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THE ECONOMY - TRADE

UAE is boosting its economic achievements through economic diversification, Lubna Al Qasimi

Posted on 23/06/2010

Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade, has said that United Arab Emirates is working to enhance its successful economic experiences through expanding the base of economic diversification. She noted during her meeting with officials from Trade Development Alliance in Greater Seattle [which is an alliance of a number of cities, corporations, and unions in the Greater Seattle Area] at the end of her tour of a number of U.S. states that UAE has succeeded in strategically ...  >>MORE

Special stamps, cultural programmes to celebrate 30th Anniversary of UAE-Korea Diplomatic Relations

Posted on 22/06/2010

The 30th anniversary of the establishment of diplomatic relations between the UAE and Republic of Korea was celebrated with the release of special commemorative stamps and cultural programmes in Abu Dhabi and Dubai. Ibrahim bin Karam, Chief Commercial Officer, Emirates Post, presented the framed stamps to Kwak Seung-Jun, Chairman of Presidential Council for Future '&' Vision, Republic of Korea, in the presence of VIPs and prominent dignitaries. In another function held in Dubai, bin Karam ...  >>MORE

Singapore's imports from UAE expands by 39% in Q1 2010

Posted on 22/06/2010

With oil being a major import of Singapore from the UAE, the former reported a 39% year-on-year increase in its imports from the UAE in the first quarter of 2010, after a 16% slump during the same period a year ago, indicated a study released recently by the Dubai Chamber of Commerce '&' Industry. Singapore is a major oil processing centre, importing crude oil and supplying many countries with processed oil and oil products. The country also provides oil storage facilities for processed oil ...  >>MORE

Sheikha Lubna holds meetings with US officials, discusses bilateral cooperation

Posted on 21/06/2010

Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade, held meetings with more US officials on the sidelines of her current official visit to Washington. She met with U.S. Secretary of Commerce Gary Locke, Neil Wolen, the Deputy Secretary of the US Treasury, Mrs. Melanie Ferfier, the Women's Ambassador in the United States, and California Congresswoman Mrs. Laura Richardson. During her talks with the US Secretary of Commerce, both sides discussed the mechanisms by which to boost ...  >>MORE

Dubai trade jumps 14pc

Posted on 21/06/2010

The value of Dubai trade has seen a significant growth of 14 per cent in the first four months of 2010 as compared to the same period in 2009, 
Khaleej Times has learnt. The rise in all key trade activities including exports, imports and re-exports hit Dh180.7 billion from January to April 2010 as compared to Dh159.1 billion last year, according to recent statistics issued on Sunday by the Statistics Department of Dubai Customs. Ahmed Butti Ahmed, Executive Chairman of Ports, Customs ...  >>MORE

Lubna Al Qasimi holds meetings with Hillary Clinton and William Burns

Posted on 17/06/2010

Washington D.C. - Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, has held a meeting with US Secretary of State Hillary Clinton as part of her current visit to the United States and discussed bilateral ties, commercial and investment cooperation and the ways to boost them in order to achieve the common interests of both friendly countries. Sheikha Lubna stressed on the fact that the United Arab Emirates is considered the United States' number one trade partner in the Middle ...  >>MORE

Lubna Al Qasimi meets US Trade Representative and prominent Congressmen

Posted on 17/06/2010

Washington D.C. - Sheikha Lubna bint Khalid Al Qasimi, the Minister of Foreign Trade has held a series of meetings with US Trade Representative and a number of US Congressmen within the framework of her current visit to the Washington and highlighted the commercial and investment ties between UAE and USA in general, and with some states in particular. Sheikha Lubna bint Khalid Al Qasimi, the Minister of Foreign Trade, held talks with the United States Trade Representative Ron Kirk at his ...  >>MORE

UAE is Poland's largest Arab trading partner

Posted on 17/06/2010

The UAE has become Poland's largest trading partner in the Arab world, Roman Chalaczkiewicz, Polish Ambassador to the UAE, told Gulf News Wednesday. About three to four years ago, Saudi Arabia occupied that position, he said in an interview. Trade in 2008 stood at US$900 million (Dh3.3 billion), Chalaczkiewicz said. "About US$670 million was the value of exports from Poland to the UAE and US$230 million was exports from the UAE to Poland," he said. Although a major trade partner, Poland ...  >>MORE

