Dubai Chamber sees record exports

12/01/2010 - Dubai Investment News
Dubai Chamber sees record exports

Posted by Bob Brunskill

The Dubai Chamber of Commerce and Industry saw record export levels for its members in December, new figures show.

Exports for the month amounted to AED 18.5 billion for all chamber members, up from the November figure of AED 15.4 billion.

Hamad Buamim, the chamber's director general, said that the figures showcased Dubai's resolve to turn things in its favour in the wake of adverse situations and to retain its position as a leading trading hub in the region.

"The higher December export figures for Dubai are an indication of the positive outlook for 2010 as the export sector can look forward to a better trading year this time round," he added.

Mr Buamim pointed to the latest decree from Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, which exempts fines on the late renewal of trade licences. He said this was evidence of the government's commitment to encouraging economic growth in the emirate.

Data released yesterday also showed that equities trading volumes on NASDAQ Dubai rose by an impressive 30 per cent in 2009, up to 3.10 billion shares.