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Khaleej Times
06-07-2025
- Business
- Khaleej Times
UAE non-oil trade with Brics nations in strong expansion mode
The UAE and the Brics nations have been experiencing robust trade growth over the past years. In 2024, they shared non-oil trade worth $243 billion, a 10.5 per cent increase over 2023, data shows. The momentum accelerated in 2025, with non-oil trade reaching $68.3 billion, a year-on-year growth rate of 18.2 per cent, and 2.4 per cent more than Q4, 2024. The UAE's total non-oil exports to Brics countries grew to $39.4 billion in 2024, nearly double the level from 2019, while re-exports reached $50.5 billion. The UAE ranks 14th globally among Brics trading partners and 5th when measuring internal trade among Brics nations, behind China, Russia, India and Brazil. The Brics community, which initially comprised of Brazil, Russia, India, China and South Africa before expanding to 10 nations — adding Indonesia, Ethiopia, Egypt, Iran, and the UAE — this year, represents a significant portion of the global economy. It accounts for approximately 40 per cent of the world's population and around 25 per cent of global GDP. The UAE became a member of Brics in 2024, reflecting its strategic focus on expanding diplomatic and economic ties with markets throughout the world to further enhance its role in driving global economic growth and prosperity. Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, highlighted the UAE's strong relationships with Brics nations at the Brics Business Forum on the sidelines of the 17th Brics Summit in Rio de Janeiro, Brazil. During the forum, Al Zeyoudi stressed the community's role in driving innovation, accelerating trade and creating opportunities for cross-border investment. Al Zeyoudi also promoted closer collaboration in key sectors, including logistics, agriculture, renewable energy, technology and healthcare. Al Zeyoudi said the Forum provided an important opportunity to engage with a group of like-minded nations undergoing significant economic transformations: 'The Brics community provides a compelling model for growth in the current economic climate. Each of us are seeking economic growth based on investment, innovation, entrepreneurship and trade relationships free from barriers and bureaucracy. This is how the UAE is building our next chapter of economic development, from attracting FDI and fostering new, technology-driven industries to securing free-trade deals with like-minded nations such as Brics members India, Indonesia and Russia. We are eager to maximize this relationship to the fullest extent and build upon these strong foundations in vital economic sectors including energy, logistics, technology, healthcare and food security.' The Brics Business Forum gathered leaders and business representatives from the community's 10 member nations to exchange views and ideas on how their public and private sectors can work together to navigate the world's current economic and geopolitical climate. The UAE's participation reflects its belief in constructive collaboration and its commitment to pursuing mutually beneficial global partnership. The Forum resulted in the endorsement of several initiatives aimed at deepening economic cooperation as well as new private sector partnerships that will enhance trade and investment flows. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said: We believe that constructive partnerships among emerging and developing economies, through platforms such as Brics, offer an important opportunity to enhance global economic governance, expand access to innovative financing, and support long-term financial stability. We also stress the importance of reinforcing financial and monetary coordination among member states to ensure more inclusive and sustainable growth.'
Zawya
06-07-2025
- Business
- Zawya
UAE and Cuba hold first session of their Joint Economic Committee
5.6 per cent growth in non-oil foreign trade was recorded between two countries during first quarter of 2025 UAE-Cuba relations continue to advance across multiple sectors. The Committee marks a key step in deepening economic cooperation and enhancing connectivity between the two nations' business communities Both sides agreed to promote and facilitate increased trade flows, while actively exploring joint investment opportunities in biotechnology, healthcare, renewable energy, tourism, and agriculture The session underscored the importance of building new partnerships in the entrepreneurship and start-up ecosystem, with the goal of accelerating SME growth in both countries and enabling their expansion into global markets A shared commitment was expressed from both sides to strengthen collaboration in food security and agriculture, while supporting efforts for sustainable farming, food processing, and the adoption of advanced agri-tech solutions Abu Dhabi – The UAE Ministry of Economy and Tourism and the Ministry of Foreign Trade and Foreign Investment of the Republic of Cuba convened the first session of the Joint Economic Committee in Dubai. The meeting aimed to deepen bilateral economic cooperation across a wide range of sectors of mutual interest, including trade, investment, energy, renewable energy, agriculture, food security, infrastructure, transport, logistics, creative and cultural industries, healthcare, tourism, biotechnology, and pharmaceuticals. The session also underscored the importance of fostering robust public-private sector trade partnerships to drive sustainable growth for both nations. The Committee was co-chaired by H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy and Tourism, and H.E. Carlos Luis Jorge Méndez, First Deputy Minister of Foreign Trade and Investment of Cuba. The Committee is a key outcome of the trade, economic, and technical cooperation agreement signed between the two countries. The session was attended by H.E. Hazza Ahmed Al Kaabi, UAE Ambassador to Cuba; H.E. Norberto Escalona Carrillo, Cuban Ambassador to the UAE; along with senior government representatives from both nations. H.E. Abdullah Al Saleh highlighted that UAE-Cuban bilateral relations continue to progress steadily, particularly in the economic and commercial domains, in line with the leadership's forward-looking vision to promote mutual prosperity, growth and long-term strategic partnership. H.E. Abdullah Al Saleh, said: 'The convening of the first session of the Joint Economic Committee between the two nations marks a pivotal step in advancing economic and investment relations between the UAE and Cuba. It paves the way for broader cooperation across priority sectors, deeper engagement between the two countries' business communities, and unlocking promising opportunities in both markets, all supporting the UAE's strategic goals under the 'We the UAE 2031' vision.' During the meeting, both sides agreed to establish a joint working framework to oversee the implementation of committee outcomes that guide future cooperation between the two nations in the coming period, propelling it towards further growth and prosperity. They also committed to organising joint business forums and economic events, facilitating trade delegation exchanges, and identifying new avenues to expand bilateral commercial relation. Promoting investment opportunities in both markets The UAE and Cuba reaffirmed their shared commitment to increasing trade flows and investment exchanges between Emirati and Cuban business communities. This also includes exploring opportunities in advanced economic sectors biotechnology, healthcare services, renewable energy, tourism, agriculture, and manufacturing. Both parties proposed hosting joint meetings, seminars, and workshops involving investors, investment promotion agencies, and investment firms to facilitate investment in priority sectors and leverage the incentives offered by both countries. Entrepreneurship and Start-ups Both nations emphasised the importance of advancing economic cooperation through the development of partnerships in the entrepreneurship and start-up ecosystem. This aims to accelerate the growth of small and medium-sized enterprises (SMEs), increase their investments, support their international expansion, and increase their contribution to national GDPs. Food Security and Agriculture Food security and agricultural cooperation were identified as key priorities. The two sides agreed to enhance trade in food commodities and agricultural products, and collaborate on sustainable farming practices, food processing, and agricultural technology in the coming period. Tourism The UAE and Cuba underscored the potential of tourism as a pillar of bilateral relations. They highlighted organising joint tourism exhibitions, events, and conferences in the coming period to showcase the two countries' major tourist attractions and historical landmarks. The cooperation will also involve sharing expertise on tourism development, compilation of tourism statistics, and digital innovations and technologies to enhance sector competitiveness. UAE-Cuba Trade and Investment Exchanges Non-oil trade between the UAE and Cuba continues to gain momentum, surpassing USD 39.1 million in 2024, indicating an increase of over 2 per cent from 2023 and 46.4 per cent growth compared to 2022. In Q1 2025 alone, bilateral non-oil trade grew by 5.6 per cent compared to Q1 2024 and over 25 per cent from Q4 2024. Currently, more than 825 Cuban brands are actively operating within UAE markets. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Zawya
20-06-2025
- Business
- Zawya
DHL commits to helping Indonesia expand its fast-growing sectors and aid its rise as a global trade hub
Offers comprehensive end-to-end solutions tailored for Indonesian businesses' unique needs and multinational enterprises seeking to expand locally Sees opportunities in the new energy, life sciences and healthcare, and e-commerce sectors Supports Indonesia's net-zero ambitions and businesses on their decarbonization journeys through a series of targeted initiatives JAKARTA, INDONESIA- Media OutReach Newswire - 20 June 2025 - DHL, the world's leading logistics company, through its Strategy 2030 – Accelerate Sustainable Growth, is focused on supporting Indonesia's ambitions as a key player in both regional and global trade. According to the DHL Trade Atlas 2025, Indonesia is expected to rank in the top 30 countries for trade growth in speed and scale over the next five years. Its dynamic