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FinancialNews


  • 12-12-10

    Dubai's non-oil trade hits $115b in Q3

    (MENAFN) Ahmed Butti, the Executive Chairman of Ports, Free Zone and Customs Corporation and General Director of Dubai Customs, announced that the emirate's direct non-oil trade during the July-September period increased to $115 billion, compared to $97.47 billion, year on year, registering a 19 percent surge, Trade Arabia reported. India had the biggest share of non-oil trade transactions with Dubai, topping other states at a 26 percent from the overall Dubai trade exchanges, valued at $30.49 billion, explained Butti. According to official statistics, Butti revealed that the non-oil exports value had exceeded $13.61 billion by the end of third quarter, posting an increase of 38 per cent compared to a year earlier, which recorded $9.94 billion of exports. The mentioned figures confirm the competitive potency of the UAE's local products in international markets, their high quality, and the country�s diversified production base which provides exporters with different options, he said.

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