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THE ECONOMY - TRADE

UAE-Poland Joint Economic Commission meeting discusses bilateral collaboration

Posted on 01/05/2015

Sultan Al Mansouri, UAE Minister of Economy and Janusz Piechocinski, Polish Deputy Prime Minister and Minister of Economy, co-chaired the 2nd UAE-Polish Joint Economic Committee (JEC) meeting, held here on Thursday with the aim of strengthening economic ties between the two countries. The meeting was convened with high level officials from both countries and representatives of the business community. During the meeting, the two sides reviewed the progress of work achieved since the first ...  >>MORE

UAE, Poland keen on forging economic, investment partnership

Posted on 30/04/2015

The UAE has expressed its keen interest in promoting economic and investment cooperation with Poland to a strong partnership with the European country. Minister of Economy Sultan Saeed Al Mansouri, in opening remarks at the UAE-Polish Business Forum, noted that the Polish government is open to a strategic partnership with the UAE in all spheres. Thanks to contacts and exchange of visits between the officials from the UAE and Poland, trade between the two countries surged by 160 percent from ...  >>MORE

Al Mansouri, New Zealand premier discuss stronger economic, trade cooperation

Posted on 29/04/2015

Sultan bin Saeed Al Mansouri, Minister of Economy of the UAE, and John Key, Prime Minister of New Zealand, on Monday met to discuss ways of strengthening bilateral economic and trade cooperation between their two countries. Prime Minister Key hailed the New Zealand-UAE economic partnership and urged for strengthening and promoting it to live up to the economic and trade stature of the two countries. He also emphasised the importance of the UAE as a vital gateway for international trade and ...  >>MORE

Dubai textiles and fabrics trade valued at over Dh16 billion in 2014

Posted on 27/04/2015

The value of the textiles and fabrics trade in Dubai in 2014 was around Dh16.4 billion, with Dh10.14 billion in imports, Dh1.3 billion in exports, and Dh4.22 billion in re-exports. In a statement to WAM, the Director of Strategy and Corporate Excellence Department at Dubai Customs, Ahmed Abdul Salam Kazim, said that the results were issued by the department in conjunction with the International Textile Fair, which opened yesterday at the Dubai World Trade Centre. Speaking about the role Dubai ...  >>MORE

UAE, Slovakia sign MoU establishing Joint Economic Committee to forge strong partnership

Posted on 26/04/2015

BRATISLAVA: Sultan bin Saeed Al Mansouri, Minister of Economy of the UAE, and Miroslav Lajcak, Slovakia's Deputy Prime Minister and Minister of Foreign and European Affairs, have signed a Memorandum of Understanding (MoU) establishing the UAE-Slovakian Joint Economic Committee (JEC). The UAE-Slovakian Joint Economic Committee which will comprise representatives of government authorities and business communities from the two countries will be tasked, among other things, with identifying ...  >>MORE

DWTC unveils 15,500 square metres expansion

Posted on 20/04/2015

Dubai World Trade Centre (DWTC), the region's largest MICE venue operator, has announced plans to build a 15,500 square metre (166,800 square feet) extension to its current indoor complex space, taking the available multipurpose indoor event and exhibition capacity to over 122,000 square metres (over 1.31 million square feet). With the continued increase in demand for new shows, and year-on-year scale up of strategic events within the DWTC calendar, the planned custom-built and flexible event ...  >>MORE

UAE trade mission led by economy minister to explore joint investments in Czech Republic, Slovakia

Posted on 20/04/2015

A trade mission organised by Dubai Chamber of Commerce and Industry is leaving for Prague, the first stop in a tour to Czech Republic and Slovakia between 20-24 April during which it will explore joint investment opportunities and discuss the setting up of strategic partnership in several promising sectors. The trade mission is led by Sultan Al Mansouri, Minister of Economy, and includes Hamad Buamim, President and CEO of Dubai Chamber, over 20 other officials of the chamber as well as ...  >>MORE

New Zealand Prime Minister to lead trade mission to the UAE

Posted on 20/04/2015

John Key, New Zealand's Prime Minister, is to lead a business delegation to the United Arab Emirates on 26th April. "The visit is an opportunity to strengthen and grow trade and business links between the United Arab Emirates and New Zealand. A key priority for me will be talking to key figures in the region about the importance of progressing New Zealand's Free Trade Agreement with the GCC," said Mr Key. The GCC is New Zealand's fifth largest export destination with goods exports worth ...  >>MORE

