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THE ECONOMY - TRADE

Sheikha Lubna explores ways to strengthen trade ties with Panama, New Zealand and Thailand

Posted on 04/12/2009

HE Sheikha Lubna bint Khalid Al Qasimi, UAE Minister of Foreign Trade has discussed ways to strengthen bilateral cooperation in areas of investment and trade with Panama, New Zealand and Thailand. She held bilateral meetings with trade ministers of Panama, New Zealand and Thailand on the sidelines of the seventh ministerial meeting of WTO in Geneva. They also discussed the agenda of WTO Ministerial Meeting and ways to promote international trade for the development of economic activity in ...  >>MORE

UAE succeeded in reducing the impact of world economic crisis, Sheikha Lubna

Posted on 03/12/2009

HE Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade has said that UAE successfully managed to limit the impact of the harshest phase of downturn and succeeded in achieving a remarkable economic performance without recourse to any protectionist measures. She said this while addressing the Seventh Session of WTO Ministerial Conference in Geneva. The UAE minister said that we have achieved our economic targets without resorting to any protective measures amid continuing global ...  >>MORE

Sheikha Lubna expresses optimism on Free Trade Agreement talks with EU

Posted on 24/11/2009

H.E Sheikha Lubna Al Qasimi, UAE Minister of Foreign Trade has expressed optimism on the talks of the Free Trade Agreement (FTA) talks between EU and GCC. "EU is considered to be the important economic block in terms of trade. There are also talks between UAE in particular and GCC in general with the block. Dialogue is still going on with the commission in Brussels on free trade agreement. So we are hopeful to overcome challenges in this regard", she said in a very confident tone while ...  >>MORE

Lubna Al Qasimi discusses trade promotion '&' market confidence strategies with heads of chambers of commerce

Posted on 22/11/2009

H.E. Sheikha Lubna Bint Khalid Al Qasimi, UAE Minister of Foreign Trade (MoFT), discussed nationwide business conditions, trade and investment promotions strategies, and proposals to enhance cooperation between MoFT and the private sector with the aim of stimulating trade in the UAE during a meeting with the Federation of UAE Chambers of Commerce and Industry and key officials from the UAE's various of chambers of commerce and industry. The attendees also discussed the latest trade ...  >>MORE

Sheikha Lubna participates in the Intrade Malaysia 2009

Posted on 11/11/2009

Kuala Lumpur - Minister of Foreign Trade HE Sheikha Lubna bint Khalid Al Qasimi participated yesterday with the Malaysian Minister of International Trade Mustafa Mohammad in the opening of the Intrade Malaysia 2009. UAE is taking part in the event with the largest commercial delegation comprising of 77 officials and 46 companies representing various economic sectors. Touring the UAE pavilion, Sheikha Lubna hailed the commercial ties between the UAE and Malaysia. She noted that the volume of ...  >>MORE

Lubna receives Colombian trade delegation

Posted on 09/11/2009

H.E. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade received yesterday a visiting Colombian trade mission led by Colombian Foreign Minister Jaime Bermudez. The two sides explored avenues of joint cooperation in areas of energy, construction, infrastructure and transport. Sheikha Lubna said the UAE was ready to develop trade and investment exchange with Colombia and welcomed the Colombian government decision to waive entry visa requirements for UAE citizens as a boost for ...  >>MORE

UAE, France discuss joint economic cooperation

Posted on 06/11/2009

H.E. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, received yesterday Ms. Anne-Marie Idrac, French Minister for Foreign Trade, for talks on ways of enhancing bilateral relations in economy, trade and investment. Sheikha Lubna lauded the progress of the Emirati-French relations, saying France is a major strategic partner to the UAE and stressing the importance of the wide presence of the French public and private firms in the UAE thriving market. The French minister said her ...  >>MORE

Matar Al Tayer discusses bilateral cooperation with French minister

Posted on 06/11/2009

Matar Al Tayer, Chairman of the Board and Executive Director of the Roads '&' Transport Authority (RTA) and H.E. Ms Anne-Marie Idrac, French Minister for Foreign Trade discussed yesterday bilateral cooperation and exchange of expertise between RTA and French corporations working in the transport sector. The French minister, along with a delegation accompanying her, was received by Al Tayer and other officials at the Nakheel Harbour '&' Towers Station of the Dubai Metro. Al Tayer briefed the ...  >>MORE