economy, driven by rapid digital transformation and strategic infrastructure investments, presents significant opportunities for businesses. However, a volatile business environment – characterized by geopolitical tensions and shifting trade patterns – poses challenges and uncertainties for growth. With the presence of three DHL Group divisions – DHL Express, DHL Global Forwarding, and DHL Supply Chain – businesses based in Indonesia can tap into end-to-end logistics offerings across the divisions, access a vast global logistics network, and lean on deep expertise to help navigate fluctuating trade complexities. Additionally, the DHL divisions are especially focused on supporting the expansion of fast-growing sectors in Indonesia such as electric vehicles (EVs), life sciences and healthcare, as well as e-commerce and retail. DHL's presence is well-suited to help the country and its businesses with its growth ambitions Geographic Tailwinds "Indonesia's neighbors have been getting all the attention recently when it comes to supply chain resiliency, but this country has much to offer. We have a large domestic market and talent pool, and the government has been investing in modernizing its logistics sector through the National Logistics Ecosystem platform. We also see growth opportunities in cities beyond the Greater Jakarta area, such as Surabaya, Semarang, Batam, and Bali, among others, which are viable alternatives for businesses looking to diversify their supply chains. More importantly, we also want to help Indonesian brands expand their horizon beyond the local market through e-commerce," said Ahmad Mohamad, Senior Technical Advisor of DHL Express Indonesia. In addition to international brands expanding into Indonesia, there is also a growing pool of Indonesian brands that are going global. Indonesia's strategic location and proximity to major markets in the region make it an attractive location as a global trade hub. It is actively part of at least 12 major bilateral and multi-lateral trade agreements, including the Regional Comprehensive Economic Partnership (RCEP), currently the world's largest free trade agreement. DHL Group has been investing in Indonesia to help boost the country's logistics and supply chain capabilities. It has more than 4,000 employees in the country, with approximately 180 facilities across Indonesia, to help cater to the needs of rapidly growing companies in the country. New Energy "Another sector that we see massive growth opportunities in is new energy in Indonesia, particularly EV batteries. Indonesia's goal of becoming one of the world's top three EV battery producers by 2027 is also in line with our Strategy 2030 focus in this area. Since last year, we have seen at least seven EV manufacturers commit to building production facilities in the country. There is also keen interest from many China EV enterprises looking for a logistics partner that can deliver safe and compliant end-to-end logistics. Our existing experience in the automotive industry with customers such as Chery and Wuling Motors, along with regional capabilities and know-how in the EV industry, puts us in a prime position to help EV players navigate the Indonesian landscape," said Matthias Gehrsitz, Managing Director, DHL Supply Chain Indonesia. To support this fast-growing industry, DHL's customers in this sector have access to a comprehensive end-to-end logistics solution tailored specifically for EV supply chains. This includes: Multimodal transportation management Specialized warehousing with critical value-added services such as battery testing and charging Comprehensive aftermarket battery handling solutions Dedicated team of EV logistics specialists who possess deep knowledge in navigating the sector's complex logistical demands while maintaining the highest standards of safety and compliance. Life Science & Healthcare "Indonesia's life science and healthcare (LSHC) sector is large, but still developing. As a country, we've always been heavily reliant on imports in this sector, but there is a push by the government to reduce imports and be more self-reliant. It is projected that the pharmaceutical sector market value will increase to US$11 billion (~EUR9.5 billion) in 2025. For us, this would mean investing in the proper logistics infrastructure to support this ambition, such as implementing specialized cold-chain solutions that encourage companies to establish their facilities here in Indonesia," said Nicholas Bongsosartono, President Director, DHL Global Forwarding Indonesia. DHL has been investing in Indonesia ahead of the curve to meet market demands: DHL Global Forwarding Life Science and Healthcare (LSH) Competency Centre in Jakarta offers specialized storage facilities that maintain temperatures of 2–8°C and 15–25°C, ensuring product integrity and regulatory adherence with the support of trained experts. DHL Medical Express is a premium service that combines the division's logistics expertise with a dedicated and unique range of features to create a flexible solution for the Life Sciences industry. Secure, temperature-controlled transport of vital medical goods through specialized packaging maintains the integrity of vital pharmaceuticals and biotechnological