Riyadh: The UAE and Kenya have finalized negotiations on a trade agreement aimed at enhancing investment flows in logistics, healthcare, and travel and tourism between the two nations. According to a press release, the Comprehensive Economic Partnership Agreement will improve market access for businesses on both ends. Investments in infrastructure and ICT sectors are expected […]
Dubai: UAE consumers, spanning across generations from Gen Zs to Millennials and beyond, are increasingly embracing digital transactions, while larger enterprises have long adopted digital payment methods. Now, the focus is on urging the significant base of SMEs in the UAE to expedite their transition from cash to digital payments. This is where the recently […]
Envision a bridge not constructed of steel or stone, but rather built upon ambition and partnership, spanning the sandy expanses between Pakistan and the United Arab Emirates. This symbolic bridge, conceived during the Pakistan Middle East Trade Development Conference 2024 in Dubai, heralds the dawn of a new era brimming with trade prospects for Pakistani […]
The second plenary meeting of the UAE-France High-Level Business Council was co-chaired by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Mr. Patrick Pouyanné, CEO of TotalEnergies, in Paris. Joined by H.E. Bruno Le Maire, French Minister of Economy, Finance, and Digital Sovereignty, both sides reaffirmed their commitment to […]
Abu Dhabi is poised to host the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) from February 26-29, as announced in a media release on Thursday. This conference serves as a pivotal event, convening ministers and senior officials worldwide to deliberate on the regulations governing international trade. With 175 Member States participating alongside […]
Australia and the United Arab Emirates are poised to finalize a free-trade agreement by the end of this year, according to Trade Minister Don Farrell. He mentioned that discussions with the European Union and India would be postponed until after the elections. Farrell is scheduled to visit the UAE this weekend for negotiations on the […]
In the UAE, authorities identified 33,000 instances in 2023 where companies failed to fulfill salary payments to employees via the Wage Protection System (WPS). The Ministry of Human Resources and Emiratisation (MoHRE) disclosed that it applied “administrative penalties” against these companies. The ministry did not specify the exact nature of these administrative penalties or the […]
Dubai: In a strategic maneuver aimed at enhancing bilateral business connections between the UAE and Germany, the International Free Zone Authority (IFZA) has forged a partnership with the Bundesverband Mittelstandische Wirtschaft e.V (BVMW), the German Federal Association of Small and Medium-Sized Businesses. Serving as the official representative of BVMW in Dubai, IFZA will establish an […]
Banks operating in the United Arab Emirates (UAE) have imposed limitations on their interactions with Russia and have initiated closures of both individual and corporate accounts due to concerns about potential exposure to secondary sanctions. According to reports from Vedomosti, a Russian news outlet aligned with the Kremlin, citing information from businessmen active in the […]
Unicommerce, a SaaS platform preparing for an IPO, is expanding its global presence by acquiring additional clients, a senior official stated on Tuesday. With an existing clientele of 46 companies across Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia, Unicommerce aims to further enhance its operations in these markets by onboarding new clients. Among […]