Dubai’s trade with Kuwait touches AED8.52 billion in H1 2020

@DXBMediaOffice/ Twitter (File photo)

Trade between Dubai and Kuwait reached AED 8.52 billion in the first half of 2020.

The figures have been released by Dubai Customs on the occasion of Kuwait’s 60th National Day on February 25.

The high volume of trade reinforces Kuwait’s status as one of Dubai’s main GCC trade partners.

"The UAE and Kuwait’s deep-rooted historical and cultural links and the common vision and shared objectives of the two countries create the perfect conditions for steady growth in mutual trade," said Ahmed Mahboob Musabih, Director General of Dubai Customs.

"Despite the challenges posed by the spread of the pandemic, we are keen to play an important role in strengthening the global supply chain and doing everything possible to support our trade partners in growing their business," he added.

More from Business

Coming Up on Dubai Eye

  • The Agenda

    10:00am - 1:00pm

    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.

  • Entertainment Extra

    1:00pm - 2:00pm

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.