materials. DHL Supply Chain offers deep expertise for various needs, ranging from pharmaceuticals and medical devices to logistics for clinical trials and supply chain consultancy and inventory management for hospital and health services. DHL Group has also recently announced a strategic investment of €500 million to bolster its Life Sciences and Healthcare (LSHC) infrastructure across all business units in Asia Pacific. With its new sector brand, DHL Health Logistics, the Group consolidates its life sciences and healthcare expertise under one unified umbrella, creating a seamless, end-to-end experience for customers that simplifies the management of complex, cross-border supply chains. Leading the Way in Sustainable Logistics: The Green Logistics of Choice DHL's ambitions to be a frontrunner in low-carbon logistics operations are also aligned with Indonesia's sustainability ambitions. The country wants to reduce greenhouse gas emissions by 29% by 2030 and achieve a low-carbon economy by 2060 or sooner. It also aims to phase out fossil-fuel power plants by 2039 and significantly expand renewable energy capacity. DHL is supporting Indonesia's sustainability targets in several ways: DHL Express Indonesia is leading the way to reduce the industry's carbon footprint with its GoGreen Plus service, which enables customers to reduce their greenhouse gas emissions by up to 80% through the use of Sustainable Aviation Fuel (SAF). DHL Express currently also deploys 28 electric vehicles for first and last-mile deliveries, as part of its progress in reaching the DHL Group 's global target to electrify over 66% of its pick-up and delivery fleet by 2030. DHL Global Forwarding Indonesia is among the industry's first to pilot electric van for inner-city deliveries, while offering sustainable marine and aviation fuels through its GoGreen Plus solutions to enable customers to easily reduce their main haul carbon emissions across all trade lanes. DHL Supply Chain Indonesia delivers sustainable logistics solutions – from carbon-neutral warehouses powered by solar PV (covering 30% of energy needs), to five regulatory-compliant EV units. Additional eco-friendly measures at the sites, such as rainwater harvesting systems and the adoption of reusable pallets and packaging, ensure that environmental impact is minimized across every supply chain touchpoint. The division also has a dedicated team of EV logistics experts who are ready to support the growth of Indonesia's commercial EV sector through reliable and compliant supply chain solutions. Hashtag: #DHL The issuer is solely responsible for the content of this announcement. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050. DHL
Malay Mail
20-06-2025
- Business
- Malay Mail
Malaysia's trade hits RM252b in May, powered by E&E exports, says Miti
KUALA LUMPUR, June 20 — Malaysia's trade increased by 2.6 per cent in May 2025 to reach RM252.48 billion, marking the 17th consecutive month of year-on-year growth since January 2024, said the Ministry of Investment, Trade and Industry. In a statement today, it said exports recorded a slight decrease of 1.1 per cent to RM126.62 billion, while imports grew 6.6 per cent to RM125.86 billion. Trade surplus for the month stood at RM766.3 million, maintaining a trade surplus for the 61st consecutive month since May 2020. The ministry noted that exports of electrical and electronics (E&E) products continued to show resilient performance, registering an increase of nearly RM4 billion — consistent with the World Semiconductor Trade Statistics forecast of an 11.2 per cent increase in global semiconductor sales in 2025. 'As a key player in the global semiconductor supply chain, Malaysia stands to benefit significantly from this anticipated expansion. 'Nevertheless, potential challenges remain, notably the uncertainties in global economic conditions. While the sector's outlook remains positive, proactive policy responses will be crucial to sustain this growth momentum,' it said. According to Miti, trade, exports and imports achieved their highest cumulative value on record for the January to May 2025 period, with trade growing 6.2 per cent to RM1.23 trillion compared to the corresponding period in 2024. Exports expanded 5.5 per cent to RM638.48 billion and imports rose 6.9 per cent to RM591.54 billion, while the trade surplus slipped 9.4 per cent to RM46.94 billion. The ministry noted that exports to key trading partners, including the United States and the European Union recorded robust growth, while exports to Taiwan not only expanded but also attained a new record high. 'Exports to Free Trade Agreement (FTA) partners, notably the United Kingdom and New Zealand also recorded increases, primarily due to higher shipments of palm oil-based manufactured products,' it added. — Bernama
Zawya
16-06-2025
- Business
- Zawya
UAE's non-oil exports hit record $48.27bln in first quarter, official says
The United Arab Emirates' non-oil exports reached a record 177.3 billion dirhams ($48.27 billion) in the first quarter of 2025, a 40.7% increase from the same period of 2024, its minister of state for foreign trade said on X on Sunday. ($1 = 3.6729 UAE dirham) (Reporting by Hatem Maher and Ahmed Tolba; Editing by Jan Harvey)
