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THE ECONOMY - TRADE

UAE-China trade grow fivefold over last 10 years, says MoFT

Posted on 11/09/2012

Trade between the UAE and China has increased fivefold over the past 10 years with a growth rate of 395 percent – from USD 15.654 billion in 2011 to USD 3.12 billion in 2002. During this period, both countries achieved steady economic growth that was capable of overcoming the ramifications of the slowing global economy. Trade between the two countries is expected to grow faster in the future especially that China is now the world's second largest economy. In a study released yesterday by the ...  >>MORE

Dubai's trade exchange with European Union countries amounted to Dh77.2 billion during H1, 2012

Posted on 10/09/2012

The volume of Dubai's trade exchange with the European Union countries amounted to Dh77.2 billion during the first six months of 2012 compared with the Dh77 billion registered during the same period last year, according to Dubai Customs' latest statistical report on foreign trade. The value of Dubai's imports from the EU countries reached Dh61.2 billion during the January-June period this year, totalling nearly the same value registered during the first six months of last year, while its ...  >>MORE

Ministry of Foreign Trade: Promising Opportunities for UAE Food Exporters

Posted on 09/09/2012

The Ministry of Foreign Trade (MOFT) has announced that the UAE's food manufacturing industries are achieving rapid growth and are witnessing an increase in their exports, which are penetrating many world countries. MOFT said that the country's world-renowned dates and dates products, which are produced in accordance with the high food manufacturing standards adopted in the UAE, are leading this regard. Mr. Mohammed Nasser Hamdan Al Za'abi, head of the Trade Promotion Department at the ...  >>MORE

Abu Dhabi export push to diversify economy

Posted on 09/09/2012

The Abu Dhabi Government has called for another big export push, despite releasing figures showing more than 2,000 companies in the emirate are selling goods abroad. A further 74 per cent of firms in the capital have been identified as potential exporters, meaning they are ready to make the next step from selling locally to overseas. The data relates to non-oil businesses only. "We are screening companies to see if they're ready to export and if they are, we are helping them with advice and ...  >>MORE

Dubai Chamber members’ trade hits Dh181b mark

Posted on 09/09/2012

Dubai's trade sector continues to lead the economic growth of the emirate as the total exports and re-exports of Dubai Chamber's members hit a record Dh181 billion mark for the first eight months of the year. The trade value of January to August period is the highest figure recorded for the period, surpassing the previous record of Dh104.4 billion in 2008, and demonstrates that Dubai's trade sector continues to prosper. Saudi Arabia becomes the largest and busiest destination for Dubai ...  >>MORE

Mozambique President visits UAE Pavilion at "Maputo International Trade Fair"

Posted on 29/08/2012

The Mozambique capital city of Maputo has seen the launching on Monday of the 'Maputo International Trade Fair', in which the UAE Ministry of Foreign Trade (MOFT) is taking part through a delegation that includes a number of national companies and institutions from both the private and public sectors. The Ministry of Foreign Trade's stated objective of participating in the 48th edition of the annual fair is to promote UAE investments, strengthen the country's trade exchange and explore ...  >>MORE

Dubai's non-oil foreign trade volume increases 12pc in H1 2012

Posted on 28/08/2012

Dubai's non-oil foreign trade has climbed to a record Dh 602bn during the first half of 2012, reflecting a 12pc increase compared to the Dh 537bn achieved over the same period in 2011, according to the latest statistics from Dubai Customs. Ahmed Butti Ahmed, Executive Chairman of Ports, Custom and Free Zone Corporation, and Dubai Customs Director General, explains that these figures include non-oil direct trade, free zone trade and customs warehouses. Dubai's imports have shown a growth of ...  >>MORE

UAE non-oil foreign trade stood at Dh1.3 trillion in 2011

Posted on 26/08/2012

The non-oil foreign trade sector in United Arab Emirates surged Dh1.3 trillion in 2011 compared to Dh1.1 trillion in previous year, up by Dh200 billion at growth rate of 18. 2 per cent, according to the initial statistical reports released by the Federal Customs Authority (FCA). It added in a statement issued yesterday that the total of UAE non oil foreign trade increased to Dh927.7 billion during the year, while the value of free zones' trade increased to Dh367.7 billion, of which Dh212.5 ...  >>MORE

Saudi Arabia largest export market for Dubai

Posted on 16/08/2012

Saudi Arabia largest export and re-export market for Dubai Chamber members in first half of 2012 with a total value of Dh36.3 billion, a recent study developed by Dubai chamber of commerce and Industry said. While the study highlighted that the Value of exports and re-exports of 9,194 members during the first half of 2012 grew by 13 per cent at Dh136.2 billion in the same period of 2012. Dubai Chamber members' exports and re-exports to Saudi Arabia during the first six months of 2012 reached ...  >>MORE

Dubai Department of Economic Department sees 17 % increase in trade licenses issued in Q2 2012

Posted on 14/08/2012

The total number of trade licenses issued by the Dubai Department of Economic Department (DED) during the second quarter of 2012 reached 4,499, a 17 per cent increase from the 3,859 licenses issued over the same period in 2011. More licenses were issued in the Commercial, Professional, Tourism and Industrial categories reflecting a growing interest in investing and doing business in Dubai. "The Tourism sector accounted for the largest increase (51%) in business licenses during the April-June ...  >>MORE

Asia: Top destination of Abu Dhabi's non-oil exports

Posted on 14/08/2012

Statistics Centre - Abu Dhabi (SCAD) issued yesterday its annual report on non-oil merchandise trade through the ports of the Emirate of Abu for the year 2011, to support decision makers and businesses with accurate and up-to-date statistics on the non-oil merchandise that entered or exited the territory of the Emirate of Abu Dhabi through the emirate's ports (including air, sea and land ports) during last year, highlighting the relative importance of each individual component of imports, ...  >>MORE

Abu Dhabi DED promotes G2B online trade license system, activates G2G for government authorities

Posted on 12/08/2012

The Department of Economic Development in Abu Dhabi has announced the promotion of the online services it provides in its website with regards to trade license transactions commonly known as G2B appertaining to online renewal of trade licenses and paying off violations, aiming to ease the burden on investors and businessmen, and save time. The initiative aims to strengthen Abu Dhabi Objectives of having an E-government. The DED has also announced the promotion and activation of its G2G ...  >>MORE

American exports to the Emirates top Dh100bn

Posted on 08/08/2012

US exports to the UAE jumped by more than half in the first five months of the year to US$27.4 billion (Dh100.64bn) as smaller businesses joined giants such as Boeing and General Electric in selling goods and services. A surge in US businesses setting up offices and branches in the UAE also helped to fuel the increase. Close to 1,000 American companies now have offices here, up from 750 18 months ago. "Now we're seeing the smaller and medium companies looking to the Middle East as a growth ...  >>MORE

Dubai Chamber members' exports and re-exports see 16.4% growth in July

Posted on 08/08/2012

As part of its commitment to create new business networking opportunities for its vast network of stakeholders, the Dubai Chamber of Commerce and Industry recently hosted a Business Networking Suhour at Dubai World Trade Centre. The Business Networking Suhour, which accredited Dubai's growth to the private-public sector partnership, was attended by Abdul Rahman Saif Al Ghurair, Chairman and Hamad Buamim, Director General, Dubai Chamber, as well as heads of business councils and groups, a host ...  >>MORE

DCCI members’ exports and re-exports rise 13.3% to Dhs136.2b in H1

Posted on 05/08/2012

The value of exports and re-exports by Dubai Chamber of Commerce and Industry (DCCI) members reached Dhs136.2 billion during the first six months of this year, an increase of 13.3 per cent compared to the same period in 2011. Dubai Chamber's half year data shows that its members' exports and re-exports between January and June 2012 were worth Dhs16 billion more than the same period in 2011, when they were valued at Dhs120.3 billion. Also, making a record was the month of May as Dubai ...  >>MORE

