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THE ECONOMY - INT'L ECONOMIC/TRADE/BUSINESS AGREEMENTS

DED in Dubai receives innovative ideas via eSuggest

Posted on 04/09/2016

The Dubai Department of Economic Development, DED, has honoured 36 of its employees and 9 of its customers for their innovative ideas and suggestions made via the eSuggest scheme during 2015 and the first half of 2016. The ceremony of honour is part of DED's policy of recognising creative thinkers who contribute to developing its performance and the quality of services being provided to the business community. Employees from various business units and agencies of DED submitted their ...  >>MORE

Ministry of Economy enters into strategic partnership with US Department of Commerce to promote cooperation in innovation, entrepreneurship

Posted on 10/02/2016

The UAE Ministry of Economy has signed a strategic partnership agreement with the US Department of Commerce to promote mutual cooperation in the field of innovation and entrepreneurship. The Memorandum of Understanding, MoU, was signed by Abdulla bin Ahmed Al Saleh, Under-Secretary for International Trade on behalf of the UAE, and by Stefan Selig, US Under-Secretary for Foreign Trade and Industry on behalf of the United States. Sultan bin Saeed Al Mansouri, Minister of Economy, was present at ...  >>MORE

Re-exports may Drop as Global Slowdown Hits Trade

Posted on 09/04/2009

The UAE's re-exports may drop as the world trade has been hit by the global economic slowdown, said Sultan bin Saeed Al Mansouri, the Minister for Economy. The minister said that if re-exports contract the country's Gross Domestic Product, or GDP, would also suffer. The Minister was commenting on the negative effects of global economic downturn at a ceremony, which was held to sign an MoU on Trade, Technical and Economic Cooperation with Lord Peter Mandelson, the visiting British Secretary of ...  >>MORE

Sultan, King of Sweden attend signing of partnership agreement between RCA, UAE Scout Association

Posted on 27/10/2008

HH Dr Sheikh Sultan bin Mohammed Al Qasimi, UAE Supreme Council Member and Ruler of Sharjah and King Carl XVI Gustaf, of Sweden and Honorary President of the World Scout Foundation, have recently attended the signing ceremony of the partnership agreement between the UAE Red Crescent Authority (RCA) and the UAE Scout Association. As per this agreement, the twining deal between the two bodies will be energised and strong coordination will be established in line with their common humanitarian and ...  >>MORE

DFSA signs MoUs with regulators in China and Singapore

Posted on 09/10/2008

The Dubai Financial Services Authority (DFSA) has entered into agreements with two of Asia's leading regulators, the China Securities Regulatory Commission (CSRC) and the Monetary Authority of Singapore (MAS). These Memoranda of Understanding, which were signed last week, commit the DFSA and the CSRC to information sharing and co-operation in the supervision of their securities markets and, in the case of MAS, which, like the DFSA is an integrated regulator, the commitment to information ...  >>MORE

Agreement signed to market Sudanese products in Abu Dhabi

Posted on 06/10/2008

Tawasul Agric Products Company and the Economic Attache at the Sudanese Embassy have signed an agreement based on which the former will market Sudanese agriculture and food items on the UAE market. A statement issued today by the Economic Attache of the Sudanese Embassy said the agreement, which was signed at the Abu Dhabi Municipality premises is within the framework of boosting economic ties between the UAE and Sudan, adding that the agreement is a major boost for the efforts of pushing ...  >>MORE

KazmunayGas, ConocoPhillips and Mubadala sign MoU for "N" block offshore Kazakhstan

Posted on 06/10/2008

JSC National Company KazMunayGas, ConocoPhillips [NYSE: COP] and Mubadala Development Company PJSC (Mubadala) announced yesterday that they have signed a Memorandum of Understanding to negotiate terms for the exploration and development of the "N" Block, located in offshore Kazakhstan, under a new subsoil use contract. The parties will now have until December 31 2008 to negotiate the definitive agreements for the assignment by KMG of a 49% interest in the subsoil use contract to be shared ...  >>MORE

