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

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

UAE, US in FTZ consultative meeting

Posted on 08/10/2005

London - A consultative meeting between the United Arab Emirates and United States took place here on Friday to assess progress made in the on-going bilateral free trade zone negotiations, particularly at the economic level. The meeting also discussed preparations for the third round of talks scheduled to be held next November in Washington in a bid to hammer out an agreement on the issue. The UAE side to the meeting was led by Dr Mohammed Khalfan in Kharbash, Minister of State for Finance ...  >>MORE

UAE and Turkey sign investments protection agreement

Posted on 01/10/2005

The UAE and Turkey signed an Investment Protection Agreement on Wednesday to encourage and protect mutual investments between the two countries. The agreement was signed in Abu Dhabi in the presence of Sheikh Hamdan bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of State for Foreign Affair, and Rajab Tayyip Erdogan, the Prime Minister of Turkey. Dr. Mohammed Khalfan Bin Kharbash, Minister of State for Finance and Industry, signed the agreement on behalf of the UAE while Turkey ...  >>MORE

UAE-US to hold consultative meeting on Free Trade Zone talks

Posted on 28/09/2005

The UAE and the United States will resume their negotiations on the establishment of a free trade zone in November, it was announced in Abu Dhabi yesterday. Negotiators from both sides will hold a consultative meeting in London on October 7 to review the progress made so far with respect to issues that should be covered by the agreement. The second round of the talks was held in Washington from 9 to 13 May this year. "A significant progress has been made on the negations during the last few ...  >>MORE

UAE, South Africa ink agreement

Posted on 26/09/2005

The UAE and South Africa signed the Economic Trade & Technical Cooperation agreement yesterday to frog-jump the expanding trade relations between the two nations. At a ceremony, Sheikha Lubna Al Qasimi, Minister of Finance and Planning signed the agreement for the UAE, while the visiting South African Minister of Trade and Industry, Mandisi Mpahlwa represented his nation. The South African exports to the UAE have increased from US$251 million in 2002 to US$410.5 million in 2004 while the ...  >>MORE

Lubna: The UAE is witnessing comprehensive development

Posted on 26/09/2005

Sheikha Lubna Al Qasimi , Minister of Economy and Planning, has yesterday explored aspects of cooperation with 'Mideast International', a visiting French delegation of industrialists and businesspersons in the context of establishing joint projects. She said: "The UAE is witnessing a comprehensive development in all sectors and is being abundant with investments opportunities which makes it a tremendous investment centre in the region". "The UAE had adopted a free trade policy in its ...  >>MORE

FTA talks between UAE & US on track: says envoy

Posted on 17/09/2005

The United States and the UAE took into confidence their respective private sectors before starting their complex negotiations on a Free Trade Agreement (FTA), to redress all their concerns and apprehensions, if any, said US Ambassador to the UAE, Michele Sison. Speaking to Khaleej Times after signing a Memorandum of Understanding (MoU) on Cooperation between the Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the American On-line Trading Academy (OTA), Sison said that already two ...  >>MORE

ADFD explores investment opportunities in Jordan

Posted on 14/09/2005

Abu Dhabi Fund for Development, ADFD, has said it is currently financing a number of investment project in Jordan, including a US$30-million loan facility to construct a residential quarter in place of a slum dwelling. "The new quarter will serve as a replacement to the present southern district of Al Shallalah, which lacks essential amenities and services. Around 5,000 inhabitants will be relocated to this new neighbourhood," said Saeed Khalfan Al Rumaithy, ADFD's director general, when he ...  >>MORE

India's Nalco plans US$3b Abu Dhabi aluminium smelter

Posted on 07/09/2005

India's National Aluminium Company Limited (Nalco) plans to set up a US$3 billion (Dh11.04 billion) aluminium smelter in Abu Dhabi, and Reliance Industries may invest in a petrochemical plant, official sources said. "India's investments are poised to take off in a big way in the UAE following Sheikh Hamed Bin Zayed Al Nahyan's recent visit to India. Some of the big Indian companies are planning to invest here," said C.M. Bhandari, India's new ambassador to the UAE. "Nalco is thinking of ...  >>MORE

UAE to participate in Arab economic forum

Posted on 06/09/2005

Sheikha Lubna Al Qasimi, Minister of Economy and Planning, will lead the country's delegation to the76th Ministerial meeting of the Arab League's Economic Council, to be held between 7 and 8 September in Cairo. The meeting will discussed a number of topics on its agenda, including a report by the League's Secretary General on the progress of implementing resolutions agreed during previous meeting. The ministers will also discuss a proposed agreement on inter-Arab land transport and introducing ...  >>MORE

