Economy & Trade

An Overview Of The Abu Dhabi Vision 2030

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The Abu Dhabi Vision 2030 is a set of policies and goals developed in 2006 by the Government of Abu Dhabi to start a safe and secure society with a sustainable economy. The Government’s policy agenda was published in 2007 and the Abu Dhabi Vision 2030 is considered the roadmap for the emirate’s economic progress.

Investing In India’s Halal Market: The World’s Third Largest Muslim Consumer Base

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India has the world’s third largest Muslim population at more than 170 million and presents huge market opportunities for halal-based entrepreneurs. One estimate puts the global Muslim market at US$7 trillion, with the halal food market valued at an estimated US$1.7 trillion and halal cosmetics US$75 billion.

Iran, China, India & Russia To Create Regional Aviation Maintenance Hub

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Four-party collaboration to manufacture spare parts and provide certified repairs to national aviation fleets and develop new aircraft  The Civil Aviation Organization of Iran (CAO) has announced that it will form a consortium with India, China, and Russia to set necessary standards for aircraft repair services.

How Businesses Are Expected to Gain from the India-UAE CEPA

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We briefly examine contents of the speedily finalized India-UAE CEPA and identify key beneficiaries of the trade deal. The CEPA came into effect May 1, 2022, and aims to grow two-way annual trade to US$100 billion – up from US$60 billion – in the next five years. At the outset, elimination of the UAE’s five […]

The Gulf Cooperation Council’s Trade and Investment Ties with India

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India’s trade and investment relationship with the Gulf Cooperation Council (GCC) member states – UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain – has strong foundations, driven by India’s historical linkages with the region, India’s dependence on Gulf energy exports, and the Gulf dependence on India for food security and agricultural exports. Most GCC member […]

The 2022 United Arab Emirates – China Bilateral Trade and Investment Relations

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China is among the UAE’s top commercial partners over the last five years, with rapid growth recorded in bilateral investments and trade. The world’s largest container operator, China’s COSCO Shipping Limited, has chosen Khalifa Port as the base of its Middle East operations. The UAE has fully backed China’s Belt and Road Initiative, setting up […]

Saudi Arabia’s Red Sea Development Project Begins To Take Shape

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The Saudi Arabia Red Sea Development Company  has begun to show the fruits of the five years of hard work it has put into creating an up market Red Sea tourist resort, as part of the Saudi Vision 2030 national development plan. The image shown above is part of the Nujama Ritz-Carlton Reserve, scheduled to […]

IMF Says Saudi Arabia’s Economy Growing Faster Than United States

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The International Monetary Fund (IMF) has said that high oil prices will likely drive Saudi Arabia’s economic growth to outpace that of the United States this year. In a report published on August 17, the IMF predicted that the kingdom’s GDP will grow by 7.6% in 2022, the fastest rate of expansion in nearly a […]

Establishment Procedures For Russian Companies Investing In The UAE

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With a pending Russia-UAE free trade agreement, using the Emirates as a base to reach out to the Middle East, Africa & South Asia is a growing trend.    Establishing a company in the United Arab Emirates (UAE) may pave the way for a complete change of direction in your business life and professional environment. The […]

The Halal Market In China: Certification Processes

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While China is not considered a major halal food manufacturing hub, halal food and drinks production has witnessed great growth in China. In this article, we introduce what is Halal, the motives for a business to get a halal certification, and the procedures to get a halal certification in China.

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