The UAE's non-oil foreign trade rose by 27 per cent in the first half of this year to AED 900 billion.
According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED 170 billion during the six-month period, posting a growth of 44 per cent compared to the first half of 2020.
The surge was led by gold, which went up 48 per cent year-on-year to more than AED 70 billion.
Data also showed that 87 per cent of the country's non-oil exports are locally made and that 13 per cent come from free zones and customs warehouses.
Meanwhile, the total value of imports during H1 2021 exceeded AED 482 billion indicating a growth of 24 per cent compared to H1 2020.
"The latest figures confirm the distinguished position of the UAE as a vital regional and global trade hub and an influential player that contributes to reshaping the global trade landscape to make it more flexible and sustainable with the aim of restoring the pace of activity and growth in the post-Covid era," said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade.
Air Canada's fleet of hundreds of planes remained grounded on Monday morning after striking flight attendants refused a government-backed order to get back to work and called on the airline to return to the bargaining table.
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.
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.
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.