UAE, South Africa to sign major trade accords

Posted on 31/08/2005

The trade between UAE and South Africa will expand tremendously in near future, as both the countries will sign three major trade agreements next month, which will help remove all the obstacles that have hindering the growth in trade. "On September 24-25, South African's Minister of Trade and Industry, Mandisi Mpahlaw would lead a business delegation to the UAE," said the South African Ambassador to the UAE, Dikgang Moopeloa, said, according to the Khaleej Times. During his stay in the ...  >>MORE

UAE, Australia explore prospects of joint co-operation

Posted on 20/07/2005

Victoria - Visiting Sheikh Marwan bin Rashid Al Mu'alla, Chairman of Umm Al Qaiwain Lands and Properties Department, held talks yesterday with Victorian Minister for Manufacturing and Export Andre Haermeyer over prospects of joint trade, economic and investment relations. They also explored aspects of bilateral cooperation in the areas of exchange of expertise and information. Sheikh Marwan also visited the office for promotion of investment and development and the real estate investment ...  >>MORE

Tariq Al Qasimi explores investment opportunities in Pakistan

Posted on 20/07/2005

Islamabad - Sheikh Tariq Al Qasimi, Chairman of the Sharjah Economic Department, here yesterday, has discussed investment opportunities in Pakistan with Prime Minister, Shaukat Aziz. The Prime Minister stated that his government appreciated the concern of UAE businesspersons in investing in Pakistan, and for the UAE introduction of the Islamic Banking system to Pakistan, adding that his country would provide all the necessary facilities to UAE investors, especially that conditions were ...  >>MORE

UAE-Australia explore prospects for joint economic co-operation

Posted on 12/07/2005

Sheikha Lubna Al Qasimi, Minister of Economy and Planning and Sultan Saeed Al Mansouri, Minister of Communications, met together yesterday with visiting Premier of the Australian State New South Wales, Bob Carr, and accompanying delegation. The two ministers reviewed with the Australian top official ways of enhancing trade and investment relations. Sheikha Lubna said that the UAE 'is one of the most competitive countries in the world in terms of creating the favourable environment for ...  >>MORE

Dubai-Osaka forum to be held in December

Posted on 06/07/2005

The Japanese city of Osaka will host Dubai-Osaka Economic Partnership Forum during December 20-22, 2005, it was announced at a Press conference yesterday. The latest preparations for the forum were unfolded during the Press conference, which was attended by Qassim Sultan, Director General of Dubai Municipality, Abdul Rahman Al Mutaiwee, Director General of Dubai Chamber of Commerce and Industry, Tadaharu Chichii, Consul General of Japan in Dubai and a number of officials. Sultan said the ...  >>MORE

UAE, Singapore discuss economic ties

Posted on 04/07/2005

Sheikha Lubna Al Qasimi, Minister of Economy and Planning, received in Abu Dhabi yesterday Singaporean Minister of Trade and Industry, Lim Hng Kiang and accompanying delegation. The meeting reviewed bilateral cooperation and ways to further enhance this distinguished friendship and cooperation between the UAE and Singapore. The series of these meetings between the two countries' officials come within the context of the efforts being exerted by the UAE to improve and boost trade exchange ...  >>MORE

UAE and French businessmen discuss ways of increasing joint ventures

Posted on 22/06/2005

UAE businessmen and their French counterparts held a meeting here Tuesday as part of the current visit to France by General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy and Supreme Commander of the UAE Armed Forces. The UAE side was headed by Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Planning and Economy Department, and Chairman of the General Authority for Health Services in Abu Dhabi (GAHS). The meeting dwelt on ways of increasing investments and ...  >>MORE

UAE, Argentina discuss cooperation

Posted on 15/05/2005

The Secretary General of UAE Municipalities, Jasim Mohammed bin Darwish, received here Saturday at his office Ambassador of Argentina, Ruben Eduardo Caro and discussed with him cooperation between the two countries in the area of food export. They also discussed cooperation in the field of services, health, environment and the possibility of cooperation, exchange of expertise and visits in these areas. The Ambassador presented an invitation to the UAE, inviting a delegation from the UAE ...  >>MORE

UAE, Spain agree to promote economic ties

Posted on 15/05/2005

The United Arab Emirates and Spain Saturday reached a consensus on the need to avoid double taxation between them and promote bilateral economic and trade ties with particular emphasis on energy. In a meeting held here between Sheikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs and Spanish Minister of industry, tourism and trade Jose' Montilla Aguilera, the two countries also explored avenues of cooperation and agreed that double taxation on investments, particularly on the ...  >>MORE

