TOKYO, JAPAN -  Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for countries to restrict Chinese access to the technology. The move was immediately slammed by Beijing, which warned against moves that "politicize, instrumentalize and weaponize" trade. It comes as Tokyo confirmed...

Abu Dhabi, UAE - The AD Ports Group has launched a new weekly shipping service that facilitates commercial and logistic connectivity with Qatar and Kuwait. The services are likely to be free for cargo arriving via land transport throughout Ramadan, which will be shipped via container vessels between UAE’s Khalifa...

UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s comprehensive economic partnerships program.

The customs deal is viewed as the concluding phase of a free trade agreement following the normalization of relations between the two countries. Netanyahu describes it as historic.

Abu Dhabi, UAE-- In order to improve commercial connectivity and trade between the UAE and Kuwait, AD Ports Group launched a new direct shipping service dedicated to Ro-Ro between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port. Commenting on the launch of the new shipping service, Captain Ammar Mubarak Al Shaiba,...

Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting a record $1.9 trillion by the end of the year, UNCTAD said -- over $100 billion more than in 2021. Among the products that performed especially well were electric and...

The UAE accounts for over 40% of Pakistan's trade with Arab countries, with non-oil exports from the UAE to Pakistan valued at nearly AED 4.8 billion ($1.3 billion) in 2022.

New Delhi, India--Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and technology ties as well as shared concern about China. India and Japan along with the United States and Australia make up the Quad alliance, which positions itself as a bulwark...

Riyadh, Saudi Arabia--Saudi Arabia and Turkey have signed three agreements in the industrial sector during the Turkish Export Products Trade Fair in Riyadh. Saudi Minister of Commerce, who is also Chairman of the Board of Directors of the General Authority for Foreign Trade, Dr. Majid bin Abdullah Al-Qasabi, met here...

The mutual investments between the two countries are witnessing continuous growth in various economic and commercial sectors, most notably real estate, logistical transportation, storage, financial services, insurance activities, manufacturing and information technology.

Doha, Qatar--In a sign of growing business ties between Qatar and France, trade between the two countries has increased by 165 percent to $4.5 billion in 2022, compared with $1.70 billion in 2021. Qatar Chamber recently participated in the Arab French Economic Summit 2023 which was held in Paris under...

AMMAN,  JORDAN -  Vice President of the Jordan Chamber of Commerce (JCC) Jamal Rifai discussed with Hungarian Ambassador to Jordan Attila Kali ways to develop joint economic and trade relations and the role of commerce chambers in strengthening them. According to a JCC statement on Saturday, the meeting went over...

TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further enhance partnerships and benefits from investments opportunities. Chairman of Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi and President of Japan Cooperation Center for the Middle East...

AMMAN, JORDAN -  The Jordan Chamber of Commerce (JCC) took part in the fourth Arab-French Economic Summit 2023 in Paris. A statement issued by the JCC on Thursday said that the summit , jointly organized by the French-Arab Chamber of Commerce (CCFA), the Union of Arab Chambers, Business France, the...

Abu Dhabi, UAE  – The United Arab Emirates will invest $30 billion in South Korea over the next few years, Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade said during the meeting with Minister of Trade of Korea, Dukgeun Ahn in Dubai on Wednesday.  The meeting explored joint...

Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of common interest. This came at the Abu Dhabi Business Forum, which was organised by the Abu Dhabi Department of Economic Development following the conclusion of the 9th session of the...

The 27-country bloc would like to develop the partnership with Algeria "looking at the future, by prioritizing European investments in the renewable energy sector", Josep Borrell added in a statement. European governments, scrambling to find alternatives to Russian gas since last year's invasion of Ukraine that has sent prices soaring,...

Cairo, Egypt--Egypt’s export to China increased by 20.8 percent to $1.7 billion in the first 11 months of 2022, compared to $1.4 billion in the same period in 2021, according to Egypt’s Central Agency for Public Mobilization and Statistics, also known as CAPMAS.  Egypt’s imports from China totaled $13.2 billion...

Cairo, Egypt -- Egyptian exports to China rose by 20.8 percent to $1.7 billion in the first 11 months of 2022, up from $1.4 billion in the same period in 2021, Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said. The trade exchange between Egypt and China increased by...

Riyadh, Saudi Arabia -- A meeting was held in Riyadh Thursday to prepare for holding the third round of free trade agreement negotiations between the Gulf Cooperation Council (GCC) for Arab States and the United Kingdom from March 12–16 at the GCC General Secretariat in Riyadh. Fareed bin Saeed Al-Asaly,...

Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the country has positioned itself as a key player in the global value chain. He was speaking at...

Warning the country's powerful trade union federation against inviting foreigners to a planned weekend demonstration, Tunisian President Kais Saied said that the UGTT was free to organize demonstrations, but it was not free to invite foreigners to participate in them, after denying entry into the country to an official from...

Pushing aside their differences in relations strained by regional disputes, the oil-rich United Arab Emirates and Turkey signed a free trade agreement on Friday. Importantly, the pact comes ahead of Turkey's elections on May 14 as President Recep Tayyip Erdogan carries on with his contested economic policies that have scared...

“Trade has had an indelible impact on our soft power. Located at a strategic global crossroads, the UAE is one of the world’s most connected countries and acts as a vital bridge for many nation’s products on key East-West, North-South trade routes. This role is reflected in the value of...

