Steel, Metal and Building Material trade in Jafza up 14% last year

• Free Zone expects sector-related trade to rise further in 2011, officials announce at Jafza’s 7th Strategic Customer Forum

Steel, Metal and Building Material companies based in Jafza generated trade worth AED 12.26 billion in 2010 registering a growth of 14% last year in comparison to AED 10.75 billion in 2009. The figures reflect trade of construction and building materials including iron, steel, cement, plastering materials, stone and other similar goods. Read more

Dubai exports show 36% growth in first half of 2011

• Dubai direct exports amounted to AED45 billion in first six months of the year 

Dubai Exports, an agency of the Department of Economic Development (DED) – Government of Dubai, revealed a 36% increase in Dubai’s direct exports during the first half of 2011 as compared to last year’s figures. Read more

Dubai Trade to host 4th Annual E-Services Excellence Award 2011

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, Dubai Trade, the premier trade facilitator under Dubai World is set to reward and recognise the trading community in Dubai that have achieved the highest online adoption rates at its 4th Annual E-Services Excellence Award (ESEA 2011), which will be held in January next year. Read more

UAE non-oil trade continues to grow

UAE non-oil foreign trade continued growth for 5 months of 2011 compared to the same period of the last year.

Federal Customs Authority (FCA) preliminary statistics show that UAE non-oil foreign trade has grown for the staid period by 24 per cent compared to the same period of the last year as Total non-oil Foreign Trade has grown from Dhs299.2bn during the first 5 months of 2010 to Dhs370.3bn in the same period of 2011, i.e., an increase of Dhs71bn. Read more

Manufacturing Sector contributes 13% to Dubai’s GDP

• Dubai’s Direct Exports valued at AED68 billion in 2010

Owing to increased government support and funding, the UAE’s manufacturing sector was among the largest non-oil contributor to Dubai’s GDP since 2009, according to the Dubai Manufacturing Sector Snapshot report published by Dubai Exports, an agency of the Department of Economic Development (DED), Government of Dubai. Read more

Dubai external trade with foreign countries valued at 235 bln dirhams

Emirate of Dubai’s non-petroleum direct international trade shot up 30% equivalent to more than AED 235 billion in the end of the first quarter this year as compared to 180 billion dirhams in the same period last year and AED 159 billion dirhams during the same period of 2009.

Dubai Customs most latest statistics reports showed that Dubai’s imports for the first 4 months in this current year expanded by more than 40% with 29 billion dirhams as opposed to 20 billion dirhams during the period from January to April in 2010. On the other hand, the re-exports expanded to a higher growth during the first third of this current year, reaching to 38% with a total value of more than 61 billion dirhams comparable to 44 billion dirhams for the same period of 2010. Read more

Non-oil foreign trade of UAE witnessed 14% growth in 2010

Non-oil foreign trade of the United Arab Emirates (UAE) in 2010 witnessed significant growth of 14 per cent year-on-year, according to Ministry of Foreign Trade (MoFT).

In it recent report UAE foreign non-oil trade grew by 14 percent (or AED 94 billion) year-on-year jumping from AED 660.4 billion in 2009 to AED 754.4 billion in 2010. Read more

Leading tender website crosses US $5b in tender processing

Monaqasat, the leading online tender process management provider in the Middle East and North Africa, announced today that it had crossed US$5 billion worth of bids being processed on its website, with real estate bids accounting for the major part of the tenders being processed.

Monaqasat’s milestone signals a steady recovery in the Middle East’s real estate sector and highlights the growing popularity of the Internet among developers and consultants who seek to manage their projects with maximum efficiency, cost control and transparency. By allowing companies to bid and transact online, the online solution has helped to save over 4.5 million pages of paper. Read more

Economic challenges faced by UAE exporters

Dubai Exports, an agency of the Department of Economic Development – Government of Dubai, hosted the first of a series of meetings of the Exporters Support Network (SANAD), to discuss ways to reduce the obstacles and challenges being faced by local companies when exporting to foreign markets as well as find solutions to support and develop the exporting sector in the UAE.

Members of SANAD included representatives from the Ministry of Economy, the Ministry of Foreign Trade, the Federal Customs Authority, Dubai Customs, Dubai Trade, and Emirates Authority for Standardization and Metrology, in addition to Dubai Exports. Read more

Dubai non-oil Trade Surges to AED 576 billion in 2010

Dubai non-oil direct trading exchanges in the world market increased by 18% in the last year, recording AED 576 billion against AED 488 billion in 2009 to almost achieve the recorded figures of 2008 in which Dubai trading exchange volume have achieved highest record approximated at AED 613 billion.

His Excellency, Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation and the Director General of Dubai Customs asserted that the recorded figures during last year indicate a tangible improvement in the domain of non-oil trading activities in the Emirate of Dubai, and forecast a future upcoming development in the domain of investment opportunities along with recovery of escalating pace of economy’s activities growth prospects in which trade is essentially considered a key component. Read more

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