Jadwa Investment acquires 35% stake in Kuwaiti perfumer Gissah

Jadwa Investment acquires 35% stake in Kuwaiti perfumer Gissah

RIYADH: Saudi Arabia emerged as the top global export destination for Dubai Chamber of Commerce members during the first half of 2023, as revealed by official data from the UAE.  

The value of exports surged over 15 percent year over year to 35 billion dirhams ($9.53 billion), according to a press release by the DCC issued on Wednesday.  

The release further highlighted that Kuwait, Qatar, Oman, Egypt and Iraq secured their spots among the top 10 export destinations and re-exports by members. 

Notably, Qatar marked year-over-year growth of 39.3 percent within the same period.   

Conversely, the report underscored southern Africa as the fastest-growing region for members’ exports, followed by Central Asia, Eastern Europe, Northern Europe and East Africa. 

The report also showed that the members’ exports to Kuwait during the first six months of 2023 were 12.8 billion dirhams, while exports to Qatar grew 39.3 percent to 12.4 billion dirhams compared to the year-ago period. 

It added that exports to Oman achieved year-over-year growth of 20 percent in the first half of 2023, amounting to 7.8 billion, while exports and re-exports to Egypt reached a total of 5.3 billion dirhams.

Meanwhile, exports to Iraq soared to 4.7 billion dirhams, representing a 95.8 percent year-over-year growth. 

According to Mohammad