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 at 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
 Mar 1 2015 - Iraq predicts oil will rise to $64-65 per barrelAFP
(MENAFN - AFP) Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach $64 or $65 per barrel. ...

 Mar 1 2015 - Nbad- USD48t needed to meet global power demandMENAFN
(MENAFN) Energy demand in the Gulf to triple in the next fifteen years far outstripping today's supply, a report released by National Bank of Abu Dhabi (Nbad), Gulf News reported.It figures out that ...

 Mar 1 2015 - Bahrain, Russia to boost trade tiesMENAFN
(MENAFN) The Bahrain side of the Bahraini-Russian Joint Business Council held its first meeting, under the chairmanship of BCCI Chairman, Saudi Gazette reported.However, hailing the relations between ...

 Mar 1 2015 - Abu Dhabi's Eagle Hills plans new USD80b Egyptian cityMENAFN
(MENAFN) Abu Dhabi-based developer Eagle Hills is set to build a new city worth USD80 billion near Cairo, Arabian Business reported.The new city is set to include an airport, hotels, and a mall as ...

 Mar 1 2015 - S. Korean President Starts Mideast TourQatar News Agency
(MENAFN - QNA) South Korean President Park Geun-hye left for Kuwait on Sunday on a nine-day, four-nation trip to the Middle East expected to focus on wide-ranging economic cooperation beyond energy ...

 Mar 1 2015 - Car bombs kill27 in BaghdadArab News
(MENAFN - Arab News) BAGHDAD: Car bombs targeting a crowded market and Shiite militia checkpoints north of Iraq's capital killed 27 people Saturday authorities said as the country's prime minister ...

 Mar 1 2015 - Kuwait reopens Yemen embassy in AdenArab News
(MENAFN - Arab News) KUWAIT CITY: Kuwait decided to reopen its Yemeni embassy in Aden instead of the militia-controlled capital Sanaa.'In the framework of supporting constitutional legitimacy in ...

 Mar 1 2015 - Saudi- 3000 vacanciesto be availablein next episodeof 'Jobs on Air'Arab News
(MENAFN - Arab News) There will be 3000 job opportunities for unemployed young male and female Saudis as well as for foreigners during the tenth session of 'Jobs on Air' on Al Danah television ...

 Mar 1 2015 - Saudi- Al-Samaani: Judicial system impartialArab News
(MENAFN - Arab News) Saudi Arabia's justice system is based on the provisions of Islamic law derived from the Holy Qur'an and the Sunnah (tradition) of the Prophet (peace be upon him). This ensures ...

 Mar 1 2015 - Saudi- Many Madinah sites need better careArab News
(MENAFN - Arab News) Several residents in the city of Madinah have drawn attention of the competent authorities toward multiple Prophet's heritage sites and relics in the area including wells ...

more...


 






Google

Internatinal Property Show

 
 

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