Browsing: Business & Trade

2022 Best Countries, an analysis project by US News & World Report, has ranked nine African countries with four new entries.

Trade between the states is on the rise and the UAE is seeking to make investments in the southern African state.

Jafza, the Jebel Ali Free Zone, generated over USD 123.8 billion in trade in 2021, a 19% increase.

The Dubai Diamond Exchange: Diamond trade up by 24.7% year on year in the first half of 2022.

Al Ain Farms will export local dairy products to countries including Kenya, Tanzania, Rwanda and Ghana and Zambia.

Non-oil trade is up by 17% over H2 2021 as the government works to sign international agreements and partnerships.

DP World, Dubai’s major operator of ports and terminals, announced revenue growth of 60.4% in H1 2022, recording revenues of USD 7.93 billion.

Abu Dhabi’s non-oil foreign trade grows by 12%, with Saudi Arabia, Switzerland and the US as the emirate’s top trading partners.

AD Ports and Hong Kong operator and port investor Hutchison Ports will work together to expand operations across the GCC, Asia and Africa.

Kenya and the UAE have begun discussions around the creation of an agreement to bolster trade and investment.