Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE and Singapore investments set to boost bilateral ties  Join our daily free Newsletter

MENAFN - Khaleej Times - 22/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Bilateral trade climbs 28% to dh18 billion in 2013

ahmed mahboob receiving cheong ming foong in dubai. — supplied photo

dubai is a major trade hub between the east and the west as is the case with singapore which is an important gateway for far eastern markets.

this was affirmed by cheong ming foong consul general of the republic of singapore in dubai during a high-level visit to dubai customs to reinforce bilateral ties. the consul general was accompanied by the commercial counsellor lester lu.

“there is a remarkable resemblance between dubai and singapore that we can build on to create a kind of integration that serves the global economy” ming foong said.

“singapore highly values what dubai has achieved so far and the emirate’s outstanding experience is globally acclaimed. the swift and streamlined customs clearance procedures adopted in dubai make the emirate a destination of choice for singaporean traders and businesses working in import and export from and to middle eastern countries” he added.

lester lu said the availability of advanced infrastructure in seaports and airports and integrated array of government services offered to traders and freight companies is a further asset to the emirate.

“such facilities not only save time and cost but also boost bilateral relations and make dubai the best gateway to extend their reach into the region’s larger marketplace.”

lester lu pointed out that there are over 250 singaporean companies operating in the uae in divers sectors such as energy construction banking logistics trade telecommunication real-estate investment electronics media technology and aviation.

“as is the case for dubai singapore is economically and commercially open to the world with 26 free trade agreements linking it to various countries and economic groups worldwide.” there are numerous uae-singapore investments in both countries which boost the sustainability of their longstanding ties” he noted.

director dubai customs ahmed mahboob while praising the solid relations linking the uae and the singaporean state and people said singapore is one of dubai’s leading trading partners in asia.

“dubai-singapore bilateral trade grew 28 per cent in 2013 to dh18 billion — dh7 billion for imports dh6.7 billion exports and dh4.3 billion re-exports.”

dubai customs strive to boost trade by delivering exceptional services that best respond to the expectations of singaporean traders and investors as well as local and international companies he explained.

“dubai customs is committed to supporting the dubai-singapore commercial and economic relations by addressing the needs of singaporean traders and investors and enabling them to have a real added value for their business operations in dubai.”

“dubai customs in a bid to maximise partners’ financial returns and make dubai the most cost-effective destination for doing business offers top-notch customs facilitation” mahboob said.

he further noted the vibrant role played by the dubai logistics corridor one of the largest multi-modal logistics platforms in the world which links sea land and air and bridges jebel ali port jebel ali free zone dubai logistics city and al maktoum international airport.

“the launch of this corridor has significantly improved the flow of sea-to-air cargo.”


 


Khaleej Times




  MENA News Headlines
 May 22 2015 - Arab info. ministers agree to promote culture of toleranceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab information ministers' council concluded its 46th session on Thursday with a final statement stressing the important role of mass media in promoting the ...

 May 22 2015 - Kuwait, Peru eye closer diplomatic ties, cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Head of the Kuwait's fourth parliamentary friendship committee MP Yousef Al-Zalzalah met with President of the Congress of the Republic of Peru Ana Maria ...

 May 22 2015 - Kuwaiti-Moroccan ties based on shared values - OfficialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Advisor to Kuwait's Amiri Diwan Mohammad Difullah Sharrar said his country and the Kingdom of Morocco share identical cultural and historical values that formed a ...

 May 22 2015 - Kuwaiti play wins gold at Free Theater FestivalKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Kuwaiti play 'Hawel Marrah Okhra' (Try Again) won the golden award of the 10th Free Theater Festival on Thursday evening.The silver and bronze medals went to ...

 May 22 2015 - Kuwaitis proud of nat'l pavilion at Expo Milan 2015Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The spouse of Kuwait's General Consul in Milan and North Italy, Abdul-Nasser Bou-khaddour, praised here role of the Kuwaiti pavilion organizers in Expo Milan ...

 May 22 2015 - Kuwaiti Jiu Jitsu team participates in West Asia tournamentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's Brazilian Jiu Jitsu team will head to Beirut, Lebanon on Thursday to take part in the three-day West Asia tournament.The Kuwaiti team includes seven ...

 May 22 2015 - Kuwait ranks 4th at Fazza wheelchair basketball tourneyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's national team lost their last game to Morocco's 44-71 at the the Seventh Fazza International Wheelchair Basketball Tournament, Dubai 2015, Wednesday ...

 May 22 2015 - OCA cancels Sri Lanka's hosting of Asian Youth Games 2017Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) President of the Olympic Council of Asia (OCA) Sheikh Ahmad Al-Fahad Al-Sabah announced Thursday that the Council has withdrawn the 3rd Asian Youth Games in 2017 ...

 May 22 2015 - Chinese peacekeeping troops head for LebanonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A new batch of Chinese peacekeeping troops and a 30-member medical team left China for Lebanon Tuesday for peacekeeping mission, state-run China Central ...

 May 22 2015 - Seven airstrikes in Syria, 14 in Iraq target ISIL - coalitionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Coalition military forces continued to attack ISIL, conducting seven airstrikes in Syria and 14 in Iraq, the Combined Joint Task Force announced on Tuesday."In ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help