March 16, 2021 12 min read Opinions expressed by
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When the Abraham Accords were brokered between the UAE and Israel last September, it brought forward hope for renewed peace and greater prosperity in the region. While this signals to a future that is yet to unfold, the value inherent in this agreement between Israel and the UAE has already been revealing itself from a trade and business perspective.
Economic experts predict that bilateral trade between Dubai and Israel is expected to reach AED15 billion in the next few years, says Hassan Al Hashemi, Vice President of International Relations, Dubai Chamber of Commerce and Industry. From September 2020 to January 2021, as per Dubai Customs statistics, Dubai’s trade with Israel reached AED1 billion in value and 6.217k tonnes in volume, of which imports were valued at AED325 million (or 718 tonnes), exports
Virtuzone And Seven Pillars Team Up To Help MENA Companies Expand Into Central Asian Markets A new joint venture to support MENA-based companies to set up shop in Russia, China, and Central Asia. Franchise Your Business
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You re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
Virtuzone, a UAE-based free zone and mainland company setup platform based in the UAE, has formed a joint venture with Kazakhstan-based international law firm Seven Pillars in an attempt to facilitate company formation and provide legal services in Russia, China, the Commonwealth of Independent States (CIS) and Central Asia.