Foreign Trade Minister meets Luxembourg counterpart

Posted on 04/11/2009

Minister of Foreign Trade H.E. Sheikha Lubna bint Khalid Al Qasimi met in Abu Dhabi yesterday with Jeannot Krecke, Minister of Economy '&' Foreign Trade in Luxembourg. Sheikha Lubna said trade and economic indicators showed that the UAE had recovered from the impact of global economic crisis. She added that the UAE was heading towards economic diversification, building on the huge potentials in trade, industry, renewable energy, tourism and other sectors. Sheikha Lubna invited businesses in ...  >>MORE

Lubna Al Qasimi, Duke of York discuss trade cooperation between UAE, Britain

Posted on 03/11/2009

UAE Foreign Trade Minister HE Sheikha Lubna Al Qasimi, discussed in Abu Dhabi yesterday with Duke of York Prince Andrew, the United Kingdom's Special Representative for International Trade and Investment, the bilateral relations and ways of enhancing them, particularly in the areas of trade and investment. The meeting also tackled the ways of boosting cooperation between the business communities in the two countries amid existing opportunities in the two countries, as well as free trade talks ...  >>MORE

UAE Foreign Trade Minister, Georgian PM discuss relations

Posted on 03/11/2009

UAE Foreign Trade Minister HE Sheikha Lubna Al Qasimi, discussed yesterday with Nikoloz Gilauri, the bilateral relations and ways of benefiting from the existing investment opportunities. The two sides explored possibility of Georgia's benefiting from the UAE's trade and distinguished investment environment. Present in the meeting were Georgian Economic Development Minister Zurab Pololikashvili and Abdullah Ahmed Al Saleh, Director General of the UAE Ministry of Foreign Trade. The UAE ...  >>MORE

Lubna Al Qasimi decorated with Italian President Golden Order

Posted on 28/10/2009

Rimini, Italy - UAE Foreign Trade Minister HE Sheikha Lubna Al Qasimi, was decorated on Monday with the Italian President Golden Order, the top Italian appreciation award, in recognition of her distinguished efforts on the economic growth and sustained development, as well as her continuous support to woman, child, youth and rural development issues. The golden order was awarded to the UAE minister at the sideline of the 35th International Conference on Economy in presence of representative ...  >>MORE

Lubna invites Chinese Companies to increase investments in UAE

Posted on 28/10/2009

UAE Foreign Trade Minister HE Sheikha Lubna Al Qasimi, has called on the Chinese Companies to increase their investments at the UAE markets in different sectors, particularly renewable energy. She added in the meeting with Secretary of Chinese Communist Party Committee in Chiang Province Chao Hung Chu and the delegation here at the ministry yesterday, that the UAE markets have huge investment opportunities and competitive economic merits, adding that the UAE is keen about diversification of ...  >>MORE

Trade volume between UAE and Italy has reached to Dh 30 billion, Italian Ambassador

Posted on 27/10/2009

Ambassador of Italy to UAE, H.E Paulo Dionisi has said that economic ties between two countries have witnessed great development during the last two years. "The volume of trade between UAE and Italy has reached to Dh 30 billion during the first half of current year within trade and economic contracts costing Dh 60 billion (12 billion Euros)" , he disclosed this during an interview with Emirates News Agency (WAM). He said that Italy is ranked fifth among industrial countries in economic ...  >>MORE

Lubna receives WTO chief

Posted on 26/10/2009

Geneva - The UAE economy has maintained its vibrancy and resilience during the international financial crisis thanks to the good management of the crisis by the country's prudent leadership, H.E. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade said today. "The successful handling of the crisis has enabled the UAE to survive the worst stages of the crisis in a record time with less losses,” Sheikha Lubna said during talks with Director-General of World Trade Organisation Pascal ...  >>MORE

