Browsing: UAE

Kenya is among some eight countries that the United Arab Emirates (UAE) wants to deepen trade ties with, even as it pushes to grow its status as the Middle East commercial hub.  

According to a report filed by Reuters on September 14th, the Gulf State said it wanted to strengthen trade and economic ties with countries including India, Britain, Turkey, South Korea, Ethiopia, Indonesia, Israel and Kenya.  

The Minister of State for Foreign Trade, Thani Al Zeyoudi told the publication that UAE would pursue bilateral issues that include trade, foreign direct investment and sectors such as tourism.  

In terms of oil, UAE is Kenya’s major supplier of oil. For instance, in 2019, oil imports from the UAE stood at KSh116.9 billion ($1.2M) in 2018 compared to KSh108.6 billion ($1.0M) in the previous year.  That year, however, Saudi Arabia overtook UAE as the leading source of Kenya’s oil imports, …

The Dubai Chamber of Commerce and Industry has been instrumental in enabling Dubai’s business sector to move forward, despite the global pandemic. As trade, tourism and innovation play an integral role in Dubai’s position as a global hub for commerce and industrialization, it is important to note that the Dubai Chamber of Commerce and Industry has been a vital component in the success of the Emirate. Today, as Dubai has embarked on hosting the World Expo 2020, the leadership is looking at matters associated to sustainability and innovation as key aspects to drive change. 

It is through this vision that the Dubai Chamber of Commerce and Industry is operating. To build bridges with markets that bode mutual benefits and respective comparative advantages to enable greater trade and business opportunities.

Through events such as the Global Business Forum Africa 2021, the Dubai Chamber of Commerce and Industry is building the “Dubai-Africa …

More than half of Sub-Saharan Africa’s population still does not have access to electricity according to a March 2020 report by the IMF. This means that the potential of the energy sector in Africa is immense since industry, education, healthcare and many other aspects of the economy cannot be fully exploited without power. 

In addition to inadequate power, those in Sub-Saharan Africa (SSA) have to pay on average nearly twice as much for electricity in comparison to consumers elsewhere in the world.  Even with power for the 50 per cent of the population, power shortages cost the continent an estimated 2 to 4 per cent of GDP a year.  …

H.H. Sheikh Ahmed Bin Faisal Al-Qassimi’s Private Office will be awarding “International Honours” to African, Middle East leaders, executive producers, celebrities, tech entrepreneurs, humanitarians and guests speakers with outstanding contributions towards making the world a better place selected to receive the prestigious award.

The exquisite event will also showcase an exclusive upcoming Hollywood movie to be shot in the UAE as a Royal Office initiative supporting the emergence of “Dubai” and “Abu Dhabi” as the world’s next film industry hub.

Sheikh Ahmed Bin Faisal Al Qassimi is a member of one of the most prominent Royal Families in the UAE with a team that shares his vision and determination. The Sheikh Ahmed Bin Faisal Al Qassimi Private Office has an unparalleled competitive experience, invaluable business relationships and presence in the Dubai market.…

Kenya is the major exporter and importer of the East African Community (EAC) accounting for an estimated 46 per cent of exports and 41 per cent of imports in the region…

Last year, during the Dubai Africa Summit in Dubai, African leaders were entertained with various proposals on how to promote trade and commerce with the United Arab Emirates. The meeting sought to increase the influence of the Arabian country in Africa including private business ventures as well as intergovernmental relations.

During this event last year, UAE announced that it expects its non-oil trade to exceed AED 1 trillion for the period extending from 2011 until the end of 2019. Dubai Chamber of Commerce and Industry also announced that it has signed a memorandum of understanding (MoU) with the General Directorate of Residency and Foreigners Affairs (GDRFA) and Dubai Free Zone Council to launch the “Be Part of Dubai” initiative which will see 200 prominent African investors receive UAE Golden Residency Visas.

This trend is catching up with Dubai 2020 commencing at the Africa Union summit. The UAE’S Consortium for Africa…

THE EXCHANGE sat down with the CEO of Johari Rotana Hotel, Mr. Joerg Potreck to discuss about the hospitality industry in Tanzania and what the future holds for Johari Rotana.

 Briefly tell us about the history of Rotana Hotels?

We are a hotel management company from the United Arab Emirates  founded in 1992 by Nasser Al Nowais and Selim El Zyr. Operating as Rotana, we opened our first property, the Beach Rotana Abu Dhabi in 1993 and today we are one of the leading hotel management company within the Middle East, Africa, Eastern Europe and Turkey with a portfolio of over 100 properties in 26 cities.

Rotana combines a unique understanding of the culture and communities of the Middle East with the collective expertise of an executive team contributing to years of international experience in the service industry.

 What sets apart Johari Rotana from other world class hotels in Tanzania?…