UAE President, Singapore PM discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Lee Hsien Loong, Prime Minister (PM) of the Republic of Singapore, discussed the deep-rooted relations and comprehensive partnership between the two countries , and explored avenues for its development to serve mutual interests, reported the state news agency, WAM. The leaders also talked about regional and […]
Lulu opens 72,000 square feet hypermarket in Dubai Mall
Lulu Group, a prominent retail chain, marked its expansion by opening a new branch at the iconic Dubai Mall on Monday. Covering a sprawling 72,000 square feet, this state-of-the-art outlet aims to cater to the needs of millions of visitors to the mall. This latest addition has increased Lulu Group’s store count in Dubai to […]
Abu Dhabi’s non-oil economy grew 12.3% in Q2 2023
Abu Dhabi’s non-oil economy grew by a record 12.3 per cent in the second quarter of 2023, according to the Statistics Centre – Abu Dhabi (SCAD), as the city’s efforts to become a hub for hedge funds and other financial firms start to pay off. The preliminary datafrom SCAD shows that the emirate’s gross domestic product (GDP) reached […]
India to export rice to the UAE: 75,000 tonnes approved through NCEL
The Indian government will allow the export of rice to the UAE. This exception to the export ban was made by the Indian government for a pre-determined quantity of non-basmati white rice. According to the notification by India’s Directorate General of Foreign Trade on Monday evening, the UAE will receive to the tune of 75,000 tonnes […]
UAE, China’s Hainan province sign private-sector agreements to enhance trade
The UAE and China’s Hainan Province have expanded bilateral trade and investment ties through the signing of four significant private-sector agreements, as per state news agency WAM. The signing ceremony took place during the Hainan Promotion Conference in Dubai and featured the presence of Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for […]
UAE, Japan sign 23 deals during PM Kishida’s visit to Abu Dhabi
The UAE and Japan have inked 23 agreements and memoranda of understanding (MoUs) during the UAE-Japan Business Forum, which was held today. The agreements aim to bolster economic, trade and investment ties between the two countries in the fields of energy, industry, advanced technology, artificial intelligence, space, health, transport, environmental conservation and circular economy. […]
UAE GDP grows by 7.9% in 2022
Abdullah bin Touq Al Marri, Minister of Economy, said that the preliminary estimates of the UAE’s gross domestic product (GDP) for 2022, issued by the Federal Competitiveness and Statistics Centre, reaffirm the robustness of the country’s economic performance and its achievement of positive growth rates that exceeded estimates. The UAE’s GDP in 2022 at constant […]
Malaysia, UAE to start talks on economic partnership
Malaysia and the United Arab Emirates have agreed to launch negotiations towards a comprehensive economic partnership agreement, Malaysia’s trade ministry said on Tuesday. The agreement will be mutually beneficial and cover trade in goods and services, investments, economic cooperation, the ministry said in a statement. Reuters News
UAE one of most important Arab countries investing in Malaysia: Al Jarwan
Jamal Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), said that the UAE is one of the most important Arab countries investing in Malaysia, as many Emirati companies own stakes in various investment projects in Malaysia. Al Jarwan told the Emirates News Agency (WAM) that the UAEIIC is keen to explore prospects […]
Dubai Chambers to showcase private sector role, expand networks at WCC in Geneva
Dubai Chamber is set to highlight the key role played by the emirate’s private sector worldwide and expand its global networks, bilateral trade, and business reach during the 13th World Chambers Congress (WCC) in Geneva, Switzerland, from 21st-23rd June 2023. As a diamond sponsor of the 13th WCC, which is held under the theme of […]