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Business / Trade in United Arab Emirates

  • China remains biggest non-oil trade partner of Dubai in Q1

    CHINA, 2017/07/10 China remains the biggest non-oil trade partner of Dubai of the United Arab Emirates (UAE) in the initial quarter of 2017, with a share of 13.45 % of the sheikhdom's trade volume, the Dubai government's media office said on Saturday on twitter. Trade between Dubai and China reached 12 billion U.S. dollars in the initial three months this year, followed by that with India and the United States. The non-oil trade of Dubai grew in the initial quarter by 2.7 % year on year to 89.10 billion dollars, the office said.

  • What Is Happening in Qatar?

    EGYPT, 2017/06/06 What happened Monday?

  • Policy Differences Emerge Among Gulf States Days After Wooing President Trump

    BAHRAIN, 2017/05/29 Cracks have appeared in a Saudi-led, US-backed anti-terrorist political and military alliance days next US President Donald J. Trump ended a historic visit to Saudi Arabia. The cracks stem from Qatar’s long-standing fundamental policy differences with Saudi Arabia and the United Arab Emirates about Iran and the role of political Islam. The cracks emerged as the result of an anti-Qatar media and cyber campaign involving a spate of anti-Qatar articles in US and Gulf media; the blocking of Qatar-backed media websites and broadcasts in Saudi Arabia, the United Arab Emirates and Egypt; statements by prominent former US government officials; and a recent seminar by the Washington-based Foundation for the Defense of Democracies that has long asserted that Qatar supports militant groups.

  • Sharjah on the road to stronger ties with international partners

    UNITED ARAB EMIRATES, 2017/04/16 Sharjah is actively increasing its profile abroad through trade shows and high-level diplomatic visits in a bid to bolster existing trade and investment partnerships and build new ones. Overseas interests In late January a trade delegation led by Saif Mohammad Al Midfa, CEO of Expo Centre Sharjah, visited the northern Italian industrial city of Bergamo to foster trade ties, conference key stakeholders such as the Bergamo Chamber of Commerce and the Expo Centre Bergamo. The UAE represents Italy’s major export market in the MENA region, with bilateral trade reaching $7.4bn in 2015 and Italian imports accounting for $6.58bn of the total, according to Italy’s Ministry of Foreign Affairs. The UAE serves as both a final destination and regional re-export hub for Italian goods, predominantly in the jewellery and machinery segments.

  • Seychelles and Abu Dhabi Strengthen and Consolidate Relations

    UNITED ARAB EMIRATES, 2016/11/24 The President of the Republic of Seychelles, Mr Danny Faure, undertook a working visit to Abu Dhabi following an invitation from His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During their conference yesterday, President Faure and His Highness Sheikh Mohammed bin Zayed Al Nahyan reviewed the existing bilateral relations between the two nations, and exchanged views on strengthening and consolidating these relations for the mutual benefit of both peoples.

  • Visa on arrival for Chinese to boost tourism, trade

    CHINA, 2016/09/12 The business between China and the UAE is expected to get a boost as the UAE grants visa on arrival for Chinese nationals, a senior Chinese diplomat and business executives told Gulf News. “It will further promote bilateral cooperation in such areas as aviation, trade and service, thus bringing additional opportunities for bilateral economic cooperation,” said Lin Yaduo, chargé d’affaires at the Chinese Embassy in Abu Dhabi. He said the UAE has been China’s second major trading partner and the major export market in the Middle East and North African region, and an significant trading hub for Chinese products.

  • Shaping a regional GCC rebound

    BAHRAIN, 2015/11/28 Analyses of the prevailing global economic conditions and outlined key elements that could drive GCC to register a modest economic rebound in 2016.

  • United Arab Emirates joining the jostle for Africa

    UNITED ARAB EMIRATES, 2015/11/21 “It goes back to around 2007,” the Dubai Chamber of Commerce and Industry’s president and CEO, Hamad Buamim, told a table of African journalists. “I met the chief of the Hong Kong Chamber of Commerce, and he said while Dubai is by presently a gateway for the Gulf region, Middle East and northern Africa, what they really want is access to Africa.” At this time media coverage around Africa’s opportunities was only beginning to emerge as the Western world stood on the brink of recession. China, however, was by presently heavily invested in the continent. The establishment of the Forum on China-Africa Cooperation (FOCAC) Summit in 2000 marked a significant turning point in China’s relations with the continent, where the economic powerhouse started to take a long-term investment border – the same year The Economist dubbed Africa “the hopeless continent”.

  • Ras Al Khaimah Free Trade Zone set for expansion :UAE

    UNITED ARAB EMIRATES, 2015/06/28 Ras Al Khaimah Free Trade Zone (RAK FTZ) is in the midst of a major expansion, which will see a host of new infrastructure, tenants and specialised facilities spring up in the coming years. Acting as an significant driver of economic increase, and recently ranked as one of the best in the world, the free zone was established 15 years ago and today boasts over 8000 businesses from 100 different nations. The development will support the emirate’s long-term vision of increasing diversification through industry, health, education and tourism.

  • Funding Most Challenging For UAE Entrepreneurs

    UNITED ARAB EMIRATES, 2015/04/25 Despite government efforts to support SMEs in the UAE, financing is still a top challenge facing entrepreneurs, a new MEED survey has indicated. While the government has intensified its support for SMEs through the Khalifa Fund for Enterprise Development in Abu Dhabi, inclunding an equity fund and other financial support provided by Dubai SME, a lot of expatriate-owned start-ups, which account for almost 95% of the SME sector, still face huge obstacles in acquiring financing, the MEED survey reveals. Out of 152 SMEs surveyed, 67 respondents (or 45%) cited financing as one of the biggest challenges, out of which 21 said acquiring financing is proving to be a very difficult undertaking for small business owners in the UAE.
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