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Tag Archives: Trade

Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles Federated Investors, Inc., one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation, member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy …

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Oriental opportunity: UAE seeks more trade with China

The United Arab Emirates Ambassador to the People’s Republic of China has said that he hopes the country will be able to double its trade with China over the next 10 years ahead of a three-day visit to the emirates later this week by China’s President, Xi Jinping. According to the UAE’s state news agency WAM, Dr Ali Obaid Al …

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Successful implementation of Arab Africa Trade Bridges (AATB) Program

International Islamic Trade Finance Corporation (ITFC) continues the successful implementation of Arab Africa Trade Bridges (AATB) Program by connecting business communities in Agadir Agreement countries and West Africa The closing session of the Business Forum had adopted number of recommendations aiming at boosting trade flows between the Agadir Agreement countries and the West African OIC member countries The International Islamic …

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South Korea’s trade minister highlights five key sectors for UAE investors

Kim Hyun-Chong says opportunities exist in tech, biotech, petrochemicals, construction and in cultural content and consumer goods By Michael Fahy, ZAWYA South Korea’s Minister of Trade highlighted cooperation in the petrochemicals sector as one of five key markets where trade opportunities between his country and the United Arab Emirates can be developed further. Speaking at the Annual Investment Meeting in …

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Trading places: Dubai’s non-oil trade rises, with China, India and the U.S. it’s biggest partners

Dubai’s non-oil foreign trade grew by 2 percent last year, with China, India, the United States and Saudi Arabia topping a list of the emirate’s biggest trading partners, the Dubai government’s media office said in a press release on Monday. The emirate’s non-oil trade grew by 26 billion dirhams ($7.1 billion) to total 1.302 trillion dirhams in 2017, up from …

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UAE stands to be a big winner from China’s $900bln Belt & Road plan – report

By: Michael Fahy, ZAWYA Ancient trade routes from China through central Asia by rail (Belt) and to Africa and beyond by sea. The United Arab Emirates has been ranked as third in a global index of nations that stand to benefit most from China’s Belt and Road Initiative, according to a new report released on Tuesday by property consultancy Knight …

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Saudi, Russia to sign deals worth over $3bln during King Salman’s Moscow visit

Russia and Saudi Arabia will sign joint investment agreements worth more than $3 billion during a visit to Moscow by Saudi Arabia’s King Salman, Russian Energy Minister Alexander Novak was quoted as saying on Wednesday. The deals will include a $1.1 billion agreement for Russian petrochemical firm Sibur to build a plant in Saudi Arabia, the energy ministry cited Novak …

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Expo 2020 Dubai and DP World partner to position the UAE at the heart of future global trade

Partnership with global trade enabler DP World to help Expo 2020 promote a future of Mobility, Opportunity and Sustainability. Dubai, UAE – Expo 2020 Dubai today announced DP World as its Premier Global Trade Partner. The company, which is a leading enabler of global marine and inland trade, owns and operates 77 terminals globally including the Port of Jebel Ali, …

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MIDEAST STOCKS-Gulf wilts in early trade as Brexit risk saps sentiment

Stock markets in the Gulf edged down in early trade on Thursday after international bourses and oil markets slipped, partly because of fears that Britain might leave the European Union in next week’s referendum. Local day traders sold speculative Saudi Arabian shares. The insurance sector dropped 0.8 percent and was the main drag on Riyadh’s index , which had edged …

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Meetings of the Working Groups of the Africa-Arab Partnership in the areas of Trade and Investment; Transport, Communication and Energy

A three-day meeting of the two Working Groups of the Africa-Arab Partnership in the areas of Trade and Investment and Transport, Communication and Energy kicked off on 3 February 2016, at the Headquarters of the African Union Commission in Addis Ababa, Ethiopia, with a joint plenary session. Opening the meeting, the Co-chair on the African side, Dr. Levi Uche Madueke, …

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