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FINANCIAL NEWS
Non-oil trade grows 16 pct in Q1 in Dubai
15 Sep 2013
(MenaFn) Dubai customs head said that Dubai’s non-oil trade increased 16 percent reaching USD88.6 billion during the first three months of the current year, while the improved property sector of the emirate will keep the space up, according to Arabian Business.
Ahmed Butti Ahmed, director general of Dubai Customs, said: “This year up to this quarter, we reached an approximately 16 percent growth in trade.”
The emirate recorded a non-oil trade growth of USD76.2 billion in the same quarter last year.
Director General added: “The main thing now is that growth in real estate starts picking up. With real estate developments there are many sectors that also start picking up.”
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