Dubai’s 10-month foreign trade hits record $272bn
Dubai, December 12, 2012
Dubai's foreign trade volume rose 13 percent to a record 1.0 trillion dirhams ($272 billion) in January-October, data from the emirate's customs office showed on Wednesday.
The emirate of Dubai accounts for around three quarters of the UAE’s non-oil trade.
Analysts polled by Reuters in September expected the UAE current account surplus to narrow to 8.6 percent of gross domestic product in 2012 from 9.1 percent last year. – Reuters
More Finance & Capital Market Stories
- Qatar says no plans to issue international debt in 2014
- Motivation 'is crucial for growth'
- Islamic banking ‘sustainable way forward’
- Top Swiss group acquires Merrill Mideast units
- AAIB unit starts crisis assistance travel service
- Abu Dhabi may need to lower industry growth target
- Kuwait credit hits 5-year high; tops $1.3bn
- UAE stocks rally, Abu Dhabi tops 4,000 mark
- Abraaj completes 15 exits in 2013
- Barwa gets top HSE certifications