Bilateral trade between Dubai and China touched AED 36 billion in the first quarter of this year, after reaching AED 139 billion in 2018.
That's according to a statement released by Dubai Customs in conjunction with the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to China.
China has been the emirate's top trading partner since 2014, with telecoms, phones, personal computers, aluminium, gold and automobiles topping the list of the most traded commodities between the two sides.
As many as 876 active Chinese businesses are currently registered with Dubai Customs, including 623 firms holding trade licences, 244 licenced free-zone establishments, and nine companies with professional licences.
Dubai Customs is already utilising some of China’s most advanced, state-of-the-art screening and inspection technology to scan containers, goods, vehicles and passengers across its various centres, including in the flagship Port of Jebel Ali and at the Dubai International Airport.
The Gulf Cooperation Council (GCC) countries saw a slight decline in overall national income in 2023, but their non-oil economies continued to grow steadily, according to new data from the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat).
Air Canada's unionised flight attendants walked off the job early on Saturday morning after pay talks with the country's largest carrier stalled, in a move that is expected to disrupt travel plans for more than 100,000 passengers.
Dubai recorded a GDP of AED119.7 billion in the first three months of the year, marking a 4 per cent growth during the same period last year, driven by strong performances and expansion across various sectors.
Salik has posted AED 1.527 billion in revenue for the first half of the year, marking 39.5 per cent in growth driven by the introduction of variable pricing at the end of January and two new toll gates last November.
The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as US retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.