UAE- Australian relations witness remarkable growth

Posted on 02/08/2012

The bilateral relations between UAE and Australia have witnessed remarkable progress in the recent years since the opening of the UAE Embassy in Canberra in 1997. Both countries enjoy long term bilateral relations based on trade in the areas of oil, gas, minerals, meat, livestock and others. They also have cooperation ties in the fields of military, defence and security. H. H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister and Australian Foreign Minister Bob Carr signed yesterday the ...  >>MORE

Dubai Chamber membership rises 30 per cent in H1 2012

Posted on 02/08/2012

The value of exports and re-exports by Dubai Chamber of Commerce and Industry members reached Dh 136.2 billion during the first six months of this year - an increase of 13.3% compared to the same period in 2011. Dubai Chamber's half year data shows that its members' exports and re-exports between January and June 2012 were worth Dh 16 billion more than the same period in 2011, when they were valued at Dh 120.3 billion. Also, making a record was the month of May as Dubai Chamber members' ...  >>MORE

DED issues 1,298 trade licences in June 2012

Posted on 31/07/2012

The Dubai Department of Economic Department (DED) issued 1,298 new trade licences during June 2012, indicating a growing interest in commercial and professional activities among businessmen and investors in Dubai. Commercial licences accounted for 72 per cent of the total licences issued, followed by professional (25 per cent), industrial (1 per cent) and tourism (2 per cent). The month of June also saw 4,998 being amended while 7,647 licences were renewed. The total number of business ...  >>MORE

UAE needs to expand free trade pacts

Posted on 29/07/2012

International relations are at the crossroads with recent global events leading to a shift in balance of power between nations. Just as the Cold War led to a new alliance of political and strategic forces, the global financial crisis has led to restructuring economic relations and redrawing of the global economic map These changes include China's rise to the position of the world's second-largest economy last year from the fifth spot within a few years, with the removal of Japan, Germany and ...  >>MORE

UAE-Italy trade grows 27 per cent in first half

Posted on 29/07/2012

Trade between the UAE and Italy grew by 27 per cent in the first six months of 2012, and bilateral trade between the two countries increased to 5 billion euros in 2011 amidst expectations to increase further in the year. Christian Lungarotti, first secretary and deputy head of the Italian Embassy to the UAE, told Gulf News in an interview that trade exchanges favoured Italy which exported 4.7 billion Euros to the UAE and it imported commodities worth 300 million euros from the UAE in 2011. ...  >>MORE

UAE top destination for India’s exports

Posted on 23/07/2012

New Delhi: The UAE has emerged as the top export destination for India during 2012, while the country's shipments to the US are declining, a study has said. Although the US has maintained its high position in India's top 10 export destinations over the years, its share in the country's total exports has registered a slip from about 21 per cent in 2001 to 17 per cent in 2006 to 12 per cent in 2012, industry body PHDCCI said in the study. Whereas, UAE's contribution has increased to 12 per cent ...  >>MORE

UAE considers technology for enduring growth: Lubna

Posted on 22/07/2012

Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade has said that UAE considers technology an important ingredient for enduring growth. ‘We are in fact in the midst of transitioning the country into a digital, knowledge-based society that relies heavily on innovation to fulfil its development goals, ‘ she said while attending the ‘Launching of Tejari Solutions', here today. Sheikha Lubna inaugurated the new office of Tejari at the Dubai Media City in the presence of high ranking ...  >>MORE

UAE-Saudi trade volume hits Dh178.7 billion in 12 years

Posted on 19/07/2012

The UAE and Saudi customs have discussed latest updates about customs issues of mutual interest between the two countries, the aspects of cooperation to facilitate customs activities in border outlets, mechanisms for facing challenges to intra-trade and electronic connection between the Ghuwaifat and Al-Batha Customs authorities during their two day meetings hosted by the Federal Customs Authority (FCA). In the fourth meeting of the General Directors of the UAE and Saudi Customs Authorities, ...  >>MORE

Lubna Al Qasimi receives "Lifetime Achievement Award"

