Quotes: US 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.”



 






  MENA News Headlines
 Sep 2 2014 - Egypt military academy stampede kills 9Arab News
(MENAFN - Arab News) CAIRO Nine people were killed on Tuesday in a stampede outside a military academy in Egypt by relatives seeking to visit cadets the army said in a statement.The military released ...

 Sep 2 2014 - Attack on Egypt security convoy kills 11 in SinaiArab News
(MENAFN - Arab News) CAIRO: An attack on a convoy killed 11 members of the Egyptian security forces in the Sinai Peninsula on Tuesday security and medical sources said.Two were killed by a roadside ...

 Sep 2 2014 - UAE- Human League to perform in DubaiKhaleej Times
(MENAFN - Khaleej Times) The Human League bring their electro-pop back catalogue to Dubai New wave legends The Human League will bathe The Irish Village in synths for their show on Thursday September ...

 Sep 2 2014 - UAE- Ismail Matar backs Mahdis contract extensionKhaleej Times
(MENAFN - Khaleej Times) Matar hinted that het could be able to return to the pitch in two weeks time after covering half of the four-week period decided by the doctors for his recovery.Dubai: Al ...

 Sep 2 2014 - Dubai does well to curb thalassaemia in newbornsKhaleej Times
(MENAFN - Khaleej Times) Drop in the number of disease cases attributed to awareness campaigns screenings.The number of cases of thalassaemia in newborns in Dubai has drastically reduced due to the ...

 Sep 2 2014 - UAE- Umm Al Quwain offers 50 per cent off on traffic finesKhaleej Times
(MENAFN - Khaleej Times) The 50 per cent cut on pending fines includes unpaid fines for speeding and other traffic violations available till December 5.The UAQ Police are offering a 50 per cent ...

 Sep 2 2014 - UAE- Ajman launches online renewal of car registrationKhaleej Times
(MENAFN - Khaleej Times) The programme also provides the opportunity for public to renew their registration card without having to visit the traffic department.The Ajman Police on Monday launched its ...

 Sep 2 2014 - UAE- Cop accused of kidnapping raping womanKhaleej Times
(MENAFN - Khaleej Times) He drove her to a dark location near a construction site after offering a lift where he allegedly raped her.A cop has been charged in the Court of First Instance with ...

 Sep 2 2014 - UAE- Manager blackmails women staff for sex court hearsKhaleej Times
(MENAFN - Khaleej Times) Three women have complained against the 31-year-old man alleging that he had been constantly sexually harassing them.A Palestinian manager has been brought before the Court ...

 Sep 2 2014 - UAE- 22-year-old Indian found hanging from treeKhaleej Times
(MENAFN - Khaleej Times) Police patrols and paramedics were rushed to the spot who took down the body and transferred it to Al Dhaid Hospital for an autopsy.A 22-year-old Indian man was found hanging ...

more...


 






Google

Taqs

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help