MoFT opens Trade Office in China

Posted on 26/10/2009

The Ministry of Foreign Trade (MoFT) has set up the trade representation office in China in line with the strategy of the MoFT to safeguard the UAE's trade interests and increase the foreign direct investment, as well as boosting the trade and economic ties between the UAE and China. Abdullah Ahmed Al Saleh, Director General of the MoFT, said the step to open the trade office in China, follows coordination with the UAE Foreign Ministry, as well as with the plans to set up more trade ...  >>MORE

Lubna Al Qasimi discusses interrelation of trade, energy and environmental issues at WTO-IDS Conference in Geneva

Posted on 25/10/2009

H.E. Sheikha Lubna Al Qasimi, UAE Minister of Foreign Trade joined World Trade Organisation (WTO) Director General Pascal Lamy at an international conference on global challenges related to the interaction among trade, energy and environment activities held in Geneva from October 22 to 23, 2009. The conference was organised by the Higher Institute of International Studies for Development in cooperation with the WTO under the theme ‘Global Challenges at the Intersection of Trade, Energy and ...  >>MORE

Non-oil foreign trade grew by 174.9% in last four years

Posted on 25/10/2009

UAE's non-oil foreign trade exchange has posted a whopping 174.9% growth to US$215 billion in 2008 from US$78 billion in 2008, according to a study by the Ministry of Foreign Trade. "Value of non-oil exports (exports and re-exports) rose by 35.6% in 2008 in comparison to 2007 while that of imports surged 45.7% driven by several factors including rapid population increase, growing consumer consumption, marked rise in tourists' inflow,' the study said. The study noted that mining, electronic ...  >>MORE

Lubna Al Qasimi meets Swiss officials

Posted on 20/10/2009

UAE Foreign Trade Minister HE Sheikha Lubna Al Qasimi, stressed that the UAE has embarked on boosting diversified knowledge innovative driven economy to sharpen its competitive capacity at the regional and international levels. The UAE minister said while receiving Pierre Francois, Minister of Economy and Health in Swiss Province, that the UAE started enhancing the economic sectors of high added value to bolster the UAE economy at world level. Answering questions put forward by the Swiss ...  >>MORE

UAE one of the top most confident countries in the world on trade activity and growth, report

Posted on 16/10/2009

The UAE is one of the top three most confident countries in the world on trade activity and growth, and traders in the country are bullish on business in the next quarter. "Importers and exporters in UAE are expected to borrow more to fuel business expansion and UAE traders are confident the government will support them and regulation will benefit them, says HSBC Trade Confidence Index carried by a local paper. The HSBC index showed the UAE is one of the top three most confident countries in ...  >>MORE

Lubna invites US firms to tap investment opportunities in UAE

Posted on 14/10/2009

H.E. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, affirmed yesterday proactive and precautionary measures taken by the UAE government to respond to the international financial crisis were well-planned, quick and effective. "These steps have helped the UAE to ride over the crisis in a record time and come out with least losses,” Sheikha Lubna said during talks with a visiting US trade delegation comprising more that 20 representatives of US companies. Sheikha Lubna ...  >>MORE

UAE's non-oil foreign trade soars by 42.4pc in 2008

Posted on 12/10/2009

The volume of UAE foreign trade has increased by 42.5 per cent in 2008, compared with 2007 as a result of a 35.2 per cent increase in export volume (non-oil exports and re-exports) and a 45.5 per cent increase in import volume, according to a report released today by the Ministry of Foreign Trade during the period between 2005 and 2008. The report said that although both export and import volumes achieved approximately similar growth rates, UAE trade balance suffered a 52.8 per cent deficit ...  >>MORE

Foreign Trade Ministry launches UAE foreign investments database

Posted on 11/10/2009

The UAE Foreign Ministry has started the building of a comprehensive database for UAE foreign investments, the first-of-its-kind in the country. The project is the first of its kind in the UAE and is planned to create an institutionalized entity to disseminate authentic updates on the country's investments in other countries, according to Director General of the Ministry Abdullah Al-Saleh. "The Ministry seeks stronger cooperation with public departments in the ...  >>MORE

