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Home Launch

Ministry of Economy launches interactive & smart online app showing UAE’s economic and foreign trade relations

StartUp Terminal Bureau by StartUp Terminal Bureau
August 8, 2021
in Launch
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Ministry of Economy launches interactive & smart online app showing UAE’s economic and foreign trade relations
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ST Bureau
Dubai

The
Ministry of Economy launched an interactive and smart online application to
strengthen the UAE’s economic and foreign trade relations with countries across
the world. The platform will provide updated information on each country in
relation with the UAE alongside its economic indicators, key figures, foreign
investment agreements, and joint trade committees. This will also enhance the
speed and accuracy of obtaining information with regard to federal and local
government agencies and the domestic private sector.  




H.E.
Eng. Sultan bin Saeed Al Mansoori, Minister of Economy, led the launching of
the interactive application on the Ministry’s website, in the presence of H.E. Eng.
Mohammed Ahmed bin Abdul Aziz Al Shehhi, Ministry’s Undersecretary for Economic
Affairs; H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy for
Foreign Trade and Industry; and H.E. Juma Mohammed Al Kait, Assistant Undersecretary
at the Ministry for Foreign Trade Affairs.
H.E.
Al Mansoori emphasized the Ministry’s commitment to innovate and implement
intelligent solutions that will enhance the delivery of government services through
the integration of the latest technologies. This is in line with the country’s
aspiration to lead the Smart E-Services Index according to the objectives of
the National Agenda 2021.

According
to H.E. Al Mansoori, the new application contains up-to-date data regarding the
UAE economic and foreign trade relations with other countries as well as
investment data. It seeks to ensure efficient delivery of services, in addition
to improving transparency and information accessibility.
H.E. shared the
Ministry’s success in providing electronic and smart services in accordance
with the smart government initiative of the country’s wise leadership as well
as in line with the government’s efforts to bring happiness to the people, ensure
customer satisfaction, improve the efficiency of government entities, and develop
a business-friendly environment globally. All these form part of the Ministry’s
vision to establish a diversified, competitive, and knowledge- and
innovation-driven economy led by national competencies.





The interactive
application developed by the Department of Analysis and Trade Information of
the Ministry’s Foreign Trade Sector features data in Arabic and English and on 217
countries. The details cover the volume of investments; the number of
trademarks, agencies, companies, and the investments of these countries in the
UAE in terms of value and sectors; the UAE’s investments in these countries; the
signed agreements; and other general information such as economic indices
according to the World Bank reports.

The application also
contains data on total non-oil foreign trade, including the volume of direct
trade from 1999 to third quarter of 2016 and the volume of trade in free zones from
2011 to the third quarter of 2016. All data are updated automatically.


Additionally, it
presents detailed information on non-oil direct foreign trade, including the
top five commodities for non-oil exports, imports, and re-exports. It also
includes information on bilateral agreements and Memorandums of Understanding,
joint committees and events, and delegation visits. 

Tags: LaunchNews
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

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