Latest news with #AED2.22
Yemen Online
21-04-2025
- Business
- Yemen Online
UAE foreign trade reaches AED5.23 trillion in 2024
The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5 trillion ($949 billion) in 2021, according to the World Trade Organisation's latest report. The growth reflects the UAE's strategic economic vision, reinforcing its position as the leading trade hub in the Middle East and Africa since 2014 and among the top 20 global trade centres for goods and services. In a global trade environment marked by 2.9 per cent growth in merchandise trade and 6.8 per cent in services trade in 2024, the UAE's performance underscores its resilience amid rising tariffs and uncertainties. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised the UAE's role as a global trade hub, saying, 'In a world of economic and trade challenges, the UAE has prioritised openness, connectivity, and the free flow of trade, capital, and people, establishing itself as a vital link between East and West and a global economic centre." In a post on his official social media handle, Sheikh Mohammed highlighted key achievements from the WTO report. He said "the UAE exported goods worth AED 2.2 trillion in 2024, marking a 6 per cent growth over the previous year" and recorded 41 per cent of the total commodity exports in the region. The country also "exported services worth AED 650 billion in 2024, of which AED 191 billion were digital services, representing 30 per cent of total service exports". "Our commitment to openness, trade liberalisation, and global connectivity will ensure continued growth," Sheikh Mohammed added. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that "the UAE has solidified its status as a global trade hub. Ranking 11th in merchandise exports and 13th in services exports, with a trade surplus of AED492.3 billion, the UAE achieved merchandise exports of AED2.22 trillion and services exports of AED646.6 billion, including AED191 billion in digital services, reflecting 30 percent growth and leadership in future-oriented sectors. "These achievements stem from national efforts, flexible policies, and strong international partnerships. The UAE will continue to enhance its global role by facilitating trade, expanding collaborations, and integrating with global value chains."
Dubai Eye
20-04-2025
- Business
- Dubai Eye
UAE foreign trade reaches AED5.23 trillion in 2024
News Home More from Business The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5 trillion ($949 billion) in 2021, according to the World Trade Organisation's latest report. The growth reflects the UAE's strategic economic vision, reinforcing its position as the leading trade hub in the Middle East and Africa since 2014 and among the top 20 global trade centres for goods and services. In a global trade environment marked by 2.9 per cent growth in merchandise trade and 6.8 per cent in services trade in 2024, the UAE's performance underscores its resilience amid rising tariffs and uncertainties. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised the UAE's role as a global trade hub, saying, 'In a world of economic and trade challenges, the UAE has prioritised openness, connectivity, and the free flow of trade, capital, and people, establishing itself as a vital link between East and West and a global economic centre." In a post on his official social media handle, Sheikh Mohammed highlighted key achievements from the WTO report. He said "the UAE exported goods worth AED 2.2 trillion in 2024, marking a 6 per cent growth over the previous year" and recorded 41 per cent of the total commodity exports in the region. The country also "exported services worth AED 650 billion in 2024, of which AED 191 billion were digital services, representing 30 per cent of total service exports". "Our commitment to openness, trade liberalisation, and global connectivity will ensure continued growth," Sheikh Mohammed added. في عالم يشهد تحديات اقتصادية وتجارية كبرى .. اختارت الإمارات منذ البداية نهج الانفتاح .. وبناء الجسور .. وحرية حركة التجارة وحركة الأموال وحركة الناس .. لتصبح اليوم جسراً بين الشرق والغرب .. ومركزاً اقتصادياً عالمياً .. وحسب آخر تقرير لمنظمة التجارة العالمية تم نشره قبل أيام :… — HH Sheikh Mohammed (@HHShkMohd) April 20, 2025 Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that "the UAE has solidified its status as a global trade hub. Ranking 11th in merchandise exports and 13th in services exports, with a trade surplus of AED492.3 billion, the UAE achieved merchandise exports of AED2.22 trillion and services exports of AED646.6 billion, including AED191 billion in digital services, reflecting 30 percent growth and leadership in future-oriented sectors. "These achievements stem from national efforts, flexible policies, and strong international partnerships. The UAE will continue to enhance its global role by facilitating trade, expanding collaborations, and integrating with global value chains." Coming Up on Dubai Eye The Music Mix 11:00pm - 6:00am Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need The Business Breakfast 6:00am - 10:00am The Business Breakfast is the day's must listen for the UAE's business leaders, and those who aspire to be. UAE President Sheikh Mohamed Bin Zayed Al Nahyan's visit to the USA UAE President Sheikh Mohamed Bin Zayed Al Nahyan's visit to the US to boost economic and technology ties including AI. New iPhone Launch - Too Soon For Apple? Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm's new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn't ready? Working From Home or Hardly Working? Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance? On Dubai Eye Is There Sufficient House Supply In UAE Dubai's current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market? Noon's First Female Delivery Driver Glory Ehirim Nkiruka is Noon's first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
ARN News Center
20-04-2025
- Business
- ARN News Center
UAE foreign trade reaches AED5.23 trillion in 2024
The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5 trillion ($949 billion) in 2021, according to the World Trade Organisation's latest report. The growth reflects the UAE's strategic economic vision, reinforcing its position as the leading trade hub in the Middle East and Africa since 2014 and among the top 20 global trade centres for goods and services. In a global trade environment marked by 2.9 per cent growth in merchandise trade and 6.8 per cent in services trade in 2024, the UAE's performance underscores its resilience amid rising tariffs and uncertainties. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised the UAE's role as a global trade hub, saying, 'In a world of economic and trade challenges, the UAE has prioritised openness, connectivity, and the free flow of trade, capital, and people, establishing itself as a vital link between East and West and a global economic centre." In a post on his official social media handle, Sheikh Mohammed highlighted key achievements from the WTO report. He said "the UAE exported goods worth AED 2.2 trillion in 2024, marking a 6 per cent growth over the previous year" and recorded 41 per cent of the total commodity exports in the region. The country also "exported services worth AED 650 billion in 2024, of which AED 191 billion were digital services, representing 30 per cent of total service exports". "Our commitment to openness, trade liberalisation, and global connectivity will ensure continued growth," Sheikh Mohammed added. في عالم يشهد تحديات اقتصادية وتجارية كبرى .. اختارت الإمارات منذ البداية نهج الانفتاح .. وبناء الجسور .. وحرية حركة التجارة وحركة الأموال وحركة الناس .. لتصبح اليوم جسراً بين الشرق والغرب .. ومركزاً اقتصادياً عالمياً .. وحسب آخر تقرير لمنظمة التجارة العالمية تم نشره قبل أيام :… — HH Sheikh Mohammed (@HHShkMohd) April 20, 2025 Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that "the UAE has solidified its status as a global trade hub. Ranking 11th in merchandise exports and 13th in services exports, with a trade surplus of AED492.3 billion, the UAE achieved merchandise exports of AED2.22 trillion and services exports of AED646.6 billion, including AED191 billion in digital services, reflecting 30 percent growth and leadership in future-oriented sectors.
