European Union (EU)

UAE participates in first trade and investment dialogue between GCC & European Union

  • Discussions center on facilitating bilateral trade & encouraging investments
  • Bilateral trade between UAE & European Union at USD 65.8 billion in 2016

The UAE participated in the first trade and investment dialogue between the Gulf Cooperation Council (GCC) and the European Union (EU), which concluded yesterday (Wednesday, May 17, 2017) at the headquarters of the Council’s General Secretariat at the Saudi Capital o

‘Brexit’ move tips scale in GCC’s favor: report

  • Orient Planet Research report sheds light on new economic reality for GCC countries after Brexit 
  • Financial markets and currencies to face short-term challenges; weak pound may hit tourism flow into the region 
  • Saudi takes investment precautions, but businesses confident of strong economic ties with Britain