Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai auto parts trade up 8% in 2013  Join our daily free Newsletter

MENAFN - Khaleej Times - 03/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Dubai?s auto parts trade has grown eight per cent hitting dh40 billion in 2013 compared to dh37 billion in the previous year dubai customs has revealed.

ahmed abdul salam kazim director of strategy and corporate excellence at dubai customs on monday said the leap includes a jump of four per cent in imports which amounted to dh23 billion. “exports and re-exports have also boosted by 13 per cent to dh17 billion” he added.

the statistics released in parallel with automechanika dubai 2014 which starts today and will run until thursday showed that dubai plays a pivotal role in the automotive spare parts trade.

“dubai acts as an effective liaison between asian and european manufacturing countries and the consuming markets in the region” kazim said.

he added that four major dubai trading partners claimed 61 per cent of total imports with dh14 billion worth of products. “japan was the top destination from which dubai’s car parts originated claiming dh5.7 billion of the market.” south korea followed with dh3.2 billion worth of imports.

“china was the third most-important import source valued t dh2.8 billion while germany was fourth with dh2.3 billion.”

surrounding countries top the list of major export and re-export partners with saudi arabia securing the largest share with dh2.14 billion. “iraq was second with dh1.1 billion followed by afghanistan with dh836 million and oman came fourth with dh560 million.”

kazim said these nations represented together 27 per cent of the export and re-export market with a total share of dh4.6 billion.

“dubai customs has further enhanced the automotive spare parts trade through an array of first-rate customs facilitations and services provided to traders in this sector enabling them to cater to market needs without delay thanks to streamlined and speedy clearance procedures.”

he said dubai customs is committed to achieving the highest levels of cooperation and coordination with public and private sector stakeholders in a bid to take the efficiency of delivered services to the next level.

“ahead of expo 2020 such service improvements will be decisive in better positioning dubai on the ever-changing global trade landscape.”

— ahmedshaaban?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jun 27 2016 - Brexit impact negative for DubaiThe Arabian Post
(MENAFN - The Arabian Post) A fall in the value of UK pound will adversely affect the demand of Dubai property emanating from UK nationals. Additionally, the weaker currency is expected to adversely ...

 Jun 27 2016 - UAE- Trojan wins USD272mn Emaar townhouses dealMENAFN
(MENAFN) UAE- Trojan General Contracting (TGC) proclaimed that it has been given an USD272mn contract by Emaar Properties for the building of Mira Oasis.The project will contains two phases, while ...

 Jun 27 2016 - Egypt to issue two treasury bonds at USD340mnMENAFN
(MENAFN) Egypt will finance two treasury bonds totaling USD340mn in order to help the country's state budget deficit.Moreover, the Ministry of Finance will raise the first treasury bonds value ...

 Jun 27 2016 - Massive tourism hub to be built at USD 1.01mn in DuqmMENAFN
(MENAFN) A massive tourism hub with hotels, residential and commercial complexes and an amusement park has been given to Al Khonji Real Estate and Development in Duqm.Moreover, the usufruct deal was ...

 Jun 27 2016 - Investigation into alleged killer of Russian jet pilot reopened in TurkeyThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >The Chief Public Prosecutor’s Office in the western province of zmir has reopened an investigation into the alleged killer of a ...

 Jun 27 2016 - UK that Scotland voted to stay in 'does not exist anymore': SturgeonThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >The Britain that Scotland voted to stay a part of in a 2014 referendum “does not exist anymore,” Scottish First Minister Nicola Sturgeon said on ...

 Jun 27 2016 - Nine days holiday for Eid Al Fitr in UAEKhaleej Times
(MENAFN - Khaleej Times) var doLoad = true; if (doLoad) { ...

 Jun 27 2016 - Halal tourism to enhance Oman's prospectsMENAFN
(MENAFN) Oman will do well by improving halal tourism, while in 2015 it initiated a number of development projects at different destinations in addition to building infrastructure.Accordingly, the ...

 Jun 27 2016 - Algeria's oil and gas output moves back to growMENAFN
(MENAFN) Algeria's oil and gas output will grow again after years of inactivity, supported by increased production at the N. African OPEC member's existing fields.However, the country struggled to ...

 Jun 27 2016 - UAE benefits from net global investment debtMENAFN
(MENAFN) The UAE benefits from a major net international investment position (IIP) that is higher than its total external debt.Additionally, the country's net IIP may be as high as 130 percent of its ...

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