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Tuesday 6 - 1 - 2015


Gulf Today

ABU DHABI: The total non-oil trade of the UAE (including the direct non-oil trade and free zone trade) increased to Dhs794.3 billion in the first half of 2014, the preliminary statistical data of the Federal Customs Authority, FCA, revealed. According to the data, the total direct non-oil trade has reached Dhs524.7 billion, while the total free zone trade amounted to Dhs269.6 billion during the same period. The FCA preliminary data also showed an increase in the total free zone trade in the UAE in terms of value by 7 per cent to Dhs269.6 billion in the first half of 2014, in comparison with Dhs250.9 billion in the first half of 2013. The share of imports of the total free zone trade reached Dhs152 billion in the first half, compared to Dhs137.6 billion in the first half of the previous year, i.e. an increase of 10 per cent, while the value of exports amounted to Dhs11.3 billion, and the value of re-exports amounted to Dhs106.3 billion, i.e. an increase of 5 per cent from the same period of the previous year.

Gulf News

Abu Dhabi, Dubai: With the UAE’s retail sector expected to grow this year more than 33 per cent, according to a report by Ventures Middle East, many retailers are looking at 2015 with expectations of double-digit growth. Retailers also expect to benefit from the impact of the growing tourism sector, which is set to bring in more visitors to the country. Vipen Sethi, CEO of Landmark Group, a retail and hospitality firm, told Gulf News he expected the upward trend from 2014 to continue into 2015, especially with the CNN website naming Abu Dhabi among its top 10 destinations for next year. “We expect to register growth of more than 10 per cent in like-for-like sales in the coming year in the UAE. We also aim to add 25 new stores in 2015 across our retail and hospitality segment,” Sethi said.

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