Lubna meets governor of Brazilian state of Minas Gerais

Posted on 09/10/2009

The UAE is the world's third largest centre for re-export after Hong Kong and Singapore, Minister of Foreign Trade H.E. Sheikha Lubna Al Qasimi said yesterday. 'The UAE maintaining an important commercial position on the world trade map ....... it is the key trade gateway for the region, ' Sheikha Lubna said during talks with visiting governor of the southeast state of Minas Gerais Aecio Neves who is leading a high level trade mission in a visit to the UAE. The two sides explored prospects of ...  >>MORE

UAE enjoys high business competitiveness: Lubna Al Qasimi

Posted on 08/10/2009

Foreign Trade Minister HE Sheikha Lubna Al Qasimi, said that the UAE is still enjoying high business attractiveness and competitiveness whether in regard to business community or employment sector. She added yesterday, while meeting Lena Wilson, CEO of Scottish Development International, at the ministry in Abu Dhabi, that "despite negative repercussions of the World Financial Crisis, the UAE markets remain to woo investors amid rise in number of visitors and tourists", adding that the ...  >>MORE

Lubna Al Qasimi meets Indian Minister of State for Foreign Affairs

Posted on 08/10/2009

Minister of Foreign Trade HE Sheikha Lubna bint Khalid Al Qasimi stressed the importance of strengthening trade relations between the UAE and India and the need for taking advantage of the opportunities available in the best interests of the development of the economies of both the countries. This came during a meeting between Sheikha Lubna and Dr. Shashi Tharoor, Indian Minister of State for Foreign Affairs. At the meeting held at the Ministry of Foreign Trade in Abu Dhabi yesterday, they ...  >>MORE

UAE now top India's trading partner with US$44.5b in total in 2008-2009: Indian Minister

Posted on 08/10/2009

The UAE now is now India's trading partner with with two-way (non- oil) goods and trade being valued at US$ 44.5 billion in 2008-2009, revealed India's Minister of State for External Affairs Shashi Tharoor. This accounts for about half of India's total trade with the whole region. India's total trade with all the six-member Gulf Cooperation Council (GCC) reached US$86.9 billion , putting it ahead of European Union (US$80.6 billion) and ASEAN countries (US$ 44.6 billion). "The UAE is ...  >>MORE

Lubna Al Qasimi: UAE is one among the five major Asian countries enjoying high confidence in trade financing

Posted on 07/10/2009

Minister of Foreign Trade HE Sheikha Lubna Bint Khalid Al Qasimi participated in the seminar organized by the World Bank on the sidelines of the annual meetings of IMF and World Bank in the Turkish city of Istanbul on Monday on 'integration of trade investment - opportunities available in the Arab World: Partnerships for an integrated renaissance'. The annual conference has brought together nearly 13,000 people, including central bankers, ministers of finance and development and private ...  >>MORE

UAE-Tunisia trade exchange under aspired mark: Ghurair

Posted on 06/10/2009

Tunis - Level of joint cooperation between the UAE and Tunisia in areas of economy, trade and investment were under the aspired expectation despite the huge potentials available in both countries, visiting Speaker of UAE Federal National Council H.E. Abdul Aziz Abdullah Al Ghurair said yesterday. "Trade exchange has not crossed the Dh 60 million mark at the maximum. Merchants and investors are demanded to do more to push bilateral cooperation forward through joint ventures so to serve ...  >>MORE

Bin Fahd predicts growth in UAE-US trade exchange in 2009

Posted on 05/10/2009

H.E. Dr. Rashid Ahmed Bin Fahad, Minister of Environment and Water, Chairman of Emirates Authority for Standardisation and Metrology "ESMA" expected that the volume of trade between the UAE and the United States of America will have good growth in 2009 supported with the excellent relations between the two countries. H.E. Minister of UAE Environment and Water said in his speech at the opening of the first joint U.S.-Gulf Conference on "standards and legislation and its impact on bilateral ...  >>MORE

Conditions set for importing meat from countries with cases of mad cow disease

Posted on 01/10/2009

Environment and Water Minister HE Dr Rashid Ahmed bin Fahd, issued yesterday a ministerial decision, setting conditions for importing meat from the countries, which had reported mad cow disease. The decision comes in line with keenness of the ministry to implement its strategic objectives, pertaining to achievement of food safety and security as per the world standards issued by the World Organisation for Animal Organisation and the Codex Ailmentarius Commission of Food and Agriculture ...  >>MORE