UAE-USA start FTA's second round talks

Posted on 11/05/2005

A high level UAE delegation has started talks yesterday with US officials as part of the second round of negotiations on the proposed Free Trade Agreement (FTA) between the two countries. The delegation led by Sheikha Lubna Al Qasimi, Minister of Economy and Planning, met yesterday with some committees at the US Congress. Later in the day, the delegation will hold preliminary talks with officials at the US Department of Commerce. The second round negotiations will focus on commercial, ...  >>MORE

UAE-Philippines economic ties discussed

Posted on 01/05/2005

Abdul Rahman Ghanim Al Mutaiwee, Director General of Dubai Chamber of Commerce and Industry, DCCI, has called on the Filipino companies and businessmen to effectively contribute in developing the economic and commercial ties between the UAE and Philippines. During his meeting in Dubai yesterday with the new Filipino Consul General in Dubai and the Commercial Attaché at the Filipino Consulate, in the presence of Sultan Majid Loutah, DCCI Business Promotion Director, Al Mutaiwee briefed the ...  >>MORE

Sheikha Lubna calls on Japan to enter into free trade talks with the GCC

Posted on 01/05/2005

Sheikha Lubna Al Qasimi, Minister of Economy and Planning yesterday urged Japan to enter into free trade negotiations with the GCC states so as to bolster its trade and investments ties with the region. "Economic partnership between the GCC and Japan will be better served if Japan enters into free trade negotiations with the GCC states as this will lay down the legal framework for bilateral agreements on economic cooperation,” she said. Sheikha Lubna underlined the importance of UAE-Japanese ...  >>MORE

UAE, Greece consider ways of boosting bilateral ties

Posted on 10/04/2005

The United Arab Emirates and Greece have discussed ways of enhancing bilateral relations in economic and investment spheres. In a meeting held in Dubai yesterday with Manolis K. Kefaloyannis, Greek Minister of mercantile marine, Sheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler and Minister of Finance and Industry, welcomed the desire of both countries to explore new avenues of cooperation in economic, trade and other fields. The Greek minister briefed Sheikh Hamdan on his country's ...  >>MORE

Khalifa holds talks with Emir of Kuwait

Posted on 29/03/2005

Kuwait - President H.H. Sheikh Khalifa bin Zayed Al Nahyan met here Monday noon held talks with Emir of Kuwait Sheikh Jaber Al Ahmed Al Sabah in the presence of Kuwaiti Crown Prince Sa'ad Al Abdullah Al Sabah and Kuwaiti Prime Minister, Sheikh Sabah Al Ahmed Al Jaber Al Sabah. During the meeting which was held at the Dasman Palace the Kuwaiti Emir said the visit would further boost the historic fraternal ties between the two countries. Sheikh Khalifa expressed profound happiness for visiting ...  >>MORE

Abu Dhabi welcomes German plans on joint partnership

Posted on 22/03/2005

Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Planning and Economy Department, welcomed yesterday new initiatives that would further bolster joint UAE-German economic partnership. 'Abu Dhabi welcomes all plans aimed at strengthening bilateral cooperation in all fields, serving mutual interest and exchanging expertise and information. This will help UAE-German capital to tap huge business opportunities offered by the UAE market,' Sheikh Hamed said during talks here yesterday ...  >>MORE

DM chief holds key talks to boost Gold Coast ties

Posted on 21/03/2005

Dubai and the Australian City of Gold Coast discussed on Saturday ways of boosting cooperation between the two cities. This came during a meeting at Dubai Municipality between Qassim Sultan, Director General of the Municipality, and Ron Clarke, Mayor of Gold Coast, who led a high-level delegation to the city consisting members of the Gold Coast City Council as well as senior executives of some 15 corporations. The delegation has been briefed by the municipality officials on the development ...  >>MORE

Our tour would reflect positively on national economy: Lubna

Posted on 20/03/2005

Minister of Economy and Planning, Sheikha Lubna Al Qasimi, has described as "very successful" her tour of Singapore, Australia and Malaysia, which ended yesterday. She said the tour would reflect positively on the UAE national economy in the near future. In a statement to the Emirates News Agency, WAM, Sheikha Lubna said that her entourage, made up of 55 government officials and businessmen, had been able to market successfully the UAE economy in all the countries they visited, particularly ...  >>MORE

UAE-Canada trade ‘is far from its full potential’