Amlak Finance and Tamweel announce merger talks

Posted on 05/10/2008

Amlak Finance PJSC and Tamweel PJSC - the two leading real estate finance providers in the UAE, both of which are listed on the Dubai Financial Market - announced yesterday that they have begun exploratory discussions for a possible merger of their respective operations. Drawing upon the combined market expertise of the management teams and employees of both companies, a potential merger will bring significant benefits to the companies, shareholders and customers, including: creation of the ...  >>MORE

DFM and Deutsche Bank sign custody agreement

Posted on 17/09/2008

Dubai Financial Market (DFM) and Deutsche Bank have announced that they have signed a Depository Participant Agreement (DPA). The agreement will enable Deutsche Bank to provide custody of DFM-listed securities to institutional and international clients, thus helping to broaden the Market's investor base. With the signing of this agreement, Deutsche Bank is now able to offer custody services across the UAE's on-shore and off-shore exchanges. By acting as a depository participant Deutsche Bank ...  >>MORE

UAE-Japan to benefit from FTA

Posted on 24/06/2008

The UAE needs to offer concessions to Japan to sign a free trade agreement (FTA) and ensure that both countries would benefit from the deal, according to a prominent UAE think-tank centre. The FTA should focus on bridging the gap in trade between the two sides and encourage Japan to pump more investment into the UAE to enable it to acquire technology, which is needed for its economic diversification programme, said the Emirates Centre for Strategic Studies and Research (ECSSR). In a new book ...  >>MORE

UAE, Australia discuss FTA, economic relations

Posted on 10/06/2008

Minister of Foreign Trade Sheikha Lubna bint Khalid Al Qasimi and Australian Minister for Foreign Affairs and MP Stephen Smith discussed bilateral relations between their two countries. At a meeting held in Abu Dhabi in presence of Australian Ambassador to the UAE Jeremy Bruer, the two sides reviewed the latest developments in free trade talks between Australia and the Gulf Cooperation Council (GCC). The two sides underscored the significance of a free trade agreement for wider economic, ...  >>MORE

Lubna Al Qasimi, Australian official discuss developments of GCC-Australian free trade talks

Posted on 20/11/2007

Sheikha Lubna bint Khalid Al Qasimi, UAE Minister of Economy discussed in Abu Dhabi yesterday with David Spencer, Australian Chief Negotiator of the Free Trade Agreement, developments on the talks between Gulf Cooperation Council (GCC) and Australia on the free trade agreement. The two officials discussed issues, which will be tackled during the next round of talks between the GCC and Australia, on Tuesday in the Saudi Arabian capital, Riyadh. Lubna stressed the need to reach free trade ...  >>MORE

UAE-US review progress on FTA talks

Posted on 30/10/2007

Progress on UAE-US free trade talks, economic relations and possibility of establishing joint investment ventures were the focus of discussions yesterday between Sheikha Lubna Bint Khalid Al Qasimi, Minister of Economy, and visiting US Treasury Under Secretary for International Affairs David H. McCormick. Sheikha Lubna told her guest that current investment environment in terms of legislations and opportunities were conducive to attracting more US capital to the UAE. The US official commended ...  >>MORE

US-UAE economic relations extraordinary, strong: US Treasury Dept. Undersecretary

Posted on 30/10/2007

The United States and the United Arab Emirates maintain an already extraordinary and strong economic relationship and both countries are certainly committed to further integration in the future, stressed U.S. Treasury Undersecretary for International Affairs David McCormick. Speaking to reporters at a press briefing yesterday at the US Embassy in the UAE capital city of Abu Dhabi, McCormick expressed hopes that the United States and the UAE would conclude a Free Trade Agreement (FTA). He ...  >>MORE

UAE-Algerian joint committee meeting concludes

Posted on 14/06/2007

The fifth meeting of the Joint UAE-Algerian Ministerial Committee concluded in yesterday with a renewed commitment by both sides to bolster bilateral cooperation. The two aides signed six agreements that will form a framework for bilateral cooperation. The UAE minister of economy, Sheikha Lubna Al-Qasimi, who signed the agreements for the UAE , hailed the success of the fifth session, saying the six agreements would reinforce bilateral ties. "As we end the fifth session of joint committee, I ...  >>MORE

