Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked by President Donald Trump's aggressive tariff rollout.
Trade between UAE, Bahrain vaults 75% to $672 million in Q2
Only Saudi Arabia traded more with Bahrain, with the total value reaching $781 million during the quarter Oman was followed by Kuwait, which recorded $99 million in bilateral trade in Q2 There has been an unexpected surge in trade between the United Arab Emirates (UAE) and Bahrain in the second...
69 percent firms operating in Business Bay commercial: Report
Number of businesses operating in Business Bay reach 17,893 General trade tops the list of licenses activities The number of businesses operating in the Business Bay has reached 17,893, the majority of which are commercial, said a report. Of these, 69 percent are Commercial (12,352), followed by Professional (29...
UAE and Israel to sign more cooperation deals
The two countries normalized ties last year Israeli foreign minister calls new consulate a 'center of cooperation' The United Arab Emirates and Israel are going to sign more cooperation deals in the future, according to the visiting Israeli foreign minister Yasir Lapid, who is in the UAE on a landmark...
Egypt-UK trade up 8 percent to $722m in Q1 2021
Britain third-largest investing country in Egypt after UAE, Saudi Arabia Egyptian food exports to UK surged by 76 percent despite the pandemic Trade between Egypt and Britain increased 8 percent year-on-year to £519 million ($722 million) in the first quarter of 2021, said Nasser Hamed, director of the EU Administration...
Trade between Dubai, Germany crosses $6.7 billion in 2020
Ambassador of Germany to the UAE 'impressed' with the free zone’s infrastructure Trade between two countries expected to grow more steeply Trade between Dubai and Germany has vaulted to more than 6 billion in 2020 and is expected to grow more steeply in the years ahead. It is projected to...
Saudi Arabia and Indonesia set up a task force to look at investment opportunities
Indonesia invited Saudi Arabia to invest in Bank Sharia Indonesia, the nation's largest sharia compliant bank It could also build housing in Mecca for Indonesians traveling to the kingdom for pilgrimage Saudi Arabia and Indonesia have agreed to form a task force in order to discuss investment opportunities...
Saudi Arabia wants to be first trading partner of Egypt
There are 6,285 Saudi companies operating in Egypt with investments exceeding $30 billion More than 518 Egyptian companies operate in the Saudi markets Saudi Arabia aims to be the first trading partner of Egypt for the next five years, local reports on Monday, June 14, quoted the former’s Minister of...UAE desires broader trade relations with Iraq
The ambassador of the UAE Al Zaabi made this statement during his visit to the Federation of Iraqi Chambers of Commerce The UAE companies wish to invest in Iraq The United Arab Emirates (UAE) has shown desire to deepen trade and economic ties with Iraq. The ambassador of the UAE,...Sharjah industry body to send trade mission to Russia in September
The delegation will look to strengthen economic ties, develop industries, improve trade exchanges with their Russian counterparts The center is an initiative of Sharjah Chamber of Commerce and Industry A trade mission from the Sharjah Exports Development Center, an initiative of Sharjah Chamber of Commerce and Industry, will go to...
UK to build new ‘national flagship’ to promote post-Brexit trade
The ship will provide a global platform for trade negotiations and British businesses' products The ship's construction likely to begin in 2022 and be completed within 4 years Britain will build what it is calling a new "national flagship" vessel to host trade events and promote its post-Brexit interests around...
