Foreign Minister Kevin Rudd has appointed a new ambassador to the United Arab Emirates with a non-resident accreditation to the State of Qatar.
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The world’s tallest building, the Burj Khalifa, has opened in Dubai. Chairman of the Australia Arab Chamber of Commerce and Industry (AACCI) Ray Najar said it was testament to the underlying economic strength and internal political cohesion of the United Arab Emirates. Najar confirmed that the UAE was still a sound market for Australian businesses [...]
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Dubai, until recently one of the most prosperous nations of the United Arab Emirates, has fallen into economic trouble. The state-owned company Dubai World has requested an extension to its debt repayment of US$59 billion, an amount representing almost three quarters of the debt of the entire emirate. The Dubai Government last week sought a [...]
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Recent research in the USA and Dubai in the United Arab Emirates by Los Angeles-based Horizon Consumer Science reveals the Australian Made Australian Grown (AMAG) logo is growing in recognition and has very favourable associations. The Dubai research, conducted in July 2009, showed that Middle Eastern importers hold Australian products and produce in high regard. [...]
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Queensland Premier Anna Bligh has embarked on a trade mission that will see her spruik education to India, open a trade office in the United Arab Emirates (UAE) and convince Russia to lift import bans on kangaroo meat. Bligh’s first stop is Queensland’s fourth largest trading partner, India, where the Premier will put forward Queensland’s [...]
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Queensland Premier Anna Bligh will resume plans for a 10-day trade mission next month after initial plans were postponed due to the threat of swine flu. Originally planned for May, following Bligh’s election win, the trip to India, Russia and the United Arab Emirates will now go ahead in October. Bligh decided to postpone the [...]
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The Australian Competition and Consumer Commission (ACCC) today launched proceedings against international airline Emirates after an investigation over whether the airline colluded with others to fix air cargo prices. The ACCC suspects that between 2002 and 2006, “Emirates entered into arrangements or understandings with other international air cargo carriers that had the purpose and effect [...]
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The Export Finance and Insurance Corporation (EFIC) has indicated that businesses with connections in Dubai can expect payment delays, contract renegotiations and unfair calling of performance bonds with the emirate’s construction boom coming to an end. In EFIC’s World Risk Developments newsletter for July, senior economist Dougal Crawford warns: “Up to US$250 billion worth of [...]
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The NSW Budget has made a $269 million allocation for state development, which Minister for State Development Ian Macdonald says is an increase of 45 percent on the previous year. The Department of State and Regional Development (DSRD) efforts include $63 million for investment attraction and industry development and $11 million for international market and [...]
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The HSBC Trade Confidence Index has found that businesses in the trade hub of the United Arab Emirates show more confidence than their Asian counterparts in Hong Kong and Singapore. About three in four UAE traders indicated that they expected trade volumes to increase or stay the same, compared with 64 percent in Singapore and [...]
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