Air Freight News

Dubai’s non-oil external trade surges as city prepares for expo

Dubai’s non-oil foreign trade jumped 31% in the first half as the Middle East’s business hub prepares to host one of the world’s biggest in-person events since the pandemic started.

Non-oil trade climbed to 722.3 billion dirhams ($197 billion) from 550.6 billion dirhams a year ago, according to a statement. China maintained its position as Dubai’s biggest trading partner, followed by India, the U.S., Saudi Arabia and Switzerland.

“This marked growth in trade demonstrates the success of Dubai’s strategic plan to consolidate its position as a global logistics and trade hub that connects the world’s diverse markets,” Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum said. “Dubai’s existing sea and air network will be expanded to cover 200 new cities around the world.”

Dubai, which has little oil, is the Middle East’s top trading destination. The city is opening up to visitors for the World Expo from next month and expects the event to attract 25 million visits—both virtually and in person.

The crown prince said Dubai is continuing to work toward raising foreign trade to 2 trillion dirhams over the next five years.



© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

France may list measures against U.K. this week in fishing row

France will decide over the coming days on possible actions if its fishermen don’t get access to U.K. waters in accordance with the Brexit deal.

View Article
US drought forecast signals latest threat to world wheat

A forecast for a developing drought in the U.S. southern Plains is the latest threat to dwindling world wheat supplies. 

View Article
Shunned and unloved, U.K. business is boxed In by Johnson

High tax burden and scapegoating leave executives in the cold, but Johnson’s business backers see little political alternative.

View Article
EU mulls terminating Brexit trade deal If U.K. rift deepens

The European Union could weigh terminating the post-Brexit trade deal if the U.K. government pulls out of its commitments over Northern Ireland, according to people familiar with the matter.

View Article
American cheese is being devoured in Asia, export data show
View Article
India giant seeks coal imports for first time in two years

NTPC Ltd., India’s top power producer, is seeking to import coal for the first time in two years, underscoring worries about shortages even as a supply crunch slowly begins to…

View Article