Dubai H1 non-oil trade surges 16pc y/y
Dubai, September 11, 2013
Dubai's non-oil foreign trade jumped 16 per cent to Dh679 billion ($185 billion) in the first half of 2013, helped by rising trade volumes with India, China and the US, the emirate's government said on Tuesday.
Dubai, which accounts for around three-quarters of the UAE's non-oil trade, said its re-exports grew over13 per cent.
Analysts polled by Reuters in April expected the UAE to post a current account surplus of 7.3 per cent of gross domestic product in 2013 and 5 per cent in 2014.-Reuters
More Finance & Capital Market Stories
- 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
- Egypt's forex reserves dip to $17.8bn in Nov