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FINANCIAL NEWS
Dubai’s non-oil trade hits $115b in Q3
12 Dec 2010
(MENAFN) Ahmed Butti, the Executive Chairman of Ports, Free Zone and Customs Corporation and General Director of Dubai Customs, announced that the emirate’s direct non-oil trade during the July-September period increased to $115 billion, compared to $97.47 billion, year on year, registering a 19 percent surge, Trade Arabia reported.
India had the biggest share of non-oil trade transactions with Dubai, topping other states at a 26 percent from the overall Dubai trade exchanges, valued at $30.49 billion, explained Butti.
According to official statistics, Butti revealed that the non-oil exports value had exceeded $13.61 billion by the end of third quarter, posting an increase of 38 per cent compared to a year earlier, which recorded $9.94 billion of exports.
The mentioned figures confirm the competitive potency of the UAE’s local products in international markets, their high quality, and the country�s diversified production base which provides exporters with different options, he said.
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