Dennis Schulz

The UAE and the United States have reaffirmed their commitment to fostering technological and economic collaboration, marking a significant step forward during CES 2025 in Las Vegas. Dr. Thani Bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, met with senior US officials and business leaders to discuss the future of their partnership. These talks focused on the UAE’s dynamic tech ecosystem, which offers a business-friendly environment, cutting-edge infrastructure, and access to rapidly growing markets across the Middle East, Africa, and Asia. The UAE’s initiatives like NextGen FDI and its role as a global innovation hub were key highlights. Bilateral ties between the two nations have flourished over the years, with total UAE investments in the US exceeding $35 billion and non-oil trade reaching $28.3 billion in the first nine months of 2024—a 46.2% growth compared to the same period in 2019. These numbers reflect a robust and evolving partnership rooted in decades of tru...

The UAE’s ambitious trade agenda is set to make waves in 2025, as the country prepares to expand its Comprehensive Economic Partnership Agreements (CEPAs). With a vision to achieve $1 trillion in non-oil trade by 2031, these agreements are pivotal to positioning the UAE as a global trade leader. Since the CEPA program launched in September 2021, the UAE has inked 24 trade deals, creating partnerships that touch the lives of 2.5 billion people worldwide. These agreements have not only diversified the UAE's economic portfolio but also fostered resilience by reducing reliance on oil exports. In 2024, the fruits of this strategy became clear. In the first half of the year, the UAE's foreign trade exceeded AED 1.395 trillion, reflecting an impressive 11.2% growth compared to the same period in 2023. The CEPA network has driven trade in clean energy, technology, financial services, and green industries, setting the UAE apart as a forward-thinking economic powerhouse. As t...

In a remarkable feat of economic resilience and strategic planning, the United Arab Emirates (UAE) has achieved an unprecedented milestone, with its non-oil foreign trade reaching an all-time high of Dh3.5 trillion ($953 billion) in 2023. Despite challenges in the global movement of goods and services, the UAE's commitment to economic diversification has proven instrumental in this outstanding achievement. The visionary leadership, epitomized by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, declared 2023 as a record year for the economy. Indeed, the UAE has not only met but exceeded expectations, reinforcing its position as a global trade powerhouse. Sheikh Mohammed bin Rashid emphasized the growth of trade with the UAE's top 10 foreign partners by 26% in the past year. This surge is attributed to the strategic implementation of comprehensive economic partnership agreements (Cepas) with nations such as India, Turkey, and Indonesia. The UAE, already a global tra...