GST Drives Indian Gold Buying to Dubai

DUBAI has become an attractive destination for Indian citizens buying gold and jewelry thanks to the subcontinent's new GST, writes Steffen Grosshauser at BullionVault – but the boost may prove short-lived as the Arab city-state moves to impose its own sales tax later this year.

GCC non-oil sector to grow by 2.6% in 2017

The acceleration of global trade in the first half of 2017 is expected to be felt unevenly across GCC economies and will probably see the region’s GDP growth easing to just short of 1% in 2017, according to ICAEW.

Rising imports boost Middle East LNGC traffic

The Middle East rivals Asia as the world’s largest LNG-producing region and is also the fastest-growing market for LNG imports.

Gulf carriers add capacity as Cambodian air cargo exports soar

The major Gulf carriers have boosted capacity at Phnom Penh Airport during a strong first-half for Cambodia’s air cargo exports.

Dubai Chamber members' H1 trade to reach USD40bn

The Dubai Chamber of Commerce and Industry posted that its members' exports and imports have increased by 6.1% to reach Dh146.7 billion in the first 6 months of the year.

Dubai Exports Launches Latest Edition of Its Directory on UAE Exporters and Industries

Dubai Exports, the export promotion agency of Dubai Economy, has launched the latest edition of its ‘UAE Exports & Industry Directory 2017-2018,’ the first of its kind reference point on manufacturing and export capabilities in Dubai and the UAE in general, available in three formats – print, website and on smart application.

ADFD to study feasibility of UAE Export Finance Programme with Korea Development Institute

Abu Dhabi Fund for Development, ADFD, has appointed the Korea Development Institute, KDI, a Korean think tank, as expert consultant to advise on the need for a UAE-based Export Finance Programme.

UAE oil giant in talks with banks to obtain huge syndicated loan of $5bn

Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5bn, the latest sign that the region’s giant oil companies are increasingly turning to the debt markets to fund expansion.

Dubai Chamber grows membership by 10%

The Dubai Chamber of Commerce and Industry grew its membership base by 10.9 percent year on year in the first half of 2017, adding 8,900 new companies, it said on Sunday.

Cotabato farmers exporting brown rice to Middle East

Organized farmers here have started exporting brown rice to markets in the Middle East, courtesy of investments from residents employed in the United Arab Emirates (UAE), according to Agriculture Secretary Manny Piñol.