UAE Minister of Economy builds bridges to U.S trade associations

Posted on 19/03/2007

Washington, DC - At a private breakfast hosted by the National U.S.-Arab Chamber of Commerce (NUSACC), Lubna Al Qasimi, UAE Minister of Economy and Planning, met with a high-level group of trade association leaders to discuss the importance of commercial relations and dialogue. Sheikha Lubna noted that the UAE serves as the "number one export destination for the United States in the Arab world' and that the UAE provides access to "one billion consumers through our nation's seaports and ...  >>MORE

Informal US-UAE trade talks to go on

Posted on 12/03/2007

Free trade negotiations between the UAE and the US have stalled, but the two countries will continue informal discussions to reach a deal in the future, an American official said. US and UAE officials were hoping to conclude a free trade agreement (FTA) by March 31 as the Bush White House's trade promotion authority expires at the end of June. "Right now there is a pause in negotiations... [it is] a stock taking moment," US under-secretary for international trade Franklin Lavin said ...  >>MORE

UAE banks will gain from US free-trade deal delay

Posted on 11/03/2007

The likely inability of the UAE and the US to complete a free trade agreement (FTA) during the presidency of George W Bush will give local banks breathing space to strengthen their balance sheets and meet competition more effectively, analysts said. According to a report by the Dubai Chamber of Commerce and Industry, an FTA with the US will result in American investment in the UAE banking industry, with US-based banks strengthening their presence here. "An FTA is expected to facilitate ...  >>MORE

Mandelson sees FTA this year

Posted on 26/02/2007

The free trade agreement (FTA) between the GCC countries and the European Union is expected to be signed this year, a top EU official said yesterday. Peter Mandelson, the European Union Trade Commissioner, said that the EU is showing more flexibility on rules of origin and looks forward to speeding up the discussions. "We are approaching the final stage of the negotiations and I hope to end in success by the end of this year. I am optimistic that an agreement could be reached between the GCC ...  >>MORE

DCCI discusses upgrading economic and commercial ties with US

Posted on 15/02/2007

"The US is quite interested in luring foreign businesses and tourists from the UAE and that is why we have informed our consulate and embassy in the UAE to facilitate the issue of visas and other immigration and travel laws are effective, in addition to ensuring the best security for travellers and businessmen," said US Undersecretary of State for Management Henrietta Holsman-Fore. The US official made her remarks at a meeting yesterday with Obaid Humaid Al Tayer, Chairman of Dubai Chamber ...  >>MORE

UAE-US free trade talks make progress

Posted on 13/02/2007

Free Trade Talks between the UAE and the United States have achieved progress in many aspects, notably in the areas of standards, environment, e-commerce, penetration to markets and copyrights. According to a statement issued Monday by the Ministry of Finance and Industry, the two sides will build on the progress made so far to clear the rest of the hurdles. "The two sides have agreed to redouble efforts to resolve the outstanding issues, notably issues related to digital economy and ...  >>MORE

UAE pushing for EU-Gulf free trade pact

Posted on 06/02/2007

The UAE is pushing for the signing of the free trade agreement (FTA) between the European Union and the Gulf countries soon, according to top officials. "During my last visit to Geneva I have met with the EU's trade commissioner, Peter Mandelson, who will visit the GCC countries very soon to give a push to the talks, as both parties feel it needs to be signed sooner than later," Sheikha Lubna Al Qasimi, UAE Minister of Economy, told Gulf News. In her meeting with the German Chancellor Angela ...  >>MORE

