UAE-Bahrain Trade Returning To Pre-coronavirus Levels

Bahrain's trade for the first half of the year reached $10.4bn globally, down 2% on 2019
Trade between the UAE and Bahrain has returned to levels not seen since before the Covid-19 pandemic, with new figures revealing $936 million in bi-lateral commerce during the first half of the year.
June's figures showed the positive economic impact of support measures on the economies of both countries, with trade returning to $139.6 million – the highest levels since coronavirus struck the region in March this year.
According to the new figures, Bahrain's overall trade for the year-half reached $10.4 billion globally, including $2.9 billion to other GCC nations.
Bahrain's overall trade for the year-half reached $10.4 billion globally
Despite the Covid-19 pandemic, the kingdom's overall global trade figures during H1 reduced by just two percent.
Exports to the GCC over the first half of the year represented 66 percent of the total figure, while imports to the kingdom from the rest of the GCC represented 34 percent of Bahrain's bilateral trade.
Race For Private Markets Firms To Establish UAE Office Gets Hotter
EQT, Eurazeo, Pollen Street, Baron Capital and Silver Point – with collective AUM of over $700bn – expanding in Abu... Read more
Qatar Tax Authority Exempts $247m In Penalties For 4,000 Companies
Qatar announces success of tax penalty exemptions Read more
ADIA Reportedly Eyeing 30% Stake Acquisition In Aggreko
Bloomberg reports that KKR and CVC Capital Partners also interested in a deal that could value the Glasgow-based compan... Read more
Dubai Taxis Now Accept American Express Payments
The taxi companies included in the agreement are National Taxi, Arabia Taxi, Kabi Taxi, Dubai Taxi Corporation, and Met... Read more
Saudis ACWA Powers $1.9bn Rights Issue Approved By Shareholders
Company earmarks nearly $1.59bn for financing current and future projects and up to $380mn for mergers and acquisitions Read more
Abu Dhabi SME Champions Program Delivers $183m In Deals, Boosts Procurement Opportunities
Khalifa Fund’s SME Champions Program enabled 652 deals worth $183m by 2024, with registered companies nearly tripling... Read more