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Dr. Sultan Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology, is on an official visit to Japan from April 13 to 16, aimed at enhancing cooperation in trade, investment, energy, and advanced technology. His visit includes chairing the second ministerial meeting of the Comprehensive Strategic Partnership and engaging in bilateral discussions with...
India’s External Affairs Minister S. Jaishankar met with Italy’s Deputy Prime Minister and Foreign Minister Antonio Tajani, as well as Minister Anna Maria Bernini, on Friday. The discussions focused on enhancing cooperation in several vital sectors, including trade, investment, maritime security, technology, education, and culture. Both parties reaffirmed their commitment to the Joint Strategic Action...
Markets in the United Arab Emirates closed higher on April 9, 2025, despite escalating tensions from the ongoing US-China trade war. This resilience was observed even as US President Donald Trump intensified the tariff battle by raising duties on Chinese goods to 104%. The FTSE ADX General Index rose by 0.853%, while the DFM General...
The UAE and Turkey have recently enhanced their economic ties as their bilateral non-oil trade reached $40.5 billion in 2024. This milestone occurs three years ahead of the target set by the Comprehensive Economic Partnership Agreement (CEPA), which was enacted on September 1, 2023. The two countries celebrated an 11.5 percent growth in non-oil trade,...
Experts in trade and industry have advised UAE manufacturers and exporters on strategies to cope with the impact of new U.S. tariffs. They emphasize the importance of swiftly adapting to the changing American trade environment to minimize the adverse effects on exports. To address these challenges, manufacturers and exporters are encouraged to study market dynamics...
The Fujairah Chamber of Commerce and Industry (FCCI) reported that the value of certificates of origin issued in Fujairah surpassed AED 13 billion (approximately $3.54 billion) last year. This figure represents an increase of around 18% compared to the previous year, highlighting a robust demand for trade documentation in the emirate. In 2024, the total...
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India has significantly boosted bilateral trade, which has nearly doubled since the agreement came into effect in 2022. The UAE is now the third-largest trading partner for India, following the US and China, and is responsible for 3 percent of India’s total foreign direct investment...
The United Kingdom is actively seeking to enhance business opportunities for British firms in Dubai and the wider UAE, particularly in the aviation, hospitality, and financial services sectors. Sarah Mooney, the UK trade commissioner for the Middle East and Pakistan as well as the British Consul General to Dubai and the Northern Emirates, emphasized that...
European Union Trade Commissioner Maros Sefkovic announced on Thursday that the EU may postpone the implementation of its first set of countermeasures against the United States until mid-April. This decision comes in response to tariffs imposed by former President Donald Trump on U.S. imports of steel and aluminum. Sefkovic indicated that the EU is considering...
The trade relationship between the UAE and the U.S. has strengthened significantly, with merchandise trade growing by 9.47% to reach $34.43 billion in 2024. This increase is up from $31.45 billion in 2023, highlighting a robust economic partnership that has developed over more than five decades. The recent visit of H.H. Sheikh Tahnoon bin Zayed...