Dubai’s 10-month foreign trade hits record $272bn

Dubai, December 12, 2012

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 of the UAE’s non-oil trade.

Analysts polled by Reuters in September expected the UAE current account surplus to narrow to 8.6 percent of gross domestic product in 2012 from 9.1 percent last year. – Reuters

Tags: UAE | Dubai | non-oil | foreign trade |