Posts from category Dubai News

Dubai Free Zone Firms Pick up Pace on Global Recovery Cues

on September 13, 2010 by admin in Bahrain News, Business, China Business News, Dubai News, Export News, Trade News, Comments Off

The Dubai Chamber of Commerce and Industry in its latest release said that the firms within Dubai’s free zones had traded $30.5bn worth of exports and re-exports last year to register a whopping 40.7 percent growth in 2009. Thus proving… Continue reading

Cosmetics Next in Line to Boost Global Halal Trade

on June 7, 2010 by admin in Bahrain News, Business, Dubai News, Export News, GCC News, Saudi Arabia News, Trade News, UAE News, US Business News, Comments Off

The recently concluded Beautyworld Middle East 2010, the largest international trade fair for beauty products in the Middle East, is proving that there is huge demand for halal cosmetics as well besides halal food. Increased participation from the US companies… Continue reading

Aviation Industry May Take Months to Recover from Volcanic Losses

on April 16, 2010 by admin in Asia Pacific Trade, Aviation News, Business, Canada News, China Business News, Dubai News, EU News, Global Economy, Iceland News, Trade News, Travel News, US Business News, World Business, World Business News, Comments Off

The volcano under Iceland’s Eyjafjallajokull glacier which erupted on last Wednesday for the second time in a month is likely to inflict huge losses to global trade, particularly to the aviation industry as passenger and cargo movement has come to… Continue reading

GCC Becomes the Largest Food Importer

on February 17, 2010 by admin in Business, Dubai News, GCC News, Import News, Kuwait News, Pakistan News, Qatar News, Trade News, UAE News, World Business News, Comments Off

According to the World Trade Organisation (WTO), the GCC is the biggest importer of food in the world by buying more than 90 percent of its total needs. The GCC’s very high reliance on external food sources virtually pushes 36mn… Continue reading

GCC to Perk Up on Low Realty Cost

on December 22, 2009 by admin in Bahrain News, Dubai News, Economy, News, Trade News, Comments Off

In a recent report by AT Kearney, a leading global management consulting firm stated Dubai’s capacity to “rebound fast should not be underestimated, with low real estate prices at offer now”. It further adds that apart from the UAE, the… Continue reading

Thailand Ropes in the UAE to Develop Mega Livestock Farms

on June 5, 2009 by admin in ASEAN News, Bilateral Trade, Business, Dairy News, Dubai News, GCC News, Trade Deals, Trade News, World Business, Comments Off

According to sources, Thailand has been able to attract the UAE to invest in its livestock farming industry to produce halal products out of sheep, goats and other livestock. Thailand is understood to have working for some time from now… Continue reading

Blue-tongue Virus Scare Forces the UAE to Impose Restrictions

on May 19, 2009 by admin in Bilateral Trade, Business, Cargo News, Dubai News, News, Shipping News, Tradeoff, UAE News, World Business, Comments Off

The World Organisation for Animal Health’s (OIE) report on the resurfacing of the blue-tongue disease among animals in some countries of Europe has alerted the UAE to take preventive measures to contain the virus from entering the country. On reports… Continue reading

GCC to Ward off the Fears of Fiscal Deficit, if Current Oil Prices Stay Afloat

on April 13, 2009 by admin in Bahrain News, Dubai News, GCC News, Kuwait News, Marine business, Oman News, Qatar News, Saudi Arabia News, Trade News, UAE News, World Business, Comments Off

According to the Middle East oil experts, the current crude prices in the realm of $50/barrel will help GCC to avoid a potential budget deficit as announced by the latest bulletin of the Emirates Industrial Bank (EIB). The bulletin has… Continue reading

Oil Price Predictions Come True – $60/barrel only in Sep.

on April 5, 2009 by admin in Bahrain News, Business, Crude Prices, Dubai News, GCC News, IEA News, Oil Prices, Oman News, OPEC, Qatar News, Saudi Arabia News, Trade News, UAE News, World Business, World Business News, Comments Off

The crude oil prices gradually lost ground after International Energy Agency (IEA) declared fuel demand would decline significantly in the coming months than earlier thought. The grim economic data receiving from major oil consuming countries had forced them to bring… Continue reading