Business : Dubai direct trade surges 27% to Dh289b

Dubai’s direct trade exchange with the world has seen a significant rise of 27 per cent in the first five months of the year, reaching Dh289 billion compared to Dh228 billion in the same period in 2010.

Ahmed Butti, the Executive Chairman of Ports, Customs and Free Zone Corporation, said the indicators of Dubai trade with the world spanning exporting, importing and re-exporting, recorded positive and promising rates from January to May 2011.

“Likewise, free zone trade scored a 25 per cent growth valued at Dh160 billion as opposed to Dh128 billion in the same period last year.”

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