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Trade news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Corn harvest season in Zhangye, Gansu Province. China has trained 10,000 agricultural officials and staff from 22 Arab League member countries

China and Arab states sign $471m worth of agri deals

A total of 34 deals worth AED1.73 billion ($471 million) were signed at the China-Arab States Expo, promoting cooperation and development in the agricultural sector. Agriculture has become an important part of China-Arab cooperation, and trade in agricultural products has recorded steady growth, the UAE state-run Wam news agency reported, citing the China Economic Net […]

Cuisine in India and the Middle East is ‘incomplete without spices’, said Indian minister Piyush Goyal

India-Middle East-Europe corridor to revive spice route

Indian spices and spice products are likely to be the first commercial products to find their way through the new India-Middle East-Europe Economic Corridor (Imec), an Indian minister has said. Imec, announced last month at the G20 summit in New Delhi, India, aims to integrate railway routes and link ports along a route from India […]

Tomislav Momirovic, Serbia’s trade minister, with his UAE counterpart Dr Thani bin Ahmed Al Zeyoudi at the trade talks

UAE-Serbia talks begin in Dubai as trade speeds up

“I want to have Dubai as a base for my business and innovation,” says Novak Djokovic. “I love the champion mentality.” The world tennis number one, arguably Serbia’s most famous son, describes the emirate as his “second home”. Emirati officials, who launched trade talks with the European country on Monday, will be hoping Djokovic’s compatriots […]

UAE ambassador to France Hend Al Otaiba (second from right) takes part in the opening ceremony for the Dubai Chamber office in Paris

Dubai Chamber opens offices in France and Italy

Dubai has opened new representative offices in Paris and Milan as part of the UAE’s ambitions to build trade and investment opportunities with the European Union. Dubai International Chamber made the move on the back of more than $53 billion of trade between the UAE and Europe last year, up $11 billion on 2021. The […]

The relationship between Hainan and the UAE resulted in bilateral non-oil trade more than doubling in 2022 to $900m

UAE boosts trade ties with China’s Hainan province

The UAE and China’s Hainan province have signed four major private sector agreements to boost bilateral trade and investment ties. The agreements include a memorandum of understanding between Ajlan & Bros Holding, Hainan Airlines Holding and Yangpu Economic Development Zone Management Committee and a cooperation framework agreement between Dubai Integrated Economic Zones and Hainan Airport […]

Northern Ireland Gulf trade

Northern Ireland keen to deepen trade ties with Gulf

The recent Brexit deal for Northern Ireland places it in a strong position to deepen trade links with the Middle East and North Africa (Mena), especially in manufacturing and life sciences, according to the regional head of Invest Northern Ireland.  The economic development agency aims to grow the number of Northern Irish businesses active in […]

The Abraham Accords signing on September 15, 2022 Video length: 06:36

Abraham Accords – 3 years on, $3 billion in trade

An Israeli politician has described how the Abraham Accords, signed three years ago today, have “opened a floodgate to, hopefully, a new Middle East”. Fleur Hassan-Nahoum, deputy mayor of Jerusalem, tells AGBI in an exclusive video interview that the agreement signed at the White House on September 15 2020, is transforming Israel’s relations with the […]

Hong Kong chief executive John Lee (centre) visited Dubai’s Museum of the Future in February

Hong Kong thrives as GCC-China ‘super-connector’

As Hong Kong prepares to host the Belt and Road Summit this week, its focus is increasingly turning to the Gulf for trade and investment opportunities.  The Chinese special administrative region has been strengthening its links with the Middle East since 2013, when the Belt and Road Initiative was launched. It now wants to attract […]

Saudi investment minister Khalid Al Falih and Indian commerce and industry minister Piyush Goyal address the India Saudi Investment Forum in New Delhi

PIF to open Indian office as part of $100bn investment drive

Saudi Arabia’s Public Investment Fund (PIF) is planning to set up an office in India’s Gujarat International Finance Tec-City (Gift City), as part of the kingdom’s plan to invest $100 billion in the world’s fifth largest economy. Gift City is a special economic zone located in Gandhinagar in the Indian state of Gujarat, offering various […]

Mubadala CEO Khaldoon Al Mubarak. Mubadala is on the way to becoming one of the world's biggest credit investors

Mubadala’s Beijing office to deepen UAE-China ties

Mubadala Investment Company, the second-biggest state fund in Abu Dhabi, has officially opened an office in Beijing. The move marks a significant development in the growing economic relations between the UAE and the world’s second largest economy. The sovereign fund entered China a few years ago but had to delay its office opening ceremony due […]

UAE exports to Egypt are set to increase after the two Arab countries signed a revolving loan facility of $100 million

UAE exports to Egypt given $100m financing boost

The UAE’s exports to Egypt are set to increase after the two Arab countries signed a revolving loan facility of $100 million. Abu Dhabi Exports Office (Adex), the export-financing arm of the Abu Dhabi Fund for Development, has signed a financing agreement with the National Bank of Egypt to reinforce bilateral trade and economic relations. […]

A Brazilian delegation headed by Alexandre Cordeiro Macedo (third from left), president of the Administrative Council for Economic Defence, visited the UAE this week

UAE and Brazil boost non-oil trade with partnership

The UAE and Brazil have launched a partnership to exchange economic expertise and build on non-oil bilateral trade of $4.3 billion in 2022. The initiative is part the UAE’s Government Experience Exchange Programme that welcomed a Brazilian delegation to the Emirates earlier this week. Abdullah bin Touq Al Marri, the UAE’s minister of economy, said […]

Anwaar-ul-Haq Kakar

Pakistan reveals Saudi investment of $25 billion

Saudi Arabia will invest up to $25 billion over two years in Pakistan, according to a statement from Pakistan’s caretaker prime minister Anwaar-ul-Haq Kakar.   The announcement was made to journalists at Mr Kakar’s residence in Islamabad, citing mining, agriculture and information technology as the main sectors to benefit.  There was no Saudi statement about the […]

Saudi Arabian investment minister Khalid Al Falih and Italian business minister Adolfo Urso at the Italian-Saudi Investment Forum in Milan

Italian companies urged to make Saudi their ‘second home’

Saudi Arabia has invited top Italian companies to make the kingdom their “second home” as both countries aim to boost investment and trade levels. The Italian-Saudi Investment Forum, which brought together policy makers, business leaders and innovators, witnessed the signing of 21 memoranda of understanding (MoUs) and investment agreements. They covered sectors including clean energy, […]

Damien O’Connor, New Zealand’s minister of trade and export growth and Dr Thani bin Ahmed Al Zeyoudi, the UAE’s minister of state for foreign trade

UAE and New Zealand plan Cepa to build non-oil trade

When Auckland-based startup Exsurgo joined the Hub71 technology park in Abu Dhabi it was a potential sign of things to come in the UAE-New Zealand trade relationship. Exsurgo has raised $10.5 million and aims to provide non-pharmaceutical treatments for neurological conditions through the use of neuroscience and data analytics. Last week, two months after Exsurgo’s […]

UAE non-oil foreign trade

Turkish deals help UAE hit non-oil foreign trade record

Bilateral trade between the UAE and Turkey recorded one of the highest growth rates in the first half of 2023, rising 87.4 percent annually. The massive growth helped the UAE’s non-oil foreign trade reach a record high of AED1.239 trillion ($337.33 billion) in H1 2023, an increase of 14.4 percent year on year, the Ministry […]

Set up companies Qatar

Qatar kicks back after post-World Cup slump

There has been a rise in international companies considering a move to Qatar following a post-World Cup slump. Experts believe the spike in interest is partly due to the UAE’s decision to introduce corporate tax as well as an update to Qatar’s Single Window system, which was launched in 2019 to help companies set up […]

Khalid Al Falih, Saudi's investment minister, will also attend the Cernobbio economics forum on the trip to Italy

Saudi minister Al Falih heads to Milan for trade talks

Saudi Arabian and Italian officials are to meet in Milan next week for talks on investment opportunities in clean energy, healthcare, manufacturing and hospitality. The Ministry of Investment of Saudi Arabia will co-host the Italian-Saudi Investment Forum on September 4, as the countries seek to build on bilateral trade that surpassed $11 billion last year. […]

Chinese ambassador Zhang Yiming said China and the GCC are putting the final touches on a trade agreement

Middle East moves closer to China with comms deal

China’s Guodong Network Communication Group has raised $150 million from a Middle Eastern sovereign wealth fund in a further sign of strengthening relations between Beijing and the region. The proceeds will support the expansion of Guodong’s communication base stations, Reuters reported, citing a statement from Guodong’s deputy general manager Ji Xiaoling. The statement did not […]

A credit insurance deal with an affiliate of petrochemicals company Tasnee could boost Saudi non-oil exports

New Saudi bid to turn around sliding non-oil trade

Saudi Arabian non-oil trade exports, which have declined in the wake of oil production cuts, could get a boost via a credit insurance deal agreed this week with an affiliate of petrochemicals company National Industrialization Co (Tasnee).  The initiative, provided by the Saudi Export-Import Bank (Saudi EXIM Bank) through Evonik Tasnee Marketing, protects against the […]

Saudi Arabia's foreign minister Faisal bin Farhan Al Saud at the 2023 Brics Summit. The country will join the bloc in 2024

New Middle East members expand Brics reach

Four Middle East countries are to join the Brics bloc of developing countries, bridging regional political divides and signaling increased Chinese influence around the world. The new memberships of Saudi Arabia, Iran, the United Arab Emirates and Egypt, as well as those of Argentina and Ethiopia, will be effective from 2024.  The decision to add […]