trade

Israeli Finance Minister Bezalel Smotrich on Thursday said Israel would abolish its free trade agreement with Turkiye and also impose a 100 percent tariff on other imports from Turkiye in retaliation for Turkish President Tayyip Erdogan’s…
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The value of Egyptian exports to Arab countries surged 8.7 percent year on year to reach $13.6 billion in 2023, according to new data. A statement from Egypt’s Central Agency for Public Mobilization and Statistics revealed that Saudi…
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Global economic growth is anticipated to slow to 2.6 percent in 2024, with the UN Trade and Development agency highlighting an uneven post-pandemic financial recovery among countries. In its latest report, UNCTAD revealed that the…
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Saudi EXIM Bank and its Swiss counterpart have signed an agreement to boost the Kingdom’s non-oil exports, enhancing their global market competitiveness. In an X post following the deal, the Saudi lender stated that the reinsurance…
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Saudi and Indian traders are set to benefit from Jeddah Islamic Port’s new service, bolstering trade connectivity between the nations. The Saudi Ports Authority, also known as Mawani, on Thursday said that Unifeeder, a Danish logistics…
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Saudi Arabia’s permanent representative to the World Trade Organization was selected to chair the entity’s Dispute Settlement Body for the year 2024-2025. According to a release, Saqer Al-Moqbel was appointed unanimously by the WTO’s…
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Kuwait’s trade surplus with Japan surged 53.4 percent year-on-year in February to $652 million, driven by energy products, as exports outpaced imports significantly. According to the Kuwait News Agency, overall exports to Japan soared by…
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Economic ties between Turkiye and the Gulf Cooperation Council are poised to improve as both sides signed a deal to launch negotiations for a free trade agreement. Jassim Mohammed Al-Budaiwi, secretary-general of the GCC, said that this…
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The European Union and the Philippines said on Monday they would resume negotiations on a free trade agreement as the EU seeks to tap into Asia’s faster economic growth and gain access to critical raw materials. Free trade negotiations…
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Closer cooperation on food security and trade were among key matters discussed during a meeting between Egyptian President Abdel Fattah El-Sisi and Italian Prime Minister Giorgia Meloni. Saturday’s talks also covered agricultural…
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