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Heads of American chambers of commerce visit Jafza, DP World
UAE continues to be the top tea re-exporter in the world: MOFT
Abu Dhabi foreign trade rises 9% to Dh112 billion
UAE-Korea bonds scale to new heights
9% growth rate in exports and 86% growth rate in UAE's Foreign Trade over 5 years
Unified customs tariffs for 37 services
UAE dominates trade with Japan
Dubai direct export rises to Dh52.4 billion
UAE tops US imports table
Lubna Al Qasimi meets University of Washington President, US investors
UAE - Bosnia Herzgovina trade up to Dh42m
Lubna Al Qasimi stresses importance of adopting strategic methods to boost UAE trade globally
UAE-Japan trade down 49 per cent
Lubna calls on UAE and Iraq to tap virgin investment potentials
Lubna sells UAE investment potentials to French companies

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Heads of American chambers of commerce visit Jafza, DP World
Posted on 11/03/2010

A top level US business delegation comprising senior members of the Association of American Chambers of Commerce (ACCE), this week visited Jebel Ali Free Zone (Jafza), the Economic Zones World flagship operation, and Jebel Ali Port, the home base of global container terminal operator DP World. The US-Dubai 2010: Executive Business Leaders Mission to Dubai is an initiative organised by Dubai Chamber of Commerce '&' Industry with the objective of boosting trade ties between Dubai and the US ...  >>MORE



UAE continues to be the top tea re-exporter in the world: MOFT
Posted on 10/03/2010

Initial indicators have shown that the UAE is still the top tea re-exporter of the world for the year 2009, and is set to retain the top position it reached in 2004, according to a study conducted the UAE Ministry of Foreign Trade . The indicators affirm that the UAE continues to play a key role in the international tea trade due to its unique geographic location and provision of competitive logistic and storage services, particularly through the Dubai Tea Trading Centre (DCTT) in Jebel Ali ...  >>MORE



Abu Dhabi foreign trade rises 9% to Dh112 billion
Posted on 10/03/2010

Abu Dhabi's foreign trade rose to Dh112.071 billion in 2009, an increase of 9% as compared to 2008 as per annual statistics of foreign trade operations announced by HE Saeed Ahmed Abdullah Al Muhairi, Director General of Abu Dhabi Customs yesterday. HE Al Muhairi pointed out that Abu Dhabi's volume of foreign trade grew despite global economic challenges and said, "One of the key figures of 2009 customs statistics is the growth in non-oil exports that climbed to Dh9,505 million, an increase ...  >>MORE



UAE-Korea bonds scale to new heights
Posted on 09/03/2010

The UAE awarding last December of a 20.4-billion-US-dollar contract to build four nuclear power plants to a South Korean-led consortium has ushered relations between the UAE and South Korea into a new strategic turn, a senior Abu Dhabi government official said today. H.E Nasser Al Suweidi, Chairman of Abu Dhabi Department of Economic Development (ADDED), told the UAE-Korea Business Forum that bilateral economic relations had seen positive and promising developments through the marked increase ...  >>MORE



9% growth rate in exports and 86% growth rate in UAE's Foreign Trade over 5 years
Posted on 07/03/2010

The UAE total volume of non-oil foreign trade reached about 663 billion dirham in terms of value in 2009, of which 449.2 billion dirham for imports value, 66 billion dirham for exports value, and 147.8 billion dirham for re-export value. While, in terms of weight, the UAE trade reached about 80.5 million tons, of which 49.2 million tons for imports weight, 22.4 million tons for exports weight, and 8.9 million tons for re-exports weight. Khalid Ali Al Bostani, the acting Director General of ...  >>MORE



Unified customs tariffs for 37 services
Posted on 28/02/2010

Customs offices at the UAE's different points of entry will start on Monday levying the new unified tariffs for 37 services to facilitate procedures for importers and exporters. Khalid Ali Al Bustani, acting Director General of the Federal Customs Authority, said the new rule will be implemented in line with the cabinet's resolution no. 45 for 2009 and as part of the UAE's commitments to the GCC customs union and to the other international conventions. "The unification of tariff for customs ...  >>MORE



UAE dominates trade with Japan
Posted on 26/02/2010

Trade between the UAE and Japan reached US$29.21 billion (Dh107.2 billion) with the trade balance heavily tilted towards the UAE, according to the latest statistics published by the Japan External Trade Organisation (Jetro). Japan is a major oil importer from the UAE, which helps the balance of trade in favour of the UAE, despite a heavy influx of Japanese products into the country. UAE exports to Japan totalled US$22.7 billion in Dec-ember 2009, down from US$46.41 billion in December 2008. ...  >>MORE



