Search result for: UAE Ports
The UAE and Peru have revealed their plans to commence discussions for a free trade agreement later this year. This announcement, made during a World Trade Organization meeting in Abu Dhabi, follows Peru’s recent decision to establish an embassy in the UAE. Notably, the two nations have previously inked various agreements, including an aviation pact […]
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 […]
In Dubai, food prices in the UAE have remained relatively stable despite the ongoing uncertainties surrounding the Red Sea situation. Local traders and retailers indicate that consumer prices across various food categories are expected to remain unchanged leading up to Ramadan. To secure stable prices, local traders have expedited their orders and confirmed shipment deliveries, […]
In Abu Dhabi on Tuesday, Prime Minister Narendra Modi engaged in comprehensive discussions with UAE’s President Sheikh Mohamed bin Zayed Al Nahyan. They reviewed their strategic partnership, explored new areas of collaboration, and witnessed the signing of several agreements, notably a bilateral investment treaty. In a special gesture of warmth, President Mohamed bin Zayed personally […]
Deliveroo UAE Reports Significant Growth in On-Demand Grocery Services. Deliveroo UAE has announced a notable increase in its on-demand grocery services, showcasing a remarkable surge in grocery order volumes year-over-year. In 2023, the number of on-demand grocery (ODG) sites doubled across the UAE, with Dubai witnessing a 62% growth in grocery orders and Abu Dhabi […]
Joby Aviation, Inc. (NYSE: JOBY), a company specializing in all-electric aircraft for commercial passenger service, has officially announced a definitive agreement with Dubai’s Road and Transport Authority (RTA) to launch air taxi services in the Emirate by early 2026, with initial operations targeted for as early as 2025. The agreement, inked at the World Governments […]
The United Arab Emirates is currently engaged in advanced discussions to acquire and develop a sizable parcel of land on Egypt’s Mediterranean coast, potentially offering a significant boost to the troubled economy of the North African nation. According to an Egyptian official cited by CNBC Arabia on Wednesday, a consortium from the UAE has been […]
The UAE, Saudi Arabia, and Qatar maintain their positions among the top 10 emerging markets for logistics worldwide, with improvements or stability in key areas, while neighboring Oman, Bahrain, and Kuwait have witnessed declines in their rankings. In the 15th annual Agility Emerging Markets Logistics Index, which evaluates 50 markets globally for overall competitiveness in […]
Trade between India and the UAE involving commodities such as gold is now settled in rupees, according to an anonymous official familiar with the matter. The Reserve Bank of India’s decision in July 2022 to allow the settlement of India’s international trade in rupees has facilitated this arrangement. In December 2022, gold imports saw a […]
As geopolitical tensions escalate in the Red Sea, businesses in the United Arab Emirates (UAE) and Saudi Arabia are facing the impact of increased shipping costs and extended delivery times from Europe. Recent military actions by the US and the UK against Houthi targets have triggered a surge in shipping costs, particularly on routes from […]