UAE lifts ban on bird imports from North and South Americans and Europe

Posted on 30/09/2009

The UAE has lifted a ban on import of live domesticated, wild and ornamental birds as well as their by-products and remains from North and South Americas and Europe. A ministerial resolution issued yesterday by H.E. Dr. Rashid Ahmed bin Fahad, Minister of Environment and Water, said imports of these birds will be allowed from these continents except from areas reporting cases of avian flu. The ministerial resolution stipulated that all inbound shipments will be subjected to working vet ...  >>MORE

Jafza-based Dubai Tea Trading Centre posts more than 60 percent growth in its tea trade

Posted on 15/09/2009

Jafza based Dubai Tea Trading Centre (DTTC), a division of Dubai Multi Commodities Centre (DMCC), has posted more than 60 percent increase in its tea trade in the first half of the year. The total tea trade through the centre reached 4.2 million kilos which is an increase of 1.6 million kilos over the total volume of tea (2.6 million kilos) it handled during the same period last year. In 2008 5.92 million kilos of tea was traded through the Dubai Tea Trading Centre. "With the new state-of-the ...  >>MORE

Dh26bn investment to boost UAE's status as air and sea hub

Posted on 10/09/2009

The UAE has committed an estimated Dh26 billion towards the ongoing and upcoming air and sea projects to strengthen its position as a global trade and logistics centre, says a report. An aggressive ports and airport expansion push is one of the most promising ways for the UAE to meet its goal of economic diversification, Standard Chartered Bank (SCB) said in its report. "The UAE is becoming an undisputed air and sea hub and this may be its best asset outside of oil,” said Philippe ...  >>MORE

Dubai's export volume to Africa up 30%

Posted on 08/09/2009

Shipping volumes from Dubai to various countries in Africa have risen by 30 per cent in the past two months, a senior official from a company that ships commodities from the Middle East to Africa said yesterday. "Supported by pre Ramadan buying, the exports from Dubai and other ports in the Middle East to Africa have risen by about 30 percent in the past two months,” a senior executive of PIL (UAE) told Emirates Business on condition of anonymity. The commodities exported comprise dates and ...  >>MORE

UAE's foreign trade crosses Dh310bn in H1

Posted on 03/09/2009

UAE's foreign trade exceeded Dh310bn in the first half of the current year. The imports during this period stood at worth Dh213bn while the total value of non-oil exports was Dh29bn. Re-exports during the same period showed a surge to Dh68bn, Director of Customs Affairs at the Federal Customs Authority Ahmed Saeed Al Dhahiri said that it is for the first time a half yearly statistical report is released on the national level. - Emirates News Agency, WAM ...  >>MORE

UAE maintaining economic growth in 2009 as rest of the world braces for further 1 to 2 per cent slide

Posted on 31/08/2009

UAE Minister of Foreign Trade H.E. Sheikha Lubna Al Qasimi discussed key strategies adopted by the Emirates to maintain economic growth even as the world prepares for a 1 to 2 per cent slump within the year during a speech delivered yesterday at the opening day of the 4th Bled Strategic Forum running until today, August 31, 2009 at the Hotel Golf Bled in Bled, Slovenia. The annual Bled forum explores strategic issues affecting Europe and the transatlantic community. This year's edition is ...  >>MORE

Strong regional demand buoys Dubai exports

Posted on 19/08/2009

The value of Dubai's exports in the second quarter rose by 6.5 per cent over the preceding quarter, according to data released by Dubai Chamber of Commerce on Tuesday. Exports topped Dh46.5 billion during April-June period, while Dubai-based companies exported goods worth Dh43.7 billion in the first quarter this year. Month-on-month exports in June increased by 15 per cent to hit Dh16.9 billion, the highest in the first six months of the year, probable evidence that regional trade is ...  >>MORE

