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Egypt’s Non-Oil Trade Deficit Records $6.4B During Q1 of 2024: IDSC
EG >> 7/7/2024 - In the first quarter (Q1) of 2024, Egypt's non-oil trade balance deficit experienced a significant decrease of 22.9 percent, reaching approximately $6.4 billion.

This marks a notable improv...
Egypt's Annual Headline Inflation Eases to 35.2% in December: CAPMAS
EG >> 1/10/2024 - Egypt's annual headline inflation decelerated to 35.2 percent in December, down from 36.4 percent in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported .

...
World Bank Slightly Downgrades Egypt’s Growth Forecast for 2024
EG >> 1/9/2024 - The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate, according to the Global Economic Prospects report released .
IDSC Reports 15% Decline in Egypt’s Non-Oil Trade Deficit
EG >> 12/18/2023 - The cabinet’s Information and Decision Support Centre (IDSC) revealed in a report that Egypt’s non-oil trade deficit contracted by 15 percent to record 9.1 billion during the third quarter of 2023 com...
Minister of Economy Leads UAE Delegation to France to Develop Economic Partnerships
AE >> 9/26/2023 - An official UAE delegation led by Abdullah bin Touq Al Marri, Minister of Economy, will arrive in France this week to explore further development of economic partnerships between the two countries.
Egypt's Exports to US Shrink 9.1% in 2022: CAPMAS
EG >> 5/21/2023 - Egyptian exports to the United States declined by 9.1 percent to $2.3 billion in 2022 from $2.5 billion a year earlier, according to data released by the Central Agency for Public Mobilisation and Sta...
Egyptian Remittances from Arab Countries Decline in FY2021/2022: CAPMAS
EG >> 5/21/2023 - Egyptian expats’ remittances from Arab countries declined in fiscal year 2021/2022, while trade with these same countries increased over the 2022 calendar year, according to a statement from the Centr...
Why De-Dollarizing Egypt Is Easier Said Than Done
EG >> 5/17/2023 - Egypt has been considering importing wheat in exchange for foreign currencies other than the USD, including the Indian rupee and Chinese yuan, Minister of Supply and Internal Trade Ali Moselhi stated ...
UAE Supports Global Efforts to Promote Economic Integration
AE >> 3/14/2023 -  Abdullah bin Touq Al Marri, Minister of Economy, participated in the CII Partnership Summit 2023, which is being held in New Delhi, India, from 13th to 15th March under the theme "Partnerships for Re...
UAE, Saudi Non-Oil Trade Jumps 9 Percent to Over AED136 Billion in 2022
AE >> 2/22/2023 -  Preliminary data from the Federal Center for Competitiveness and Statistics indicates that non-oil trade exchange between the UAE and Saudi Arabia in 2022 experienced a growth rate of 9%, reaching AE...
Abu Dhabi Chamber, India's FICCI Explore New Areas of Collaboration
AE >> 2/16/2023 - M.A Yusuff Ali, Second Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), reaffirmed the solid relations between the UAE and India, saying,

“The UAE and India share a ...
CBE: US$ 4.1 Billion in Tourism Revenues During The First Quarter
EG >> 2/6/2023 - The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to record US$ 4.1 billion compared to US$ 2.8 billion during the same of last year.
UAE-Korea Business Forum Discusses Economic Cooperation and Investment Opportunities
AE >> 1/17/2023 - Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Korea International Trade Association (KITA), has organised the UAE-Korea Business Forum, which was attended by President Yoon Suk Y...
UAE a Trading Capital of The World: Thani al Zeyoudi
AE >> 1/8/2023 - Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said that the UAE continues to leverage its global presence by opening up to the world and expanding its network of trading partners...
Non-Oil Trade Exchange Between UAE And Cameroon Grew 33% Over Past Ten Years
AE >> 11/30/2022 - Non-oil trade exchange between the UAE and Cameroon grew by 33.5 percent between 2012 and 2021, reaching AED1.92 billion by the end of last year, compared to AED1.43 billion in 2012.

The to...
Sharjah Chamber Successfully Concludes Trade Trek in Kenya And Uganda
AE >> 11/20/2022 - The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Export Development Centre (SEDC), concluded its business mission to Uganda and Kenya, heading a delegation that included...
UAE Vice President: Non-Oil Trade at 1.58 Trillion Dirhams in H1/22
AE >> 8/22/2022 - The United Arab Emirates non-oil trade hit 1.58 trillion Dirhams in the first half of 2022, climbing by 17% from same period last year, the gulf country's vice president said on Monday in a tweet.
Value of Emirati-French Trade Totalled AED256.1 Billion Over 10 Years
AE >> 7/18/2022 - The ongoing growth in trade between the UAE and France underscores their strong economic partnership and deep-rooted relations, supported by their leadership.

