UAE/TURKISH BUSINESS RELATIONS

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• Dubai private sector's exports and re-exports

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  Dr. Nilgün Birgören    Premium Member   Group moderator

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  Dubai private sector's exports and re-exports

  Exports and re-exports by Dubai's private sector increased 17 per cent to Dh100 billion in the first five months of 2011, compared to Dh85 billion in the corresponding period last year, according to the Dubai Chamber of Commerce and Industry.
  
  May's figure of Dh22 billion was the highest monthly achievement in the past three years with a 26 percentage increase in comparison to the same month of 2010, which he said came on the back of months of positive growth.
  
  In the first quarter, the members' exports and re-exports increased by 15.6 per cent while in April alone the figures show a 14 per cent increase compared to April 2010.
  
  Overall, these figures are a strong indication that Dubai is on track to attain its forecast economic growth of 3.5 to 5 per cent for this year.
  
  At the second seminar on UAE consumers, which was attended by Chamber members and other representatives of the private sector, the vulnerability of UAE consumers to rising food prices by income group, the global economic outlook's effect on Dubai and new business indicators were discussed.
  
  The Dubai Chamber chairman stressed that the second quarter of 2011 was a fitting time to come together and discuss major issues affecting businesses today and that 49 per cent of new members joined the Chamber in the first five months of the year compared to the same period in 2010.
  
  The city's business environment continues to thrive with lower rents, a recovery in the banking sector and continued reform measures helping to boost investor confidence.
  
  The first half of this year saw sustainable growth across Dubai's trade, tourism and logistics sectors, which has helped to boost the economy.
  
  This comes in spite of the subdued global performance and proves that Dubai's economy is robust and back on the path to prosperity.
  
  The seminar was aimed at helping businesses make sound decisions while enhancing their competitiveness globally.
  
  • 23 Jun 2011, 7:40 pm
  Dr. Nilgün Birgören wrote: > Exports and re-exports by Dubai's private sector increased 17 per > cent to Dh100 billion in the first five months of 2011, compared to > Dh85 billion in the corresponding period last year, according to the > Dubai Chamber of Commerce and Industry. > > May's figure of Dh22 billion was the highest monthly achievement in > the past three years with a 26 percentage increase in comparison to > the same month of 2010, which he said came on the back of months of > positive growth. > > In the first quarter, the members' exports and re-exports increased > by 15.6 per cent while in April alone the figures show a 14 per cent > increase compared to April 2010. > > Overall, these figures are a strong indication that Dubai is on track > to attain its forecast economic growth of 3.5 to 5 per cent for this > year. > > At the second seminar on UAE consumers, which was attended by > Chamber members and other representatives of the private sector, the > vulnerability of UAE consumers to rising food prices by income group, > the global economic outlook's effect on Dubai and new business > indicators were discussed. > > The Dubai Chamber chairman stressed that the second quarter of 2011 > was a fitting time to come together and discuss major issues > affecting businesses today and that 49 per cent of new members joined > the Chamber in the first five months of the year compared to the same > period in 2010. > > The city's business environment continues to thrive with lower rents, > a recovery in the banking sector and continued reform measures > helping to boost investor confidence. > > The first half of this year saw sustainable growth across Dubai's > trade, tourism and logistics sectors, which has helped to boost the > economy. > > This comes in spite of the subdued global performance and proves that > Dubai's economy is robust and back on the path to prosperity. > > The seminar was aimed at helping businesses make sound decisions > while enhancing their competitiveness globally.