Economy & Trade

How Middle Eastern Investors Can Access The Halal Consumer Market in Malaysia

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Home to some 16 million Muslims, Malaysia is a leading market in Southeast Asia for the production and consumption of halal products. Malaysia’s halal products have an annual export value of 35.4 billion ringgit (US$7.46 billion), or 5.1 percent of the country’s exports, as it is a key supplier for countries with large Muslim populations, […]

Hundreds Of Global Tech Firms Setting Up In UAE

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New moves by global new and hi tech businesses to make the UAE a regional development and sales hub under the NextGenFDI Initiative amongst attractive start up incentives and a huge regional market  Dozens of international companies are primed to set up home in the UAE amid a major drive to cement the country’s status […]

Turkiye’s Exports Have Reached the Highest Export Levels in the Country’s History

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By Selin Ural, Kulat Law Office, Istanbul Turkiye’s Ministry of Trade has announced its foreign trade statistics for September 2022. According to the data, exports increased by 9.2% in September compared to the relevant month in 2021, reaching US$22.62 billion. This amount is the countries highest ever September export figure. Imports also increased by 41.5% […]

Iran’s Southern Bandar Lengeh Port Cargo Volumes Up 44.6% YoY

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The cargo volumes of loaded and unloaded goods at the Bandar Lengeh port of the Southern Iran increased by 44.6% in the period August 23 through September 22, 2022, compared to the same month in the last Iranian year, according to statistics of the Iranian Ports and Maritime Organization (PMO). Iran measures its calendar months […]

Will New UK Prime Minister Sunak Help Along The Pending UK-GCC Trade Deal?

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By Chris Devonshire-Ellis    The United Kingdom has a new Prime Minister in Rishi Sunak, the first time an ethnic India has held the role. Given both the UK’s and India’s close trade and economic ties, we look at the prospects for Sunak to deliver a meaningful trade agreement for the UAE.

UAE-India Trade and Investment Summary, YTD 2022

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Bilateral trade set to grow at US$5.6 billion per annum from 2022-2028 leading to tremendous opportunities for UAE and Indian exporters By Constantin Duhamel Introduction Traders since Antiquity Trade between the Indian peninsula and the Arabian Gulf has been a dominant feature of the world trade picture since Antiquity. Typically, precious metals from the Mediterranean […]

Dubai’s Jebel Ali Port And Free Trade Zone A Magnet For Indian Investors

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Dubai aims to assist India’s ‘Make in India’ programme by encouraging Indian exports worldwide      Dubai’s Jebel Ali Port (Jafza) and Free Trade Zone have critical roles to play in boosting UAE-India trade volumes to US$100 billion over the next five years, said the Port operator, DP World in a statement yesterday (Wednesday, October 19).

Why UAE Businesses Should Establish a Principal Hub in Malaysia

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Malaysia presents itself as an attractive principal hub for UAE-based businesses that are seeking to expand in ASEAN, offering a cost-effective alternative to Singapore. Malaysia offers a dynamic business environment, a productive workforce, and a well-developed infrastructure which is further supported by pro-business government policies. Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob with UAE […]

UAE, India Considering Mutual Currency Settlements

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Move to use Dirhams and Rupees will Dedollarise Bilateral Trade   An indication that Washington’s moves to use the US dollar and SWIFT banking networks as trade weapons are having the effect of motivating significant global economies wary of US dollar use is taking place with the latest to consider mutual currency settlements being the UAE […]

Türkiye & Qatar Sign New Trade Facilitation Deals

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Türkiye and Qatar have signed 11 new cooperation agreements, in meetings co-chaired by Turkish President Recep Tayyip Erdoğan and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani. The deals were signed at the eighth meeting of the Supreme Strategic Committee in Istanbul on Friday, The agreements cover cooperation in various fields, including diplomacy, media, trade, […]

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