Connect with us

Announcements

UAE’s economic agreements with Turkey and Indonesia spring into action

Published

on

Spread the love

The United Arab Emirates (UAE) is entering a new era of economic collaboration with two rapidly growing global players as it activates two of its Comprehensive Economic Partnership Agreements (CEPAs). The UAE-Türkiye CEPA and the UAE-Indonesia CEPA have officially come into force, setting the stage for enhanced trade and investment cooperation.

The primary goal of these CEPAs is to foster economic ties by doubling non-oil trade. The UAE-Türkiye CEPA aims to elevate bilateral non-oil trade to an impressive $40 billion within five years, while the UAE’s CEPA with Indonesia seeks to push non-oil trade beyond $10 billion within the same timeframe. These agreements also aim to facilitate investment projects valued at $10 billion in various sectors.

In the words of HE Al-Zeyoudi, “The implementation of our CEPAs with Türkiye and Indonesia marks a significant step forward in our foreign trade program. Both agreements will unlock significant opportunities for our private sector in two of the world’s most dynamic centers of growth.”

These CEPAs are the third and fourth of their kind to come into force for the UAE, following successful agreements with India in May 2022 and Israel in April 2023. They are a testament to the UAE’s foreign trade agenda, strategically forging robust economic connections with nations of global importance. Both CEPAs promise to reduce or remove tariffs on a wide range of goods, eliminate trade barriers, and create pathways for investments in vital sectors like logistics, energy, food production, fintech, e-commerce, and travel and tourism.

The UAE-Indonesia CEPA, inked in Abu Dhabi in July 2022, aims to significantly boost bilateral non-oil trade from $4.08 billion to over $10 billion within five years. Additionally, the agreement targets a combined trade in services worth $630 million by 2030. Notably, over 80 percent of UAE exports to Indonesia will now be exempt from customs duties under this pact. This partnership also has an eye on nurturing the rapidly expanding Islamic economy, projected to reach $3.2 trillion by 2024. It will accelerate investment projects worth $10 billion across sectors like agriculture, energy, infrastructure, and logistics. The UAE-Türkiye CEPA is equally impactful, having eliminated or reduced customs duties on 82 percent of product lines, accounting for more than 93 percent of bilateral non-oil trade. Türkiye was the UAE’s fastest-growing top ten trading partner in 2022, witnessing a 40 percent increase in non-oil trade to $18.9 billion. The newly liberalized trade environment is set to drive this figure to an impressive $40 billion within the next five years.

HE Al Zeyoudi also stressed that the Comprehensive Economic Partnership Agreements play a vital role in attaining the nation’s objectives, in particular the vision laid out in “We The UAE 2031”, which seeks to double the UAE’s non-oil foreign trade to AED4 trillion and elevate national exports to AED800 billion. The recently published statistics from H1, 2023, which show a record non-oil foreign trade value of AED1.239 trillion for the first six months of the year, demonstrate that the UAE is firmly on track – and that the CEPA program will help maintain this upward trajectory.

Announcements

Canada Super 60 picks BC Place for groundbreaking cricket debut

Published

on

Spread the love

In a landmark development for cricket in North America, the newly launched Canada Super 60 has announced Vancouver’s BC Place as the official venue for its inaugural men’s and women’s tournaments. The move marks a historic moment for the sport in Canada, with the iconic stadium set to become the first indoor venue globally to host a 10-over-a-side cricket league.

BC Place, a Canadian sporting landmark located in downtown Vancouver, has long been a stage for world-class events — from the 2010 Winter Olympics to the FIFA Women’s World Cup in 2015, and most recently, one of the host venues for the upcoming FIFA World Cup in 2026. With its state-of-the-art infrastructure, retractable roof, and seating capacity of over 50,000, the stadium is now preparing to add cricket to its multi-sport repertoire.

“BC Place is not just a stadium; it’s a theatre of dreams,” said former India international and Canada Super 60’s strategic partner Yuvraj Singh. “The grandeur of this venue will inspire players and fans alike. Vancouver’s spirit of diversity, nature, and culture makes it the perfect backdrop for cricket’s next big chapter on the West Coast.”

Set to launch in 2025, the Canada Super 60 is a pioneering cricket league featuring both men’s and women’s teams in a 10-over format — a first-of-its-kind initiative aiming to elevate the profile of Canadian cricket on the world stage. The league is being organized with the backing of Cricket Canada.

Amjad Bajwa, President of Cricket Canada, called the partnership with BC Place a “bold and proud step” in the growth of the sport. “This is a significant milestone not just for the Canada Super 60, but for cricket in the country. We’re committed to creating world-class opportunities for Canadian talent as we gear up for the ICC Men’s T20 World Cup in 2026.”

Chris May, General Manager of BC Place, echoed the sentiment. “Hosting Canada Super 60 allows us to bring the world’s second most-watched sport into our venue and celebrate the diversity of British Columbia in a powerful new way. It’s a unique opportunity to build a more inclusive sporting culture.”