UAE ranks 16th globally in exports, says WTO

Posted on 19/04/2015

The UAE has retained its high ranking among the world's top 16 exporter, according to the World Trade Organisation's Report on International Trade Trends. The report, released recently in Geneva, shows that UAE ranks16th among global exporters and is the number one market for merchandise exports in the MENA region. In imports, UAE ranks 19th and is the most important market for merchandise imports in MENA. The WTO report says UAE merchandise exports reached $ 359 billion, which is 1.9% of the ...  >>MORE

Hamriyah Free Zone showcases its strengths at Hannover Messe

Posted on 19/04/2015

Hamriyah Free Zone had participated in the "Global Business & Markets" showcase at Hannover Fair that ran through April 13 to 17. German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi jointly opened the "Hannover Messe" – the world's biggest industrial trade fair that brought 6,500 companies from around 70 countries to the Hannover fairground. "We've done our best to make the Hamriyah Free Zone a great place for international companies to conduct business in. We offer the ...  >>MORE

Swedish wood exports to UAE stand at 187.5 million Euros

Posted on 17/04/2015

Out of three million cubic meters of wood that Sweden exports to the MENA region, valued at 750 million Euros, the UAE takes one quarter of it, valued at 187.5 million Euros, underlining the position of the UAE market as a re-export centre, according to Jan Soderlind, International Director of Swedish Wood. The Swedish presence at the Dubai WoodShow, which is an annual meeting point for producers, manufacturers, importers, exporters, dealers, suppliers and end-users and other players in the ...  >>MORE

UAE one of leading aluminium exporters

Posted on 15/04/2015

Global aluminium manufacturers are cashing in on the burgeoning UAE's real estate market, which continues to register a remarkable growth in the country, especially in the emirate of Dubai. Several leading global aluminium producers say they see the UAE as a positive start to set up their respective businesses and cater to the rest of the Middle East construction market with Dubai as their transit hub. Their presence in the region is evident at the Aluminium Middle East exhibition taking ...  >>MORE

UAE, Ethiopia signs initial customs agreement

Posted on 14/04/2015

The UAE Federal Customs Authority (FCA) and Ethiopian Revenues and Customs Authority (ERCA) have signed an initial agreement for mutual technical assistance in customs related matters. The agreement came on the side-lines of the ongoing meeting of the UAE-Ethiopia Joint Committee. Khaled Al Bustani, acting Director General of FCA, said the agreement would contribute towards augmentation of trade between the UAE and Ethiopia, emphasising the FCA's keenness to increase the UAE's international ...  >>MORE

Dubai Chamber’s members Q1 exports rise to Dh 76.1 billion

Posted on 14/04/2015

Exports of Dubai Chamber of Commerce and Industry members in March reached an all-time high of Dh 28.1 billion, pushing the total export value for the first quarter 2015 to Dh 76.1 billion for the first time. The latest export data released by Dubai Chamber shows an 8% increase on the previous quarter's (Q4 2014) value of Dh 70.3 billion and a 7% rise from the Dh 71.1 billion for the same quarter a year ago. The number of Certificates of Origin, COs, issued by Dubai Chamber also increased to a ...  >>MORE

UAE-Belgium Business Forum seeks enhanced bilateral trade relations

Posted on 27/03/2015

The Dubai Chamber of Commerce and Industry in cooperation with the Embassy of Belgium in the UAE organised the UAE-Belgium Business Forum on the sidelines of the Belgian economic delegation's visit to the UAE at The H Hotel yesterday. Over 100 delegates attended the forum in the presence of HRH Princess Astrid, Representative of The King of the Belgium. Seeking to enhance the UAE-Belgium bilateral and economic relationship while promoting opportunities for further cooperation between the two ...  >>MORE

Abu Dhabi Chamber discusses importance of expanding economic and investment cooperation with Belgium

