DMCC, a leading international business district in Dubai, has announced a new memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two bourses.
Shipping between Iran’s Dayyer port and Qatar’s Al Ruwais port has resumed following coordination between the Iranian embassy in Doha and Qatari authorities, a Reuters report said quoting Iran’s commercial attaché in Doha.
Bilateral trade between India and Russia has reached a record high of nearly $70 billion, driven primarily by Russian oil and fertilizers exports as well Indian pharma products, thus reflecting the growing scope of economic ties between the two countries, a senior Indian government official said.
Saudia Cargo has announced that it has expanded its global network with the official launch of a new scheduled route linking Riyadh and Melbourne city, strengthening trade and logistics ties between the Kingdom of Saudi Arabia and Australia through a direct air cargo connection.
The UAE and Canada have announced that the duo has concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA) in a move aimed at boosting trade and investment in key sectors including aerospace, clean energy, aviation and critical minerals.
Dubai Chambers discussed ways to advance bilateral relations between Dubai and China during a recent meeting with the Shanghai Federation of Industry and Commerce.
The UAE's non-oil foreign trade surged by 13% during the first half to hit nearly AED2 trillion ($527.5 billion), driven by a surge in exports, said a report. The country’s non-oil exports jumped 24% from a year to hit AED452.8 billion ($123.3 billion), accounting for 23.4% of total non-oil trade.
The Saudi Ports Authority (Mawani) has announced the addition of Maersk’s shipping service (Maersk - MECL) to Jeddah Islamic Port, thus enhancing the port’s maritime connectivity, expanding its service network with regional and global ports, and supporting the smooth flow of trade and supply chains.
Dubai has announced plans to develop several landmark projects at a total investment of AED18 billion ($4.9 billion), covering infrastructure, culture, trade, investment and urban development, as the emirate seeks to support long-term economic growth and improve quality of life, said a report.
Sharjah Ports, Customs and Free Zones Authority has announced the launch of Al Dhaid Logistics Complex, a key project aimed at boosting the country's supply chain efficiency. The first phase, which spans over 16 million sq ft, is designed to accommodate up to 1.5 million TEUs per annum.
