Akima Umezawa - Consul General of Japan (2nd from left) with other top officials during the event on Monday in Dubai.
The total value of trade exchange between the UAE and Japan fell by 9.6 per cent to Dhs27.38 billion ($7.46 billion) in the first quarter of this year, down from Dhs30.28 billion ($8.25 billion) in the corresponding period last year.
The seventh session of the Abu Dhabi-Japan Economic Council (ADJEC) kicked off on Thursday on a virtual platform to discuss ways of enhancing economic, commercial, and investment cooperation between Abu Dhabi and Japan
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.
European and US stock markets slumped on Friday as investors dwelled on the prospect of rising US interest rates. Europe’s main bourses all fell nearly two per cent.
HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 billion for the British bank but end its long struggle to dispose of the business as it focuses on Asia.
Sharjah Islamic Bank (SIB) has opened its newest branch in Abu Dhabi Mall. The decision serves as a key step forward in strengthening the bank’s network in the UAE and reach its growing customer base in the capital city.
Bilateral trade between UAE and Malaysia grew 26.52 per cent to $1.97 billion (Dhs7.25 billion) in the first quarter of 2021, compared to from $1.56 billion (Dh5.73 billion) in the corresponding period last year, reflecting the resilience in two-way trade.