Britain launches free trade talks with Gulf countries

22/6/2022 1:01:00 PM

Britain launches free trade talks with Gulf countries

Britain launches free trade talks with Gulf countries

LONDON, June 21 — Britain will launch talks over a new free trade deal with six Gulf states including Saudi Arabia today and charities warned it not to ignore human rights in its...

for the latest news you need to know.A DUBAI/RIYADH (June 20): The Saudi initial public offering (IPO) of the Middle East Domino's Pizza franchise has received orders for all shares on offer within hours of opening its books, according to people familiar with the matter.for the latest news you need to know.for the latest news you need to know.

Wednesday, 22 Jun 2022 5:15 PM MYT LONDON, June 21 — Britain will launch talks over a new free trade deal with six Gulf states including Saudi Arabia today and charities warned it not to ignore human rights in its latest bid to grow non-EU ties after Brexit.Trade minister Anne-Marie Trevelyan will visit Riyadh to begin discussions with the Gulf Cooperation Council (GCC), which is made up of Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates as well as Saudi Arabia.Private equity firm Carlyle Group is seeking to raise as much as US$325 million from the listing of the fast-food company on the Saudi stock exchange.In 2021 total trade between the UK and the GCC was worth £33.Saifuddin suggested that Asean will have to take into account whether only nine members should enter into negotiations and agreements.1 billion (RM177 billion), of which £11 billion in trade was with Saudi Arabia.Investor appetite for local listings remains strong, though a rally in Middle Eastern equities has faded over the past month as fears of recessions gripped global markets.“I’m excited to open up new markets for UK businesses large and small, and supporting the more than 10,000 SMEs (small and medium-sized enterprises) already exporting to the region,” Trevelyan said in a statement.So we may have to think solidly whether this is something that we may have to do and what are the legal implications,” Saifuddin said.

It is the fourth set of Free Trade Agreement (FTA) talks that Britain has launched this year after India, Canada and Mexico, as London looks to replace continuity deals it struck before it left the European Union’s trading orbit with fresh post-Brexit agreements.Alamar Foods set the price range for its IPO at 103 riyals to 115 riyals per share, implying a market value of as much as 2.“Just because one doesn’t want to sign, nine cannot sign, and we cannot enhance our trade with the EU and other dialogue partners.Britain said a deal with the GCC could reduce or remove tariffs on UK food and drink exports to the region, worth £625 million last year, and also benefit financial services.While the Gulf’s substantial oil and gas reserves will not be included in any deal, manufacturing and the supply chain for the sector would be up for negotiation.IPO books opened on Monday for institutional investors.The trade ministry said the talks could help Gulf countries diversify away from a reliance on oil to other sectors, and would look to remove tariffs on items such as British wind turbine parts.“People are still being killed, internally displaced persons do not get humanitarian assistance, and more people (refugees fleeing violence) keep coming to Malaysia,” he said.However, some charities flagged concern that any deal would not come with requirements on human rights or gender equality.The Saudi exchange has been working for several years to attract listings from companies in the region as it tries to position itself as the main venue for stock trading in Middle East.There was no representative from Myanmar during the the Special Asean-India Foreign Ministers’ Meeting.

Britain’s trade deals with Australia and New Zealand both had chapters on gender equality.“In Gulf countries, women face deep-rooted discrimination, while draconian curbs on free speech and bans on trade unions are common,” said Allan Hogarth, Amnesty International UK’s head of policy and government affairs.7% stake in Alamar, or 10.“There was only one topic on the table and that was Myanmar.“A UK-Gulf trade deal which remained silent on these issues would be wilfully ignoring serious human rights violations.” — Reuters Advertisement.The US buyout firm acquired its stake from Saudi-based firm AlJammaz Group in 2011 for an undisclosed amount.

Read more:
Malay Mail »
Loading news...
Failed to load news.

Gulf Domino's Pizza operator IPO books said covered within hours — sourcesDUBAI/RIYADH (June 20): The Saudi initial public offering (IPO) of the Middle East Domino's Pizza franchise has received orders for all shares on offer within hours of opening its books, according to people familiar with the matter.Alamar Foods' order book is fully covered, the people said, asking not to be identified as the information is not public. Private equity firm Carlyle Group is seeking to raise as much as US$325 million from the listing of the fast-food company on

Saifuddin: Myanmar crisis hampers Asean trade talks with partnersNEW DELHI, June 20 — The crisis following last year’s coup in Myanmar is hampering the 10-member Asean’s trade talks with its economic partners, Malaysian Foreign Minister...

Saifuddin: Myanmar crisis hampers Asean trade talks with partnersNEW DELHI, June 20 — The crisis following last year’s coup in Myanmar is hampering the 10-member Asean’s trade talks with its economic partners, Malaysian Foreign Minister...

Myanmar crisis hampers Asean trade talks with partners, says MalaysiaThe crisis following last year’s coup in Myanmar is hampering the 10-member Asean’s trade talks with its economic partners, Malaysian Foreign Minister Datuk Seri Saifuddin Abdullah said.

Measat-3D to boost country’s Internet servicesKUALA LUMPUR: The Measat-3D satellite, which will be launched on Thursday (June 23), will significantly improve the country’s Internet services and speed, especially in rural areas. Nak lawan Starlink ke tuu Waitin for StarLink services..Elon lets do it..affordable South East Asia region..elonmusk

Gulf Domino's Pizza operator IPO books said covered within hours — sourcesDUBAI/RIYADH (June 20): The Saudi initial public offering (IPO) of the Middle East Domino's Pizza franchise has received orders for all shares on offer within hours of opening its books, according to people familiar with the matter.Alamar Foods' order book is fully covered, the people said, asking not to be identified as the information is not public. Private equity firm Carlyle Group is seeking to raise as much as US$325 million from the listing of the fast-food company on