trade

Abu Dhabi Economic Department Confiscates 9,148 Counterfeit Products in Q2 2019

Abu Dhabi Economic Department Confiscates 9,148 Counterfeit Products in Q2 2019

Abu Dhabi: The Abu Dhabi Department of Economic Development (ADDED) confiscated a total of 9,148 counterfeit products from a total of 31,325 inspection and supervisory visits conducted by the department on commercial establishments and outlets located within the emirate’s three cities during the second quarter (Q2) of this year. The second-quarter report of the commercial activity was released by the ADDED’s Commercial Protection Division, as part of its mission to stop illegal business practices and protect consumer rights as […]

Gold Gains as Bond Yield Collapse

Gold Gains as Bond Yield Collapse

Dubai: Precious metals remain the exception with gold responding strongly to the ongoing collapse in global bond yields. The trade war between the US and China remains one of the main drivers behind global growth concerns. This in turn impacts the demand prospects for growth-dependent commodities ranging from crude oil and industrial metals to some agricultural products. As a result, the market has been “pumping and mostly dumping” as news from Washington and Beijing continued […]

RAK Chamber of Commerce Promotes Upcoming Events in the Emirate

RAK Chamber of Commerce Promotes Upcoming Events in the Emirate

H.E Mohamed Musabbeh Al Nuaimi, Chairman, RAK Chamber of Commerce and Industry said that the chamber’s strategy focuses on communication with the promising countries to promote RAK economy and establish strategic relations among the business communities in different countries, showcase the potential investment opportunities in the emirate through the different available channels. Al Nuaimi made his statement in a meeting with H. E Ian Halliday, Consul-General Dubai and General Manager of the Australian Trade Commission […]

Chinese Students Learn About Dubai’s Pioneering Islamic Economy

Chinese Students Learn About Dubai’s Pioneering Islamic Economy

Dubai: Dubai Islamic Economy Development Centre (DIEDC) received a delegation of Chinese students participating in the Islamic Finance Internship Programme (IFIP), a joint initiative between Hamdan Bin Mohammed Smart University (HBMSU), China Islamic Finance Club, ZhiShang Inter-Culture Communication, and DIEDC. The Chinese student delegation’s visit to DIEDC’s office concluded its Dubai tour that covered the headquarters of leading Islamic finance institutions in the emirate, including Dubai Islamic Bank (DIB), DIFC FinTech Hive, the Dubai Financial […]