UAE exports and re-exports up 16%

31/03/2011 - Dubai Investment News Posted by Bob Brunskill
UAE exports and re-exports up 16%

Exports and re-exports across the UAE have climbed 16 per cent in the first two months of the year to Dh37 billion, compared to the same period of 2010.

The increase will be welcomed as being a positive step for the emirates' economic recovery, although global insecurities means that a more cautious outlook is being adopted for the remainder of 2011, the Khaleej Times reports.

Speaking at a recent Dubai Chamber seminar, Hisham Al Shirawi, second vice-chairman of the organisation, said that the UAE's economy was growing in strength "by the day".

Based on the results of the Outlook Survey of Dubai Traders 2011 conducted by the Chamber, traders expect competition to grow while sales are predicted to be comparable to the previous year.

It follows a recent announcement that non-oil trade across the UAE rose by 14 per cent in 2010 reaching $205 billion by the end of the year, according to Sheikha Lubna Al-Qasimi, the foreign trade minister of the UAE.ADNFCR-2019-ID-800483106-ADNFCR