Sheikha Lubna honoured at US-UAE Business Council, delivers keynote speech on women empowerment

Posted on 16/06/2010

Washington DC - Sheikha Lubna Al Qasimi, Minister of Foreign Trade of the United Arab Emirates was honoured during a luncheon hosted by the US-UAE Business Council. Speaking to business and community leaders, she reinforced the importance of the United States for the UAE's commercial and economic strategies, "we are here today to further formulate new partnerships between our two countries. We invite the US to further expand its exploration into the dynamic UAE market and to tap into ...  >>MORE

Foreign Trade Ministry provides 2009 Commercial Data on its website

Posted on 14/06/2010

The Ministry of Foreign Trade has completed uploading the UAE's 2009 foreign trade data on its Foreign Trade Information Service Provider [FTISP], available on the Ministry's website. With the new service, users may now obtain information about the UAE's foreign trade statistics and data from 1998 up until last year. The free service offers users the opportunity to get complete information about the flow of commodities in export and re-export activities and imports for the year 2009 and the ...  >>MORE

Lubna Al Qasimi stresses UAE's competitiveness

Posted on 13/06/2010

Minister of Foreign Trade Sheikha Lubna bint Khalid Al Qasimi said that the UAE has an economic environment that is flexible and business-friendly which make it an advanced, viable and competitive trade centre among the world countries. Attending a plenary session of the 16th edition of the International Economic Forum of the Americas-Conference of Montreal, along with former British Prime Minister John Major and a number of ministers from the Americas, Sheikha Lubna also said that the UAE is ...  >>MORE

UAE trade surplus set to rise 15pc

Posted on 13/06/2010

The UAE's trade surplus for 2010 is expected to rise 15 per cent from 2009, a foreign trade official said on Friday. The country's surplus stood at US$16.1 billion last year. Abdulla Al Saleh, director general at the Ministry of Foreign Trade, said non-oil exports in 2010 were set to jump 23 per cent from 2009 and re-exports were forecast to rise 13 per cent. UAE exports and re-exports totalled US$209.6 billion last year. "The exports include gold, diamonds, petrochemicals, aluminium and ...  >>MORE

Trade to power Dubai's growth

Posted on 10/06/2010

Trade, transport, manufacturing, finance and government services will lead Dubai's economic growth in 2010, while construction, real estate, mining and domestic services sectors are expected to remain in the negative territory this year. Utilities, social and personal services sectors are expected to contribute, but to a lesser extent, said Dr Eisa Abdelgalil, Senior Manager, Dubai Chamber Economic Research Department, yesterday. Across the UAE, a rise in private consumption, investments ...  >>MORE

Dubai's May exports surge 18%

Posted on 09/06/2010

The total exports and re-exports of Dubai Chamber of Commerce & Industry members for the month of May amounted to Dh17.5 billion, representing a four per cent month-on-month increase and an 18 per cent surge on a year-on-year basis, according to a study. The study also indicated an increase in the number of certificates of origin issued to the chamber's members during the month that totalled 55,777 and translated into a significant seven per cent growth over the previous month's 52,143 ...  >>MORE

Lubna, Tunisian Minister discuss trade and investment ties

Posted on 07/06/2010

UAE Foreign Trade Minister Sheikha Lubna Al Qasimi discussed yesterday with Tunisian State Minister for International Cooperation and Foreign Investments Affairs Abdul Hamid Al Traiki, the bilateral relations and ways to boost them, especially in the trade and investment areas. The two ministers also discussed the initiative to bring businesspersons of two countries together and the current investment projects, being implemented by the UAE Companies in Tunisian, as well as ways to enhance ...  >>MORE

Dubai exports 'to rise more than 23 per cent'

Posted on 07/06/2010

Dubai's export credit insurance agency did not see any default in payments last year, a sign that the overall market is already in the recovery and growth mode, said a senior official. "One of our goals is to increase exports, and one way to develop that is by insuring non-payment by a company. But we have not had any claims yet," Saed Al Awadi, Managing Director and Chief Executive Officer of Export Credit Insurance Company of the Emirates (ECIE), told Emirates Business. He said the ...  >>MORE

