The Azerbaijani President Ilham Aliyev received the Chairman of the Dubai Chamber of Commerce (UAE) Majid Saif Al Gurairi.
According to the information on the official website of the head of state, the sides discussed further expansion of trade, in particular, due to the export of local products of agricultural industry and tourism after the simplification of the visa regime. The focus also was on mutual investments.
According to the State Customs Committee, by November 1, 2016 the total trade turnover between the United Arab Emirates (mainly Dubai) and Azerbaijan amounted to $ 60,590,000, most of which ($ 52.19 million) fell on imports. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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