Posted on 20/03/2005

Trade between Canada and the UAE is poised to double this year from the current C$500 million (Dh1.5 billion) as both countries push to intensify economic cooperation, officials said. The Canadian Business Council (CBC) in Abu Dhabi was formally launched yesterday. "Canada's trade with the UAE has grown from C$280 million (Dh840 million) in 2002 to more than C$500 million in 2004. We have only scratched the surface and there's tremendous room for growth,” said Canadian Ambassador W. David ...  >>MORE

UAE, Malaysia sign MoU on securities markets

Posted on 19/03/2005

Kuala Lumpur - The United Arab Emirates and Malaysia Friday inked a Memorandum of Understanding (MoU) for exchange of information and expertise on securities and reciprocal listing of Islamic bonds (Sukuk), stocks and shares on each country's stock markets. In her capacity as chairperson of the Emirates Securities and Commodities Authority (ESCA), Sheikha Lubna Al Qasimi, Minister of Economy and Planning, signed the MoU with the chairman of Malaysian chairman of the Securities and Investment ...  >>MORE

Lubna signs MoU with Australian Stock Market Council

Posted on 15/03/2005

Canberra - Sheikha Lubna Al Qasimi, Minister of Economy and Planning in a joint meeting with Australian officials in Canberra yesterday, signed bilateral agreements which are expected to yield joint economic and investment agreements between Australia and the UAE. Sheikha Lubna, in her capacity as Chairperson of the Emirates Securities and Commodities Authority, signed a Memorandum of Understanding with the Chairman of the Australian Financial Markets' Council, which included the exchange of ...  >>MORE

Hamdan, Czech minister explore prospects of joint co-operation

Posted on 14/03/2005

Dubai Deputy Ruler and UAE Minister of Finance and Industry, received yesterday Czech Minister of Industry and Commerce Milan Urban, who is currently visiting the country. Sheikh Hamdan and his guest explored prospects of joint economic, trade and investment relations. Sheikh Hamdan said the UAE welcomes trade and economic partnership with the Czech Republic out of its longstanding policy of forging relations of friendship and cooperation with all countries of the world. The Czech ...  >>MORE

UAE-German firms sign eight agreements

Posted on 06/03/2005

Eight MOUs and contracts were signed yesterday between UAE and German firms in the presence of visiting German Chancellor Gerhard Schroeder and General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces. A memorandum was signed between Salem Mohammed Al Dhaheri, Under Secretary, Department of Planning and Economy, Abu Dhabi and Herbert Grunwald, President, CEO, Dornier Consulting. The MoU is intended to strengthen existing ...  >>MORE

UAE-Germany trade exchange set to grow 11 pc in 2005: Germany envoy

Posted on 01/03/2005

UAE is the major trade partner to Germany in the Middle East and Gulf region with trade exchange touching Dh 20 billion last year, German ambassador Dr. Jurgen Steltzer has said. 'We project a growth of 11 per cent in the two-way trade exchange fuelled by fruitful economic partnership and inflow of investment to both countries,' Steltzer said. He told the Emirates News Agency (WAM) that German Chancellor Gerhard Schroeder would hold during his two-day visit to UAE on Friday talks with ...  >>MORE

Dubai and Frankfurt sign MoU

Posted on 03/02/2005

Dubai and Frankfurt cities signed yesterday a Memorandum of Understanding to enhance bilateral relations between them through reciprocal cooperation in economic, commercial, tourism, medicine and future technologies. Qassim Sultan, director general of Dubai Municipality signed on behalf of Dubai City and Petra Roth, Mayor of Frankfurt, signed for Frankfurt City. Sultan said that the MoU was an initial step toward opening new horizons of cooperation and establishing stronger ties between both ...  >>MORE

UAE, Canada review bilateral economic cooperation

Posted on 30/01/2005

Mohammed Omar Abdullah, Director General of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), received here today a Canadian commercial delegation headed by Joseph Cordiano,the Canadian Minister of Economic Development and Trade. Abdullah highlighted the importance of continuous high level meetings of commercial delegations between the two countries to develop trade exchange and cooperation in order to achieve mutual benefit. He called on the Canadian companies to double their ...  >>MORE

Abu Dhabi, Volkswagen plan nine projects

Posted on 28/09/2004

Abu Dhabi's planned industrial projects with German carmaker Volkswagen is right on track, government officials said here yesterday. An 18-member Volkswagen delegation is due in Abu Dhabi today to chalk out the overall investment strategy with Abu Dhabi government officials. A new joint venture holding company with an initial capital base of Dh500 million will soon be created by both the parties to set up nine new industrial units at the new automobiles manufacturing free zone planned in Abu ...  >>MORE