UAE-Palestinian trade exchange set to grow

Posted on 02/06/2010

Bethlehem - Palestinian Economy minister Dr Mahmoud Abu Libda has paid tribute to the UAE for the continuous support given to the Palestinian people, saying that the UAE Red Crescent Authority had so far administered over Dh1 billion worth of humanitarian aid to the Palestinians. Speaking to WAM ahead on the sidelines of the Palestinian Investment Conference, starting tomorrow, Abu Libda said RCA was currently engaged in construction and relief projects for Palestinians in Gaza, West Bank and ...  >>MORE

China trade with UAE forecast to top US$100bn

Posted on 01/06/2010

Economic ties between the UAE and China show huge potential for growth, delegates at the inaugural Abu Dhabi and China Economic Forum have been told amid predictions that bilateral trade could exceed US$100 billion (Dh367.31bn) by 2015. Abu Dhabi's development of infrastructure and China's rapid economic growth offer potential for a range of activity, from construction companies bidding for contracts to manufacturers looking to capitalise on China's vast manpower, the Shanghai event heard ...  >>MORE

UAE-Japan trade picking up, Jetro says

Posted on 31/05/2010

Trade between Japan and the UAE is picking up again, according to a report released by the Japan External Trade Organisation (Jetro) yesterday. Trade between the two countries dropped 48 per cent to US$29.2 billion (Dh107 billion) in 2009 compared to US$57.2 billion in 2008. The first quarter of 2010 recorded a 12.8 per cent increase in Japan's exports to the UAE and a 55.4 per cent increase in imports from the UAE compared to the same time last year, the report said. Sentiment "We are ...  >>MORE

Dubai exports, re-exports to grow 15%

Posted on 30/05/2010

Dubai expects to see a 15 per cent growth in exports and re-exports this year and reach 2008 levels as consumer confidence and business sentiment stabilise, said Hamad Buamim, Director-General of the Dubai Chamber of Commerce and Industry (DCCI). Speaking to Emirates Business, he said the emirate has witnessed an average of 15 per cent month-on-month increase in the first four months of 2010, a trend that is slated to continue throughout this year. "We have seen a total of Dh175 billion ...  >>MORE

Germany is UAE's 5th largest trade partner, with non-oil trade reaching US$8.4 billion

Posted on 25/05/2010

The Ministry of Foreign Trade has issued an analytical study on the nature of investment and trade relations between the United Arab Emirates and the Federal Republic of Germany. The study examined the current opportunities that are available to develop these relations in light of the advances both countries are witnessing in various sectors. The study comes within the framework of the ministry's mission and vision which is based on the government's strategy of increasing awareness, exploring ...  >>MORE

UAE-US trade crosses US$12 billion in 10 years

Posted on 25/05/2010

The US trade with the UAE has surpassed US$12 billion, 600 per cent growth in 10 years, it was revealed by US Ambassador Richard Olsen on Monday. The US is doubling its exports, salvaging the banking sector and easing visa regulations for the UAE, he added. Attending a Dialogue Session between the US Consulate General in Dubai and the representatives of the local business community regarding US credit facilities, Olsen and his team of experts said that "in 2009 the UAE was the largest Middle ...  >>MORE

Dubai exports up 13pc

Posted on 24/05/2010

Dubai Chamber of Commerce & Industry, or DCCI, said on Sunday the total exports by its members recorded a year-on-year 13 per cent jump in April. The total exports of 4,645 members during last month rose to Dh16.8 billion compared to same period in 2009, but the current value is 10 per cent lower than previous month's Dh18.7 billion exports, according to Dubai Chamber The GCC countries remained the largest export destination of Dubai Chamber members with about Dh8.1 billion exports, or 48 ...  >>MORE

