Exports fell 9.9 percent year-on-year to $30.6 billion, China customs said, their second consecutive month of decline and the biggest fall since the early days of the pandemic in 2020. They fell 8.7 percent in November. Imports were also down again in December, sinking 7.5 percent, following a 10.6 percent...

Brent crude rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT, while US West Texas Intermediate crude also rose 50 cents, or 0.7%, to $77.91 per barrel.

The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows translates into a consistent Emirati approach, as trade has always represented an integral part of the history and heritage of the country, he adds in an Op-Ed published by Emirates...

Erdogan's call for a ceasefire followed a proposal earlier Thursday by Russia's spiritual leader Patriarch Kirill for an Orthodox Christmas truce this week.

AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase the volume of trade exchange, discuss means of enhancing cooperation, and showcase investment opportunities in the two countries.JCI President Fathi Jaghbir underlined the need to set in motion a new...

Abu Dhabi, UAE--The bilateral trade between Pakistan and the United Arab Emirates is expected to double from the US$10.6 billion, according to Pakistan's ambassador to the UAE Faisal Niaz Tirmizi. The last calendar year recorded a US$10.6 billion in trade “the highest volume Pakistan had in the Middle East and...

Baghdad, Iraq--The Iraqi Prime Minister Mohammed S. Al Sudani has stressed the need for economic reform and supporting the sectors of agriculture, industry, tourism and trade. The prime minister highlighted the need to fortify Iraq, in order for it not to be a passage for smuggling hard currency and money...

DUBAI, UAE -  Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023, under the patronage of the UAE Ministry of Energy and Infrastructure, in association with Seatrade Maritime Club. During the event, the region’s maritime sector will come together for valuable business...

Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt, which has largely been spared the deadly insurgency in the nearby Sinai peninsula.

Riyadh, Saudi Arabia--Saudi Arabia has invested some $6.12 billion in more than 6,000 projects in Egypt, according to the Minister of Trade and Industry of Egypt Ahmed Samir.  The trade minister announced the investment figure during his visit to Riyadh on Dec. 25, where he met Saudi ministers and senior...

Doha, Qatar-- Qatar Chamber has discussed ways to enhance trade and economic cooperation with Serbia during the meeting of First Vice-chairman of Qatar Chamber Mohammed bin Twar Al-Kuwari with, the President of the Chamber of Commerce and Industry of Serbia Marco Cadez. During the meeting, First Vice-chairman of Qatar Chamber...

The statistics showed that the cumulative balance of credit provided by national banks to the trade and industry sectors reached $196 billion at the end of August.

As the Gulf nations look to deepen economic partnership with China, the US, the region's dominant security force, watches with concern the GCC tilt toward its rival.

Iraq is currently supplying Jordan with 10,000 barrels of oil per day (bpd).

The two countries explore areas of joint cooperation to strengthen political, economic, investment and trade relations.

“The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4 billion in 2021. And for the year 2022 [first 9 months], Germany's imports from the UAE increased 67 percent year-on-year, already reaching US$1.3 billion,” adds Alexander Schönfelder.

The Palestinian govt has no money to support would-be entrepreneurs, environment for foreign investors is too risky and the Israeli occupation makes condition worse, say experts.

Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai Customs also shared their experience in developing smart customs services and digital systems with the delegation. The meeting, held at Dubai Customs headquarters, shed light on virtual reality programmes that...

While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the two peoples, Palestine hails its outcomes as 'beyond expectations'

China has established comprehensive strategic partnership relations with 12 Arab countries separately, says Xi Jinping during Arab-China Summit in Riyadh.

The state-owned Commercial Aircraft Corp of China said at an airshow last month that it had secured orders for 300 C919s, but did not clarify whether the orders were fully confirmed and gave no details about the value of the deals or delivery dates. But if the orders go through,...

Beijing is ready to expand its crude oil trade with Riyadh and will "list Saudi Arabia as a destination country for outbound tourism organized by Chinese citizens, says Xi Jinping.

The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between China and the Arab world'.

Riyadh, Saudi Arabia---  As many as 20 Vietnamese companies that participated in the Saudi-Vietnamese Business Forum on Tuesday evinced interest in investing in the kingdom and benefiting from the opportunities offered by its transformative Vision 2030. More than 20 Saudi companies also attended the forum organized by the Federation of...

World oil prices rallied after more easing of Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force. Brent North Sea crude and WTI advanced over 2.5 percent, also after OPEC and its Russia-led allies decided to...

