UAE’s Non-Oil Exports Catching up with Saudi Arabia

UAE’s non-oil exports catching up with Saudi Arabia

UAE non-oil exports rose 45% to hit 813 billion dirhams ($221 billion) last year, according to Prime Minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. Overall, UAE non‑oil trade reached 3.8 trillion dirhams, thereby passing the $1 trillion mark for the first time.The rapid growth means the UAE is closing the gap on its neighbor Saudi Arabia, which has an economy twice as large. Saudi non-oil exports for the first 11 months of last …

UAE Crosses $1T Non-Oil Trade, Redefining Global Commerce

The United Arab Emirates officially achieved more than 1 trillion (AED 3.8 trillion) of non-oil foreign trade, the first time the country has reached such a figure, and it is an indicator of a seismic change in the dynamics of international trade. This success, verified by UAE Vice President and Prime Minister Sheikh Mohammed bin […]