With restrictions eased, Dubai exports increase

  • Date: 28-Sep-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

With restrictions eased, Dubai exports increase

UAE - The value of exports of Dubai Chamber of Commerce and Industry members soared 7.4 per cent to exceed Dh45 billion between June and August 2020 compared to the previous three-month period in the wake of relaxing lockdown restrictions, latest export figures reveal.The number of export transactions during the three months ending August stood at 4,630, increasing 14 per cent compared to the previous three months, the Dubai Chamber said in a report.Hamad Buamim, president and CEO of the Dubai Chamber, said the latest export figures signal an uptick in activity within Dubai's trade sector following the lifting of Covid-19 restrictions, improving market conditions and growing business confidence. He underlined the importance of foreign trade to Dubai's economy and noted that the emirate remains resilient as it navigates new