The latest recognition adds immense value to the emirate’s pioneering track record on the global maritime map.
The Dubai-China bilateral trade hit Dhs139 billion in 2018, and was valued at Dhs36 billion in the first quarter of 2019.
Overall business conditions in Dubai’s non-oil private sector economy improved at the fastest rate in over four years in April. This mainly reflected the trend in new business, as employment was broadly unchanged during the month. Notably, business conditions in the wholesale & retail sector
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has signed two new strategic partnership agreements with Chinese authorities during visits to the cities of Hangzhou
French President Emmanuel Macron announced an 8 billion euro ($8.8 billion) plan to make France the top producer of clean energy vehicles in Europe and urged French carmakers to make vehicles in their own country.
Dubai Silicon Oasis Authority announced the completion of more than 3,000 transactions worth approximately Dhs10 million in two months, from mid-March to mid-May 2020, while working remotely.
India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
The euro retreated from near two-month highs and equity markets wavered on Wednesday even as the EU unveiled a 750b euro ($823 billion) recovery fund that helped offset concerns about unrest in Hong Kong over Beijing’s proposed security laws.