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.

“ass 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
 Feb 13 2016 - Saudi Arabia to work on reducing emissionsMENAFN
(MENAFN) Saudi Arabia realizes the importance of renewable energy in the economic and social growth, and all people have the right to have reliable energy sources.Additionally, the fossil fuel will ...

 Feb 13 2016 - Germany to offer USD 566mn in credits to IraqMENAFN
(MENAFN) Germany will offer USD 566mn worth of credit to Iraq in order to help it with the sharp downturn in global oil prices and its will do it best.Furthermore, Germany will stabilize Iraq with ...

 Feb 13 2016 - Qatar's consumption will grow to 39.6 percentMENAFN
(MENAFN) Qatar's investments of its GDP increased to 39.6 percent in Q2 last year from 32.4 percent in 2014 on stable government capital spending.Moreover, the nation's consumption grew to 20.8 ...

 Feb 13 2016 - Suspected jihadist will not recover Swiss passportThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Swiss Federal Criminal Court has upheld the decision of the Swiss Attorney General’s Office to confiscate the Swiss passport and identifying ...

 Feb 13 2016 - Turkey praises planned Syria cessation of hostilitiesThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkey has praised an agreement between major powers to cease hostilities in Syria to provide humanitarian aid as “an important step” toward ...

 Feb 13 2016 - Split over PYD continues between US TurkeyThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The split betweenAnkaraand Washington over the designation of the Syrian Kurdish Democratic Union Party (PYD) continues to rumble on though U.S. Secretary of ...

 Feb 13 2016 - Turkey to provide 1.5 million in health aid to GazaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkey has said it has transferred $1.5 million to the WHO’s Palestine Representation in order to assist health institutions in Gaza. The announcement ...

 Feb 12 2016 - Turkey Iran to boost dialogue says diplomatThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkey and Iran have agreed to continue “enhancing dialogue” a Foreign Ministry official told Anadolu Agency on Friday. Umit Yalcin's remarks ...

 Feb 12 2016 - Turkish FM: Russian airstrikes rule out Syria cease fireThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Foreign Minister Mevlut Cavusoglu on Friday said peace could not be maintained in Syria unless Russia halts its airstrikes. Speaking to the media ahead of ...

 Feb 12 2016 - CIA: Islamic State has chemical weaponsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The director of the Central Intelligence Agency said Islamic State fighters in Syria have used chemical weapons. John Brennan said there are a number of ...

more...


 






Google

Click to Apply

 
 

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