Bahrain’s non-oil exports saw a significant increase of 22%, reaching BD338 million ($896.59 million) in April 2025. This marks a rise from BD277 million in the same month of 2024. The data was released in the April 2025 Foreign Trade report by the Information & eGovernment Authority (iGA). In parallel, Bahrain’s non-oil imports also rose...
The United Arab Emirates has signed 22 agreements totaling more than $5 billion with Kazakhstan, according to UAE’s Minister of Foreign Trade Thani Al Zeyoudi. While the specific details of the agreements were not disclosed by the minister, the significant financial commitment highlights the strengthening ties between the two nations. The agreements are expected to...
The Dubai Chamber of Commerce has officially launched the Peruvian Business Council to bolster trade and investment relations between the United Arab Emirates and Peru. The announcement took place in the presence of H.E. Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, underscoring the significance of this initiative. Credit: Government...
The United Arab Emirates (UAE) has set a significant goal to enhance its non-oil foreign trade to AED4 trillion ($1.09 trillion) by 2031. This objective is a key element of the “We the UAE 2031” vision, which aims to diversify the country’s economy away from oil dependency. As part of this initiative, the UAE launched...
The Comprehensive Economic Partnership Agreements (Cepas) between the UAE and Costa Rica and Mauritius officially took effect on Wednesday, marking a significant step in the Emirates’ efforts to enhance its global trade and investment activities. According to the UAE’s Ministry of Economy, these new agreements are the seventh and eighth to be implemented under the...
For the first time, the UAE’s foreign trade has reached an impressive Dh3 trillion by the end of 2024, as announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. He described this achievement as a “historic milestone” in a post on X. Sheikh Mohammed highlighted...
The UAE has made remarkable strides over the past year, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Reflecting on these accomplishments, Sheikh Mohammed expressed pride in the nation’s progress and shared his optimistic outlook for 2025. In a post on...
The UAE is set to end 2024 with a record-breaking AED 3 trillion in non-oil foreign trade, according to recent figures. This milestone reflects the country’s effective trade strategies and ambitious economic policies aimed at achieving its “We the Emirates 2031” vision. According to Al Khaleej, in the first half of 2024 alone, the UAE...