Iraq to suspend border trade with Iran, Kuwait from March 8-15

Sea- and air-borne trade will continue as long as personnel and goods involved have the necessary paperwork from their originating countries

amadea imperial

Dubai International Boat Show to showcase its biggest yacht ever

The superyacht will feature a helicopter deck, swimming pool and two bespoke guest tenders too

umex abu dhabi

Abu Dhabi’s UMEX 2020 concludes with Dhs750m deals

The total number of exhibitors was up nearly 40 per cent compared to the previous year

China to halve tariffs on $75bn US goods from February 14

Chinese tariffs on American goods from September 1 last year will be lowered, with the rate on some dropping from 10 per cent to 5 per cent

US lifts sanctions on unit of China’s biggest shipping company

In September, restrictions were levied on the Dalian units of China COSCO Shipping Corp., which increased freight rates considerably

Dubai’s non-oil trade grew 6% to reach Dhs1.02 trillion in first nine months of 2019

The emirate’s exports totaled Dhs118bn and re-exports grew to Dhs312bn, while imports equalled Dhs589bn

US and China sign first phase of trade deal

The deal outlines a $200bn spending spree by China to try and close its trade imbalance with the US

Non-oil trade between UAE, Japan totalled Dhs481bn from 2009-2019

The value of the overall trade between the two countries in the first half of 2019 reached Dhs26bn

DAFZA’s foreign trade totaled Dhs120bn for first nine months of 2019

It contributed 12 per cent to Dubai’s Dhs1.02 trillion foreign trade during that period

Gold steadies with US, Iran stepping back from the brink

Spot gold fell 1 per cent to $1,540.33 an ounce, only $11 higher than the closing price the day before the US strike

Revealed: Dubai’s biggest foreign trade partners during the first nine months of 2019

The emirate’s non-oil foreign trade grew 6 per cent to cross Dhs1 trillion between Jan-Sept

Dubai slams ‘smear campaign’ against UAE products

Dubai Media Office asserted that all products manufactured in Jebel Ali were subject to quality checks

UAE pledges gentle start to new IMO 2020 shipping fuel rules

New environmental regulations on the sulfur content in a vessel’s fuel enter into force on Jan. 1

AquaChemie to build Dhs150m chemical terminal at Jebel Ali Port

The facility will position itself as a strategic gateway hub to help conduct petrochemical trade across the GCC region and further

Dubai Gold and Commodities Exchange posted over 21.85 million contracts between Jan-Nov

The contracts, for the first 11 months of the year, valued in at over $400bn

Indian companies created 854,234 jobs in Dubai – report

Dubai has issued licenses to 246,737 Indian businessmen to set shop, strengthening bilateral ties

UAE’s re-exports market accounts for 28% of country’s total trade

In 2018, UAE’s re-exports reached Dhs431bn

UAE’s FTA to begin second phase of tobacco markings

The first phase of the scheme banned all type of cigarettes in local markets that didn’t bear the digital tax stamps

Dubai’s external trade with Russia up 67%

Putin begins official state visit to the UAE today

World’s top oil traders see 2020 prices in the $50s

The ongoing US-China trade dispute is believed to be a major contributing factor to determining the price of oil next year.

Dubai’s non-oil foreign trade surges in first half of 2019

Non-oil foreign trade is up five per cent compared to the same period in 2018 – and 87 per cent since 2009

Dubai launches virtual company licences

The licences are said be a regional first

Women account for 60% of Dubai social media business licences – new data

UAE nationals constitute about 72 per cent of social media business licences issued since 2017

US-China trade war: How will it impact the Middle East?

The trade war between the United States and China seems to be continuing without end. So what might come next?

More Abu Dhabi business licences being issued

New business licences in Q2 2019 up 44 per cent from same period in 2018

Dubai’s DP World slams Djibouti’s plan to disregard international adjudications

The case has seen five rulings by London courts over the last three years

DP World’s Dubai shipping container volumes fall for fifth consecutive quarter

DP World blamed the drop on the loss of lower margin cargo and challenging market conditions

Kuwait moves to protect its ports amid Gulf tensions

Relations between Iran and the West have become increasingly strained

Dubai’s DP World set to raise $1.3bn in bonds and sukuk

The proceeds of the sukuk will be used for general corporate purposes

Dubai’s DP World hires Citi, StanChart for new 10-year Islamic bond

A series of investor meetings are set to be held in Hong Kong, Singapore and London