Customs transactions in Dubai rose by 60 per cent to reach 4 million in the first quarter of 2020, compared to 2.5 million for the same period last year.
Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation, said the increase in hard times shows the strength of the infrastructure.
"This puts Dubai as one of the best customs and logistics hubs in the world, and a very attractive environment for foreign investments and businesses," he said.
Ahmed Mahboob Musabih, Director General of Dubai Customs, said their investment in smart services is now paying off.
"The noticeable growth in transactions at Dubai Customs despite the current challenges is a very positive indicator of Dubai’s sustainable and resilient economy," he added.
The World Customs Organisation has recognised Dubai Customs for having 99 per cent of services available through smart and online channels.
Only 44,000 Q1 transactions were done manually through the service counters, which makes up just one per cent of the total number.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".
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