Dubai has reported a 17 per cent bounce in direct trade to AED328 billion in the first seven months of 2010 but this is still more than 25 per cent below the boom of 2008 and only back to 2007 levels.
When first published the total direct trade in the emirate stood at AED214 billion for Q1 2008. This figure was revised to AED143.8 by the Dubai Statistical Center in its recent report to present a 16 per cent downturn in trade for Q1 2009, while the original data would show a 44% collapse in trade in Q1 last year.
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