Posted on 18/07/2012

Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade has received "Lifetime Achievement Award" at the Asia HRD Congress 2012 held in Bangalore in India. The award was presented by Malaysian First Lady Datin Seri Rosmah, the guest of honour of the ceremony. Sheikha Lubna received the award in recognition of her valuable role in the field of human development, support for women and young workforce as well as her charitable contributions. On the occasion, she said that building human ...  >>MORE

Dubai Trade marks transactions worth Dh1b

Posted on 17/07/2012

A total of Dh1 billion have been collected and more than one million transactions from the trading community have been conducted via Rosoom, the electronic payment gateway of Dubai Trade, the leading cross-border trade facilitator under Dubai World. The milestone, which was reached recently following nearly four years since the gateway was launched, underpins the big success Rosoom enjoys with the trading community. The highly secure, flexible and innovative payment gateway complements Dubai ...  >>MORE

MoFT's study: trade robust growth in 2011

Posted on 08/07/2012

A new study by the Ministry of Foreign Trade (MoFT) said the UAE's trade in 2010 grew 14.2% year-on-year and 23% in 2011. The value of the UAE's non-oil exports and re-exports in 2011 grew by 20.8% year-on-year while imports grew by 24.2% reflecting the growth of the country's sectors such as construction and manufacturing industries, according to MoFT's new study. India, Switzerland and Saudi Arabia maintained their rankings in 2010 and 2011 as the UAE's top three markets of the UAE's ...  >>MORE

Abu Dhabi's non-oil merchandise trade grows to Dh13.5 Billion in March 2012, says SCAD

Posted on 05/07/2012

Non-oil merchandise trade through the ports of the emirate of Abu for the month of March 2012 reached 13.5 billion in March 2012, with imports amounting to Dh10.79 billion to account for 79.8 percent of the total, non-oil exports at Dh1.83 billion, 13.5 percent of the total and re-exports at Dh0.90 billion, 6.6 percent of the total, according to a recent report by the Statistics Centre - Abu Dhabi (SCAD). Non-oil merchandise trade: March 2012 Total non-oil merchandise trade increased by ...  >>MORE

UAE's non-oil foreign trade grew 23% in 2011

Posted on 03/07/2012

The UAE's non-oil foreign trade grew 23% or Dh173.3 billion in 2011 to Dh927.6 billion from Dh 754.4 billion in 2010, official figures showed. Figures released by National Bureau of Statistics (NBS) said imports surged to Dh602.8 billion in 2011 from Dh485.4 billion in 2010, an increase of 24.2%, while exports saw a growth of 37.2% from Dh83.1 billion in 2010 to Dh114 billion in 2011. Re-exports soared 13.4% to Dh210.8 billion in 2011 from Dh185.9 billion in 2010. In terms of imports, East ...  >>MORE

Dubai's trade with Egypt grows 36% during first quarter of 2012

Posted on 28/06/2012

Dubai's trade with the Arab Republic of Egypt recorded a significant growth of 36 per cent during the first quarter of 2012, reaching Dh2.2 billion (LE 3.5 billion), compared to Dh1.6 billion (LE 2.6 billion) in the first quarter of 2011. According to the latest statistics released by Dubai Customs on Dubai's foreign trade during the first quarter of this year, the value of Dubai's total imports from Egypt during the period from January to March of this year reached Dh540 million, compared ...  >>MORE

Dubai foreign trade surges Dh298.1 billion in Q1 2012

Posted on 26/06/2012

Dubai's non-oil foreign trade registered 6.6 per cent growth during the first quarter of 2012, amounting to over Dhs298.1 billion, compared to Dhs279.7 billion achieved in the first quarter of last year, according to latest statistics released by Dubai Customs. Ahmed Butti Ahmed, Executive Chairman of Ports, Custom and Free Zone Corporation, Dubai Customs Director General, said, "The continued growth in Dubai's foreign trade reflects the strength and resilience of the UAE economy, thereby ...  >>MORE