The visit of President His Hi...
Dubai International Chamber Expands Latin America Presence With Opening of Mexico Office
AE >> 6/16/2022 - Dubai International Chamber has opened its new representative office in Mexico City as part of efforts to strengthen the Chamber's presence in Latin America and explore new avenues of bilateral econom...
UAE, Kyrgyzstan Establishing New Era of Economic Cooperation: Abdullah Al Marri
AE >> 6/1/2022 -  Abdullah bin Touq Al Marri, Minister of Economy, said the UAE and Kyrgyzstan are establishing a new era of economic cooperation led by their private sectors, which will double the value of their trad...
ECI Named Best Export Credit Agency At 2022 GTR Leaders In Trade Awards
AE >> 5/18/2022 - Etihad Credit Insurance (ECI), the UAE Federal export credit company, received the ‘Best Export Credit Agency’ award at the Global Trade Review (GTR) Leaders in Trade 2022 Awards.

The Lea...
Egypt’s Capital Inflows Fell by Half in FY2019/20 Amid Coronavirus Pandemic: CBE
EG >> 12/1/2020 - Net inflows of the capital and financial account dropped by half to $5.4 billion in FY2019/20, down from the $10.9 billion registered in FY2018/19, according to the Central Bank of Egypt (CBE).
Global Partnership Series Explores Avenues of UAE-Vietnam Economic Cooperation
AE >> 11/3/2020 - There is huge potential for the UAE and Vietnam to expand ties in renewable energy, trade, investment, logistics, maritime transportation, medical tourism and aviation, according to government officia...
UAE Gold, Diamond Trade in 2018 Totals AED258.4 Billion
AE >> 1/15/2020 - The value of the UAE’s trade in raw and semi-worked gold and diamonds in 2018 amounted to AED258.4 billion, which reinforced the country's position as a regional centre of the trade in the Middle East...
UAE and Egypt to Strengthen Trade Relations, Boost Bilateral Exports
AE >> 12/16/2019 - The UAE and Egypt have agreed to strengthen trade relations and boost bilateral exports between the two countries through a Memorandum of Understanding signed between Etihad Credit Insurance, ECI, the...
Vietnam-UAE Trade and Investment Forum Kicks-Off in Hanoi
AE >> 10/15/2019 -  The Vietnam-UAE Trade and Investment Forum kicked off in Hanoi in the presence of Sultan bin Saeed Al Mansouri, Minister of Economy, and Tran Tuan Anh, Minister of Trade and Industry of Vietnam.
...
Non-Oil Trade between UAE, Russia in Past Five Years Reached US$14.1 Billion: Ministry of Economy
AE >> 10/13/2019 -  Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, said that the value of non-oil trade between the UAE and Russia over the past five years amounted to US$14.1 b...
Ministry of Economy, US Delegation Discuss Ways of Enhancing Joint Economic Cooperation
AE >> 10/13/2019 - Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, and a United States delegation comprising officials and representatives of the business community in ...
UAE Delegation to Visit Vietnam Next Week
AE >> 10/9/2019 - The Ministry of Economy is organising the official visit of a senior commercial delegation to Vietnam, led by Sultan bin Saeed Al Mansouri, Minister of Economy, to discuss ways of reinforcing the econ...
Dubai’s Non-Oil Foreign Trade Delivers Solid Growth in H1-2019
AE >> 10/5/2019 -  Dubai recorded a non-oil foreign trade of AED 676 billion in the first half of 2019, an increase of 5 percent year-on-year from AED 644 billion in the corresponding half last year.

The fir...
Account Deficit Rose to $8.2 Billion in FY 2018/2019: CBE
EG >> 10/1/2019 - The Central Bank of Egypt has announced that the balance of payments recorded an overall deficit of $8.2 billion during FY 2018/2019, as the overall surplus of $1.7 billion during the second half of t...
UAE Ministry, Organisations Work Together to Boost Exports
AE >> 9/25/2019 - The UAE Ministry of Economy, MOE, and the UAE Federal Export Credit company, Etihad Credit Insurance, ECI, announced their joint commitment towards supporting UAE exporters and investors.

Thi...
UAE Ministry, Organizations Work Together to Boost Exports
AE >> 9/25/2019 - The UAE Ministry of Economy, MOE, and the UAE Federal Export Credit company, Etihad Credit Insurance, ECI, announced their joint commitment towards supporting UAE exporters and investors.

