UAE Plans to Double Re-Exports by 2030

Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)
Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)
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UAE Plans to Double Re-Exports by 2030

Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)
Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)

The UAE approved 24 national initiatives seeking to double its re-export by 100 percent within the seven coming years through benefiting from the 50 commercial offices worldwide.

The initiatives include the establishment of a national re-export committee, which mainly contributes to supporting an increase in re-export rates. They mainly focus on developing new specialized areas in coordination with local governments and a value-added program for re-export.

The initiatives were launched during a cabinet session chaired by Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.

Sheikh Mohammed said: "We will double the country's re-export by developing specialized areas in cooperation with local governments, establishing the International Trade Links Center, launching supportive programs, and increasing foreign investments in the service sector.

The cabinet reviewed UAE's economic achievements during 2022 under the Comprehensive Economic Partnership Agreement (CEPA) with India.

The volume of non-oil trade between the two countries reached $21.5 billion by September 2022, achieving 23 percent growth in the same period in 2021 and 133 percent in 2020.

The volume of UAE non-oil exports to India recorded $5.3 billion in the same period, with a growth rate of 12 percent compared to the same period in 2021 and 154 percent compared to 2020.

"The meeting reviewed more than 19 initiatives to attract talent to the country. The UAE ranked second globally in the Competent Senior Managers indicator. Our goal is to attract the best talents in the world as we continue to empower and enable our Emirati talents and national cadres," according to Sheikh Mohammed.

The Vice President indicated that the session reviewed the Higher Commission Free Trade Negotiations results.

The UAE "signed four international agreements with four countries. The positive impact of international agreements is reflected clearly in the numbers of the UAE's foreign trade."

Sheikh Mohammed stated, "The meeting approved hosting the International Union for Conservation of Nature World Conversation Congress (IUCN) in 2025, which attracts more than 10,000 experts from more than 160 countries. The UAE will remain a leading hub for sustainability, nature conservation, and protection."

The cabinet approved a new federal law to replace the Federal Law on Maritime Commercial law, a Federal Decree Law about reorganizing the Higher Colleges of Technology (HCT), in addition to a ministerial decision adopting the UAE's approach for aircraft and unmanned aerial vehicles (Drones) products and systems in the country.

During the meeting, the cabinet approved ratifying the Comprehensive Economic Partnership Agreement with Türkiye and Côte d'Ivoire.

It also ratified the country's accession to the Arab Customs Cooperation Agreement, the Digital Economy Partnership Agreement (DEPA), and the Agriculture Innovation Mission for Climate.



Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
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Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)

flynas, Saudi Arabia’s leading low-cost carrier, has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and 15 A330-900. This strategic agreement will expand the airline's capacity, range and enhance its overall fleet capabilities.
Signed during Farnborough International Airshow in the presence of President of the General Authority of Civil Aviation (GACA) of Saudi Arabia, Abdulaziz bin Abdullah Al-Duailej, Chairman of the Board of NAS Holding Ayed Al Jeaid, flynas Chief Executive Officer & Managing Director Bandar Almohanna, and Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer, Airbus said on its website.
The new aircraft will join the carrier’s all Airbus fleet serving international, domestic and regional routes. The new A330-900 aircraft will boast a two-class configuration, accommodating up to 400 passengers.
"We are excited to further strengthen our long-standing partnership with Airbus," said Bander Almohanna, CEO and Managing Director of flynas. "The A320neo Family provides exceptional operational performance and environmental benefits, allowing us to offer unique, low-cost travel experiences. Additionally, the A330neowill enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia’s pilgrim program."
Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer said, "We are delighted to expand our partnership with flynas through this significant milestone for both A320neo and A330-900 aircraft. The A330neo will allow flynas to further grow into widebody markets by building on the A320, benefiting from Airbus’ unique commonality. Both aircraft types offer flynas the perfect versatility and economics to expand into new markets while offering their passengers the latest cabin experience and comfort. We look forward to continuing our successful collaboration with flynas as they embark on this exciting new chapter."
The addition of the A330-900 aircraft will support flynas' ambitious growth plans. The airline anticipates significant operational efficiency gains by combining the new widebody aircraft with its existing A320neo fleet. The A330-900 offers increased capacity and range at unrivaled seat costs, ensuring flynas can compete effectively in the growing regional market, a key focus area for the airline.
The A330neo delivers unbeatable operating economics, powered by the latest-generation Rolls-Royce Trent 7000 engines, featuring new wings and a range of aerodynamic innovations resulting in a 25 percent reduction in fuel consumption and CO₂ emissions compared to previous generation competitor aircraft. The A330neo is capable of flying 8,150 nm / 15,094 km non-stop, providing ultimate comfort with more passenger space, a new lighting system, latest in-flight entertainment systems and full connectivity throughout the cabin.
As with all Airbus aircraft, the A330 family is already able to operate with up to 50% Sustainable Aviation Fuel (SAF). The manufacturer is targeting to have its aircraft up to 100% SAF capable by 2030.