World Business News

Federica Mogherini, High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, met today in Brussels with His Highness Sheikh Tamim bin Hamad Al Thani, Emir of Qatar. They discussed ways to enhance bilateral relations between the European Union and Qatar around areas of common interest. In this context, the High Representative/Vice-President and the Deputy Prime Minister and Minister of Foreign Affairs of Qatar, Mohammed bin Abdulrahman Al Thani, signed a Cooperation Arrangement between the European External Action Service and the Qatari Ministry of Foreign Affairs.

German chancellor Angela Merkel has failed to build a new government after coalition talks broke down Sunday. The Free Democratic Party made the decision to leave as the strategy paper tabled left its members feeling compromised on issues ranging from refugees to the environment and energy.

The Arab-Brazil Chamber of Commerce (ABCC) Brazil has announced that Brazilian average daily exports to the Arab region continue to soar, reporting a robust performance during the first half of 2017. Brazil’s total export market share in the Arab region rose to 15.4 per cent during the first half of 2017, in comparison with the total export market share recorded in 2016. Main exports included sugar, iron ore, beef, sports hunting equipment, car engines and chassis, automobiles, soybeans, poultry, coffee beans, precious and semi-precious stones, and cast-iron pipes. Saudi Arabia, the UAE, Algeria, Egypt, Oman and Bahrain were the largest importers of these goods.

More than half of young Syrian refugees say they are unlikely to return home permanently, and an end to the war and the elimination of Daesh are viewed as the decisive steps needed for them to consider going back.

The UAE’s free trade zones are using advanced information management tools to drive the doubling of the global free trade zone GDP, experts announced today.