DMCC, a leading international business district in Dubai, has announced a new memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two bourses.
Shipping between Iran’s Dayyer port and Qatar’s Al Ruwais port has resumed following coordination between the Iranian embassy in Doha and Qatari authorities, a Reuters report said quoting Iran’s commercial attaché in Doha.
Bilateral trade between India and Russia has reached a record high of nearly $70 billion, driven primarily by Russian oil and fertilizers exports as well Indian pharma products, thus reflecting the growing scope of economic ties between the two countries, a senior Indian government official said.
The Saudi Ports Authority (Mawani) has announced the addition of Maersk’s shipping service (Maersk - MECL) to Jeddah Islamic Port, thus enhancing the port’s maritime connectivity, expanding its service network with regional and global ports, and supporting the smooth flow of trade and supply chains.
Dubai has announced plans to develop several landmark projects at a total investment of AED18 billion ($4.9 billion), covering infrastructure, culture, trade, investment and urban development, as the emirate seeks to support long-term economic growth and improve quality of life, said a report.
Sharjah Ports, Customs and Free Zones Authority has announced the launch of Al Dhaid Logistics Complex, a key project aimed at boosting the country's supply chain efficiency. The first phase, which spans over 16 million sq ft, is designed to accommodate up to 1.5 million TEUs per annum.
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and Ukraine will officially enter into force on July 1, signifying a major advancement in the two nations’ economic ties. The agreement aims to create new opportunities for trade, investment and private sector collaboration, strengthening the UAE's relationship with a key European market and reinforcing its role as a global trade hub, said a statement.
The Abu Dhabi Chamber of Commerce and Industry and the Shanghai Foreign Investment Development Board (Invest Shanghai) have signed a strategic memorandum of understanding (MoU) during the chamber's participation in the Abu Dhabi Investment Forum (ADIF) in Shanghai.
Global trade in ocean-related services rose to $1.44 trillion in 2025, representing 58% of the $2.5 trillion ocean economy and surpassing goods as the dominant segment of ocean trade, according to new data from the United Nations Conference on Trade and Development (UNCTAD).
Global air cargo demand rose 4% year-on-year in April, supported by robust Asia-linked trade flows, despite severe disruption at major Gulf hubs from conflict in the Middle East that reshaped trade routes and constrain capacity on key corridors, said a report.