Posted on 26/03/2015

Mohammed Thani Murshid Al-Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry and Chairman of the Abu Dhabi Chamber of Commerce and Industry, has called on Belgian industrial companies to build strategic partnerships with Emirati industrial companies, especially in the sectors that are listed in the development plans of Abu Dhabi and the UAE. During an extended meeting with a Belgian economic mission led by Princess Astrid of Belgium, who is representing the King ...  >>MORE

Foreign trade of Abu Dhabi Emirate constitutes 65.5% of its GDP

Posted on 26/03/2015

The foreign trade of the Emirate of Abu Dhabi constitutes about 65.4% of the GDP of the Emirate, i.e. Dh953.24 billion, according to preliminary estimates of the year 2013, where the value increased to Dh623.16 billion, a growth rate of 3.75% compared to 2012. The economic report of the Emirate of Abu Dhabi 2014, issued by the Studies Division in the Department of Economic Development in Abu Dhabi, highlighted the continued commodity exchange between the Emirate of Abu Dhabi and other ...  >>MORE

Dubai’s foreign trade worth Dh1.331tr in 2014

Posted on 24/03/2015

Dubai's foreign trade grew 0.15 per cent to Dh1.331 trillion in 2014, up from Dh1.329 trillion in 2013, according to a statement from the Dubai government on Monday. Imports accounted for Dh845 billion last year, while exports and re-exports were valued at Dh114 billion and Dh372 billion, respectively. Direct trade accounted for Dh818.8 billion of total foreign trade value while free zones contributed Dh488.7 billion and the customs warehouses accounted for Dh23.8 billion. The figures were ...  >>MORE

Dubai Chamber to open representative office in Sao Paulo

Posted on 15/03/2015

In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, to access the Latin American markets and in continuation of its strategy to explore promising markets while enhancing the competitiveness of UAE businesses worldwide, a Dubai Chamber of Commerce and Industry delegation visited Sao Paulo recently. The objective of the visit was to finalise Dubai Chamber's preparations of opening a representative office in ...  >>MORE

UAE-German Joint Economic Commission meeting discusses bilateral collaboration

Posted on 10/03/2015

The 10th UAE-German Joint Economic Commission Meeting has been held at the Fairmont Bab Al Bahar in Abu Dhabi with the aim to strengthen cooperation in the fields of energy, climate policy and green economy, as well as infrastructure, metrology, health, education and training, and technology. The UAE delegation was led by Sultan bin Saeed Al Mansouri, Minister of Economy, while the German delegation was represented by Sigmar Gabriel, Federal Minister for Economic Affairs and Energy. Also ...  >>MORE

Dubai FDI sets out to address business leaders in major US cities

Posted on 10/03/2015

Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development ( DED ), will tour major cities in the US this month as part of introducing the new economic direction of Dubai to public and private sector leaders in North America and attracting innovative technologies and services to the emirate. During the 10-day tour, the delegation will address business representatives, state government officials and trade facilitators in the cities of Boston ...  >>MORE

Al Mansouri, Canadian Foreign Minister discuss stronger economic cooperation

Posted on 08/03/2015

Sultan bin Saeed Al Mansouri, Minister of Economy of the UAE, and Rob Nicholson, Canadian Foreign Affairs Minister, have met to discuss ways of promoting the UAE-Canadian bilateral relations in the service of the common interests of both countries and to explore the latest political regional and international developments. During the meeting, Minister Al Mansouri emphasised that partnership between the public and private sectors is a key to the creation of a fully-integrated innovative ...  >>MORE

Ministry of Economy and German State of Hessen discuss co-operation

Posted on 28/02/2015

Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry Affairs, has discussed with Tarek Al Wazir, the German Minister for Economics, Energy, Transport and Regional Development of the state of Hessen, ways to develop economic, investment, trade and industrial relations between the UAE and Germany, especially the state of Hessen. The meeting was attended by Juma Al Kait, Assistant Under-Secretary of the Ministry for Foreign Trade, other senior officials and ...  >>MORE

UAE, Lithuania, discuss cooperation on food security

Posted on 12/02/2015

The UAE Minister of Economy, Sultan bin Saeed Al Mansouri, and Lithuanian Minister of Economy, Evaldas Gustas, on Wednesday discussed ways of promoting food trade and cooperation on food security between their two countries. In his remarks during the meeting at the Economy Ministry in Dubai, Al Mansouri, proposed a plan to promoted trade and relations with Lithuania. Defining the investment opportunities and promoting the role of the business community in both countries would be the first ...  >>MORE