Dubai direct export rises to Dh52.4 billion
Posted on 24/02/2010

Dubai's non-oil direct exports grew an average rate of 23% in 2009 compared to 2008. The value of the exported goods through all Dubai Customs entries amounted to Dh52.4 billion in 2009 as opposed to Dh42.6 billion in 2008 while the growth rate over the past five years reached 47%. H.E Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation and Dubai Customs Director General stressed that the UAE adopted strategy with respect to diversifying the production base and ...  >>MORE



UAE tops US imports table
Posted on 24/02/2010

The UAE has emerged as the biggest importer of US goods in the Arab world last year. That is despite the trade value having declined by 16 per cent, to US$12.1 billion (Dh44.44bn) as the global downturn dampened demand for US vehicles, machinery and components. US car exports to the UAE declined by 57 per cent while aerospace sales surged 19 per cent, led by Boeing aircraft deliveries to Emirates Airline, Etihad Airways and flydubai, the budget airline. The data was released by the US ...  >>MORE



Lubna Al Qasimi meets University of Washington President, US investors
Posted on 22/02/2010

Minister of Foreign Trade H.E. Sheikha Lubna bint Mohammed Al Qasimi, received in Abu Dhabi yesterday President of the University of Washington Mark A. Emmert, who was accompanied by a business delegation of the university graduates. During the meeting, Sheikha Lubna highlighted the recent developments in the UAE-U.S. cooperation in the areas of trade, economy, healthcare and education. She referred to the remarkable growth in the UAE's non-oil foreign trade which surged by 45 percent in ...  >>MORE



UAE - Bosnia Herzgovina trade up to Dh42m
Posted on 22/02/2010

Trade between the Republic of Bosnia and Herzegovina and the UAE has witnessed a sharp increase, reaching a total of 8 million Euros (Dh42 m) in the last 2 years. "The UAE is the biggest business hub in the region and one of the most important trading hubs in the world. The Republic of Bosnia and Herzegovina is looking forward to strengthen its economic ties with the UAE and further increase the trade between the two countries". Said H.E. Radomir Kosic, the Ambassador of Bosnia and ...  >>MORE



Lubna Al Qasimi stresses importance of adopting strategic methods to boost UAE trade globally
Posted on 21/02/2010

UAE Foreign Trade Minister HE Sheikha Lubna Al Qasimi, has emphasised importance of adopting the latest strategic methods to update the trade position of the UAE to help it deal with challenges and changes at the regional and international markets. She added that the Ministry of Foreign Trade (MoFT) got inspiration from the directives of wise leadership to upgrade the foreign trade in order to diversify the economy and highlight the UAE trade position and competitiveness through increasing ...  >>MORE



UAE-Japan trade down 49 per cent
Posted on 18/02/2010

The sharp decline of oil prices worldwide over 2009 led the total value of trade exchange between the UAE and Japan fell by nearly 49 per cent to US$29.22 billion (about Dhs107.24 billion) in the year compared with US$57.21 billion (Dhs210 billion) in 2008. According to Japan External Trade Organisation (JETRO), the UAE's exports to Japan fell by 51 per cent to US$22.71 billion (Dhs83.35 billion) in 2009 compared with US$46.42 billion (Dhs170.36 billion) in the previous year. At the same ...  >>MORE



Lubna calls on UAE and Iraq to tap virgin investment potentials
Posted on 17/02/2010

H.E. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, stressed yesterday the need for maximising efforts to increase trade exchange between the UAE and Iraq, capitalising on the huge virgin investment potentials. Sheikha Lubna told a symposium on investment in Kurdistan region in Iraq attended by region's Prime Minister Barham Saleh that there were no doubt adequate opportunities for pushing trade exchange to higher levels towards the strategic partnership that fits the aspired ...  >>MORE



Lubna sells UAE investment potentials to French companies
Posted on 17/02/2010

Trade and investment indicators show the recovery of the UAE economy from the impact of the international financial crisis, H.E. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, affirmed yesterday. "Despite the economic slowdown worldwide, the openness climate has allied with resolve to boost strategic partnerships and economic diversification to unfold more investment opportunities and mitigate investment risks which usually appeal in global markets. This makes the UAE an ...  >>MORE

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