Daimler Truck teams up with DHL to operate new Dubai warehouse
UAE – Daimler Truck AG has announced that its regional unit, Daimler Commercial Vehicles Mena (DCV MENA) has sealed a strategic, long-term partnership with global logistics provider DHL Global Forwarding for the operations and management of its Daimler Truck Dubai Parts Centre. The deal was inked with the co-operation of Danzas AEI Emirates, a joint […]
Abu Dhabi’s GDP expands 11.2% in first half of 2022: SCAD
ABU DHABI – Statistics Centre – Abu Dhabi (SCAD) has announced statistical data that show expansion of Abu Dhabi’s Gross Domestic Product (GDP) in the first half of 2022, reaching 11.2 percent compared to the same period last year. The growth reflects the Emirate’s robust performance and the ability of the economy to maintain competitiveness […]
Brazil’s 10M exports to Arab world climb 25.71% to $14.47bln
Brazil’s exports to Arab countries jumped 25.71% to $14.47 billion during the first ten months (10M) of 2022, the Arab Brazilian Chamber of Commerce (ABCC) reported. The exports grew from $11.51 billion in 2021 to $14.47 billion from January to October this year. Brazilian exports to the UAE shot up 46.53% from $1.76 billion in […]
UAE, Indonesia to develop cooperation in energy sector
The UAE Ministry of Energy and Infrastructure and the Indonesian Ministry of Energy and Mineral Resources have signed a Declaration of Intent to boost the economic and social development between the two countries and exchange knowledge and data in the energy sector. Signed during a joint meeting between the two countries at the […]
Abu Dhabi hosts the UAE-Bulgarian Business Forum
The UAE-Bulgarian Business Forum, organised by Abu Dhabi Chamber of Commerce and Industry (ADCCI), concluded its activities which were held in Abu Dhabi. The Forum emphasised the importance of enhancing bilateral relations, and setting new strategic frameworks that drive economic partnerships by stimulating investment in a number of vital sectors. The Forum was held […]
AD Ports sets up new JV with National Marine Dredging Company
UAE – Abu Dhabi-based AD Ports Group has signed a deal with National Marine Dredging Company Group, one of the world’s leading engineering, procurement, construction (EPC) and marine dredging groups, to set up a new joint venture company that will conduct offshore surveys and subsea services in the UAE, across the GCC region, as well as […]
AD Ports Group to host Ports Authorities Roundtable
AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, will host the 7th Edition of Ports Authorities Roundtable (PAR 2022), a major annual maritime event that brings together port authorities from around the world together. The event is taking place at a crucial time for the ports and shipping sectors, […]
UAE’s non-oil foreign trade surged to $143.73bln by end of Q1-22: minister
The UAE’s non-oil foreign trade amounted to AED527.5 billion by the end of Q1-2022, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, revealed. “Despite rapid shifts taking place globally, the UAE is working according to an ambitious strategy to boost its foreign trade and usher in a new era of economic […]
UAE-German non-oil trade rises 10.5% to $9.5bln in 2021
The UAE has become Germany’s most important trading partner in the Middle East, said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, adding that the non-oil trade between the two countries amounted to $9.5 billion during 2021, a 10.5 percent increase compared to 2020. He said this while addressing an […]
UAE: Gold prices slip as dollar recovers; 24K opens at $59.69 per gram in Dubai
Gold prices fell on Wednesday morning as the dollar recovered slightly, piling pressure on greenback-priced bullion along with firm Treasury yields and an aggressive inflation stance by the US Federal Reserve chief. Spot gold dropped 0.25% to $1,810.19 per ounce at 9.15am UAE time. In the UAE, precious metal prices fell in line with global […]