and sequestration.Jordan govt, SJIF ink $400m healthcare agreement
Jordan Prime Minister Khasawneh said the healthcare project serves as a launchpad for future investments mentioned in the Jordan Investment Fund Law.Jordan’s exports to US rise by six percent in first quarter
Jordan's trade balance with the United States registered a surplus of JD105 million ($147.85 million) in the first quarter of 2022, according to the latest foreign trade statistics. Data released by the Department of Statistics on Sunday noted that the national exports to the United States increased by six percent...Jordan’s energy ministry signs two MoUs for copper, gold exploration
The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan's south. Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said. The...UAE attracted nearly $21 billion of FDI in 2021: Minister
The UAE succeeded in attracting more than $20.7 billion of Foreign Direct Investment (FDI) in 2021, which reflects the confidence of investors worldwide in the country's economy, said UAE’s Minister of Economy Abdullah bin Touq Al Marri. This came during his keynote speech at the UAE-Kyrgyzstan Business Forum, which was...Egypt looks to rake in $3.5bn in revenues from Suez Canal in H1
Egypt is expecting to rake in $3.5 billion in revenues from the Suez Canal during the first half of 2022, according to Osama Rabie, the chairman of the Suez Canal authority.Diamonds forge cornerstone of Israeli-Indian relations
Israel's Diamond Exchange is home to some 30 Indian companies making India the foreign nation with the biggest number of firms on the bourse. Most Indian diamond families, about 80 people, live close to the diamond exchange in the city of Ramat Gan, and many stay in the same building.Jordanian firms forge trade partnerships at APAS Show 2022
Jordanian companies forged trade partnerships during their participation in the APAS Show 2022, an annual food and beverages exhibition held southeast of Brazil in Sao Paulo. Seven companies participated in the Jordanian pavilion, which was organized by the Jordanian-Brazilian Business Association and Jordan Exports, a public-private institution that coordinates national...A probe shines light on global antiquities trafficking
Ex-director of the Louvre in Paris, Jean-Luc Martinez, was charged over the purchase of a pink granite stele depicting the pharaoh Tutankhamun and four other works for $8.5m.Israel signs free trade deal with UAE; its first in GCC, third in Middle East
The UAE has signed a Comprehensive Economic Partnership Agreement (CEPA) with Israel. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, tweeted on Tuesday that the agreement will push the value of non-oil bilateral trade beyond $10 billion within five years. The agreement “builds on the...UAE non-oil foreign trade close to AED500bn in first quarter of 2022
According to the UAE’s Federal Competitiveness and Statistics Centre, this was a growth of 20.5 percent compared to AED414.6 billion recorded in the same period of 2021.Iran signs multiple trade deals with Oman during president’s visit
A delegation of 50 Iranian businessmen travelled to Oman last week, with Iran's minister for roads and urban development announcing plans for a joint shipping line and tourist flights.13 countries to join new Asia-Pacific trade framework: Biden
"The US and Japan, together with 11 other nations will be launching" the Indo-Pacific Economic Framework for Prosperity, Biden said at a press conference.



















































