Oman's economic growth plunged to 2.8 percent in nominal terms in 2013, its slowest pace of expansion since 2009, as output in the key oil sector shrank, data showed on Sunday.
The sultanate's economy had grown 11.5 percen
Dubai's foreign trade volumes surged to a record Dh1.329 trillion ( $272 billion) in 2013 from Dh1.235 trillion, thus achieving a Dh94 billion increase over the previous year, according to data from the emirate's customs department.
Kuwait’s trade surplus reached an all-time high of KD25.9 billion ($74.5 billion) in 2012, surpassing the previously set record level of KD21.2 billion in 2011, a report said.
The surplus, estimated at around 53 per cent of
Dubai's foreign trade volume rose 13 percent to a record 1.0 trillion dirhams ($272 billion) in January-October, data from the emirate's customs office showed on Wednesday.
The emirate of Dubai accounts for around three quarters
Hundreds of leading Chinese agriculture companies, chemicals, fertilizers and equipment makers and promoters of latest farming techniques are taking part in the ongoing China Agriculture Expo in Sharjah.
The agriculture expo is be
Dubai's economy expanded 4.1 per cent from a year earlier in the first half of this year, official data showed on Monday, indicating the Gulf's main trade and financial hub is holding up well in a weak global environment.
Dubai's foreign trade volumes surged 22 per cent in 2011 to hit the Dh1 trillion ($272.2 billion) landmark for the first time in its history compared to Dh902 billion the previous year, said a top government official.
Announcing the re
UAE's trade with the five countries affected by the Arab Spring has dropped by 32 per cent in the first quarter of the year as against the same period of 2010, said a report.
Among the countries affected by the unrest, Libya recorded t
China plans to stimulate domestic demand and reduce its foreign trade surplus to encourage balanced trade growth, premier Wen Jiabao said during the British leg of a visit to Europe.
He made the comments during a tour of the Chinese-owned