New Traders Market To Open in Jebel Ali Free Zone Area
Global trade enabler DP World and the Zhejiang China Commodities City Group have signed an agreement to build a new ‘Traders Market’ at DP...
Designated Zones in UAE for VAT Exemption Revealed
The Ministry of Finance has clarified the details of Cabinet Decision No. (59) of 2017 on Designated Zones for the purposes of the Federal...
2016 Global trade forecast revised downward
The World Trade Organization on Thursday, April 7, revised its 2016 global trade forecast downward by more than one percentage point, warning that a...
Dubai Film Market launched
The Dubai International Film Festival (DIFF) announced today the launch of the Dubai Film Market. The new initiative is in accordance with DIFF's commitment...
Diamond and Gold Trade Exempted from VAT as Demand Halves
The UAE Cabinet has adopted a law to introduce the VAT Reversed Charge mechanism for investors in gold, diamond and precious metals, meaning that...
Dubai’s Foreign Trade in IT & Telecoms Doubles in Ten Years
Statistics released by Dubai Customs, in conjunction with Gitex Technology Week 2019, showed that Dubai almost doubled its foreign trade value in IT and...
Dubai external trade with foreign countries valued at 235 bln dirhams
Emirate of Dubai’s non-petroleum direct international trade shot up 30% equivalent to more than AED 235 billion in the end of the first quarter...
ASEAN Market Now More Accessible than European Union, United States
Increased integration into the global economy of the economies that comprise the Association of Southeast Asian Nations (ASEAN) has made the region a more...
UAE best positioned to enjoy potential upside in Iranian trade volumes
Iran has been subject to sanctions since the Islamic Revolution in 1979 and its 36-year isolation may be soon coming to an end. Therefore,...
Excise Tax to Go into Effect on October 1, 2017
The planned Excise Tax is set to go into effect at the beginning of October 2017, announced the Federal Tax Authority (FTA) at a...
Historic Diamond unveiled in Dubai
First public unveiling of 478 carat diamond jointly hosted by DMCC and Letšeng Diamonds
Dubai Multi Commodities Centre (DMCC) and Letšeng Diamonds today hosted...
World Free Zones Organization to Boost Free Zones’ Role in Global...
New ‘Free Zone Laboratory’ designed to develop free zone operations led by industry experts. In a first of its kind initiative aimed at empowering free...
Growth opportunities for gold trade highlighted at DMCC Gold Convention
1. More than 150 regional and international industry professionals participate in one-day event
2. Dubai strengthens ‘City of Gold’ status amid challenging global conditions
3. Dubai...
Re-introduction of Iran to global supply chains a mixed blessing for...
Supply chain risk in MENA continued to hover at historically high levels in Q4 2015, with Iran’s imminent re-introduction to global supply chains encouraging...
Dubai Wholesale City to become the largest trade hub worldwide
The largest global wholesale hub launched today in the UAE, Dubai Wholesale City, is set to span over 550 million sq. feet, with an...
Brazil’s Q1 2021 Exports to Arab World Soar USD 2.91 Billion...
Brazil’s exports to the Arab region soared 22.5 percent in volume during the first quarter of 2021 to reach USD 2.91 billion, up 18.2...
Younger Tech-Savvy MENA To Raise E-Commerce Spend by 15% in 2023
100 million new digital users are expected in MENA over the next five years.
The region’s digital economy is expected to be valued at $500...
Dubai Exports facilitates five billion dirhams worth of exports
Dubai Exports, the export promotion agency of the Department of Economic Development in Dubai, has closed a highly successful year, facilitating five billion dirhams...