Dubai’s trade is booming in stark contrast to the global economic meltdown, said a report. 

The value of the emirate’s exports and re-exports surged an impressive 50 per cent in the first half of 2008, to Dh103.8 billion ($28 billion), against Dh68.7 billion ($18.7 billion) last year, said a report by the Dubai Chamber of Commerce and Industry (DCCI), as quoted in Gulf News.

Despite the global economic gloom, the outlook remains positive for Dubai’s trade sector, the report stated.

Dubai’s exports alone went up 36 per cent to Dh33.6 billion ($9 billion) when compared to the same period last year.

UK exports to Dubai stood at £3 billion at the end 2007, posting a strong growth which is expected to continue in 2008. UK is one of the biggest exporters to Dubai, according to the DCCI.