DED survey shows confidence growing among exporters and manufacturers
Quarterly business survey reveals robust optimism leading to third quarter of 2012
Stronger optimism among exporters, manufacturers and a number of retailers gearing for busier days ahead are the highlights of the latest quarterly business survey conducted by the Department of Economic Development (DED) in late June 2012.
The survey reveals that half of the businesses in Dubai expect the third quarter of 2012 to bring in increased sales and profits while 20 per cent see stable sales. Sales expectations are especially higher among small and medium enterprises (SMEs) but large companies lead in comparison when it comes to investment outlook for the year ahead. Read more
Prices became uncompetitive, because of increased administrative and operational costs
Fierce competition from counterparts in other regions
The current global economic downturn could spell potential disaster for businesses, manufacturers, traders and exporters based in Dubai. Whether it’s a minor or a major disaster in 2012, business people remain concerned about their prospects and the business strategies they should adopt. Read more
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
Value of Dubai trade exchanges have risen 19% during the first ten months of this year totaling DHS 475 billion compared to DHS 400 billion of exchanges that took place in the same period last year.
HE Ahmed Butti Ahmed, the Director General of Dubai Customs and CEO of the Ports, Maritime and Free Zone Authority said that the statistics released by Dubai Customs during the period between January and October of this year shows an unprecedented rise in Dubaiâ€™s direct exports within the last five years which totaled more than DHS 56.5 billion during the first ten months in this year exceeding the same period in 2009 which valued DHS 41 billion; a rise percentage of 36%. Read more
UAE-based small and medium enterprises (SMEs) availing the newly launched Export Assistance Program (EAP) can receive up to 33% of financial support relating to their approved expenses concerning export activities as explained in a series of briefing sessions rolled out by Dubai Export Development Corporation (EDC), an agency of the Government of Dubaiâ€™s Department of Economic Development (DED). Read more
EDC and DIC initiate business matchmaking session coinciding with GITEX Technology Week
Dubai Export Development Corporation (EDC), the export promotion & facilitation arm of the Government of Dubai, organised a business matchmaking forum involving more than 70 companies, to enhance the export opportunities of the Emirateâ€™s ICT products and services into South Asia.
The forum, entitled â€˜Indian ICT Sector and Opportunities in a High Growth Marketâ€™, provided various buyers from India, Sri Lanka and Pakistan the chance to discuss and explore Information Communication (ICT) businesses and import products and services from companies out of Dubai, contributing to the growth of Dubai’s knowledge economy. According to recent reports, South Asia’s ICT market is currently booming with Sri Lanka, India and Pakistan taking the top three places respectively in terms of its GDP per capita. Read more
High-level UAE delegation attends Izmir International Fair
Dubai Export Development Corporation (DEDC), the Dubai government body charged with promoting exports from the emirate, along with the UAE Ministry of Foreign Trade and three other high-level UAE delegations, have discussed potential partnerships with Turkeyâ€™s Ministry of Trade. Read more
Dubai Export Development Corporation and Jebel Ali Free Zone Authority sign MoU to increase export efficiency
Dubai Export Development Corporation (EDC) and the Jebel Ali Free Zone Authority (Jafza) member of Economic Zones World, have signed a Memorandum of Understanding (MoU) confirming their joint commitment to contribute to Dubaiâ€™s economic development by fostering its external trade potential.
EDC predicts a 10% increase in export performance of Jafza-based companies in terms of exports value, market reach and enhanced operational efficiency post the rolling out of this agreement. Read more
UAE’s trade with France has witnessed a significant rise to reach a total of USD6.3 billion last year. Import accounted for 79% of the total amount while export and re-export accounted for 21%, according to a report issued by the Dubai Chamber of Commerce and Industry. Read more
UAE’s non-oil foreign trade reached about Dhs.1.8 trillion during the period from 2003 to 2007, according to the Federal Customs Authority.
Imports accounted for Dhs.1.2 trillion while exports and re-exports stood at Dhs.3.1.billion and Dhs.3.4 billion respectively. Read more