UAE non-oil foreign trade marks 24% growth in H1: Sheikh Mohammed
In a post on social media platform X, Sheikh Mohammed said "non-oil foreign trade reached AED 1.7 trillion in the first half (double the figures from just five years ago)".
"Our non-oil trade with our international partners surged at a record rate in the first half of 2025, reaching 120 per cent with Switzerland, 33 per cent with India, 41 per cent with Turkey, 29 per cent with the United States, and 15 per cent with China," he highlighted.
Sheikh Mohammed added that the the "numbers speak of our economic relations with the world".
"The numbers speak of unprecedented development for the UAE, led by my brother (UAE President His Highness) Mohammed bin Zayed.
"The numbers say that the future will be more beautiful and greater."
Today, I reviewed the data for the first half of this year regarding the UAE's non-oil foreign trade. It achieved significant growth of 24% compared to the first half of the previous year, while the average growth of global trade was only about 1.75%.
Our non-oil foreign trade…
— HH Sheikh Mohammed (@HHShkMohd) July 30, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sharjah 24
an hour ago
- Sharjah 24
Mohammed bin Rashid meets with Mansour bin Zayed at Al Marmoom
During the meeting, which was also attended by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, Their Highnesses discussed key national matters and explored strategies to accelerate the UAE's development, with an emphasis on strengthening its leading position across various sectors and enhancing the quality of life and welfare of its citizens. His Highness Sheikh Mohammed bin Rashid highlighted the shared responsibility of advancing the nation, preserving its achievements, and ensuring a high standard of living for its people, noting that this work continues under the leadership of President His Highness Sheikh His Highness affirmed that the UAE's leadership is united in its goal to build a more prosperous future for the coming generations and to firmly establish the country as a leading model of development in the region and globally. His Highness further highlighted the importance of intensifying efforts and coordinating capabilities to accelerate progress towards national targets, ensuring alignment with the UAE's future development goals. The meeting addressed a range of issues and topics related to government work and its ongoing development plans. The meeting also reviewed recent updates on government initiatives and projects, with a focus on improving services and supporting all segments of Emirati society.
Sharjah 24
3 hours ago
- Sharjah 24
VP meets with local dignitaries, investors, senior officials
The gathering reflects his commitment to direct community engagement, open dialogue, and spirit of collaboration across society, supporting development, business growth, and public-private partnerships. During the gathering, His Highness highlighted the UAE's continued progress in building a distinctive development model based on openness, competitiveness, and support for entrepreneurship. He noted that the country's success stems from ambitious goals, a people-centred approach, and strong public-private partnerships. The achievements of recent decades, he added, reflect a clear vision driven by planning, determination, and collaboration. His Highness added that the UAE remains committed to being a land of opportunity, a hub for prosperity, and a welcoming home for all who contribute to its growth. He emphasised that the country's economy is built on trust, and its success is driven by collaboration and a bold, forward-looking vision. He also said that at every stage, the UAE has set new benchmarks for progress and established a model economy rooted in innovation. The outcomes of this journey are evident today in the country's stability, social cohesion, and the resilience and growth of its economy. His Highness Sheikh Mohammed bin Rashid also highlighted Dubai's vital role in the UAE's broader development journey, as it continues to strengthen its position as a leading global economic centre. This progress is underpinned by a forward-looking strategy, strong collaboration between the public and private sectors, and world-class infrastructure and legislation. Driven by investor confidence, market maturity, and its ability to attract top talent and opportunities, the emirate continues to advance the goals of Dubai Economic Agenda D33. During the meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum also attended a lecture titled 'The UAE as a Destination for the World's Wealthy,' delivered by Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing. The lecture highlighted the UAE, especially Dubai, as a top destination for investors and entrepreneurs, thanks to its safety, infrastructure, quality of life, and open economy. He noted that over 131,000 wealthy individuals settled in the UAE by 2024, up from 116,000 in 2023, with a further rise expected this year. He added that, driven by visionary leadership, Dubai welcomed 9.88 million visitors in the first half of 2025 and is now seen as the world's top destination to live, work, and visit. Issam Kazim also explained how the tourism strategy supports the Dubai Economic Agenda D33 and strengthens Dubai's global standing. His Highness Sheikh Mohammed bin Rashid also attended a live demonstration of the Unitree G1 robot by Dubai Future Labs. The lightweight, highly balanced robot mimics human movement and represents the latest in robotics and AI. It will be featured in the Museum of the Future's interactive displays, welcoming visitors and showcasing advanced technology, reflecting Dubai's commitment to innovation and technology for human benefit.
Web Release
5 hours ago
- Web Release
ServeU, a subsidiary of Union Properties, acquires House Keeping (LLC) at AED 100 million deal to expand market reach
Union Properties PJSC ('Union Properties' or 'the Company') (DFM: UPP), through its subsidiary ServeU, a leading facilities management (FM) solutions provider in the UAE, has announced the strategic acquisition of House Keeping (LLC) and House Keeping Domestic Workers (LLC), including their subsidiary, in a deal valued at AED 100 million. This move reinforces ServeU's robust market position as one of the UAE's most trusted FM service providers in the country. With a workforce of more than 8900 employees, the company manages a broad portfolio spanning residential communities, commercial complexes, government entities and hospitality facilities. The Company remains committed to advancing operational capabilities, with continued investments in innovation, sustainability, and service excellence to address the dynamic needs of the market. Eng. Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties PJSC, said: 'This acquisition represents a pivotal step in advancing our long-term growth agenda. Integrating a leading manpower and domestic workforce provider into our portfolio not only strengthens ServeU's operational breadth, but also reinforces our commitment to delivering integrated, people-centric solutions that meet the evolving demands of our clients across sectors.' House Keeping (LLC), the UAE's second-largest provider in its segment, brings a strong portfolio, deep domain expertise, and an extensive client network. With a specialized workforce of 136 active members in housekeeping operations and nearly 8,700 domestic workers, House Keeping (LLC) has consistently delivered strong performance, recording revenues of AED 221.1 million and an EBITDA of AED 21.4 million for the fiscal year 2024. These financial results align closely with ServeU's strategic priorities of delivering value, enhancing service quality, improving operational efficiency, and advancing workforce capabilities. Under the terms of the acquisition, House Keeping (LLC) and its affiliated entities will retain their brand identities while operating under the full ownership and strategic oversight of ServeU. The alliance is projected to have a positive impact on ServeU's financial results effective from August 2025, contributing around 23% to revenue and boosting EBITDA by 33% of ServeU. This model will further ensure seamless operational continuity while unlocking synergies through ServeU's established infrastructure, experienced leadership, and industry partnerships. –