Economic Minister, Slovak Deputy Prime Minister explore prospects of joint economic, trade and investment cooperation

Posted on 11/02/2015

The UAE is interested in opening new avenues of joint economic and investment cooperation and boosting trade exchange with the Slovak Republic, Sultan bin Saeed Al Mansouri, Minister of Economy, said yesterday during a meeting with Robert Kalinak, Deputy Prime Minister and Minister of Interior of the Slovak Republic, on the margins of the 3rd Government Summit being held in Dubai. Al Mansouri noted that the Slovak trade representative in the UAE fell short of the high-level of the good ...  >>MORE

Hani Al Hamli: Netherlands to be a strategic partner in the field of innovation

Posted on 05/02/2015

Hani Al Hamli, Secretary General of Dubai Economic Council (DEC) has said that Dubai/ UAE economic and trading ties with the Kingdom of Netherlands have witnessed rapid growth over the last few years. He also said that DEC is looking forward to harnessing the potentials of Dutch companies to support Dubai's bid to turn into the most innovative city. He made this statement during the recent visit of the Netherlands embassy delegation to the DEC. The delegation was headed by Jennes de Mol, ...  >>MORE

Japan Trade Centre launches operations at Dubai World Central

Posted on 29/01/2015

Japan Trade Centre, JTC, a private-sector business-to-business platform dedicated to promoting Japan's small and medium enterprises across international markets, has commenced operations at the Business Park in Dubai World Central, DWC. JTC DWC LLC will serve a growing body of Japanese SMEs in the UAE, spanning various industries such as machinery, construction materials, electronics, food and beverage, textiles and jewellery. JTC is linked to a pool of over 2,000 Japanese business partners, ...  >>MORE

UAE, Canada discuss ways to boost trade

Posted on 29/01/2015

Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade, received a Canadian delegation led by Martin Zablocki, CEO of the Canadian Commercial Corporation (CCC), for discussions on best ways to bolster joint economic, trade and investment co-operation. In the presence of a number of resident Canadian diplomats, Al Saleh said UAE-Canada's ties had contributed towards expanding two-way trade to nearly Dh16.2 billion ($4.4 billion). By the end of 2013, trade exchange ...  >>MORE

UAE free zone trade reaches Dh269.6 billion

Posted on 06/01/2015

The total non-oil trade of the United Arab Emirates (including the direct non-oil trade and free zone trade) increased to Dh794.3 billion in the first half of 2014, the preliminary statistical data of the Federal Customs Authority, FCA, revealed. According to the data, the total direct non-oil trade has reached Dh524.7 billion, while the total free zone trade amounted to Dh269.6 billion during the same period. The FCA preliminary data also showed an increase in the total free zone trade in ...  >>MORE

Dubai Customs releases its Corporate Sustainability Report 2013

Posted on 31/12/2014

Dubai Customs released its sixth annual sustainability report for the year 2013, as part of its strong commitment to social responsibility and organisational sustainability. This report is designed to highlight the efforts and activities undertaken by Dubai Customs to address social, environmental, economic and organisational impacts within its scope of work for the past year. It outlines how DC's business model supports its sustainability values for today as well as for the future. Dubai ...  >>MORE

Dubai foreign trade nears Dh1 trillion during Jan-Sept

Posted on 27/12/2014

Dubai has managed to contain the effect of global commodities and products' drop down in prices and sustained a high-value foreign trade. Figures released by Dubai Customs show that Dubai's non-oil foreign trade in the first nine months of 2014 totaled Dh988 billion, with imports having the biggest share at Dh621 billion, exports at Dh86 billion and re-exports Dh280 billion. The impressive figures come at a time the World Bank stated that prices of commodities are seeing a steep drop in 2014. ...  >>MORE

FCA: Implementation of the first phase of the customs duties direct transfer mechanism between the GCC countries by the beginning of next year

