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FINANCIAL NEWS
Dubai Chamber’s Jan-Nov exports, re-exports up 16%
21 Dec 2011
(MENAFN) The Dubai Chamber’s second vice-chairman, Hisham Al Shirawi, said that in the January-November period, exports and re-exports of the chamber’s members jumped 16 percent, reaching USD61 billion from USD52.6 billion in 2010, reported Khaleej Times.
Al Shirawi added that showing the strong performance of the trade sector in 2011 were the certificates of origin issued by Dubai Chamber during the year’s first 11 months which grew to reach 639,000.
On the other hand, he said that Dubai Chamber’s members’ exports and re-exports last month grew 2.4 percent from last year’s same period to USD5 billion.
It is worth noting that according to Al Shirawi, Dubai’s core activities of tourism, trade, and retail sales would be the key drivers for economic growth the coming year, adding that the country’s banks repositioned themselves to withstand Europe’s sovereign debt crisis.
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