The UAE’s imports from the UK rose by around 9.5 per cent to Dhs8.58 billion in the first three months of this year.
The total trade between the UAE and the UK grew by around 7.4 per cent to Dhs24.45 billion (£5.49 billion) in the first half of this year, up from Dhs22.76 billion (£5.11 billion) in the corresponding period last year.
Bilateral trade between China and the UAE reached $11.2 billion in the first quarter of 2019, a 16.21 per cent increase compared to the same period in 2018, said a top Chinese diplomat.
The 5th UAE-UK Joint Economic Committee (JEC) was held in London with the participation of a high-level official delegation from the UAE, headed by Engineer Mohammed Bin Abdul Aziz Al Shehhi, Undersecretary of Economic Affairs in the Ministry of Economy, on behalf of Engineer Sultan Bin Saeed Al Mansoori, UAE Minister of Economy.
Following the UAE Ministry of Finance’s efforts to strengthen cooperation with EU member states, Obaid Humaid Al Tayer, Minister of State for Financial Affairs met with Giovanni Tria, Minister of Finance of Italy during the Ministry’s visit to the Duchy of Luxembourg.
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, and home to the largest, most developed financial technology ecosystem in the region,
Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fuelled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets.
Marwan Bin Haidar, Executive Vice President of Innovation & The Future at Dubai Electricity and Water Authority (Dewa) highlighted Dewa’s role in supporting energy start-ups during a plenary session at the 24th World Energy Congress