Number of customs declarations grew 30% in 2020 to 13.8 million from 10.6 million in 2019.
Dubai saw exceptional growth in business registration applications. Against all odds, Dubai Customs completed 107,000 business registration requests from January to May, growing 95 per cent from 55,000 in the first five months in 2019.
Dubai Customs has completed 452,300 insurance refund requests with a value of Dhs3.2 billion in H1, 2020, according to the latest statistics from the Refund and Maqasa Department at Dubai Customs.
Under the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Dubai was a pioneer in launching initiatives to overcome challenges faced by individuals and businesses, which had a significant positive impact on minimising the economic impact of the pandemic."
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva flagged rising inflationary pressures and China’s economic slowdown as risks to Asia’s economic outlook,
The Middle East market for security, safety, and fire protection is on track for double-digit growth over the next four years, as regional governments and the private sector look for improved technologies
US job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labour, which could give the Federal Reserve confidence