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ABU DHABI / WAM The UAE Ministry of Economy has said that the value of the UAE’s non-oil foreign trade reached AED1.75 trillion (US$476.4 billion) in 2015, a growth of up to 10 percent from 2014, according to its report. The figures in the first half of 2015 are positive indicators for the UAE’s foreign trade, including direct trade. In ...

Tehran / AFP Iran’s Oil Minister Bijan Zanganeh said on Wednesday his country supported steps taken by other major producers that could stabilise the market and lead to price hikes for crude. But after a meeting with his Iraqi, Venezuelan and Qatari counterparts in Tehran, a day after Saudi Arabia, Russia and several other big producers agreed to freeze output, ...

Dubai / WAM The future of energy, especially in the current climate of oil price volatility, begins now, and oil producing nations must focus on strengthening the efficiency of their operations and commence energy diversification measures, said experts discussing the ‘Future Energy – After the Oil Age’ at the first Commonwealth of Independent States Global Business Forum 2016 in Dubai. ...

ABU DHABI / WAM A 35-member high level business mission from the UAE government has visited the Republic of Singapore to explore strategic investment partnerships and strengthen trade exchange. The mission comprised key representatives from the government, public and private sectors. Headed by Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry Affairs, the UAE ...

Alkesh Sharma Emirates Business Amid climate uncertainties and an ecosystem where soil character changes after every 100-mile, agriculture systems need to adapt to deal with the significant shifts. Here comes the role of GIS (geographic information system) technology that is contributing to enhance farming efficiency and raising yields. It is also helping agriculturists plan the right crops. GIS is integrating ...

ABU DHABI / WAM The UAE Ministry of Economy is currently holding a series of meetings with a visiting delegation from the World Trade Organisation’s Trade Policy Review Unit. The meetings form part of the preparatory process for WTO’s third review of the UAE’s trade policy that will take place at the Geneva headquarters from June 1 – 3, 2016. ...

Dubai / Emirates Business Dubai Customs has effectively contributed to the growth of food trade by providing quality Customs facilities for this sector, and ensuring speedy customs clearance of all its shipments, in order to cater to the food needs of the community without unnecessary delays. Figures released by Dubai Customs, in parallel with Gulfood 2016; the world’s largest annual ...

Abu Dhabi / WAM The Department of Economic Development (DED) Abu Dhabi has stressed its commitment to implementing initiatives and projects that aim to improve cooperation and coordination with its strategic partners in the government, semi-government and private sector, to improve commercial licensing procedures and develop a more attractive investment environment in Abu Dhabi.

Dubai / Emirates Business Dubai International Financial Centre (DIFC), the global financial services hub connecting businesses and financial institutions with emerging markets across the Middle East, Africa & South Asia (MEASA), achieved another record year in 2015, it was announced today. The number of new company registrations at DIFC increased by more than a quarter (27%) compared with 2014, from ...

Abu Dhabi / WAM Emirates Foundation, an independent philanthropic organisation set up by the Abu Dhabi Government to facilitate public-private partnerships for empowering youth across the UAE, and Abu Dhabi Islamic Bank, ADIB, have partnered in support of financial literacy through Emirates Foundation’s programme, ‘Esref Sah’, which aims to educate youth on ways to manage their current and future financial ...