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    China’s cross-border e-commerce grows by 10.8 per cent last year

    China’s cross-border e-commerce grows by 10.8 per cent last year

    16 Jan 2025

    Cross-border e-commerce in China recorded a growth of 10.8 per cent in 2024, according to data released by the Chinese Ministry of Commerce.China Central Television (CCTV) reported that the country’s...

    FTA launches world’s first tax refund system for e-commerce retail purchases for tourists

    FTA launches world’s first tax refund system for e-commerce retail purchases for tourists

    16 Dec 2024

    The Federal Tax Authority (FTA) announced the launch of a new VAT refund system for E-Commerce Retail Purchases for tourists during their stay in the UAE, which is considered the...

    DIEZ’s Tradeling signs deal to buy Axiom’s distribution business

    DIEZ’s Tradeling signs deal to buy Axiom’s distribution business

    15 Dec 2024

    Tradeling Holding, the B2B e-commerce entity of the Dubai Integrated Economic Zones Authority (DIEZ), has signed a definitive agreement to acquire the Mena distribution business of Axiom Telecom.The signing, witnessed...

    Global E-commerce sales set to surpass $6.4 trillion this year

    Global E-commerce sales set to surpass $6.4 trillion this year

    05 Dec 2024

    Participants at the WORLDEF Dubai 2024 forum, held at Dubai CommerCity, emphasised the importance of e-commerce as a pivotal sector for economic growth in the region. They pointed to the...

    India’s CB to announce key monetary policy tomorrow

    India’s CB to announce key monetary policy tomorrow

    07 Oct 2024

    The Reserve Bank of India (RBI) will announce its key monetary policy tomorrow (Wednesday), October 9th. The RBI will hold its three-day monetary policy meeting from Monday to Wednesday. All...

    Over 103,500 participants attended FTA’s 260 awareness events

    Over 103,500 participants attended FTA’s 260 awareness events

    01 Sep 2024

    The Federal Tax Authority (FTA) revealed that more than 103,500 participants have attended the 260 in-person and virtual awareness events it had organised in 2023 and the first half of...

    DP World’s revenue grows by 3.3% to $9.3 billion in first half of 2024

    DP World’s revenue grows by 3.3% to $9.3 billion in first half of 2024

    15 Aug 2024

    DP World Limited on Thursday announced resilient financial results for the first six months to 30 June 2024. On a reported basis, revenue grew by 3.3% to $9,335 million ($9.3b)...

    Sharjah Islamic Bank successfully issues $500 million sukuk

    Sharjah Islamic Bank successfully issues $500 million sukuk

    27 Jun 2024

    Sharjah Islamic Bank (SIB) successfully closed a $500 million sukuk in the international capital markets on Wednesday. The issuance received tremendous response from international investors, attracting orders that peaked at...

    UAE maintains status among top 3 global commodity trading hubs

    UAE maintains status among top 3 global commodity trading hubs

    22 May 2024

    The United Arab Emirates has once again cemented its leading position as a global commodity trading powerhouse, maintaining its second-place ranking in the Commodity Trade Index presented in the Future...

    Dubai Multi Commodities Centre registers 2,692 new companies in 2023

    Dubai Multi Commodities Centre registers 2,692 new companies in 2023

    11 Mar 2024

    Dubai Multi Commodities Centre (DMCC) on Monday published its 2023 Annual Report and confirmed its second-best year on record as companies continue to flock to its business district. ...

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