UAE weighs price of trade pact with US

Posted on 05/02/2007

The UAE is considering whether to make concessions to the United States and win a market of 300 million consumers in a free trade pact that has eluded both countries for nearly two years. Several rounds of negotiations on the free trade agreement (FTA) have failed to produce a deal. Washington promised to open up its markets to UAE exports to ease a widening trade deficit and support Abu Dhabi's bid to acquire technology needed for an ongoing programme to diversify its economy and lessen ...  >>MORE

UAE-US trade talks next month

Posted on 24/01/2007

The UAE and US negotiators will meet next month to resolve contentious issues that are delaying a free trade agreement between the two countries. Dr Mohammad Khalfan Bin Kharbash, UAE Minister of State for Financial and Industrial affairs, said yesterday the two sides are at present discussing labour, market access, investment protection, and issues related to the services and communications sectors. "Some of the chapters are closed. We are currently working on four chapters," he said in ...  >>MORE

UAE and Italy underline the need to conclude FTA

Posted on 16/01/2007

The UAE and Italy yesterday stressed the need to resolve outstanding issues that have hitherto delayed the signing of a free trade agreement between the Gulf Cooperation Council (GCC) countries and the European Union (EU). In remarks during a meeting held in Abu Dhabi yesterday, UAE Minister of Economy Sheikha Lubna Al Qasimi and Italian Deputy Prime Minister and Minister of Foreign Affairs Massimo D'Alema underlined the need to finalise the outstanding issues and pave the way for a final ...  >>MORE

US trade deal close to stalemate

Posted on 15/01/2007

The free trade negotiations between the UAE and the US are at risk of a stalemate if an agreement is not reached within a month, according to a senior government official. "Democrats are now in charge of the US Congress, and such change is adding to the odds facing the agreement," Younes Esmail Khoury, the recently-appointed undersecretary of the Ministry of Finance and Industry, told Gulf News yesterday. "First there was the issue of rejecting DP World's acquisition of P&O's US-based ...  >>MORE

Free trade agreement with China under negotiation, says bin Sulayem

Posted on 07/12/2006

The UAE Government is in the process of negotiating a Free Trade Agreement with China, which would help further boost the rapidly growing bilateral relations, Sultan bin Sulayem, Chairman of Dubai World, told delegates at the on-going Arab Strategy Forum. He also announced that his company, Nakheel, is looking at setting up prestige real estate projects in both China and India to cater to the growing population of the well-off who demand world-class standards. "We are a major investor in ...  >>MORE

UAE in intensive talks to forge strategic economic partnerships

Posted on 27/11/2006

The UAE is intensifying its efforts to strike economic and trade partnerships and free trade agreements with its strategic partners and major economic blocs around the world. At the top of the UAE's list of strategic partnership priorities come Germany, France, South Korea and other European and Asian countries. Negotiations are currently underway with the US to conclude a free trade agreement with the world's economic giant. The UAE is also engaged in collective talks between the Gulf ...  >>MORE

Free Trade Agreement between EU and GCC to be expedited

Posted on 30/10/2006

Dubai Press Club (DPC) hosted Her Excellency Emma Bonino, Italian Minister of International Trade and European Affairs on Saturday, on 28 October at DPC premises in Dubai Media City. The diplomat's visit to the UAE marked the beginning of a four day tour to Gulf States including Bahrain, Qatar and Kuwait with an aim to strengthen bilateral economic and industrial relations with strategically located countries that play a crucial role in Italy's trade exchange. Following her visit, the UAE ...  >>MORE

Lubna holds talks with EU official

Posted on 14/09/2006

Sheikha Lubna Al Qasimi, UAE Minister of Economy, yesterday held high level talks with top European Commission official at the Ministry of Economy headquarters in Abu Dhabi. Sheikha Lubna during her discussions with Karl Falkenberg, deputy director-general of the European Commission, directorate-general for trade, addressed pending issues of the FTA. Falkenberg is on a regional tour with his delegation of the Gulf countries to discuss with GCC officials the technicalities related to the FTA ...  >>MORE