Hamed, Cummins chief discuss joint co-operation

Posted on 14/09/2004

Sheikh Hamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Economy Department, held talks yesterday with Vice-President of US diesel engines manufacturer Cummins Inc. Tom Linberger over prospects of joint cooperation. Sheikh Hamed briefed the US executive on the investment opportunities and incentives offered by the Specialized Economic Zones in Abu Dhabi. Sheikh Hamed also spoke about the expected business opportunities from Abu Dhabi's partnership with the German carmaker Volkswagen in the field ...  >>MORE

Hamed bin Zayed announces initial agreement with VW to set up a holding company in Abu Dhabi

Posted on 07/09/2004

Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Economy Department announced in Abu Dhabi yesterday an initial agreement with German car maker Volkswagen, providing for the establishment of a holding company for investment in auto and auto-components in Abu Dhabi. "The company will be launched when all the necessary procedures are completed. The shareholders include Mubadala Development Company (MDC), Volkswagen and General Holding ...  >>MORE

Ajman Ruler receives German business delegation

Posted on 05/09/2004

H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, received yesterday at his office a German trade delegation, headed by the Mayor of Erlangen, S. F. Pallas, and his accompanying delegation. The Ruler, who warmly welcomed the delegation, wished them success in their endeavour during the visit, which is aimed at boosting trade relations between Germany and the UAE. The two sides discussed economic and trade cooperation between Erlangen and Ajman. Present at the ...  >>MORE

UAE, Singapore discuss joint economic cooperation

Posted on 24/08/2004

Visiting Under Secretary of UAE Foreign Ministry Abdullah Rashid Al Nuaimi held talks in Singapore yesterday with Singapore's Trade and Industry Minister Lim Hang Kiang over ways of boosting trade and economic exchange. The two officials expressed satisfaction at the progress of economic relations between the two friendly countries. Kiang said the UAE had become a major trade hub in the Middle East. Trade exchange between the two countries is valued at Dh 12.4 billion a year. The UAE is ...  >>MORE

Dubai marks three-fold rise in German firms

Posted on 22/08/2004

Dubai has emerged as a popular business and tourist destination for Germans with the number of companies run by them in the emirate increasing almost three-fold over the past 10 years even as the trade and tourist traffic with the European country showing a remarkable surge. While the two-way trade between the UAE and Germany rose to a record high to Dh13.5 billion in 2003, the number of German companies in Dubai has increased to 241 this year from 77 in 1993. The number of German ...  >>MORE

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Quick List

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


UAE, US in FTZ consultative meeting


UAE and Turkey sign investments protection agreement


UAE-US to hold consultative meeting on Free Trade Zone talks


UAE, South Africa ink agreement


Lubna: The UAE is witnessing comprehensive development


FTA talks between UAE & US on track: says envoy


ADFD explores investment opportunities in Jordan


India's Nalco plans US$3b Abu Dhabi aluminium smelter


UAE to participate in Arab economic forum


UAE, South Africa to sign major trade accords


UAE, Australia explore prospects of joint co-operation


Tariq Al Qasimi explores investment opportunities in Pakistan


UAE-Australia explore prospects for joint economic co-operation


Dubai-Osaka forum to be held in December


UAE, Singapore discuss economic ties


UAE and French businessmen discuss ways of increasing joint ventures


UAE, Argentina discuss cooperation


UAE, Spain agree to promote economic ties


UAE-USA start FTA's second round talks


UAE-Philippines economic ties discussed


Sheikha Lubna calls on Japan to enter into free trade talks with the GCC


UAE, Greece consider ways of boosting bilateral ties


Khalifa holds talks with Emir of Kuwait


Abu Dhabi welcomes German plans on joint partnership


DM chief holds key talks to boost Gold Coast ties


Our tour would reflect positively on national economy: Lubna


UAE-Canada trade ‘is far from its full potential’


UAE, Malaysia sign MoU on securities markets


Lubna signs MoU with Australian Stock Market Council


Hamdan, Czech minister explore prospects of joint co-operation


UAE-German firms sign eight agreements


UAE-Germany trade exchange set to grow 11 pc in 2005: Germany envoy


Dubai and Frankfurt sign MoU


UAE, Canada review bilateral economic cooperation


Abu Dhabi, Volkswagen plan nine projects


Hamed, Cummins chief discuss joint co-operation


Hamed bin Zayed announces initial agreement with VW to set up a holding company in Abu Dhabi


Ajman Ruler receives German business delegation


UAE, Singapore discuss joint economic cooperation


Dubai marks three-fold rise in German firms