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FinancialNews


  • 06-10-19

    Surge in non-oil foreign trade in Dubai

    (MENAFN) Dubai, a city in the United Arab Emirates (UAE), registered a 5 percent boost in its non-oil foreign trade from January to June 2019 to stand at around USD184 billion compared to the USD175 billion marked during the same period last year.

    In a statement, the media office of the Dubai Government confirmed the figure to be reflecting an 87 percent "staggering growth" compared to 2009 figures.

    Crown Prince of Dubai Sheikh Hamdan bin Mohammed commented "the strong performance of Dubai's foreign trade reflects the robust fundamentals of our economy and our ability to generate fresh growth opportunities even in an adverse global environment."

    He added "Dubai's ability to maintain high levels of trade growth is a tribute to the vision and planning of its leaders who sought to drive economic diversification at an early stage and create a hard and soft infrastructure that empowers growth."

    Exports were also revealed to have recorded a 17 percent surge with re-exports jumping 3 percent and imports climbing by 4 percent.

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