Dubai Customs has put a process in place to streamline the trade of medical supplies and pharmaceutical products amidst the COVID-19 outbreak.
It said the system, that's in line with the guidelines set by the Ministry of Health and Prevention, is set to meet the demands at a local, regional and global level.
All its customs centres have been provided with "advanced tools and technologies" to ensure quick delivery of medical supplies to pharmacies, hospitals and health centres.
"Pharmaceutical and medical supplies are very strategic goods, especially at this time, and Dubai Customs works hard to make sure they are available in the market without any delay," said Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence Department at Dubai Customs.
In 2019, Dubai external trade of pharmaceutical and medical supplies registered AED 21.8 billion, with AED16.5 billion for imports and AED 590 million for exports. Re-exports stood at AED 4.7 billion.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
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