Browsing: United Arab Emirates (UAE)

• Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.
• Establishing a streamlined commerce corridor connecting East Africa and the Great Lakes region is a fundamental plank of DP World’s overall strategy.
• DP World seeks to regulate and strengthen African trade by tackling the difficulties of logistics and storage with cutting-edge digital solutions.

Dubai Ports World in Africa

As the Africa Continental Free Trade Act ushers in a new era of African trade, a significant participant rises from the Arabian Peninsula. Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.

The story’s action begins in one of East Africa’s thriving harbours. The vast potential of the Kenyan ports of Mombasa, Lamu, Kisumu, and Naivasha has …

Being a globally acclaimed property exhibition, IPS is the only top-class opportune event that remains committed to generating vast business opportunities for the real estate market and strengthening the emirate’s leading position as an investor-friendly city.   

From 24 – 26 March 2022, the real estate industry’s largest live-in-person exhibition will attract more than 20K visitors from over 40 participating countries. It will also gather leading real estate developers, top-tier investors, industry experts and professionals, under one roof where deals and transactions can be sealed instantly.

The International Property Show will be held at the Dubai World Trade Centre under the umbrella of Expo 2020 Dubai. To be a part of this unique offering of the real estate market, you can register here or book a stand. If unable to attend in person, you can also virtually participate and benefit from the rich offering of the IPS.

Coming under the theme …

The 2022 edition of AIM will be focusing on the crucial role that Investment Promotion Agencies (IPAs) are playing in the global investment arena.

In collaboration with KPMG, British-Dutch multinational professional services network, AIM aspires to utilize the AIM Global 2022 Investment Awards to recognize the best performing Investment Promotion Agencies IPAs across the globe.

KPMG firms work in 145 countries and territories, with over 236,000 employees. With three lines of services – financial audit, tax, and advisory – KPMG is helping global organizations mitigate risks and grasp opportunities, thus driving positive, sustainable change for clients, people, and society.…

• Through the partnership, NBK will offer financial solutions to buyers and sellers from Kenya while providing an avenue for them to interact and network with other traders.
• The deal is aimed at offering e-commerce services to Kenyan traders to access goods from across the globe but mainly UAE and Asia via DUBUY.COM.
• Trade enabler, DP World, announced the launch of its global wholesale e-commerce platform DUBUY.com in Kenya on Tuesday November 9, 2021.

Micro, Small and Medium Enterprises (MSMEs) in Kenya will now have access to global markets, mainly the United Arab Emirates (UAE) and Asia.

This follows a trade partnership deal that was on Wednesday November 10, 2021 signed between the National Bank of Kenya (NBK) and the leading global logistics provider DP World.

The deal is aimed at offering e-commerce services to Kenyan traders to access goods from across the globe but mainly UAE and Asia via DUBUY.COM.…

With the sixth edition of the Global Business Forum Africa event series set to run this year from October 13–14, 2021 in the United Arab Emirates (UAE), businesses from Africa are increasingly looking at Dubai as a gateway for them to expand into markets across the GCC, Asia, and Europe.

Dubai’s focus on the African continent has been evident through GBF Africa, which aims at bringing the trade and investment community back together to explore bilateral trade opportunities between Dubai and Sub-Saharan Africa.

This year’s Forum is held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

UAE has served as a hub that global businesses have used to launch and run their operations in the African continent for a number of years now.

According to  Dubai Chamber of Commerce and Industry’s Director of …

The United Arab Emirates (UAE) has started transporting oil to Europe via an Israeli pipeline.

According to multiple reports, the deal was sealed months after the energy deal prompted Egyptian worries over a ‘rival’ to the Suez Canal for shipping fuel.

Reports further indicate that an Emirati vessel that arrived at the Port of Eilat in southern Israel last week was in fact an oil tanker.

Details show that the tanker hooked to the Eilat-Ashkelon pipeline has so far seen six tonnes of crude (6,000 liters) fed through per hour.

Memorandum of Understanding

Israeli state-owned Europe-Asia Pipeline Company (EAPC) in October last year signed a memorandum of understanding with MED-RED Land Bridge, a company with both Israeli and Emirati owners, to transport oil through the pipeline.

It was signed in Abu Dhabi with US Treasury Secretary Steve Mnuchin and other US and UAE officials present.

The MoU came amid a …

The Ministry of Economy and Finance of the Republic of Mozambique and the Khalifa Fund for Enterprise Development, KFED and signed a $25 million Memorandum of Understanding (MoU), to support entrepreneurship and innovation projects for women and the youth.

The chairman Khalifa Fund for Enterprise Development, Hussain Jasim Al Nowais, and Adriano Afonso Maleiane, Mozambique’s Minister of Economy and Finance signed the MoU in the presence of UAE Ambassador to Mozambique, Khaled Ibrahim Shuhail and other of officials from both sides.

During the five-year as per the Mou, Hussain Al Nowais said the agreement will provide funding for 4,800 projects which will generate 11,000 job opportunities.

‘Some 40 per cent of the targeted projects will be to empower women, while the remaining will be allocated for other members of the remote and poor communities,’ he explained.

Hussain emphasized the importance of creating opportunities for the women and youths to realise …

UAE has prioritised its relations with African countries based on mutual respect and common interests in order to achieve their country’s goals for development, progress and prosperity said his Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi.

Over the past years, UAE has made progress in this goal deepening its overall relations with African countries, he added.

Sheikh Mohamed bin Zayed made this statement during a meeting at the Emirates Palace with Roch Marc Christian Kabore, President of Burkina Faso, who was visiting the country.

Also Read: UAE targets Kenya in a new chamber partnership

During the meeting, both heads of states discussed their bilateral relations and ways of improving and developing them in various areas. They also discussed the situation in the Middle East and Africa and regional and international issues of common concern.

The Emirati leader further added that the relations between the UAE …

Trade and investment between Kenya and the United Arab Emirates is set for a major boost after chambers of commerce from the two countries reached a new agreement.

The Sharjah Chamber of Commerce & Industry and Kenya National Chamber of Commerce and Industry have signed an MoU to open a satellite trade office in the United Arab Emirates.

READ ALSO:Kenya seeks mineral market in the United Arabs Emirates

The agreement will enable and provide strategic bilateral cooperation between the business communities in Kenya and UAE with an objective to foster cooperation in trade, investment, joint activities, information and services and trade policy support programmes.

The agreement was announced at the UAE-Kenya Trade and Investment Forum where Kenya hosted a delegation of over 20 top companies from the United Arab Emirates.

READ ALSO:UAE tightens its grip over Zanzibar

The Forum organized by Sharjah Chamber of Commerce & Industry and …