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Tag Archives: GCC

Japan bilateral trade with GCC shrinks 3.82% in 2014

TOKYO: The value of Japan’s bilateral trade with the GCC countries contracted 3.82 percent in 2014 to $164.76 billion, compared to $171.31 billion in 2013, due mainly to an estimated 4.28 percent average fall in the price of crude oils that Japan imported from the GCC countries in 2014. The average price of crude oils fell to $104.76 per barrel ... Read More »

Saudi Tadawal index up 17.44%

RIYADH: The reforms have generated huge foreign interest with Saudi stock market’s Tadawul All-Share Index (TASI) rising 17.44 percent so far this year, the best performer among seven major gauges in the GCC. Among stocks listed on the Tadawul are Saudi Basic Industries Corp., the world’s biggest petrochemicals producer by sales, and Al-Rajhi Bank, the largest Islamic lender globally. “Investors ... Read More »

GCC portal for common services to launch next month

DOHA:  The Executive Committee for e-Government of GCC will launch a portal for common services of member countries and set up a link to connect them by next month. An initial list of services to be included in the portal and latest developments on the link were discussed in a meeting in Doha here the other day. The project aims ... Read More »

Enhancing cooperation: GCC customs union becomes fully operational

DOHA: The long-awaited GCC customs union became fully operational from January. The move signifies a qualitative leap towards a full-fledged regional common market. The first phase of the customs union was launched in January 2003 and its full implementation has taken 12 years. Hurdles like how customs revenues would be shared by member-states according to their economic weight delayed the union’s ... Read More »

Enhancing cooperation: GCC customs union becomes fully operational

DOHA: The long-awaited GCC customs union became fully operational from January. The move signifies a qualitative leap towards a full-fledged regional common market. The first phase of the customs union was launched in January 2003 and its full implementation has taken 12 years. Hurdles like how customs revenues would be shared by member-states according to their economic weight delayed the union’s ... Read More »

Dubai ends customs duties for Singaporean products

DUBAI: Dubai Customs is to fully exempt all the customs duties for Singaporean products of GCC origin and approves the exemption of pre-set lists of Singaporean products coming into the GCC at pre-determined times. Ahmed Mahboob Musabih, the director of Dubai Customs, said: “This is a milestone agreement in strengthening ties and promoting trade between the GCC countries and Singapore. ... Read More »

Oman to become first country to sign FTA with Singapore

MUSCAT: Oman will become first country in GCC who signed Free Trade Agreement with any foreign country Said bin Saleh Al Kiyumi, chairman of OCCI said here the other day at seminar about the Free Trade Agreement (FTA) between the GCC states and the Republic of Singapore. He added that Free Trade Agreement (FTA) will open new horizons for Omanis ... Read More »

Kuwait, Dubai trade mounts to AED 10.3 billion in 2014

KUWAIT CITY: Dubai and Kuwait are both working on some high level projects. Kuwaiti Customs delegation was welcomed in Port DP by Sultan Ahmed bin Salayem, Chairman of DP World, where more hopes of mutual cooperation were reflected on the future of both’ countries. Dubai Customs received a high-level delegation from Kuwait Customs to reinforce inter-GCC cooperation and exchange of ... Read More »

Ajman delegation visits Khalifa Port building

ABU DABHI: A delegation from Ajman, consisting of Shaikh Sultan Bin Mohammad Al Nuaimi, customs inspection manager at Ajman Port, Nasser Obaid Al Suwaidi, customs tariffs manager and Khalifa Abdullah Bu Sehab, customs policies manager visited Khalifa Port’s Terminal Operations Building. During their visit, they saw the port’s cutting edge container yard operations, including its nine Super Post Panamax ship-to-shore ... Read More »

Remarkable rise of 6.1% in Kuwait-Dubai trade ensures advancement in customs operations

KUWAIT CITY: “The Dubai-Kuwait imports in the first six months of the year 2014 amounted to Dh.2.3 billion whereas exports hit Dh.2.4 billion, and re-exports reached Dh.5.5 billion,” announced Ahmad Mahboob Musabih, Director Dubai Customs. The announcement was made by Ahmed Mahboob Musabih, Director of Dubai Customs on Tuesday at the sideline of a visit of a high-level delegation from ... Read More »

Gujranwala to get dry port soon: Collector Qurban  

SIALKOT: Collector of Customs Model Customs (MCCS) Collectorates (MCCs) Sialkot Qurban Ali Khan has assured the business community of Gujranwala about the early amicable solution to their prolonged and perturbing problems. He maintained that the MCCs was making all-out efforts to provide all the advanced facilities to Gujranwala business community keeping in view the industrial significance of this industrial city. He ... Read More »

My Karachi – Oasis of Harmony Exhibition to kick off tomorrow

KARACHI: The 11th sequel of My Karachi – Oasis of Harmony exhibition of the Karachi Chamber of Commerce and Industry (KCCI) will kick off on Friday (Tomorrow), June 20th, 2014, at Karachi Expo Centre in which local and foreign exhibitors will be showcasing their products and services in front of around 1 million exhibitors. The three-day exhibition, which will conclude ... Read More »