The UAE's non-oil foreign trade rose by 27 per cent in the first half of this year to AED 900 billion.
According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED 170 billion during the six-month period, posting a growth of 44 per cent compared to the first half of 2020.
The surge was led by gold, which went up 48 per cent year-on-year to more than AED 70 billion.
Data also showed that 87 per cent of the country's non-oil exports are locally made and that 13 per cent come from free zones and customs warehouses.
Meanwhile, the total value of imports during H1 2021 exceeded AED 482 billion indicating a growth of 24 per cent compared to H1 2020.
"The latest figures confirm the distinguished position of the UAE as a vital regional and global trade hub and an influential player that contributes to reshaping the global trade landscape to make it more flexible and sustainable with the aim of restoring the pace of activity and growth in the post-Covid era," said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade.
Dubai has launched a programme for first-time home buyers, aiming to make homeownership more accessible and affordable by facilitating priority access to new launches, preferential pricing and tailored mortgage solutions.
Archer Aviation has conducted test flights of its Midnight electric vertical take-off and landing (eVTOL) air taxi services at Al Bateen Executive Airport in Abu Dhabi, marking a key milestone for its planned commercial deployment in the UAE and the expansion of its operations in the region.
US and India trade negotiators are pushing to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over US dairy and agriculture remained unresolved, sources familiar with the talks said.
A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia's biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis.
Emirates has officially launched its daily services to Shenzhen, marking the airline’s fourth gateway in the Chinese mainland after Beijing, Shanghai and Guangzhou.
Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.
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