Posted on 24/12/2014

The Gulf Cooperation Council (GCC) countries will start implementing the first phase of the custom duties automated direct transfer mechanism by the beginning of next year, depending on the readiness of each country until the completion of setting the general framework for the implementation of the mechanism. The GCC countries will also start implementing the unified GCC customs procedures guide by the beginning of next year in order to facilitate the bilateral trade and strengthen the ...  >>MORE

UAE second largest market for Saudi Arabian October 2014 non-oil commodity exports

Posted on 10/12/2014

The value of the Kingdom of Saudi Arabia's non-oil commodity exports in October 2014 amounted to SR15,917 million, down by 12.44 % compared to the same period of 2013, while imports amounted to SR45,703 million, down by 6 % compared to the same period of 2013. The People's Republic of China ranked first in terms of the value of non-oil commodity exports, followed by the United Arab Emirates and Singapore, while the People's Republic of China topped the list of countries importing non-oil ...  >>MORE

U.A.E.-UK bilateral trade hits GBP12 billion two years early

Posted on 13/11/2014

Figures released by the UK's Office for National Statistics on 31 October show that bilateral trade between the U.A.E. and UK reached GBP12.36bn (Dh72bn) in 2013. This means that the GBP12bn (Dh70bn) target for 2015, which the two governments set in 2009, has been met and surpassed two years ahead of the deadline. When the target was set in late 2009, bilateral trade stood at GBP7.5bn a year. So great strides have been made in a very short time. The increase has been achieved across a wide ...  >>MORE

Dubai-France bilateral trade amounted to Dh10.6 billion in H1 2014, marking a 15% growth

Posted on 03/11/2014

Sultan Ahmed bin Sulayem, Chairman of DP World and Chairman of Ports, Customs and Free Zone Corporation (PCFC), and Ahmed Mahboob Musabih, Director of Dubai Customs, received the recently-appointed French Consul-General in Dubai, Majdi Abed, at DC main office. Sultan bin Sulayem praised the solid relations linking the United Arab Emirates and the French State and people. He said, "We enjoy exceptional economic and cultural ties with France, as it is one of Dubai's leading trading partners in ...  >>MORE

Al Mansouri, Belarus Foreign Minister discuss ways of strengthening economic, trade relations

Posted on 26/10/2014

Sultan Bin Saeed Al Mansouri, Minister of Economy, on Wednesday met Vladimir Makei, Belarus Foreign Minister, to explore ways of strengthening bilateral relations between the two friendly countries in the areas of economy, trade and investment. During the meeting which took place at the economy ministry's office in Dubai, the two parties discussed prospects for stepping up cooperation between the business communities of the two countries. Al Mansouri offered the Belarus visiting minister a ...  >>MORE

Economy minister heads UAE delegation to IORA's 14th meeting

Posted on 11/10/2014

PERTH: Minister of Economy Sultan bin Saeed Al Mansouri headed the UAE delegation to the Indian Ocean Rim Association (IORA)14th Council of Ministers Meeting which was concluded in Perth, Australia on Thursday. The 3-day meeting discussed areas of priority to IORA member countries, including maritime security and safety in the Indian Ocean Region (IOR); trade and investment facilitation; fisheries management; disaster risk reduction; academic, science and technology cooperation; tourism and ...  >>MORE

U.A.E.-US Business Council meets Assistant Secretary of State for Political-Military Affairs

Posted on 10/10/2014

WASHINGTON, D.C.: The U.A.E.-U.S. Business Council has met with U.S. Assistant Secretary of State for Political-Military Affairs, Puneet Talwar, in Washington, D.C.. The closed-door event brought senior Emirati and American government officials together with business executives and think-tank experts to hear Talwar's perspectives on the U.A.E.-U.S. strategic relationship, bilateral defence trade, and opportunities for closer collaboration between the two sides. "Defence trade is a cornerstone ...  >>MORE

Dubai foreign trade of Eid commodities hits Dh28.2billion

Posted on 05/10/2014

Dubai's foreign trade in products that are widely demanded during Eid festivities, such as ready-made clothes, shoes, perfumes and cosmetics, mounted up to around Dh28.2 billion in the first half of 2014, with a 12 per cent increase compared to the same period in 2013. Imports accounted for Dh20.6 billion, exports Dh1.1 billion and re-exports Dh6.4 billion. The flourishing tourism season in Dubai helps in increasing the demand for Eid-related products during holidays. Dubai is expecting more ...  >>MORE

