Tag Archives: exports

A landlocked Central Asian country that shares its southern border with Afghanistan, the Republic of Uzbekistan shipped an estimated US$11.1 billion worth of goods around the globe in 2019. That dollar amount reflects a 10% increase since 2017 and a 1.5% gain from 2018 to 2019. From a continental perspective …

The Sharjah Chamber of Commerce and Industry, SCCI, has called on businessmen and investors in Sharjah to take advantage of the mutual investment opportunities with the business community in France, so as to open new horizons of partnerships and develop the long-standing economic, trade and cultural relations between the UAE …

Exports generated by international tourism reached US$1.7 trillion in 2018, a 4 percent increase in real terms over the previous year, a new report from the World Tourism Organisation (WTO) shows. For the seventh year in a row, tourism exports grew faster than merchandise exports (+3 percent), reflecting solid demand …

Etihad Credit Insurance (ECI), which has just begun operations is aiming to boost UAE exports and diversification of the economy by providing credit insurance to exporters and investors. The federal government owned ECI, capitalised at Dh1 billion will also have the support of the Islamic Corporation for the Insurance of …

China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies. Addressing a World Economic Forum event in the port …

The oil market has changed a lot over the past decade. Here, for example, is the latest data on US imports and exports of crude oil and petroleum products, released by the Energy Information Administration at the end of last month: The US has gone from a big-time net importer …

This year, the US has turned into the world’s largest oil producer alongside top exporters Saudi Arabia and Russia, all due to its booming shale oil industry. This signals a significant transition and one with economic and political implications, given that the US had already joined the club of the …

Iran’s oil exports fell sharply in the first two weeks of June, offering an early signal that US President Donald Trump’s re-imposition of sanctions may be discouraging some buyers. Outflows of crude oil and condensate, a light form of oil extracted from gasfields, plunged by 16 per cent to 2.114 …

Even Saudi Arabia wants in on the US oil boom. The kingdom’s state oil firm considered the possibility of sending American crude to Asia in February via a US unit before determining it wasn’t economically viable, according to a person with knowledge of the matter. It also asked potential buyers …

Morocco will loosen its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib, as the central bank is known, will allow the dirham to fluctuate 2.5 per cent above or below its …