AMMAN, JORDAN - Jordan's Minister of Investment Kholoud Saqqaf on Sunday received Indian ambassador in Amman Anwar Haleem for a discussion on ways to cement trade ties between the two countries. The minister briefed the envoy on the investment climate in the Kingdom and potential opportunities in various sectors. She...

Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS

The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf country is determined to forge a world where prosperity is commonplace.

RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if participants address issues over limited supply and integrity, the Secretary General of the International Energy Forum (IEF) told a conference. Trade in voluntary carbon credits could grow 100-fold by 2050...

Dubai, UAE— Dubai Multi Commodities Centre (DMCC) has signed an agreement with the Katowice Special Economic Zone (KSEZ) to create new business opportunities and expand upon the UAE-Poland strong economic relations. The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further...

Some companies are already discussing investment opportunities with Cameroon, including DP World that aims to manage some ports in Cameroon including Douala Port, adds Al Zeyoudi, who is leading an Emirati delegation of business, investment and development leaders to the country.

Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the government said in a statement. "Trading digitally is particularly important in the current conflict, where damage to Ukrainian infrastructure and warfare makes it much harder to trade physically," the statement...

Non-oil trade exchange between the UAE and Cameroon grew by 33.5 percent between 2012 and 2021, reaching $522 million by the end of last year

The bloc's exports of halal products equaled US$275 billion, while their imports totaled US$338 billion last year, says the 2022 Annual OIC Halal Economy Report.

At the 38th Ministerial Session of COMCEC, leaders of Islamic countries discuss ways to enhance bilateral and trade relations to help region and the world evade recession.

Doha, Qatar---Qatar's merchandise trade balance recorded a surplus of QR 25.1 billion ($6.8 billion) in October this year, an increase of 18.5 percent year-on-year. The trade balance, which is the difference between total exports and imports, however, decreased by 6 billion riyals, or 19.2 percent, compared to September 2022. The Planning...

The Hague, Netherlands—Police have dismantled a huge drugs "super-cartel" that controlled a third of Europe's cocaine trade, arresting 49 people in various countries including six top suspects in Dubai, Europol said Monday. The huge international operation seized 30 tonnes of the drug and also involved arrests in France, Spain, Belgium and...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and Russia with the Moscow Chamber of Commerce and Industry. The meeting that took place at Expo Center Sharjah (ECS) brought together Abdallah Sultan Al-Owais, SCCI's Chairman, and Vladimir Platonov, Chairman...

PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah Mohammed Falkinaz met with the members of the UAE-Czech Parliamentary Friendship Committee, headed by Margita Balaštíková. The meeting was also attended by Afraa Al Basty, FNC Assistant Secretary-General for Parliamentary...

Abu Dhabi, UAE---Poland has opened a representative office in UAE capital Abu Dhabi to fuel the growth of bilateral trade and investments between the two countries. The announcement of the launch was made at the Poland Business Forum, which started on Friday with the aim of discussing the prospects of accelerating...

London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on the state of the UAE’s energy industry, showcasing the country’s energy mix and its leading position in renewable energy sector. “The UAE offers a great mix of energy projects for...

The agreement comes as Abu Dhabi accelerates its development of solar energy solutions to support the wider UAE net-zero emissions by 2050 agenda.

Doha, Qatar—Qatar has recorded a trade balance surplus in the third quarter of 2022 of $29.47 billion up from $15.87 billion in Q3 of 2021, an increase of 85.6 percent. The Planning and Statistics Authority (PSA) issued the press release on "Quarterly Foreign Merchandise Trade Statistics, Q3 2022 State of...

SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off at the Sharjah Expo Centre on November 24, 2022, under the theme 'Building a Resilient Future for Tourism'. The forum will be held under the patronage of Sheikh Sultan bin...

ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in the Republic of Cuba, at the invitation of the Cuban government. The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean...

He was speaking at the Sharjah–India Business Roundtable -- organized by the Sharjah FDI Office (Invest in Sharjah), in collaboration with the Consulate General of India, Dubai -- to explore greater economic and commercial relations and synergies between the two stakeholders.

The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Summit.

Dubai, UAE— Etihad Credit Insurance (ECI) has reviewed its programs and initiatives in a meeting chaired by Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of ECI. The meeting reviewed a series of ECI’s comprehensive programs and initiatives, which are aligned with...

BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi provided details on how the UAE continues to work to mobilize international efforts to stimulate trade and investment flows around the world. He said, in the keynote...

Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees  in the first nine months of 2022. ECI's third meeting this year, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors, was told that the guarantees were equivalent...