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.
Toyota and Hyundai embarrassed billionaire Elon Musk with going ahead with hydrogen fuel cells cars.Tesla founder Musk earlier described hydrogen fuel cells as "absolutely ridiculous and illogical".
The face of the $20.51 trillion global banking industry and the payment industry is changing rapidly due to the Open Banking revolution
Pakistan’s real estate enterprise Zameen.com, organisers of the Pakistan Property Event Dubai, displayed Dh5.5 billion worth of properties which attracted over 10,000 Pakistanis,