DMCC

Dubai’s DMCC records twofold rise in Chinese companies over last five years

DMCC is home to 703 Chinese companies, constituting nearly 12 per cent of the total number across the UAE

AD Ports Group

Abu Dhabi’s AD Ports Group completes first international acquisition

The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International

UAE cabinet

UAE cabinet approves new law regulating public-private sector partnerships

The cabinet also approved the temporary licensing of the first electric cargo aircraft

Abu Dhabi’s Al Seer Marine partners with Singapore’s Netbulk to expand freight services

The agreement will help clients mitigate supply chain uncertainties

AbuDhabi_TelAviv

Abu Dhabi delegation to Tel Aviv explores business opportunities, strategic partnerships

The recent visit resulted in the signing of three agreements covering fintech, data protection and privacy, and cybersecurity

Abu dhabi introduces service for Consumer dispute resolution

Abu Dhabi launches new consumer dispute resolution service

The service is set up to settle disputes between consumers and commercial establishments within 21 days from the date that both parties appear before the consumer dispute resolution service team

Jafza registers 19% trade growth in 2021, generates over Dhs454.7bn

Jafza registers 19% trade growth in 2021, generates over Dhs454.7bn

More than 25 per cent of the new companies registered in the free zone belonged to the retail and general trading segment

DGCX ties up with FinMet

Dubai Gold & Commodities Exchange, FinMet collaborate to expand DGCX gold product offering

FinMet will provide bullion market analysis and advisory services to DGCX ahead of the planned launch of new gold products

UAE non oil trade crosses Dhs 1 trillion

UAE’s non-oil trade rises 17% to exceed Dhs1tn in H1 2022

The UAE’s non-oil exports were close to Dhs180bn, reflecting a growth rate of 8 per cent over the same period last year

free trade agreement

UK-GCC free trade agreement: What’s on offer?

Increased trade and investment can unlock further growth in the UK and the GCC, and an ambitious free trade agreement is imperative

Dubai sees 22% growth in commercial licencing transactions in H1 2022

Dubai sees 22% growth in commercial licencing transactions in H1 2022

The Department of Planning and Development – Trakhees aims to expand the services it provides, including issuing commercial licences and work permits

RAK Chamber members' exports total Dhs1.644bn in Q2 2022

RAK Chamber members’ exports total Dhs1.644bn in Q2 2022

The chamber registered 402 new establishments in Q2 2022, including 185 commercial establishments and 193 professional establishments

Non-oil trade

Abu Dhabi’s non-oil foreign trade amounts to Dhs124bn in H1 2022

Abu Dhabi registered a 26 per cent growth in exports valued at Dhs49.5 billion during this period

Ajman Chamber issues 19,008 certificates of origin worth over Dhs4.3bn

Ajman Chamber issues 19,008 certificates of origin worth over Dhs4.3bn

Libya topped the list of prominent export and re-export countries, followed by Saudi Arabia and Egypt

126-activities-added-to-Tajer-Abu-Dhabi

Abu Dhabi adds 126 new economic activities to ‘Tajer Abu Dhabi’ to support MSMEs

Activities under ‘Tajer Abu Dhabi’ represent 29.5 per cent of the total economic activities licensed and regulated by ADDED in 2021

UAE Kenya sign CEPA

UAE, Kenya to sign Comprehensive Economic Partnership Agreement

The UAE-Kenya CEPA will be the first bilateral trade deal that the UAE seeks to sign with an African nation

Gold holds gain as traders weigh outlook for Fed tightening path

Gold demand defies Q2 headwinds with YoY recovery in H1 2022: WGC

According to the World Gold Council, while the markets have seen prices ease from exceptionally high levels in Q1 2022, gold has been one of the best performing assets so far this year

ECI SAif Zone sign agreement

Etihad Credit Insurance, Hamriyah Free Zone, SAIF Zone partner to support SMEs

Etihad Credit Insurance will offer its range of flexible trade credit insurance and financial solutions, including its Sharia-compliant insurance product to startups and SMEs operating in the free zones

Dubai Chamber member exports and re-exports H12022

Dubai Chamber of Commerce: Member exports and re-exports exceed Dhs129bn in H1 2022

The chamber issued more than 357,000 certificates of origin between January and June 2022, marking a year-on-year increase of 9 per cent

Dubai Business licenses in H1 2022

Dubai issues 45,653 new business licenses in H1 2022

Around 55 per cent of the new business licenses issued in Dubai during H1 2022 were professional and 45 per cent were commercial

Union Coop begins first day of trading on Dubai Financial Market

Union Coop begins first day of trading on Dubai Financial Market

Trading commenced under the symbol ‘UNIONCOOP’ on July 18

UAE-Turkiye meeting in July

UAE, Türkiye explore collaboration in energy, tech and industry

Türkiye accounts for more than three per cent of the UAE’s non-oil foreign trade and is its seventh largest trading partner

UAE foreign minister discusses bilateral cooperation with Indonesia

UAE foreign minister discusses bilateral cooperation with Indonesia

The UAE and Indonesia signed the comprehensive economic partnership agreement (CEPA) in July

Dragon Oil signs ten additional years of partnership with Turkmenistan

Dubai’s Dragon Oil signs ten-year extension with Turkmenistan

The company’s investments during the contract extension period is expected to reach another $7-8bn

DMCC reports record H1 2022

Dubai’s DMCC reports record H1 2022 performance, registers 1,469 firms

Growth driven by strong commodities trade performance, continued appetite for the DMCC Crypto Centre, and the ease of setting up and doing business at DMCC

Saudi company Afanar to invest in Egypt-GettyImages-1080377280

Saudi Arabia’s Alfanar Global Development to invest SAR2bn in Egypt

The agreements – focused on tech for renewable energy, IT, digital solutions and cybersecurity – were signed on the sidelines of Saudi Crown Prince Mohammed bin Salman’s visit to Egypt

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

logistics park

Dubai’s DP World, Saudi Ports Authority sign agreement to build logistics park at Jeddah Islamic Port

The new facility will offer warehouse space of 100,000 square metres

Dubai International Chamber - Mexico

Dubai International Chamber to open new representative office in Mexico City

Mexico is Dubai’s second largest trading partner within Latin America and bilateral non-oil trade exceeded Dhs4.44bn in 2021

Germany

UAE, Germany non-oil trade totals Dhs478bn in 10 years

Imports accounted for 89.5 per cent of the total trade exchange