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FINANCIAL NEWS
Dubai’s non-oil overseas business scores USD177b
01 Nov 2015
(MENAFN) Dubai upholds great foreign trade figures in spite of the disorder across global markets due to the deflation in oil and commodity prices, according to the latest reports.
Dubai’s non-oil foreign trade over the first six months hit USD177.5 billion, with imports adding up to USD109.4 billion, exports to USD17.6 billion and re-exports totaling to USD50.3 billion.
More on the matter, Automobiles, worth USD9.5 billion, were traded through Dubai over the six months to June, reflecting the emirate’s position as a thriving automotive trade hub.
“These figures reflect the robust trade ties which are growing by the day between Dubai and major international economies,” said the Chairman of DP World and Chairman of Ports.
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