Lubna: UAE among world's 5 top coffee re-exporters

Posted on 16/06/2012

The UAE is among the world's major five coffee re-exporting countries as the value of its trade in the material reaching Dh216 million in 2011 with a growth rate of 48% over 2010. The UAE managed in placing itself among the world's producers of foods as it is an important hub located halfway between producing countries and targeted markets and enjoys large storage capacities ensuring the demands of the largest number of consumers worldwide are met, she noted. Sheikha Lubna made her remarks ...  >>MORE

Dubai's DCCI and Georgia Chamber of Commerce sign MoU to increase investment

Posted on 13/06/2012

The Dubai Chamber of Commerce and Industry, or DCCI, has signed a Memorandum of Understanding (MoU) with Georgia Chamber of Commerce '&' Industry to increase investment, trade and economic cooperation between the two countries. The MoU which signed by Hamad Buamim, Director General of Dubai Chamber, and Kakha Baindurashvili, President of Georgia Chamber aims to foster friendship and understanding between the business communities of Georgia and Dubai and promote cooperation in trade, ...  >>MORE

Lubna addresses Arab Australian Forum in Sydney

Posted on 06/06/2012

Sydney - The Minister of Foreign Trade Sheikha Lubna bint Khalid Al Qasimi has stressed that the UAE had succeeded in building strong commercial and economic ties and successful partnerships with a large number of countries worldwide. The UAE's efforts towards building strong relations with all parties, coupled with its strong economy, efforts to diversify its economy and well-established non-oil sectors, are crucial to the country's overcoming of the global financial crisis and achieving ...  >>MORE

Dubai Exports builds on trade with South America

Posted on 03/06/2012

Dubai Exports, the export promotion agency of the Department of Economic Development - Government of Dubai, is advancing its efforts to boost local exports and trade relations with various organisations and institutions in South America, particularly in the countries of Brazil and Peru. Following on from its trade missions to high-growth markets in South America in 2010 and 2011, Dubai Exports led a delegation of six UAE companies to Brazil and Peru between May 30 and June 2 this year. The ...  >>MORE

Brazilian imports to UAE reach US$812m

Posted on 31/05/2012

Brazilian imports to the Arab countries have reached US$4.2 billion from January to April 2012, representing an increase by 3 per cent in relation to the same period in 2011. Exports from Arab countries, in turn, have also registered an important increase during the period, by 37 per cent in relation to the previous year, reaching US$3.4 billion. From the total of US$4.2 billion in Brazilian imports during the period from January to April 2012, Saudi Arabia is in the lead as main ...  >>MORE

UAE upholds values of free trade

Posted on 27/05/2012

Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular. In essence, the UAE resembles the US in being receptive to foreign trade. Many countries including China enjoy trade surpluses with the US. The UAE enjoys a surplus in its trade balance and as such in its current account by virtue of being a key exporter of oil to international markets. Steady oil prices for several years in a row have been ...  >>MORE

UAE first among Arab countries and 19th in the world in World Economic Forum's Global Enabling Trade Report 2012

Posted on 24/05/2012

The UAE continues to lead the Arab region and is ranked 19th globally in the Global Enabling Trade Report 2012 released by the World Economic Forum (WEF). It also figures among the top 10 nations in Efficiency of Import-Export Procedures as well as Physical Security in the report covering 132 countries. The Enabling Trade Index developed in consultation with key industry leaders, academics and international organisations in the trade arena measures the extent to which economies have ...  >>MORE

UAE's non-oil trade in 2011 reaches Dh927.7 billion

Posted on 21/05/2012

The non-oil foreign trade sector in United Arab Emirates surged to around Dh1 trillion during 2011, according to recent figures released yesterday by the Federal Customs Authority (FCA). With a year-on-year growth rate of 23%, the UAE's non-oil trade in 2011 increased by Dh173.4 billion, up from Dh754.3 billion in 2010 to Dh927.7 billion in 2011, FCA said. FCA said the growth curve reflects a systematic monthly rate fluctuating between 20% and 23% manifesting an annual growth rate of 23% ...  >>MORE