Dubai Chamber says Jordan is a potential market for UAE

Posted on 11/09/2006

The Dubai Chamber of Commerce and Industry (DCCI) said that Jordan is a potential market for the UAE, and the UAE could win a good chunk of Saudi Arabia's trade with Jordan. "Jordan could be a potential market for the UAE's commodities and exports. UAE investors can benefit from the investment and trade opportunities offered by the Jordanian authorities," said a recent DCCI report. "The UAE can increase its exports to Jordan and grab an important share of Saudi exports to Jordan," added the ...  >>MORE

UAE-US FTA negotiations progressing: David Welch

Posted on 28/06/2006

Houston - US Assistant Secretary of State for Near Eastern Affairs David Welch has said negotiations between the UAE and his country for a free trade agreement were continuing and progressing. "Reaching an agreement would take time and continuous negotiations. We hope a deal would be reached as soon as possible", the US official said. Welch said the UAE and the US were tied up by distinguished political and economic relations. "The US has developed a strong partnerships with GCC countries," ...  >>MORE

US-UAE continue to enjoy vibrant relations: US official

Posted on 18/06/2006

Washington - The UAE and United States have had long standing and vibrant relations on various spheres, a senior US official has said. Speaking to reporters on the sidelines of the U.S.-Arab Economic Forum, Alberto M. Fernandez , Director for Public Diplomacy for the Bureau of Near Eastern Affairs , described the UAE-US relations as constructive and vibrant , adding that the UAE is playing a proactive role in the region. He said his country was keen to strengthen its relations with the ...  >>MORE

EU, GCC might reach FTA agreement within months: Abdullah bin Zayed

Posted on 17/05/2006

Brussels - The European Union and the Gulf Cooperation Council (GCC) might reach a free trade agreement within the coming few months as the two parties share a common political will, said Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs. "Both the EU and GCC share a common political will to conclude this agreement. Both sides have renewed their commitment to expedite the process of reaching a free trade agreement and I hope the deal will be reached within the coming few ...  >>MORE

UAE-US free trade consultations successful: UAE official

Posted on 13/05/2006

Undersecretary at the Ministry of Finance and Industry, Abdullah Ahmad Al Saleh, described the consultations between delegations of the UAE and the USA as successful. The consultations were held during the last two days in Abu Dhabi as part of free trade negotiations between the two countries. Al Saleh who headed the UAE delegation told WAM the consultations focused on special investments issues and related services. Both sides agreed on continuing the discussions at a time to be set by both ...  >>MORE

Free trade talks with US to reopen in April after delay

Posted on 22/03/2006

Free trade talks between the UAE and the United States should resume at the end of April after an unexpected delay this month, with a final deal seen by midyear, officials said yesterday. Both sides have been working on a free trade agreement (FTA) since March 2005 and had originally been scheduled to hold their fifth round of talks last week. But the ongoing negotiations were postponed following the collapse of a deal that would have allowed Dubai Ports World to manage a total of six American ...  >>MORE

UAE and New Zealand will begin FTA talks tomorrow

Posted on 18/03/2006

The UAE and New Zealand are expected to begin talks on a free trade agreement (FTA) tomorrow, a top Government official said. The negotiations are part of the Kiwi government's plan to hold FTAs with GCC states, Phil Goff, New Zealand's Trade and Defence Minister, told Gulf News on Wednesday. He will hold talks with Sheikha Lubna Al Qasimi, UAE Minister of Economy, tomorrow that will focus on strengthening economic cooperation and trade. "The GCC countries have made suggestions to sign FTAs ...  >>MORE

4th Round of UAE-US FTA negotiations begin

Posted on 31/01/2006

The UAE and US will resume their fourth round of FTA negotiations today in London. The negotiations will focus on vital issues of common interest to both countries. The UAE delegation is led by Dr. Mohamed Khalfan bin Kharbash, Minister of State for Finance and Industry and chairman of negotiation council and Sheikha Lubna Al Qasimi, UAE Minister of Economy and Planning and co-chair of the negotiation council. The negotiating team from both sides will focus on the areas of services, ...  >>MORE

