UAE market bullish on export trade partnerships

Recent economic and trade monitoring data indicated that value of non-oil foreign trade in the UAE reaching nearly Dh1.63 trillion in 2018, increasing slightly from the Dh1.61 trillion in 2017. Federal Customs Authority (FCA) figures suggest that within non-oil trade, the value of exports rose by 1.8 per cent to Dh212 billion while re-export reached Dh478.4 billion..... Read more »

Posted on : 7/2/2019

Dubai Regulatory Committee Formed For Petroleum Products Trade

Crown prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has issued a resolution forming the Dubai Regulatory Committee for Petroleum Products Trading. It will report directly to the Supreme Council of Energy which will involve representatives from public and private sector groups..... Read more »

Posted on : 6/27/2019

Dubai's Emirates National Oil Company Won $Us690 Million Funding from China

Dubai’s Emirates National Oil Company declared that it has bagged US$690 million in funding from a Chinese bank consortium. The funding came from a consortium including Industrial and Commercial Bank of China, the Agricultural Bank of China, and China Construction Bank, which will help ENOC finance its general corporate activities..... Read more »

Posted on : 6/27/2019

Uber Starts Volvo Self Driving Car

Uber has now started a vehicle with self-driving abilities. The self-sufficient car will have traditional controls like brake pedals and steering wheels. It is designed for use by computers rather than humans..... Read more »

Posted on : 6/26/2019

Five new Salik services added to Dubai Drive app by the RTA

The Roads and Transport Dubai (RTA), owners of used cars Dubai,just made your life more easier.As per a recent announcement now you get five Salik services on the Dubai Drive app by the RTA. These services include opening a Salik account as well as fine payment along with other services..... Read more »

Posted on : 6/26/2019

Chinese Fund Gets 49% Stake in ACWA Power's Renewable Energy Unit

Silk Road Fund (SRF), a state-owned investment fund of the Chinese government, has achieved an agreement with Saudi-based Acwa Power to buy 49 per cent of the shares in its renewable energy platform..... Read more »

Posted on : 6/25/2019

The balance of trade volume between India and the UAE is now worth $57 billion

Indian Prime Minister Narendra Modi met with Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, and Dr Ahmed Al Banna, UAE Ambassador to India, in January 2019..... Read more »

Posted on : 6/21/2019

Middle East has topped as Uganda's number one destination for the country's exports

Export earnings from South Sudan recorded an increase to Shs153b from Shs138b earned in February. Uganda's export revenue from Middle East grew to Shs990b up from Shs290b in February. Middle East has topped Comesa as Uganda's number one destination for the country's exports for the month ended March, as reported by a Bank of Uganda..... Read more »

Posted on : 6/7/2019

Siegwerk Turkey Partners with Printech ME to distribute its Flexible Packaging Inks in the UAE

One of the world's leading suppliers of printing inks for packaging and labeling purposes, Seigwerk has signed a distribution agreement with Printech Middle East LLC, a well-known solution and service provider for the printing and packaging industry in the UAE..... Read more »

Posted on : 6/1/2019

Austria's Borealis and U.A.E.'s ADNOC Collaborate to Expand Global Polyolefin Production

Borealis and the Abu Dhabi National Oil Company (ADNOC) have recently signed a Memorandum of Understanding (MoU) to explore potential growth opportunities within the polyolefin industry in key geographic markets that will be viewed by both parties as key future demand centers..... Read more »

Posted on : 5/31/2019