Dubai, Non-oil trade growth (By Sylodium, international trade directory)

This year up to this quarter, Dubai reached an approximately 16 percent growth in trade, according to Butti Ahmed, director general of Dubai Customs. Dubai's non-oil trade jumped 16 percent in the first quarter and recovery in the emirate's property sector will help keep the pace up this year despite a plunge in trade with some countries and global economic weakness. Non-oil trade grew to AED325.5bn ($88.6bn) in the first quarter from AED280bn in the same period last year,trade expanded 13 percent to AED1.235trn, after a record 22 percent jump in 2011. Developers in Dubai, one of seven United Arab Emirates, are dusting off stalled building plans, encouraged by an economic recovery after a 50 percent drop in house prices from the 2008 peak triggered a series of debt restructurings in state firms. Sylodium (global import export directory) you can advertise for free your company or your project, at the intersection of cities that you want, for example; Dubai (UAE) – Kuwait (Kuwait) or any city around the World.

Other news from UAE