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
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