The official match dates and ticketing details are expected to be announced in the coming weeks. Organizers promise an electrifying blend of cricketing action and cultural celebration — with Vancouver’s passionate sports community playing a central role in the spectacle.

Continue Reading

Announcements

DP World ILT20 Season 4 player auction set for September 30

Published

on

Spread the love

The DP World International League T20 Player Auction for Season 4 will be held on Tuesday, 30 September in Dubai. The six tournament teams will each get the opportunity of adding 13 players each (a total of 78 players) to their Season 4 squads at the auction. Players interested in appearing for the Player Auction can register here. The last date of registration is Wednesday, 10 September.

The six franchises will have a combined purse of USD 4.8 million to spend at the Player Auction. Details about the available budgets for the teams (including the remaining budgets from their direct signing allotment which can be used in the Player Auction), the auction order and the players list will be shared in due course.

DP World ILT20 CEO David White: “We are delighted to confirm the DP World International League Season 4 Player Auction date – Tuesday, 30 September. The auction is a big milestone for the league as we continue to grow as a world-class T20 tournament. The auction will be a great opportunity for our franchises to add local and international firepower to their Season 4 squads.

“For the UAE players, the ACC Asia Cup 2025 – September 9-28 in the UAE – is a massive opportunity for making a global impression ahead of the Player Auction. The players will have incredible exposure in the continental championship where they will be pitted against some of the top-ranked T20 teams.
“We are also set to play the third edition of the DP World ILT20 Development Tournament from later this month which – alongside the Asia Cup – is another platform for the local players to impress ahead of the Player Auction.” The DP World ILT20 Player Auction is the second phase of squads’ selection for Season 4. Earlier this month, the teams completed their new signings and retentions – a total of eight players per team. The list of those selections is available below.

DP World ILT20 Season 4 – Season 4 squads so far:

Abu Dhabi Knight Riders: Alex Hales, Alishan Sharafu, Andre Russell, Charith Asalanka, Liam Livingstone, Phil Salt, Sherfane Rutherford and Sunil Narine

Desert Vipers: Andries Gous, Dan Lawrence, David Payne, Khuzaima Bin Tanveer, Lockie Ferguson, Max Holden, Sam Curran and Wanindu Hasaranga

Dubai Capitals: Dasun Shanaka, Dushmantha Chameera, Gulbadin Naib, Luke Wood, Muhammad Jawadullah, Rovmann Powell, Shai Hope and Waqar Salamkheil.

Gulf Giants: Aayan Afzal Khan, Azmatullah Omarzai, Blessing Muzarabani, Gerhard Erasmus, James Vince, Mark Adair, Moeen Ali and Rahmanullah Gurbaz.

MI Emirates: AM Ghazanfar, Chris Woakes, Fazalhaq Farooqi, Kamindu Mendis, Kusal Perera, Romario Shepherd, Tom Banton and Muhammad Waseem

Sharjah Warriorz: Johnson Charles, Tim Southee, Tom Kohler-Cadmore, Maheesh Theekshana, Saurabh Netravalkar, Sikandar Raza and Tim David
The DP World International League T20 Season 4 will begin on Tuesday, 2 December – UAE National Day (Eid-Al-Etihad) with a blockbuster opening, the six-team, 34-match tournament will conclude with the final on Sunday, 4 January 2026.

Continue Reading

Announcements

UAE travel: Emirates adds Hangzhou to its China network 

Published

on

Spread the love

The UAE’s flagship carrier launched its new daily service to Hangzhou on  Wednesday, marking yet another milestone in its growing network across China. The move comes hot on the heels of its recent route launch to Shenzhen, making Hangzhou the second new mainland destination in just under a month.

Flight EK310 touched down at Hangzhou Xiaoshan International Airport to a warm welcome – complete with a traditional water cannon salute and greetings from local officials and dignitaries. Passengers on the inaugural flight didn’t leave empty-handed either. They were treated to souvenir keychains, flight certificates, and Chinese tea tasting sets to mark the occasion.

The new route is operated on a Boeing 777-300ER, with flight EK310 departing Dubai at 9:40am and reaching Hangzhou by 10:00pm. The return leg, EK311, takes off from Hangzhou at 12:10am, landing back in Dubai by 4:55am, making it a convenient overnight hop for business and leisure travellers.

With this addition, Emirates now flies 49 times a week to five major Chinese cities: Beijing, Shanghai, Guangzhou, Shenzhen, and now Hangzhou.

Thanks to seamless connectivity through Dubai, travellers from over 40 European cities, 21 in Africa, and others in the Middle East and South America can now easily access one of China’s key tech and business hubs. The route also enables convenient two-way travel between Hangzhou and global cities like Istanbul, Cairo, Johannesburg, and Barcelona.

Best of all? UAE and GCC nationals can visit China visa-free for up to 30 days, making spontaneous business trips or leisure breaks even easier.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/