Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE-Oman trade records quantum leap  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Khaleej Times) Dubai?s non-oil trade with Oman hit Dh14

Ahmed Butti talking to Lieutenant General Hassan bin Mohsin Al Shraiqi in Dubai on Saturday. — Supplied photo


The UAE-Oman bilateral trade has seen a quantum leap, reflecting mounting economic and commercial relations, driven by the leaderships’ vision to enhance mutual trade and integration among Gulf countries.


Official statistics show that Dubai’s non-oil foreign trade with Oman hit about Dh14.4 billion in the first nine months of 2013, while it jumped from Dh7.5 billion in 2011 to Dh18.7 billion in 2012.


The announcement was made on Saturday by Ahmed Butti Ahmed, executive chairman of ports, customs and free zone corporation in the presence of the Inspector General of Police and Customs, Lieutenant General Hassan bin Mohsen Al Shraiqi.


Ahmed Butti Ahmed, who is also the director-general of Dubai Customs, said that the Hatta Border Customs Centre plays a pivotal role in the Oman–Dubai commercial flow.


“The number of passengers who crossed the border in both directions in 2013 was approximately 3.7 million, added to 1.4 million vehicles and 675,000 trucks crossing the point in both directions.”


Adding, he said that bilateral trade between Dubai and Oman covers various products and goods. “The most prominent are phones, gold, machinery, equipment, and foodstuff, as well as electrical cords and tubes.”


 He further added that commercial diversity between both sides contributes to reinforcing growth opportunities in commercial exchange. “Such a sustainable growth is stimulated by a favorable environment of customs facilitations and mutual commitment to support joint economic cooperation.”


The two parties discussed areas of cooperation between Dubai Customs and Oman Customs, and conveyed commitment to achieve the highest levels of coordination in customs operations.


“Dubai Customs do want to facilitate trade flow with Oman by implementing the best mutual customs facilitations,” Ahmed Butti Ahmed said, noting that the meeting further explored ideas and suggestions for developing more fruitful mechanisms to facilitate mobility in the border crossings between the two sides. 


In addition to discussing the mechanisms of joint electronic link, Dubai Customs stressed a strong wiliness to put all its expertise at the disposal of Oman Customs. On the other side, Omani officials expressed their eagerness to avail of the experience of Dubai Customs’ training center and the specialised courses it offers to customs inspectors.


Lieutenant General Hassan bin Mohsen Al Shraiqi, Inspector General of Oman Police and Customs, said that Dubai has become a model in trade facilitation and customs development. “Stronger customs coordination is highly needed to ease and promote the flow of trade between our countries.”



 


Khaleej Times




  MENA News Headlines
 Mar 27 2015 - UAE, Belgium to solidify economic tiesMENAFN
(MENAFN) The UAE and Belgian governments are set to improve economic ties, as Belgium eyes capabilities of supporting the economic growth of the UAE, Gulf News reported.A constructive collaboration ...

 Mar 27 2015 - Qatar, French firm sign deal for Qatari lagoonMENAFN
(MENAFN) French engineering group Egis has been granted a contract for rehabilitating a Qatari lagoon, which is raising serious environmental problems, Arabian Business reported.The lagoon covers ...

 Mar 27 2015 - Saudi firm signs USD500m deal to build five Egyptian citiesMENAFN
(MENAFN) Saudi Construction Products Holding Company (CPC) inked a deal to construct five industrialized cities for small businesses in Egypt, Arabian Business reported.The Saudi firm signed an MOU ...

 Mar 27 2015 - US condemns Houthis' actions in YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The United States has condemned ongoing military actions by Houthi militia in Yemen and affirmed that the GCC States were taking action to protect Saudi Arabia's ...

 Mar 27 2015 - Saudi Amb. to Washington announces joint GCC operation against Houthis in YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi Ambassador to Washington Adel Al-Jubeir announced Thursday that a joint GCC military operation was undertaken to counter the "Houthi aggression" in ...

 Mar 27 2015 - Egypt to join military operation against HouthisKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Egypt has announced its full military and political support for the joint Arab operation against Houthi militias in Yemen on Thursday.Egypt is currently ...

 Mar 27 2015 - GCC-Arab alliance's air strikes paralyze air facilities in YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The air base, Al-Dailimi, located in the Yemeni capital Sanaa, was repeatedly struck by military aircraft of the GCC-Arab alliance and navigation via the air ...

 Mar 27 2015 - Saudi air forces bomb Houthi strongholds in SanaaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi military planes struck over the past hours Houthi strongholds and arms depots in Sanaa and headquarters of the reserve forces south of the city, according ...

 Mar 27 2015 - France expands anti-ISIL operations to Tikrit in central IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The French air force has expanded its theatre of operations to hit Islamic State in Iraqi and Levant (ISIL) in central Iraq around the town of Tikrit, the Defence ...

 Mar 27 2015 - Coalition conducts 17 airstrikes against ISIL in TikritKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Coalition operations in support of Iraqi Security Forces in Tikrit commenced last night after a request from the government of Iraq, the Combined Joint Task Force ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help