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
Factory activity shrank in most Asian countries in June as the simmering US-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.
The government of Pakistan set an import target of more than $53.66 billion for the next fiscal year whereas petroleum group was set with the highest import target of more than $15 billion.
A broad index of stocks around the world edged higher on Thursday as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest-rate cut, though concerns about global trade tensions capped gains.
China is keeping all its economic policy tools within reach as the trade war with the United States gets longer and costlier, but still sees more aggressive action like interest rate cuts as a last resort should the dispute get uglier, policy sources say.
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
The UAE is the major trade partner to Vietnam in the Middle East and North Africa while Vietnam is the key trade partner to the UAE in the South East Asia, with two-way non-oil trade reaching $10.4 billion in 2017, a growth of 18 per cent as compared with 2016, according to Sultan Bin Saeed Al Mansouri, Minister of Economy.
Win-win B2B (Business-to-Business) cooperation and enhanced P2P (People-to-People) contacts should follow the foundational G2G (Government-to-Government) phase of China Pakistan Economic Corridor (CPEC) to take the historic megadevelopment project to the next level.
Etihad Credit Insurance (ECI), the UAE Federal Credit Insurance Company has signed a Memorandum of Understanding (MoU) with the Jordan Loan Guarantee Corporation, JLGC, to explore, develop and strengthen the trade relationship
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), welcomed a high-level delegation from the Swedish Council for Trade and Investment, headed by Henrik Landerholm, Ambassador of the Kingdom of Sweden to the UAE.