Dubai has ranked fifth among leading global ports in the ISCD Index thanks to investment in infrastructure and business diversification.
EU wheat is being purchased by African and Middle Eastern states as exports from Ukraine continue to be disrupted by war amid food security concerns.
The UAE ranked as the second most important international commodity hub, while South Africa and Nigeria ranked ninth and tenth respectively.
Dubai Chambers has revealed that registrations of African companies have risen by 6.5% since GBF Africa was held.
The ITFC has begun dispersing a USD 3 billion credit extension to Egypt to address the rising costs of food and energy imports.
A delegation from Sierra Leone met with representatives of Qatar Chamber to explore economic opportunities as Qatar’s trade surplus soars.
Trade between Ethiopia and the UAE has surpassed USD 2.5 billion over the past five years, according to the Ethiopian Ministry of Trade and Regional Integration.
Oman’s exports have grown by over 50% between 2021 and 2022, according to the Omani government. A 55.9% increase in exports was recorded between January 2021 and 2002, according to the National Centre for Statistics and Information.
Wheat shortages due to the Ukrainian conflict have led to rising costs and concerns over food security.
Egypt has awarded eight gold and metal mining exploration licenses in the country’s eastern desert region.