Dubai-Osaka Economic Partnership Forum launched

Posted on 21/12/2005

The Dubai-Osaka Economic Partnership Forum was launched yesterday in the Japanese city of Osaka, organized by the Dubai Municipality and the Dubai Chamber of Commerce & Industry, in cooperation with the Department of Tourism and Commerce Marketing , the Ports, Customs and Free Zone Corporation, and Index Conference and exhibitions Organization. The opening ceremony of the Forum was attended by Yotaka Tajasoki, Deputy Governor of Osaka city, Qasim Sultan, Director General of the Dubai ...  >>MORE

Abu Dhabi, Luxembourg chambers ink co-operation agreement

Posted on 20/11/2005

Abu Dhabi Chamber of Commerce and Industry (ADCCI) and its counterpart in Luxembourg signed yesterday an agreement to boost joint co-operation. The agreement calls for giving priority to industrial ventures with the aim of transferring modern technology to the UAE and Abu Dhabi in particular. Grand Duke Henri of Luxembourg and Minister of Economy and Foreign Trade Jeannot Krecke attended the signing ceremony. ADCCI Director General Mohammed Omar Abdullah said the agreement would further ...  >>MORE

Kharbash leads UAE delegation for 3rd round FTA talks with US

Posted on 09/11/2005

The UAE and US will resume their FTA negotiations on the 12 through the 16 of November in London. The negotiations which will take place in the Churchill Hotel will focus on vital issues of common interest to both countries. The UAE delegation will be led by Dr. Mohamed Khalfan bin Kharbash, Minister of State for Finance and Industry and Sheikha Lubna Al Qasimi, Minister of Economy and Planning. The negotiating team from both sides will focus on the areas of telecommunication, tax ...  >>MORE

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Quick List

DED in Dubai receives innovative ideas via eSuggest


Ministry of Economy enters into strategic partnership with US Department of Commerce to promote cooperation in innovation, entrepreneurship


Re-exports may Drop as Global Slowdown Hits Trade


Sultan, King of Sweden attend signing of partnership agreement between RCA, UAE Scout Association


DFSA signs MoUs with regulators in China and Singapore


Agreement signed to market Sudanese products in Abu Dhabi


KazmunayGas, ConocoPhillips and Mubadala sign MoU for "N" block offshore Kazakhstan


Amlak Finance and Tamweel announce merger talks


DFM and Deutsche Bank sign custody agreement


UAE-Japan to benefit from FTA


UAE, Australia discuss FTA, economic relations


Lubna Al Qasimi, Australian official discuss developments of GCC-Australian free trade talks


UAE-US review progress on FTA talks


US-UAE economic relations extraordinary, strong: US Treasury Dept. Undersecretary


UAE-Algerian joint committee meeting concludes


UAE Minister of Economy builds bridges to U.S trade associations


Informal US-UAE trade talks to go on


UAE banks will gain from US free-trade deal delay


Mandelson sees FTA this year


DCCI discusses upgrading economic and commercial ties with US


UAE-US free trade talks make progress


UAE pushing for EU-Gulf free trade pact


UAE weighs price of trade pact with US


UAE-US trade talks next month


UAE and Italy underline the need to conclude FTA


US trade deal close to stalemate


Free trade agreement with China under negotiation, says bin Sulayem


UAE in intensive talks to forge strategic economic partnerships


Free Trade Agreement between EU and GCC to be expedited


Lubna holds talks with EU official


Dubai Chamber says Jordan is a potential market for UAE


UAE-US FTA negotiations progressing: David Welch


US-UAE continue to enjoy vibrant relations: US official


EU, GCC might reach FTA agreement within months: Abdullah bin Zayed


UAE-US free trade consultations successful: UAE official


Free trade talks with US to reopen in April after delay


UAE and New Zealand will begin FTA talks tomorrow


4th Round of UAE-US FTA negotiations begin


Dubai-Osaka Economic Partnership Forum launched


Abu Dhabi, Luxembourg chambers ink co-operation agreement


Kharbash leads UAE delegation for 3rd round FTA talks with US