Thi...
UAE to Participate In 4th Summit of Belt and Road Initiative in Hong Kong
AE >> 9/10/2019 - An economic and trade delegation from the UAE will participate in the 4th Summit of the Belt and Road Initiative, which will be held in Hong Kong on 11th and 12th September, in the presence of governm...
Bahrain-Indian Trade Exchanges Soaring
BH >> 8/23/2019 - Aluminum topped Bahrain’s exports to India totaling $140. 3 million.

According to 2018 statistics, Bahrain imported industrial products and machinery worth $79.2 million.

India has b...
Dubai, Prague Build New Bridges of Economic Cooperation
AE >> 7/8/2019 - Public and private sector players attending the Czech-UAE Business Forum 2019 in Prague called for businesses in the two countries to explore new partnership opportunities in key sectors of mutual int...
UAE, Costa Rica Fostering Economic and Investment Cooperation.
AE >> 6/20/2019 - President Carlos Alvarado Quesada of the Republic of Costa Rica has received Ahmed Ali Al Sayegh, Minister of State, and his accompanying delegation during a visit to Costa Rica.

Minister Al ...
UAE to Participate In Africa Trade Week in Johannesburg
AE >> 6/19/2019 - A high-level trade and investment delegation organised by the Ministry of Economy under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, will participate at the Africa Trade Week...
UAE to Partake of Selectusa Investment Summit in June
AE >> 5/22/2019 - The UAE will take part in the 2019 SelectUSA Investment Summit on June 10 – 12, 2019, Washington, D.C.

The UAE delegation includes Abdullah Ahmed Al Saleh, Undersecretary of the UAE Ministry ...
Abu Dhabi's Non-Oil Foreign Merchandise Trade Hits AED35.8 Bn in Two Months
AE >> 5/5/2019 - The value of non-oil foreign merchandise trade through Abu Dhabi ports increased 11.5 percent from AED32.1 bn in Jan-Feb. 2018 to AED35.8 bn in the same period of 2019.

This was the result of...
UAE Is the Major Trade Partner to Vietnam in MENA
AE >> 4/19/2019 - The UAE is the major trade partner to Vietnam in the Middle East and North Africa while Vietnam is the key trade partner to the UAE in the South East Asia, with two-way non-oil trade reaching US$10.4 ...
UAE, Italy Consolidating Economic Partnership
AE >> 4/15/2019 - The UAE- Italy non-oil trade exchange amounted to US$7.8 billion in 2017 and exceeded $5.7 bn during the first nine months of 2018, according to Sultan bin Saeed Al Mansouri, Minister of Economy.
<...
FCA Discusses Cooperation with China's BISIEC
AE >> 4/10/2019 - A meeting was held today between the officials of the Federal Customs Authority, FCA and a visiting delegation from the Bureau of Industry, Security and Import and Export Control, BISIEC of the Minist...
UAE, Hungary Strengthening Economic Cooperation
AE >> 3/24/2019 -  The UAE and Hungary agreed to strengthen their cooperation in the fields of science, technology and innovation.

This came as senior representatives of both countries discussed creating new p...
UAE, Uzbekistan Explore Trade Partnership Prospects
AE >> 3/13/2019 - The third session of the Joint Economic Committee between the UAE and Uzbekistan was held recently in Tashkent, the Uzbek capital.

The Committee was chaired by Sultan bin Saeed Al Mansouri, M...
Dubai’s Non-Oil Foreign Trade Reaches AED1.3 Trillion In 2018
AE >> 3/10/2019 - Dubai’s external non-oil trade in 2018 reached AED1.3 trillion despite challenges facing global trade growth resulting from trade tensions between major economic powers and a global growth slowdown th...
Ministry Of Economy to Visit Uzbekistan, Kyrgyzstan
AE >> 3/9/2019 - The Ministry of Economy will visit Uzbekistan and Kyrgyzstan to hold joint economic committees with both countries.

The delegation, headed by Sultan bin Saeed Al Mansouri, Minister of Economy...
DAFZA’s 2018 Non-Oil Foreign Trade Reaches AED146 Billion
AE >> 3/3/2019 - The Dubai Airport Freezone Authority, DAFZA, has announced that its 2019 budget has increased significantly to AED1 billion.

DAFZA’s investment in new expansion projects is estimated to be ar...
China to Expand Investment in UAE Through Annual Investment Meeting
AE >> 1/30/2019 - The UAE has managed to achieve a qualitative leap in its economy during the recent years due to the adoption of a forward-looking strategy and in anticipation of strategic plans for the future, accord...
UAE, Australia Accelerating Trade Partnerships
AE >> 1/21/2019 -  Prospects of cooperation in promoting investment and trade exchanges between the UAE and Australia were reviewed recently by Undersecretary of Ministry of Economy for Foreign Trade, Abdullah Al Saleh...

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