Bangladesh is reportedly making significant progress in its Free Trade Agreement (FTA) negotiations with South Korea and the UAE, according to statements made by Commerce Minister Khandakar Abdul Muktadir on July 26, 2026. The minister emphasized that the concluding phase of discussions is approaching, which could pave the way for enhanced trade relations between these...
In a move that signals deepening cooperation, India and the UAE are actively pursuing joint investments in critical minerals across third countries. This initiative aims to secure essential supply chains required for emerging industries, positioning both nations as key players in the global minerals market. The significance of critical minerals cannot be overstated, especially in...
The United Arab Emirates (UAE) is intensifying its efforts to enhance global economic partnerships, aiming to boost trade and attract foreign investments. This strategic initiative is part of the UAE’s broader vision to position itself as a leading hub for sustainable economic growth in the region. The UAE has been systematically expanding its network of...
The government of the United Arab Emirates has announced an ambitious export target of $63.4 billion for the fiscal year 2027. This goal underscores the nation’s continued commitment to diversifying its economy beyond oil dependency and bolstering its international trade relations. Of the projected export total, a significant portion, amounting to $55.2 billion, is anticipated...
The recent decision by Chinese banks to restrict retail gold trading has sent ripples through the global gold market while prices remain steady. On July 24, authorities implemented tighter regulations, but the impact of this measure on international gold pricing and investor behavior remains to be seen. These new restrictions come as part of China’s...
The launch of the Kenya Business Council in Dubai marks a significant step in enhancing economic ties between Kenya and the United Arab Emirates. This initiative coincides with the strengthening of bilateral relations under the Comprehensive Economic Partnership Agreement (CEPA), which aims to facilitate trade and investment between the two nations. This new business platform...
The ongoing conflict in the Middle East, particularly the recent hostilities involving the US and Israel against Iran, has led to a noticeable decline in demand for residential properties in Dubai. Real estate analysts report that the geopolitical instability is causing potential buyers to hesitate, delaying real estate transactions and fostering uncertainty in the market....
Despite facing a downturn in tourism, Dubai Taxi has reported impressive revenue figures for the first half of the year, amounting to Dh1 billion. The company, known for providing a wide range of transportation services, has managed to maintain robust financial performance, although it has noted a significant drop in the volume of trips. In...
Etihad Airways, the flag carrier of the UAE, has formalized its expansion into West Africa by signing a Memorandum of Understanding (MoU) with Africa World Airlines (AWA), a prominent airline based in Accra, Ghana. This agreement focuses on enhancing cooperation in multiple areas, including codeshare and interline partnerships, cargo services, and frequent flyer programs, marking...
According to the latest analysis from Henley & Partners, Dubai has emerged as a significant player in the global wealth landscape, experiencing an impressive 102% growth in its millionaire population over the last decade. The emirate now boasts a total of 81,200 millionaires, alongside 237 centi-millionaires and 20 billionaires, which has propelled its ranking from...