DP World aims to strengthen its position as the leading market access and logistics provider in Africa with its stake in the Nigerian firm.
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.
Global trade is up by approximately 15% in Q1 2022, reaching a value of USD 7.7 trillion, according to a report by the UN, but will soon slow.
The UAE ranked as the second most important international commodity hub, while South Africa and Nigeria ranked ninth and tenth respectively.
AD Ports gains 70% stake in two Egyptian maritime companies for USD 140 million in the company’s first international acquisition.
Abu Dhabi Exports Office opens a USD 20 million line of credit to the ECOWAS Bank for Investment and Development to bolster trade and strategic cooperation.
Bahrain Minister of Foreign Affairs, H.E. Dr. Abdullatif bin Rashid Al-Zayani welcomed the visit of Egyptian President Abdel Fattah Al-Sisi. Al-Zayani spoke about how the visit advanced the relations between the two countries and their growing strategic partnership.
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.