Economy & Trade

Abraham Accords Leading To UAE-Israeli Investments

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US VC firms able to exit Israeli projects with Gulf investment capital The Abraham Accords  – a combination of peace and trade directives aimed at encouraging greater links between Israel and the Gulf States, are starting to deliver concrete results. The UAE became the first Gulf state to normalize relations with Israel under a US-brokered […]

Saudi Arabia, China Working Closely Together In Artificial Intelligence Life Management Applications

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Riyadh could develop as an AI hub serving the Middle East and Central Asia   While Xi Jinping’s State Visit to Saudi Arabia last week gained a great deal of attention, it is actually a rather smaller Saudi-Sino deal agreed a couple of months earlier that may yet prove to have the longer lasting implications.

UAE Begins Fast Track Talks Over Eurasian Economic Union Free Trade Agreement

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Bilateral trade Up 60% as Russian & EAEU Businesses Eye Dubai and Abu Dhabi Opportunities The Eurasian Economic Union (EAEU) countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia have approved the commencement of talks to conclude a free trade agreement between the EAEU and the United Arab Emirates (UAE).

Saudi Arabia, China, Expected To Strengthen Trade & Development Ties During Xi’s Presidential Visit

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China’s President Xi Jinping arriving in the Saudi Arabian capital Riyadh today (Wednesday, December 7) on a long-awaited visit. Saudi Arabia is giving Xi full state pageantry and the possibility of multiple agreements expected to cement ties between China and Saudi Arabia. The two countries signed off a massive, ‘Strategic Partnership Energy Agreement’ earlier this […]

The UAE Launches A.I. Based Employment Contract Registrations

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The UAE Ministry of Human Resources and Emiratisation (MoHRE) has launched an automated system to complete employment contracts without human intervention.

Turkey’s Pre-financing Project for Exporters

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Good news for Turkish based manufacturing exporters   By Selim Ural, Kulat Law Firm, Istanbul   The Turkish Minister of Trade Mehmet Mus, has stated that the Ministry has developed a model for pre-financing and collateral with the participation of Türk Eximbank and Export Development Inc. (İGE AŞ) under the coordination of the Ministry of […]

New Saudi Airport To Be Amongst World’s Biggest

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Designed to handle 120 million travellers by 2030 and boost Riyadh’s position as a global logistics, tourist and transport hub  Saudi Arabia Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz unveiled a new airport masterplan for the capital, Riyadh today (Monday, November 28).

Saudi Arabia & the UAE Eye BRICS Memberships: Implications

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The Russia-Ukraine conflict accelerated a global trend aimed at creating an economic and financial universe parallel to the existing system. We have in the past highlighted the possibility of the GCC countries joining the BRICS grouping of Brazil, Russia, India, China and South Africa, whose population together constitute 41 per cent of the world. These […]

East-West Divides Reappear As Qatar Faces Intense Criticism Over FIFA World Cup Finals

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By Chris Devonshire-Ellis   So, which came first? The chicken or the egg? Such a question may also be asked of the latest version of FIFA’s increasingly tawdry World Cup Soccer Finals, where Western criticism from both political and intense media coverage has begged the question: Which came first? Qatar applying to host the World Cup, […]

China Cargo To Turkiye Reaches 9.9 Million Tonnes Over 10M 2022

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Turkish ports handled 9.9 million tons of cargo from China from January through October 2022, the Ministry of Transport and Infrastructure of Türkiye has said.

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