Doha, Qatar-- Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), and the American Chamber of Commerce in Qatar (AmCham Qatar) have signed a Memorandum of Understanding (MoU) to enhance bilateral trade and investment relations between the two countries. Under the MoU, both...

Amman, Jordan--The trade balance between Jordan and the US has recorded a surplus of about 625 million Jordanian dinars ($881 million) in 2022, according to a statement.    The volume of trade exchange between the two countries last year amounted to about 2.75 billion dinars, according to foreign trade data issued...

Abu Dhabi, UAE--The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship of Abdullah bin Touq Al Marri, Minister of Economy, and Algerian Minister of Industry, Ahmed Zaghdar, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for...

New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four and five economies and push for progress on an EU trade deal despite differences over Ukraine. "We want to further strengthen our bilateral relationship with India and our cooperation on...

Beijing, China--China's international trade in services stood at 459.5 billion yuan, or US$ 67.6 billion, in January, official data showed on Friday, Xinhua News Agency reported. Services exports totalled $25.44 billion last month, and services imports were at $40.50 billion, resulting in a trade deficit of $15.50 billion , according...

Abu Dhabi, UAE--- Non-oil foreign trade between the UAE and Kuwait has grown 87 percent over the past ten years to reach AED43 billion ($11.70 billion) by the end of 2022, compared to AED23.3 billion in 2013, according to UAE's Federal Competitiveness and Statistics Centre (FCSC). The FCSC data showed...

ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian Minister of Industry Ahmed Zeghdar discussed enhancing cooperation in the economic, industrial and commercial sectors between the two countries.    In a meeting between Sheikh Abdullah and Zeghdar in Abu...

Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business groups within the F&B industry for HORECA traders, meat and poultry, bakeries, organic food, groceries as well as hypermarkets and supermarkets sectors. “We are on track to reach our goal...

Abu Dhabi, UAE-- The non-oil trade between the UAE and Azerbaijan has risen threefold during the past five years, said Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade. Al Zeyoudi told WAM that the non-oil trade between the two countries totaled more than AED10.2 billion over...

The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in the Azeri capital, Baku, in 2011, and have witnessed advancement due to the mutual keenness of their leaderships, he adds during an interview with Emirates News Agency.

All three main indexes in New York plunged at least two percent Tuesday, with forecast-beating purchasing managers index data showing the US economy remained in rude health despite almost a year of rate hikes and elevated inflation. The readings followed a massive surge in new jobs in January and a...

In 2023, some Middle Eastern economies appear to be more resilient than most developed markets, Maroun Kairouz, Director for MENA at the World Economic Forum, tells TRENDS.

SHARJAH, UAE - Chairman of the Department of Government Relations (DGR) in Sharjah Sheikh Fahim Al Qasimi recently met with Minister of Foreign Trade and Investment of Costa Rica Manuel Tovar Rivera to discuss strengthening collaboration between their respective regions. The two parties discussed trade, food security and the transportation...

AMMAN, JORDAN - A Jordanian ministerial delegation met with a number of Algerian ministers in the North African country on Monday  to discuss areas for bilateral cooperation.The two sides reached an agreement on a roadmap to advance economic, trade, and investment cooperation for the years 2023–2025 or until the meetings...

Riyadh, Saudi Arabia-- Saudi Arabia and Costa Rica have signed agreements to increase the volume of trade and investment between the two countries. In this connection, the Federation of Saudi Chambers and the Costa Rican Export Authority signed two agreements in the field of economic cooperation between the kingdom and...

UN chief Antonio Guterres called for Africa to take "action for peace" to combat rising violence as the continent's leaders held their annual summit in Addis Ababa. Africa is reeling deadly violence in the Sahel region and the eastern Democratic Republic of Congo, with the African Union meeting aiming to...

With Lebanon's political and economic crisis showing no signs of abating, its currency on Wednesday hit a record low against the dollar on the black market. The pound has lost more than 95 percent of its value against the greenback since the beginning of the economic crisis in 2019.

US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping off the year on robust imports and strong spending. The overall trade gap grew US$103 billion from 2021 to $948.1 billion last year, according to Commerce Department data, on a...

AMMAN, JORDAN - Chairman of the Jordan Chamber of Commerce (JCC), Khalil Haj Tawfiq said Iraq is an "important" trade partner and gateway for Jordan's economy. Haj Tawfiq said, "Jordan and Iraq have wide, prolific potentials, fields and grounds to build economic integration, in light of the strong brotherly relations,...

Linking of banking system with Russia is seen as an attempt by both the countries to get around the US economic sanctions.

Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by UAE President Mohamed bin Zayed Al Nahyan, an MoU was signed to establish an Arab Digital Foodstuff Market. Ahmed Abu Al Gheit, Secretary General of the League of Arab States...

The second round is a continuation of the first round negotiations, which were organized in Rabat, Morocco, in November 2022

The profit in year 2022 is 4.4 percent lower than in 2021.

The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two years, the cost-of-living crisis remains the number one threat, followed by natural disasters and trade and technology wars, she adds, quoting the WEF's Global Risks Report 2023.

While the official exchange rate has been fixed at 1,470 Iraqi dinars against the dollar, the currency was trading at up to 1,600 to the greenback on local markets from mid-November, before settling at about 1,570 dinars, according to state media.

"There's no doubt that our 53rd annual meeting in Davos will happen against the most complex geopolitical and geoeconomic backdrop in decades. So much is at stake," said Borge Brende, a former Norwegian foreign minister who is now president of the meeting.