Gold and aluminium trade in 2018 has consolidated the UAE industry’s position in global markets.
The total value of the UAE’s non-oil trade in the first half of 2019 increased to Dhs786 billion, a 3.3 per cent growth compared to Dhs760.5 billion in the first half of 2018, according to the Federal Competitiveness and Statistics Authority, FCSA.
Bilateral trade between China and the UAE reached $11.2 billion in the first quarter of 2019, a 16.21 per cent increase compared to the same period in 2018, said a top Chinese diplomat.
Following the UAE Ministry of Finance’s efforts to strengthen cooperation with EU member states, Obaid Humaid Al Tayer, Minister of State for Financial Affairs met with Giovanni Tria, Minister of Finance of Italy during the Ministry’s visit to the Duchy of Luxembourg.
The UAE non-oil trade volume could grow by up to 12.9% year-over-year in 2021, supported by an expected uptick in maritime transport activity and other positive global economic trends,
Dubai Electricity and Water Authority (Dewa) has completed 87.73 per cent of its project to extend its water transmission network by 36 kilometres across Dubai, at a total cost of about Dhs256 million.
The State Bank of Pakistan (SBP) has announced its bi-monthly monetary policy on Friday and decided to maintain its policy rate at 7 per cent, according to a statement issued by the bank.