UAE and Algeria discuss measures to strengthen bilateral trade relations

Posted on 23/05/2010

Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, who led the UAE delegation to Algeria, signed the joint statement of the 8th Joint Committee Meeting between the two countries with His Excellency Karim Joudi, Algerian Minister of Finance,.in the presence of senior officials from both sides. Al Mansoori has met the Algerian Prime Minister Ahmed Oyehia, at his office. They discussed ways to strengthen bilateral trade relations between the UAE and Algeria and remove obstacles facing ...  >>MORE

Sharjah Foreign Trade jumped to Dh60.5 billion in 2009

Posted on 23/05/2010

During a recent presentation on foreign trade activities in 2009, Ali bin Salem Al Mahmoud, General Manager of the Sharjah Economic Development Department, stated that foreign trade constitutes a basic foundation that not only helps increase the emirate's gross domestic product (GDP), but that also improves living standards. In addition, he said, it leads to export orientation and replacement of imports, and it paves the way for improved economic performance and investor friendly climate in the ...  >>MORE

Lubna, Australian minister explore joint technology partnership

Posted on 21/05/2010

Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade, discussed yesterday with visiting Australian Minister for Innovation, Industry, Science and Research, Senator Kim Carr, mechanisms for boosting bilateral relations in areas of commerce, science and modern technology. Latest developments on negotiations for the FTA between the GCC and Australia were also touched during the meeting. As she highlighted bilateral bonds, Sheikha Lubna affirmed that both friendly countries were ...  >>MORE

Emirati - Iraqi Businessmen Forum launched in northern Iraq

Posted on 20/05/2010

Erbil, Iraq - UAE Minister of Foreign Trade Sheikha Lubna Al-Qasimi has underlined the UAE's interest in furthering relations with Iraqi Kurdistan region. "The strong brotherly ties between the United Arab Emirates and the Republic of Iraq have witnessed positive activities during the past few months", Sheikha Lubna said in a speech before the Emirati - Iraqi Businessmen Forum here in Erbil in presence of Prime Minister of Kurdistan Region Barham Saleh and a large number of representatives of ...  >>MORE

UAE ranks first regionally and 16th globally in Global Enabling Trade Report 2010

Posted on 20/05/2010

The United Arab Emirates (UAE) ranked first in Middle East and North Africa region and 16th globally in the 2010 Global Enabling Trade Report published by the World Economic Forum, ahead of the United States of America, United Kingdom and Chile. The UAE jumped two places in the Enabling Trade Index compared to last year, having achieved excellent results ranking in the top ten out of the 125 nations globally in a number of sub-pillars included in the 2010 report. Commenting on report, ...  >>MORE

President of the Iraqi Kurdistan Region receives Lubna Al-Qasimi

Posted on 19/05/2010

Erbil, Iraq - President of Iraqi Kurdistan Region Masoud Barazani yesterday received UAE Minister of Foreign Trade Sheikha Lubna Al-Qasimi who is leading a high-profile delegation of representatives of private and governmental companies and agencies on a current visit to Iraq's northern region. Welcoming the UAE Minister and members of the accompanying delegation, Mr Barazani said "We do hold great respect for and appreciation of the leadership, government, people of the United Arab ...  >>MORE

Lubna receives Syrian Minister

Posted on 17/05/2010

UAE Foreign Trade Minister Lubna Al Qasimi discussed yesterday at the ministry with Syrian Economy and Trade Minister Lamia Assi, the bilateral relations and ways to boost them in the trade fields. The two ministers discussed the impediments and difficulties, which face the trade exchange between the two countries. They also discussed coordination mechanism to push forward the efforts of Syria to get full membership of the World Trade Organisation (WTO). Sheikha Lubna stressed keenness of ...  >>MORE

Lubna Al Qasimi, Sierra Leone Minister discuss cooperation

Posted on 17/05/2010

UAE Foreign Trade Minister Sheikh Lubna Al Qasimi discussed yesterday with Sierra Leone Foreign Minister Zainab Bangura, the bilateral relations and ways to boost them, especially in the areas of trade and investment. They also discussed measures to motivate business community in both countries to tap potential investment opportunities and set up joint ventures that could further boost investment in both countries. Sheikh Lubna stressed the African dimension in the UAE trade policies to serve ...  >>MORE

