Dubai’s free zones saw their total trade volumes in 2019 grew by 11% year-on-year with an estimated value of Dhs596 billion.
Inayat-ur-Rahman, Business EditorThe bilateral trade between UAE and China will continue to surge in the coming years as a result of the strong economic relations between the two countries, despite a temporary setback caused by the effects of the COVID-19 pandemic crisis.
Brazil is one of the largest trade partners of the Arab countries and the trade volume between Brazil and Arab states has witnessed significant growth in the recent years.
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of a year disrupted by COVID-19.
The UAE was ranked among the 20 leading countries in 16 global competitiveness indexes related to foreign trade in 2020, marking a new achievement and consolidating the country’s status as a key centre of international trade.
China’s factory activity grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production.
Turkey’s official inflation rate eased to 84.4 per cent in November, its first fall in 17 months, in a sign that the economic upheaval caused by President Tayyip Erdogan’s unorthodox policies
The Sharjah Entrepreneurship Center (Sheraa), has announced two exciting opportunities for emerging entrepreneurs and startups to pitch their ideas to investors
In its report on the economic impact of cities, the council said that Dubai surpassed Doha and London, with tourists spending $16.8 billion and $16.1 billion, respectively, in the two cities.
The representatives of the thirteen members of the Opec led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.