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  • 29-08-22

    UAE non-oil exchange hit trillion-dirham mark reaching AED1.58T (USD431B)

    (MENAFN) The UAE’s non-oil exchange saw a surge of 17 percent to AED1.58 trillion (nearly USD431 billion) in the first 6 months of this year – the initial time it reached higher than a trillion dirhams.

    The nation’s vice leader and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum stated that “Our economic growth is progressive and solid, our trade environment is the best, our infrastructure is not unmatched by any country, and our economic approach is stable, fair and open to everyone.”

    Non-oil shipments were surged 8 percent at AED180 billion (nearly USD49 billion) in the same span of time, whereas non-oil imports climbed 19 percent to AED580 billion (nearly USD157.9 billion), he stated in a tweet.

    Re-exports nearly reached AED300 billion (around USD81 billion), or a surge of 20 percent annually.

    According to Sheikh Mohammed, “Once again, the UAE has proven to the world the recovery of international trade after the most difficult pandemic that humanity has gone through.”

    MENAFN29082022000045014228ID1104772583

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