UAE's current account surplus up on exports

Posted on 18/08/2009

A massive increase in oil exports boosted the UAE's current account surplus by nearly 13 per cent in 2008 after it plunged by nearly 45 per cent in 2007 because of high imports, official figures showed yesterday. Despite a further increase in imports of goods and services, heavy expatriate transfers, payments for foreign oil partners and a sharp fall in investment income, the current account surplus widened to about Dh81.8 billion in 2008 from Dh72.1bn in 2007, the Ministry of Economy said in ...  >>MORE

Dubai trade expos grow steadily

Posted on 18/08/2009

Latest figures from Dubai World Trade Centre (DWTC) show that business confidence in the Middle East events sector is increasing, with the number of companies participating in trade and consumer shows at the Dubai International Convention and Exhibition Centre (DICEC) reaching an all-time high in the first half of 2009. A total of 21,823 companies from over 80 countries participate in the 55 exhibitions that took place at the DWTC during the first half of 2009 - a clear indicator that global ...  >>MORE

UAE with US$231 billion exports positioned 19th worldwide

Posted on 05/08/2009

A surge in oil prices allied with higher crude production boosted the UAE's exports to an all time high of more than US$231 billion (Dh848.5bn) in 2008 and turn it into the 19th largest exporter in the world, according to official figures. A sharp rise in its imports because of a business upswing also pushed the UAE to the 27th rank in the world's top importers. The country is the only Arab nation to be placed in the list of the largest 30 global importers of goods. The figures by the ...  >>MORE

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Quick List

Sheikha Lubna explores ways to strengthen trade ties with Panama, New Zealand and Thailand


UAE succeeded in reducing the impact of world economic crisis, Sheikha Lubna


Sheikha Lubna expresses optimism on Free Trade Agreement talks with EU


Lubna Al Qasimi discusses trade promotion '&' market confidence strategies with heads of chambers of commerce


Sheikha Lubna participates in the Intrade Malaysia 2009


Lubna receives Colombian trade delegation


UAE, France discuss joint economic cooperation


Matar Al Tayer discusses bilateral cooperation with French minister


Foreign Trade Minister meets Luxembourg counterpart


Lubna Al Qasimi, Duke of York discuss trade cooperation between UAE, Britain


UAE Foreign Trade Minister, Georgian PM discuss relations


Lubna Al Qasimi decorated with Italian President Golden Order


Lubna invites Chinese Companies to increase investments in UAE


Trade volume between UAE and Italy has reached to Dh 30 billion, Italian Ambassador


Lubna receives WTO chief


MoFT opens Trade Office in China


Lubna Al Qasimi discusses interrelation of trade, energy and environmental issues at WTO-IDS Conference in Geneva


Non-oil foreign trade grew by 174.9% in last four years


Lubna Al Qasimi meets Swiss officials


UAE one of the top most confident countries in the world on trade activity and growth, report


Lubna invites US firms to tap investment opportunities in UAE


UAE's non-oil foreign trade soars by 42.4pc in 2008


Foreign Trade Ministry launches UAE foreign investments database


Lubna meets governor of Brazilian state of Minas Gerais


UAE enjoys high business competitiveness: Lubna Al Qasimi


Lubna Al Qasimi meets Indian Minister of State for Foreign Affairs


UAE now top India's trading partner with US$44.5b in total in 2008-2009: Indian Minister


Lubna Al Qasimi: UAE is one among the five major Asian countries enjoying high confidence in trade financing


UAE-Tunisia trade exchange under aspired mark: Ghurair


Bin Fahd predicts growth in UAE-US trade exchange in 2009


Conditions set for importing meat from countries with cases of mad cow disease


UAE lifts ban on bird imports from North and South Americans and Europe


Jafza-based Dubai Tea Trading Centre posts more than 60 percent growth in its tea trade


Dh26bn investment to boost UAE's status as air and sea hub


Dubai's export volume to Africa up 30%


UAE's foreign trade crosses Dh310bn in H1


UAE maintaining economic growth in 2009 as rest of the world braces for further 1 to 2 per cent slide


Strong regional demand buoys Dubai exports


UAE's current account surplus up on exports


Dubai trade expos grow steadily


UAE with US$231 billion exports positioned 19th worldwide