The value of Abu Dhabi non-oil foreign trade has reached AED80.23 billion through the emirate's outlets during the first five months of 2020.
That's according to the Abu Dhabi Customs, which detailed that the exports value reached AED23.20 billion, while the re-export value reached AED14.79 billion.
Meanwhile, importation reached a static growth to be AED42.24 billion.
The Kingdom of Saudi Arabia retained the first place of most trading countries with Abu Dhabi, where trading between both countries reached AED17.91 billion.
Pearl, precious stones, precious metals, and their manufactures topped the list of most exported non-oil goods with a value of AED6.27 billion, followed by common metals and their manufacture with a value of AED5.92 billion.
Transportation equipment was first on the re-export level with a value of AED5.59 billion, while machines, recording devices, and audio and visual broadcasting equipment came in first on the importation level at AED9.65 billion.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!