UAE non-oil trade up 5%

Posted on 16/05/2010

A 23 per cent jump in exports has resulted in the UAE's non-oil trade growing 5 per cent to Dh171.7 billion in the first quarter, up from Dh164 billion in the first quarter of 2009, according to data provided by the Federal Customs Authority (FCA). While imports dropped 2 per cent from Dh113.6 billion to Dh113.4 billion, exports jumped 23 per cent from Dh14.1 billion to Dh17.4 billion. The value of re-exports rose 13 per cent from Dh36.3 billion in the first quarter of 2009, to Dh40.9 ...  >>MORE

UAE, Canada eye stronger relations

Posted on 11/05/2010

UAE Ministry of Foreign Trade Sheikha Lubna bint Khaled Al Qasimi and Canadian Deputy Minister of International Trade Louis Levesque have discussed ways to further promote trade and investment relations between their two countries. Relations between the business communities in the two countries as well as boosting the UAE presence in Canada were also among the topics of the meeting. In remarks at the meeting, Al-Qasimi stressed that the UAE economy provides huge potentials and incentives ...  >>MORE

UAE looks forward to becoming one of the best countries in the world in 2021: Lubna Al Qasimi

Posted on 11/05/2010

Sheikha Lubna Al Qasimi, Minister of Foreign Trade, affirmed that the UAE Ministry of Foreign Trade (MoFT) is adopting a trade policy that is based on openness and achieving a balance in an international market, which is influenced by 192 countries, of which153 are members of the World Trade Organisation (WTO). Her remarks came during an induction meeting for the accredited Ambassadors and Commercial Attaches of Arab and Foreign Embassies and Business Councils in the UAE. The meeting was ...  >>MORE

Dubai Chamber members exports in Q1 touch Dh50.7bn mark

Posted on 06/05/2010

Dubai Chamber of Commerce '&' Industry's quarterly report revealed that the volume of exports of its members in the first quarter of the year touched Dh50.7bn which is 15% higher than the preceding quarter of 2009 with March alone recording the highest monthly export total of Dhs18.7bn which is 22% higher than the same period in 2009. Also, the February 2010 exports increased by 14% compared with February 2009 touching Dh16.2bn, where as January 2010 recorded an export value of Dh15.9bn, an ...  >>MORE

UAE world's 2nd biggest re-exporter of cane sugar

Posted on 06/05/2010

The UAE is the world's second biggest re-exporter of cane sugar after Uganda, with a total of 15.1 Million Tons per annum, unveiled a recent analytical study by the Ministry of Foreign Affairs. The UAE, conducted by the Ministry's "Trade Analysis and Information Department", noted that the UAE is ranked amongst the top ten white sugar exporting countries, globally, and came in the fourth place, after Brazil, Thailand and India, with regards to its volume of exports (1.25 million tons) of this ...  >>MORE

Dubai freight volume to grow by 50 per cent

Posted on 05/05/2010

Dubai Airports on Tuesday projected almost 50 per cent growth in freight volume in the next five years, its chief executive Paul Griffiths said. Dubai World Central-Al Maktoum International, which opens next month, will play a vital role for the growth along with the existing Dubai International. "Cargo tonnage, which totalled 1.9 million in 2009, will exceed 3 million tonnes by the end of 2015,” Griffiths told reporters on the first day of the Arabian Travel Market. Without providing any ...  >>MORE

UAE leads in HSBC Global Confidence Index

Posted on 04/05/2010

The UAE has secured its reputation as one of the leading trading hubs worldwide, according to the latest HSBC Trade Confidence Index. Once again in first place overall, UAE's attractiveness as an import and export centre has been recognised by the local trading community. Business sentiment globally showed an overall positive outlook with an average global reading of 116 (110 last wave) on a scale of 0 to 200, with 100 as a neutral reading. Emerging markets are more optimistic scoring an ...  >>MORE

Dubai reports a total non-oil trade of Dhs13.5bn with Malaysia: Dubai Chamber's study

Posted on 03/05/2010

Malaysia is the biggest trading partner of Dubai among the Southeast Asian countries as Dubai reported a total non-oil trade with the country of Dhs13.5bn in 2009, making the latter its 14th largest trading partner for non-oil products, According to Dubai Chamber of Commerce and Industry study. However, with total exports reaching only Dh522m, trade balance was highly in favour of Malaysia. Dubai's total non-oil trade with Malaysia had expanded from just about Dhs4bn in 2002 to only a little ...  >>MORE

UAE to strengthen bilateral trade with New Zealand; hosts third Joint Economic Committee

Posted on 29/04/2010

The UAE Minister of Economy His Excellency Sultan Al Mansoori, yesterday, inaugurated the third UAE - New Zealand Joint Economic Committee Meeting, in the presence of His Excellency Home Tim Groser, New Zealander Minister of Trade, who is leading the largest ever delegation of senior officials and entrepreneurs to the Middle East. Al Mansouri asserted the importance of the committee in strengthening bilateral trade relations between the UAE and New Zealand. "This meeting is a milestone in ...  >>MORE

Al-Qasimi, Groser explore venues for stronger UAE-New Zealand trade relations

Posted on 29/04/2010

The UAE Minister of Foreign Trade H.E Sheikha Lubna Al-Qasimi and New Zealander Minister of Trade H.E Home Tim Groser, who is leading the largest ever delegation of senior officials and entrepreneurs to the Middle East, have discussed opportunities to further trade and economic cooperation between their two countries. The two sides also discussed the latest developments on the GCC-New Zealand Free Trade Agreement and the current global economic landscape. In remarks at the meeting, Sheikha ...  >>MORE

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Quick List

UAE is boosting its economic achievements through economic diversification, Lubna Al Qasimi


Special stamps, cultural programmes to celebrate 30th Anniversary of UAE-Korea Diplomatic Relations


Singapore's imports from UAE expands by 39% in Q1 2010


Sheikha Lubna holds meetings with US officials, discusses bilateral cooperation


Dubai trade jumps 14pc


Lubna Al Qasimi holds meetings with Hillary Clinton and William Burns


Lubna Al Qasimi meets US Trade Representative and prominent Congressmen


UAE is Poland's largest Arab trading partner


Sheikha Lubna honoured at US-UAE Business Council, delivers keynote speech on women empowerment


Foreign Trade Ministry provides 2009 Commercial Data on its website


Lubna Al Qasimi stresses UAE's competitiveness


UAE trade surplus set to rise 15pc


Trade to power Dubai's growth


Dubai's May exports surge 18%


Lubna, Tunisian Minister discuss trade and investment ties


Dubai exports 'to rise more than 23 per cent'


UAE-Palestinian trade exchange set to grow


China trade with UAE forecast to top US$100bn


UAE-Japan trade picking up, Jetro says


Dubai exports, re-exports to grow 15%


Germany is UAE's 5th largest trade partner, with non-oil trade reaching US$8.4 billion


UAE-US trade crosses US$12 billion in 10 years


Dubai exports up 13pc


UAE and Algeria discuss measures to strengthen bilateral trade relations


Sharjah Foreign Trade jumped to Dh60.5 billion in 2009


Lubna, Australian minister explore joint technology partnership


Emirati - Iraqi Businessmen Forum launched in northern Iraq


UAE ranks first regionally and 16th globally in Global Enabling Trade Report 2010


President of the Iraqi Kurdistan Region receives Lubna Al-Qasimi


Lubna receives Syrian Minister


Lubna Al Qasimi, Sierra Leone Minister discuss cooperation


UAE non-oil trade up 5%


UAE, Canada eye stronger relations


UAE looks forward to becoming one of the best countries in the world in 2021: Lubna Al Qasimi


Dubai Chamber members exports in Q1 touch Dh50.7bn mark


UAE world's 2nd biggest re-exporter of cane sugar


Dubai freight volume to grow by 50 per cent


UAE leads in HSBC Global Confidence Index


Dubai reports a total non-oil trade of Dhs13.5bn with Malaysia: Dubai Chamber's study


UAE to strengthen bilateral trade with New Zealand; hosts third Joint Economic Committee


Al-Qasimi, Groser explore venues for stronger UAE-New Zealand trade relations