China’s exports to the UAE amounted to $23.5 billion, up 9.94 per cent.
The Ministry of Economy of the United Arab Emirates and the China Council for the Promotion of International Trade (CCPIT), will together host the first China-UAE Economic and Trade Digital Expo,
Sultan Bin Saeed Al Mansouri, Minister of Economy, stated that China is the UAE’s leading trade partner in terms of non-oil commodities, accounting for 9.7 per cent of its total non-oil trade in 2018, valued at over $43 billion.
Dubai-based global developer Emaar will jointly implement with Beijing Daxing International Airport an Dhs40.5 billion (US$11 billion) project including the five square kilometre land area of the 50 sq. km airport.
The industry was hit twice because of the coronavirus, with export orders evaporating and then a shortage of workers caused by a national lockdown to stop the spread of the virus.
The benchmark Nikkei 225 index soared 405.65 points or 1.78 per cent to 23,249.61, the best close since February 21, the broader Topix index rose 18.62 points or 1.16 per cent to 1,624.15.
Brent crude was down 26 cents or 0.6% at $45.17 a barrel by 0647 GMT, after a gain of around 2% in the previous session. West Texas Intermediate oil also lost 0.6%, a 25 cent decline to $42.42 a barrel which followed a climb of 2.6% on Wednesday.