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.”



 


Khaleej Times




  MENA News Headlines
 Oct 20 2014 - Saudi stocks buck trend with healthy gainsArab News
(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index bucked the three-day prevailing downward trend and logged a sharp gain of 2.39 percent on Sunday.The index opened with a largely ...

 Oct 20 2014 - Saudi- NCB pledges conversion to Islamic bank after pressure from scholarsArab News
(MENAFN - Arab News) RIYADH: National Commercial Bank (NCB) has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within ...

 Oct 20 2014 - HE Prime Minister Inaugurates Milipol Qatar 2014Qatar News Agency
(MENAFN - QNA) Under the auspices of HH the Emir Sheikh Tamim bin Hamad Al-Thani, HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani inaugurated the 10th ...

 Oct 20 2014 - HE Prime Minister Meets Commander of Turkey's Aegean ArmyQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Commander of Aegean Army General Abdullah Atay and ...

 Oct 20 2014 - HE Prime Minister Meets Iran's Police ChiefQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Chief of Iran's National Police Forces Commander Ismael Ahmadi and the ...

 Oct 20 2014 - Israeli Forces Arrest Four Palestinians from Bethlehem and HebronQatar News Agency
(MENAFN - QNA) Israeli forces arrested early Monday four Palestinians from Bethlehem and Hebron districts, said security sources. Large Israeli troops raided the town of Taqou‘ to the east of ...

 Oct 20 2014 - 20 million to vacation abroad by 2030Arab News
(MENAFN - Arab News) The number of Saudi vacationers spending their holidays abroad will increase sixfold by 2030 a local study revealed.The study carried out by a company specializing in travel ...

 Oct 20 2014 - Student's death in US: Cousin reveals detailsArab News
(MENAFN - Arab News) Several relatives of Abdullah Alkadi the Saudi scholarship student in the US whose body was found late on Thursday more than a month after he went missing are flying to Los ...

 Oct 20 2014 - King orders free treatment for people with special needsArab News
(MENAFN - Arab News) Custodian of the Two Holy Mosques King Abdullah has instructed the Ministry of Social Affairs to pay the treatment costs of people with disabilities at rehabilitation centers. ...

 Oct 20 2014 - S. Korea's Int'l Airline Traffic Grows 9.12 in Q3Qatar News Agency
(MENAFN - Qatar News Agency) Seoul October 20 (QNA) - South Korea's international airline traffic rose 9.1% from a year earlier in the third quarter partly on a rise in the number of flights to and ...

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

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