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Dubai Multi Commodities Centre

Dubai Multi Commodities Centre News

A Colombian grower picks coffee fruits at a plantation in Pueblorrico. Only Brazil and Vietnam produce more coffee

Coffee fuels growth plans for UAE-Colombia trade

The UAE finalised the terms of a trade deal with Colombia on Saturday as a Dubai free zone is also targeting growth with the commodities-rich nation. The comprehensive economic partnership agreement (Cepa) is the first bilateral trade deal between the Gulf and South America. Dubai Multi-Commodities Centre (DMCC) brought its Made for Trade Live roadshow […]

The superpowers' preoccupation with domestic affairs in 2024 is not expected to have a major negative impact on Middle East businesses

US-China tensions among risks facing Middle East

The divide between China and the US is one of the top five global risks facing businesses in the coming year, according to consultancy Control Risks.  But commentators said the Middle East would continue to engage economically and politically with both superpowers, with little negative impact on trade flows.  Control Risks’ annual “RiskMap” forecast highlights […]

A Zimbabwean farmer inspects his maize crop. Agricultural trade is growing as the UAE diversifies its food sources

Zimbabwe sharpens focus on trade with UAE

The UAE could soon rival South Africa as Zimbabwe’s largest trading partner as the southern African country competes to attract more foreign investment. Zimbabwe is working to develop a number of sectors with the UAE, including agriculture, mining and energy, to build on the $2 billion bilateral trade registered last year, Lovemore Mazemo, Ambassador of […]

UAE Swiss trade Julien Thiel, CEO of Deasyl (left) and Yousif bin Saeed Lootah, CEO of Lootah Biofuels Lootah Biofuels enters into a partnership with the Swiss Deasyl during ADIPEC

UAE-Swiss trade golden age adds technology to luxury

The trade relationship between the UAE and Switzerland is enjoying a golden era, with the European nation now the top non-oil destination for Emirati exports. Gold, jewellery and luxury watches traditionally dominated non-oil bilateral trade but innovation is growing in importance, according to Swiss Business Hub Middle East. It said that technology was increasingly important […]

Dubai's Virtual Assets Regulatory Authority said that Bored Gen DMCC, the company behind Islamic Coin, lacks proper licensing

Dubai regulator halts unapproved crypto sale

Dubai’s Virtual Assets Regulatory Authority has halted the sale of Islamic Coin (ISLM), a crypto token touting its adherence to sharia and ethical principles. The intervention demonstrates the emirate’s balance of innovation and regulatory oversight, say legal insiders. In a market alert, Virtual Assets Regulatory Authority (Vara) highlighted that Bored Gen DMCC, the fintech software […]

Starzplay CEO Maaz Sheikh Video length: 5:59

UAE streamer Starzplay is ‘not chasing Netflix’

Video-on-demand service Starzplay is capitalising on its sports and Arabic content offering to attract subscribers and increase revenues.  The UAE-based platform was acquired by e& subsidiary E-vision and Abu Dhabi holding company ADQ last year. It has 2.9 million subscribers across 19 countries in the Mena region and Pakistan. Competitors such as Netflix and Dubai-based […]

InterMilan fans celebrate, football, Italy

Saudi football is no threat, say major Euro leagues

Two of Europe’s top leagues have shrugged off the challenges posed by Saudi Arabia’s billion-dollar emergence onto the global football scene. Italy’s Serie A and Spain’s LaLiga told AGBI the kingdom’s quest to sign up some of the best talent in the sport will have no bearing on plans to increase their own market share […]

Elie Khouri UAE Spain trade

Deals surge as trade between Spain and UAE increases

Barcelona outdoor furniture brand Kettal will enter the UAE luxury living market next year in an agreement with family office Vivium Holding, as UAE-Spain trade rose sharply in early 2023. Vivium Holding will exclusively distribute Kettal’s premium collections, with plans to open a flagship store in the UAE in 2024. Elie Khouri, founder and CEO […]

The free trade agreement was signed in May 2022 by the two countries' economy ministers: Orna Barbivai of Israel and the UAE's Abdulla bin Touq Al Marri

Gem of a deal: how Accords unified UAE and Israel

It is almost three years since the Abraham Accords brought together the UAE and Israel in a partnership in which trade was always central to the proposition. Amir Hayek, a former president of Israel’s hotel association, was appointed Israel’s ambassador to the UAE in a nod to the importance of economic diplomacy. A free trade agreement […]