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Asia Today ISSN 1861-4604 Thursday, October 18, 2018


GCC-Germany trade reaches AED135bn in 2013

Euler Hermes GCC executives attend GCC-Germany Business and Investment Forum in Berlin.

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Trade between the GCC countries and Germany reached €26.5 billion (Dh134.6bn) in 2013, with the UAE accounting for Dh54.6 billion of the total trade, according to global credit insurance company Euler Hermes, reports the online journal

Massimo Falcioni, Chief Executive Officer of GCC Countries, Euler Hermes; and Mahan Bolourchi, Director of Risk, Information and Claims, attended the GCC-Germany Business and Investment Forum in Berlin on March 12-13, emerging from the high-profile meeting with renewed optimism over the prospects of trade between the Arab world and Germany.

"I am very delighted to be invited to attend such important forum promoted by the Arab German Chamber of Commerce and Industry and Arab Chamber of Commerce here in Berlin. Euler Hermes plays a strategic role in supporting German companies that trade and invest in the GCC region, and the outcome from the forum is a confirmation of the strong partnership between Germany and GCC region," Falcioni said.

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