Arab Today, arab today dubai exports up sharply in 2011
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Dubai exports up sharply in 2011

Arab Today, arab today

Arab Today, arab today Dubai exports up sharply in 2011

Dubai - Arabstoday

Dubai\'s exports and re-exports rose 14.5 per cent last year over 2010, according to new results published by the Dubai Chamber of Commerce and Industry. The results indicate that the value of exports and re-exports by Dubai Chamber members in 2011 was Dh246 billion, 14.5 per cent higher than the 2010 figures. The increase reflects the importance of trade in the economic growth of Dubai, the Chamber said. The 2011 figures are higher than the peak period of the economic boom in 2008, which was Dh213 billion. Article continues below The highest monthly figure in 2011 was in May with Dh22.1 billion, and the lowest was January with Dh17.6 billion. The annual data on the number of certificates of origin (CO) issued is 698,067, an increase of 8.3 per cent over the 644,809 COs issued in 2010. The highest number of COs issued in a month was 62,726 in October and the lowest was 50,612 in February. Hamad Bu Amim, Director-General of the Dubai Chamber, pointed out that despite global uncertainty, the European debt crisis and a weak US economy and instability in the region, Dubai\'s economy is on track. \"The annual report clearly demonstrates the resilience of Dubai\'s traders in turning the tide in their favour, thanks to the lessons learnt from the global financial crisis as they used their experience and flexibility in global trading to switch between destinations and products,\" he said. \"Dubai\'s business community also explored new markets and export destinations in Africa, Eastern Europe and Latin America, thus achieving unprecedented export figures in the Dubai Chamber\'s history of operations.\" Bu Amim also said 2011 was a historically successful year for the trade sector, which has established its position as key driver of the emirate\'s economic growth. Major contributors \"The trade sector, along with tourism, logistics and financial services, once again played a major role in the overall health of Dubai\'s economy and directly supported the emirate\'s role in consolidating its status as a favourite global investment destination in the region and a gateway to the neighbouring GCC countries,\" he added. Bu Amim said 10,092 new members joined the trade body, an 8.5 per cent increase over the same period in 2010, which took the membership to over 128,000. This also points towards the economic growth which Dubai witnessed last year, he added. Despite the political unrest across the Middle East and North Africa, Dubai continues to be a safe and stable place to do business, he said. Dr Mohammad Al Asoomi, a UAE-based economist, told Gulf News that Dubai has been showing steady economic growth despite the economic and financial tensions around the globe. \"Trade facilities and well planned infrastructure, including the airports and ports, in addition to the logistics services, have all made Dubai the preferable business centre in the region,\" he said. Al Asoomi added that the trade volume of the UAE will get better once the political turmoil in the region settles down. \"The contribution of countries like Libya, Egypt, Tunisia and Yemen to the UAE\'s trade volume would then get better and the coming months would witness a rise in demand for re-exports,\" he added. Impact of oil prices Moreover, a hike in oil prices will enhance econ-omic growth in the UAE, Al Asoomi said. Summing up the achievements of 2011, Bu Amim said the Dubai Chamber focused not just on the quantity of growth but also on its quality by exploring new products and export markets, as well as business opportunities for trade and investment in Africa, East Asia and Latin America. The successful hosting of international events such as the fourth Common Market for Eastern and Southern Africa (COMESA) Investment Forum and the third Dubai Hamburg Business Forum are good examples of the support for the development of business in the emirate while promoting Dubai as an increasingly attractive place for global trade, Bu Amim said. He added that the Dubai Chamber will focus on opening up new markets by sending trade missions to countries such as Ethiopia, China and cities like Surat, which is India\'s diamond hub.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai exports up sharply in 2011 Arab Today, arab today dubai exports up sharply in 2011

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai exports up sharply in 2011 Arab Today, arab today dubai exports up sharply in 2011

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday