Officials at the signing ceremony.
The UAE is the major trade partner to Vietnam in the Middle East and North Africa while Vietnam is the key trade partner to the UAE in the South East Asia, with two-way non-oil trade reaching $10.4 billion in 2017, a growth of 18 per cent as compared with 2016, according to Sultan Bin Saeed Al Mansouri, Minister of Economy.
Etihad Credit Insurance (ECI), the UAE Federal credit insurance company, has signed a Memorandum of Understanding (MoU) with Italy-based Joint Italian Arab Chamber of Commerce (JIACC) to boost Arab-Italian economic and trade relations by focusing on the halal industry through the access to ECI’s Shariah-compliant insurance and financial solutions.
The total commodity trade between the UAE and the UK grew by around 4 per cent to around £2.57 billion (Dhs11.92 billion) in the first quarter of this year, up from £2.47 billion (Dhs11.46 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 Sharjah International Airport Free Zone (Saif Zone) and Hamriyah Free Zone Authority (HFZA) have bagged two prestigious international awards, in recognition of their sustained efforts to develop state-of-the-art business
Abu Dhabi Airports has welcomed GoAir’s launch of two new daily flights, the first between Mumbai International Airport (BOM) and Abu Dhabi, and the second to Delhi International Airport (DEL), further connecting the UAE capital
Adding to the persisting concerns of a weakening economy, an IHS Markit report said that business sentiment in the country in June fell to the lowest level since 2016 as companies are worried over a subdued economy, government policies, regulation and water shortages.