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FINANCIAL NEWS
Dubai’s direct trade up 27%
22 Aug 2011
(MENAFN) Dubai Customs Director General, Ahmed Butti Ahmed, said that Dubai’s direct trade with rest of the world increased 27 percent and reached USD78.6 billion during the first five months of the current year compared to the same period of the previous year, reported Emirates247.
The director general also said that the Dubai’s Free Zones trade also scored a boost by 25 percent with the value of transactions reaching USD43.5 billion in the first five months of the current year compared with the same period from the previous year where scored about USD34.8 billion
Ahmed added that the value of trade exchanges in the first five months of last year reached about USD62 billion. The Customs Warehouse business also saw a growth of 58 percent.
Ahmed said that these results puts the Dubai’s overall trade exchanges, including direct trade, free zones and customs warehouses, to USD123 billion during the first five months of the current year compared with USD97.4 Dubai scored last year, witnessing a 26 percent hike.
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