Latest news with #AED3.5
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."
Trade Arabia
20-04-2025
- Business
- Trade Arabia
UAE's foreign trade surges 49pc to $1.4 trillion in 2024
The UAE had recorded total foreign trade of AED5.23 trillion ($1.424 trillion) in 2024, thus posting a 49% increase from AED3.5 trillion ($949 billion) in 2021, according to the World Trade Organisation's 'World Trade Outlook and Statistics' report. This robust 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% growth in merchandise trade and 6.8% in services trade in 2024, the UAE's performance underscores its resilience amid rising tariffs and uncertainties, reported Wam. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister 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." Sheikh Mohammed highlighted key achievements from the WTO report: •Foreign trade reached AED5.23 trillion in 2024, with a trade surplus of AED492.3 billion, positioning the UAE as a driver of international trade. •The UAE ranked 11th globally in merchandise exports and 13th in services exports. •Services exports totaled AED646.6 billion, including AED191 billion in digital services, comprising 30% of service exports. •Merchandise exports amounted to AED2.22 trillion in 2024. •The UAE contributed 41.4% of the Middle East's merchandise exports, solidifying its role as the region's primary trade hub. "Under the leadership of the President, we will sustain and enhance these achievements. Our commitment to openness, trade liberalisation, and global connectivity will ensure continued growth and leadership," he added. The UAE's exceptional performance, as detailed in the WTO's report, demonstrates its economic resilience amid global trade uncertainties. Comprehensive foreign trade (goods and services) grew by 49% from 2021, reaching AED5.23 trillion ($1.424 trillion) in 2024. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: "Driven by visionary leadership and a commitment to economic openness, innovation, and global integration, the UAE has solidified its status as a global trade hub." "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," stated Al Zeyoudi. The UAE achieved a trade balance surplus of AED492.3 billion in 2024, down slightly from AED573.1 billion in 2023, reflecting stability amid global challenges. Exports totaled AED2.8619 trillion, against imports of AED2.3696 trillion, per 2021–2024 statistics. The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021 and 2024, contributing 2.5% to global merchandise exports and 2.2% to imports. Exports reached $603 billion and imports totalled $539 billion in 2024, said the Wam report. The UAE's achievements reflect its strategy of innovation and diversification, positioning it to navigate a forecasted 0.2% decline in global merchandise trade in 2025. Contributing to a 1.6% regional GDP growth in 2024, with projections of 3.2% in 2025 and 3.5% in 2026, the UAE remains resilient. Its economic policies, strategic location, and advanced infrastructure solidify its role as a global trade hub.
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.
Zawya
14-03-2025
- Business
- Zawya
Sharjah real estate transactions hit $953mln in February
The monthly statistical data issued by the Sharjah Real Estate Registration Department revealed that the volume of real estate transactions across various regions and cities in Sharjah amounted to AED3.5 billion during February 2025, with a total of 7,768 transactions. The total area traded in sales transactions reached 11.8 million square feet. The data indicated that 7,768 real estate transactions were executed, with sales transactions accounting for 1,348 transactions, representing 17.4 percent of the total. Mortgage transactions reached 424 valued at AED711.6 million, constituting 5.5 percent of the total. Meanwhile, initial sales contract transactions recorded 941 transactions (12.1 percent), while ownership certificate transactions amounted to 3,958 (50.9 percent). Additionally, title deed transactions totalled 1,097, making up 14.1 percent of all transactions. Sales transactions were conducted across 116 areas in various cities and regions of the emirate. These transactions covered various properties, including residential, commercial, industrial, and agricultural lands, reflecting the variety of investment opportunities available across Sharjah. According to the data, transactions included 723 vacant land plots, 373 subdivided units, and 252 built-up land transactions, showcasing the diversity and spread of investment opportunities throughout the emirate.