Dubai foreign trade of readymade cloths, footwear, perfumes, cosmetics hit Dh 28b

Posted on 04/10/2014

Dubai's foreign trade in products that are widely in demand during Eid festivities, such as readymade clothes, shoes, perfumes and cosmetics, mounted up to around Dh 28.2 billion in the first half of 2014, a 12% increase compared to the same period in 2013. Imports accounted for Dh 20.6 billion, exports Dh 1.1 billion and re-exports for Dh 6.4 billion, according to Dubai Customs (DC). Dubai Customs, in a press release, says the demand for Eid-related products during holidays is being driven by ...  >>MORE

U.A.E.-US talk innovation

Posted on 30/09/2014

The U.A.E. delegation led by Sultan bin Saeed Al Mansouri, Minister of Economy, held in-depth discussions with a number of senior American business leaders during its tours of Seattle and San Francisco in the West Coast. At Seattle, the delegation visited Boeing's facilities in Everett, the world's largest factory and largest building by volume that assembles Boeing 747s, 767s, 777s, and the new 787 Dreamliner. Talks between the U.A.E. delegation and Boeing officials focused on the current ...  >>MORE

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Quick List

UAE-Poland Joint Economic Commission meeting discusses bilateral collaboration


UAE, Poland keen on forging economic, investment partnership


Al Mansouri, New Zealand premier discuss stronger economic, trade cooperation


Dubai textiles and fabrics trade valued at over Dh16 billion in 2014


UAE, Slovakia sign MoU establishing Joint Economic Committee to forge strong partnership


DWTC unveils 15,500 square metres expansion


UAE trade mission led by economy minister to explore joint investments in Czech Republic, Slovakia


New Zealand Prime Minister to lead trade mission to the UAE


UAE ranks 16th globally in exports, says WTO


Hamriyah Free Zone showcases its strengths at Hannover Messe


Swedish wood exports to UAE stand at 187.5 million Euros


UAE one of leading aluminium exporters


UAE, Ethiopia signs initial customs agreement


Dubai Chamber’s members Q1 exports rise to Dh 76.1 billion


UAE-Belgium Business Forum seeks enhanced bilateral trade relations


Abu Dhabi Chamber discusses importance of expanding economic and investment cooperation with Belgium


Foreign trade of Abu Dhabi Emirate constitutes 65.5% of its GDP


Dubai’s foreign trade worth Dh1.331tr in 2014


Dubai Chamber to open representative office in Sao Paulo


UAE-German Joint Economic Commission meeting discusses bilateral collaboration


Dubai FDI sets out to address business leaders in major US cities


Al Mansouri, Canadian Foreign Minister discuss stronger economic cooperation


Ministry of Economy and German State of Hessen discuss co-operation


UAE, Lithuania, discuss cooperation on food security


Economic Minister, Slovak Deputy Prime Minister explore prospects of joint economic, trade and investment cooperation


Hani Al Hamli: Netherlands to be a strategic partner in the field of innovation


Japan Trade Centre launches operations at Dubai World Central


UAE, Canada discuss ways to boost trade


UAE free zone trade reaches Dh269.6 billion


Dubai Customs releases its Corporate Sustainability Report 2013


Dubai foreign trade nears Dh1 trillion during Jan-Sept


FCA: Implementation of the first phase of the customs duties direct transfer mechanism between the GCC countries by the beginning of next year


UAE second largest market for Saudi Arabian October 2014 non-oil commodity exports


U.A.E.-UK bilateral trade hits GBP12 billion two years early


Dubai-France bilateral trade amounted to Dh10.6 billion in H1 2014, marking a 15% growth


Al Mansouri, Belarus Foreign Minister discuss ways of strengthening economic, trade relations


Economy minister heads UAE delegation to IORA's 14th meeting


U.A.E.-US Business Council meets Assistant Secretary of State for Political-Military Affairs


Dubai foreign trade of Eid commodities hits Dh28.2billion


Dubai foreign trade of readymade cloths, footwear, perfumes, cosmetics hit Dh 28b


U.A.E.-US talk innovation