Phnom Penh – Cambodia His Excellency Dr. Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade, concluded an official visit to the Kingdom of Cambodia at the head of a high-level Emirati delegation, in an effort to consolidate trade and investment relations between the two friendly countries, increase trade …
Read More »The private sector in Dubai records the strongest business confidence since before the pandemic. Great optimism restores March 2020 levels
Non-oil private sector companies in Dubai recorded further improvement in operating conditions in May 2023, and growth maintained its strength despite a slight decline compared to April. Production and employment increased by stronger degrees, while demand momentum eased and supply chain pressures eased further. At the same time, companies showed …
Read More »Record transfers between individuals and banks… 4.8 trillion dirhams in the first quarter
The value of transfers carried out in the banking sector via the Emirates Remittances System jumped, recording record levels, as it increased by 66%, to reach 4.8 trillion dirhams during the first quarter of 2023, compared to 2.88 trillion dirhams during the corresponding period of 2022, according to Central Bank …
Read More »At a value of 3.58 billion dirhams … “ADNOC Supply” obtains an engineering, procurement and construction services contract for the project to build an artificial island in the “Lower Zakum” field
The engineering, procurement and construction contract is the first to be obtained by ADNOC Logistics and Services after expanding its logistics services and listing it on the Abu Dhabi Stock Exchange in a public offering that witnessed exceptional demand. The contract supports ADNOC Logistics and Services’ growth and expansion strategy …
Read More »Dubai hotel room revenues of 6.7 billion dirhams in 4 months exceeded pre-pandemic levels by 42%
Hotel establishments in Dubai achieved strong growth in available room revenue during the first four months of this year compared to pre-pandemic levels by 42%, to reach 6.73 billion dirhams, compared to 4.7 billion dirhams in the corresponding period of 2019. The data showed that the revenues of hotel establishments …
Read More »226.4 billion Abu Dhabi trade in 2022, with a growth of 16%.. and Saudi Arabia is the first partner
The value of non-oil foreign trade in 2022 in the Emirate of Abu Dhabi amounted to 226.4 billion dirhams, a growth of 16% compared to 2021. The total non-oil exports amounted to 146 billion dirhams in 2022, a growth rate of 16% compared to 2021, while the value of exports …
Read More »The UAE and Vietnam are preparing for a new era of economic partnership
Abu Dhabi, June 6, His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, met with His Excellency Pham Minh Chinh, Prime Minister of the Socialist Republic of Vietnam, to discuss ways to advance trade and investment relations between the two friendly countries to new horizons …
Read More »Dubai adds 80 active projects since the beginning of 2023, at a value of 26 billion dirhams, providing 29 thousand units within five years
The local real estate market in Dubai has added 80 new active projects since the beginning of 2023, with a total value of 26 billion dirhams. These projects will add more than 29,000 units of various uses and spaces, according to data on the website of the Dubai Land Department. …
Read More »Al Arabiya Abu Dhabi plans to double the size of its fleet in the next 12 months
Abu Dhabi, June 5: “Air Arabia Group” revealed that it plans to double the size of the current fleet of “Arabia Abu Dhabi” during the next twelve months, in support of the growing needs of the aviation sector in the capital, Abu Dhabi, and to contribute to achieving the emirate’s …
Read More »Jordan exports 1.9 billion dinars during the first quarter
Jordanian exports achieved growth with various trading partners and economic blocs in the first quarter of this year, reaching 1.972 billion dinars, compared to 1.815 billion dinars for the same period last year. The Ministry of Foreign Trade said, in data issued by the Department of Statistics and reported by …
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