Badenoch’s trip comes as the total trade between the UK and GCC reached a record high of GBP61.3bn in 2022
The partnership is expected to create new investment opportunities to support sustainable economic growth
The new office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC
The Sydney office is the second to be inaugurated in 2023 and expands the chamber’s global network to 17 representation offices
The bilateral trade between the two countries consisted of imports valued at Dhs25.2bn, while exports and re-exports were valued at approximately Dhs4.2bn
The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force
Both the countries agreed to double the volume of trade and investment exchange over the next seven years
The agreement will serve as a catalyst to increase and diversify bilateral trade by substantially eliminating tariffs, reducing non-tariff trade barriers and promoting trade
Non-oil bilateral trade between the UAE and EU amounted to $56bn in 2022, achieving growth of 9.3 per cent
Ministry of Industry and Advanced Technology hosts around 30 German companies to discuss expanding cooperation in fields such advanced technologies and de-carbonisation
The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent
The UAE is one of Brazil’s largest trading partners and President Lula’s visit is expected to boost bilateral relations between the two countries
The trade and investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021
According to WTO data, the UAE ranked 11th in terms of exports of commodities and was the 18th importer of global merchandise goods worldwide
The CEPA programme was launched in September 2021 to expand UAE’s trade and investment partnership with several strategic global markets
In 2023, inflation is projected to decelerate to 3.2 per cent, on the back of softer price increases in all categories
The UAE-Israel Comprehensive Economic Partnership Agreement was signed in May last year
The new partnership will accelerate Al Naboodah Group’s business-to-business trade, providing visibility of its products at the click of a button
The UAE now accounts for more than 63 per cent of the total volume of Georgia’s trade with Arab countries
The two countries agreed to enhance joint efforts to implement the MoU that was signed recently
Non-oil foreign trade between the UAE and Kuwait reached Dhs43bn by the end of 2022
The partnership will provide cargo owners with easy booking and shipment tracking via DP World’s SeaRates platform
In 2021, non-oil trade between the two countries totalled almost $60bn, resulting in a 27 per cent growth on the previous year
According to DMCC’s figures, trade for rough and polished diamonds touched $37.4bn in 2022
The office will promote trade from Hong Kong to Dubai and attract more businesses to the emirate
This is the first time that the country’s non-oil foreign trade has surpassed the Dhs2tn mark
The UAE offers a variety of business opportunities, both on and offline, for entrepreneurs looking to start new ventures in 2023
The two sides reviewed several regional and global issues of mutual concern and exchanged views
The summit showcased UAE-India economic ties and examined business opportunities in manufacturing and startups, agritech and food processing, healthcare, fintech and investment
Dubai Customs has been active in recycling counterfeit goods with more than 93 recycling operations that targetted 173,000 counterfeit items last year