United Arab Emirates

According to officials, the UAE’s non-oil trade reached $952 billion in 2023, breaking previous record highs. Read more about the news here.

Abu Dhabi, UAE – February 27, 2024 – The inaugural TradeTech Forum, hosted by the World Economic Forum (WEF), the UAE Ministry of Economy, and the Abu Dhabi Department of Economic Development (ADDED), will convene a global gathering of leaders and experts to explore the transformative power of trade technologies and pave the way for a more efficient, inclusive, and sustainable global trade environment.

The United Arab Emirates is set to unveil a new climate-focused investment fund worth $30 billion at the upcoming COP28, with support from major investors including BlackRock, three sources with knowledge of the matter told Reuters.

Deepesh Patel spoke with Robert Besseling, CEO at Pangea-Risk to explore the current landscape of the Middle East region, shedding light on the opportunities, challenges, and evolving economic prospects in the face of the ongoing events.

“None in particular” is the phrase most frequently heard from enterprises ranked in the top 100 for revenue across eight major global markets when asked which provider leads in digital… read more →

In this episode of Trade Finance Talks, TFG’s Deepesh Patel sat down with Raja Al Mazrouei, CEO of Etihad Credit Insurance, to discover how ECI is not only encouraging UAE businesses to tap into emerging regional and international markets but also enabling them to scale new heights and achieve sustainable growth.

HSBC today announced the launch of HSBC TradePay, an industry first, document free trade finance solution that enables clients to instantly drawdown trade loans and pay suppliers. HSBC TradePay is… read more →

After weeks of speculation, and a last-minute stalemate, the BRICS group of nations has extended an invite to six additional countries. The new countries are Argentina, Egypt, Iran, Ethiopia, Saudi… read more →

India’s central banking authority is encouraging domestic banks to advise their clients to settle trade transactions between the United Arab Emirates and India using the dirham (AED) or Indian rupee… read more →

UAE-based agribusiness Al Dahra and the Abu Dhabi Exports Office (ADEX) have inked a $500 million contract to supply Egypt with wheat, a statement confirmed on Monday. The five-year deal,… read more →

On Monday, the Indian government announced that India and the United Arab Emirates have begun conducting bilateral trade using their respective local currencies.  The prominent transaction involved India’s leading refiner,… read more →

Micro, small and medium-sized businesses are the backbone of employment and economic growth in West Africa. How can short-term credit insurance help these businesses to grow and prosper?

India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation’s trade minister said… read more →

Today, the report, “Future of Trade: New opportunities in high-growth corridors” was released by Standard Chartered. The report predicts that global trade will reach AED 120 trillion by 2030, with… read more →

First Abu Dhabi Bank (FAB), the UAE’s largest bank and a global financial powerhouse, strengthens its trade product offerings by introducing the Supply Chain Finance (SCF) programme in KSA, expanding… read more →