UAE non-oil foreign trade during past months shows huge growth

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UAE
  • Date: 31-Jul-2022
  • Source: Gulf Today
  • Sector: Economy
  • Country: UAE
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UAE non-oil foreign trade during past months shows huge growth

The initial indicators of the country’s non-oil foreign trade during the past months showed significant growth, specifically in non-oil exports, which increased by over 17 per cent during the first quarter of 2022. This was revealed by Abdullah bin Touq Al Marri, Minister of Economy on Sunday. Etihad Credit Insurance (ECI), the UAE Federal export credit company, held its second board of directors meeting in 2022, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of ECI. The virtual meeting discussed key economic performance indicators until May this year, along with its achievements in promoting domestic, regional, and international trade in terms of strengthening the UAE’s economic diversification, industrial, and non-oil export strategies. “This positive performance is achieved against the backdrop of the current global economic challenges. The Ministry of Economy intends to further diversify the UAE’s export markets during the next phase of its growth strategy, and Etihad Credit Insurance plays a crucial role in supporting this mission in cooperation with its various partners involved in the development and its promotion of national exports at the federal and local levels. During the meeting, he applauded ECI’s management and outstanding achievements in