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FINANCIAL NEWS
Dubai reports 18% jump in non-oil trade volume
22 Aug 2010
(MENAFN) A report issued by Dubai Customs showed that non-oil trade values exchange between Dubai and other countries increased by 18 percent during the first half of the current year to $76.3 billion, compared to $64.9 billion over the same period of last year 2009, Gulf News reported.
According to the report, trading between Dubai and the other countries around the world kept the pace of the growth during the last five years at 17 percent which clearly shows that the Emirate is still enjoying good business for all traders and investors.
The total value of Dubai imports from the global markets during the first half of the current year rose to $48.5 billion, an increase of 13 percent from the same period last year with $42.8 billion.
The Export Support Program, the effort made to open new markets, the joint ventures concluded with many countries around the world, the strategic geographical situation and other factors have all together paved the way to Dubai to lead a vital local role for the re-export sectors.
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