UAE remains top market for Japan

Posted on 16/05/2012

The UAE maintained its position as the largest market for Japanese products in the Middle East in the first quarter of 2012 after a sharp rise over the same quarter of last year, according to official Japanese data. The UAE also emerged as the region's second largest exporter to the Asian industrial giant after Saudi Arabia and the bulk of those exports included crude oil and gas, the Japanese External Trade Organisation (Jetro) said. Jetro's latest statistics bulletin also showed higher ...  >>MORE

The 6th Abu Dhabi Singapore Joint Forum held in Abu Dhabi

Posted on 08/05/2012

The 6th Abu Dhabi-Singapore Joint Forum (ADSJF) was held in Abu Dhabi yesterday under the co-chairmanship of Khaldoon Al Mubarak, Chairman of the Executive Affairs Authority of Abu Dhabi and Lee Yi Shyan, Singapore's Minister of State for Trade and Industry and National Development. The Forum was jointly organised by the Executive Affairs Authority (EAA), and International Enterprise (IE) Singapore, the government agency driving Singapore's external economy. The Forum convened approximately ...  >>MORE

UAE-South Korea joint Commission calls for activation of bilateral agreements

Posted on 08/05/2012

The third meeting of UAE-South Korea joint economic committee concluded in the UAE capital Abu Dhabi yesterday with a call to activate all the bilateral agreements between them. The meeting, co-chaired by UAE minister of economy Sultan Bin Saeed Al Mansouri and S.Korea's Minister of Strategy and Finance Jae Wan Bahk, renewed the resolution to further develop the relations into wider horizons in the coming phase. The meeting was attended by senior executives from various government sectors ...  >>MORE

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Quick List

UAE-China trade grow fivefold over last 10 years, says MoFT


Dubai's trade exchange with European Union countries amounted to Dh77.2 billion during H1, 2012


Ministry of Foreign Trade: Promising Opportunities for UAE Food Exporters


Abu Dhabi export push to diversify economy


Dubai Chamber members’ trade hits Dh181b mark


Mozambique President visits UAE Pavilion at "Maputo International Trade Fair"


Dubai's non-oil foreign trade volume increases 12pc in H1 2012


UAE non-oil foreign trade stood at Dh1.3 trillion in 2011


Saudi Arabia largest export market for Dubai


Dubai Department of Economic Department sees 17 % increase in trade licenses issued in Q2 2012


Asia: Top destination of Abu Dhabi's non-oil exports


Abu Dhabi DED promotes G2B online trade license system, activates G2G for government authorities


American exports to the Emirates top Dh100bn


Dubai Chamber members' exports and re-exports see 16.4% growth in July


DCCI members’ exports and re-exports rise 13.3% to Dhs136.2b in H1


UAE- Australian relations witness remarkable growth


Dubai Chamber membership rises 30 per cent in H1 2012


DED issues 1,298 trade licences in June 2012


UAE needs to expand free trade pacts


UAE-Italy trade grows 27 per cent in first half


UAE top destination for India’s exports


UAE considers technology for enduring growth: Lubna


UAE-Saudi trade volume hits Dh178.7 billion in 12 years


Lubna Al Qasimi receives "Lifetime Achievement Award"


Dubai Trade marks transactions worth Dh1b


MoFT's study: trade robust growth in 2011


Abu Dhabi's non-oil merchandise trade grows to Dh13.5 Billion in March 2012, says SCAD


UAE's non-oil foreign trade grew 23% in 2011


Dubai's trade with Egypt grows 36% during first quarter of 2012


Dubai foreign trade surges Dh298.1 billion in Q1 2012


Lubna: UAE among world's 5 top coffee re-exporters


Dubai's DCCI and Georgia Chamber of Commerce sign MoU to increase investment


Lubna addresses Arab Australian Forum in Sydney


Dubai Exports builds on trade with South America


Brazilian imports to UAE reach US$812m


UAE upholds values of free trade


UAE first among Arab countries and 19th in the world in World Economic Forum's Global Enabling Trade Report 2012


UAE's non-oil trade in 2011 reaches Dh927.7 billion


UAE remains top market for Japan


The 6th Abu Dhabi Singapore Joint Forum held in Abu Dhabi


UAE-South Korea joint Commission calls for activation of bilateral agreements