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    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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      Iraq set to award new Faw Port deals

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Japan, UAE to sign investment treaty to bolster ties

              Gulf News

              April 30, 2018
              in Finance, Trade
              0

              Japan, UAE will sign an investment treaty to boost bilateral economic relations between the two countries, Prime Minister of Japan Shinzo Abe said in Abu Dhabi on Monday.

              “Japan government will solidify the bilateral economic relations with the UAE by signing the investment treaty later in the day,” said Abe speaking at Japan, UAE Business Forum.

              Japan Prime Minister was accompanied by 27 top business executives during this visit to the UAE.

              He also said there have been dramatic developments between the two countries in the last five years in energy and other sectors.

              “Japan’s Inpex has renewed offshore concession agreement solidifying relationship in the energy sector. There have also been advancements in infrastructure projects, education and space development, culture and people to people exchange.”

              peaking earlier during the forum, UAE Economy Minister Sultan bin Saeed Al Mansouri said non-oil trade between the UAE and Japan has grown by 8.4 percent in 2017 but the two countries are focussing on strengthening ties in the energy sector.
              UAE-Japan non-oil trade

              The non-oil trade between Japan and UAE touched $15 billion in 2017 with a growth of 8.4 percent over 2016 and the average growth of non-oil trade between the two countries during the past five years reached about 2.5 percent.

              “The rates are excellent but in my opinion do not proceed in parallel with the strength of the two countries, not keep pace with the strength of trade and investment ties between them.

              "That means there are a lot of opportunities and possibilities to develop our economic cooperation fields that we did not benefit from earlier,” said Al Mansouri.

              On the investment side, the Japanese investment balance in the UAE has reached about Dh14.3 billion.
              $28b bilateral trade

              According to the Japan External Trade Organisation (Jetro), bilateral trade between the two countries stood at about $28 billion (Dh102.8 billion) last year, with Japan exporting $7.2 billion worth of goods to the UAE and importing about $20.73 billion, most of which was oil.

              The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia. In 2017, Japan imported $15.6 billion worth of oil from the UAE, the figures show.

              In the energy sector, Abu Dhabi National Oil Company (Adnoc) in February awarded a 10 percent stake in an offshore concession to Japan’s Inpex Corporation, with a participation fee of Dh2.2 billion to enter the Lower Zakum concession.

              The interest in the concession will be held and managed by Jodco Lower Zakum Limited, a wholly-owned subsidiary of Inpex. Inpex is also part of Abu Dhabi’s onshore concession with a 5 percent stake.

              “The investment treaty is very important for both sides. This will enable both sides to invest more with a framework that will ensure investments are protected.

              "By signing this agreement, we will open doors for the private sector to explore new areas of cooperation not only in oil but in various other sectors like health and education,”  Juma Mohammad Al Kait, assistant undersecretary for foreign trade affairs told Gulf News.

              Gulf News
              30/04/2018

               

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