The value of non-oil foreign trade through Abu Dhabi ports in the first 11 months of 2021 reached Dh190.2bn ($51.8bn), a jump of almost 2.9 per cent compared to the same period in 2020, during which a total non-oil foreign trade of Dh184.9bn was registered, a report by Statistics Centre–Abu Dhabi showed.
The UAE capital’s non-oil foreign trade was divided into three categories – imports, exports and re-exports.
The emirate’s imports stood at Dh83.6bn, an annual drop of 1.9 per cent, while exports rose 5.4 per cent year-on-year to more than Dh71.1bn. Re-exports jumped 10 per cent on an annualised basis to more than Dh35.3bn, SCAD’s “Non-oil foreign merchandise trade through the ports of Abu Dhabi” report showed.
If products are imported from another country but thereafter exported to the same or a third country, such trade falls under the re-exports category.
The amount of non-oil foreign trade through Abu Dhabi’s ports in November 2021 hit more than Dh20.3bn, compared to Dh16.8bn during the same period in 2020, the report said. It was the second-best month of the year after October when trade was valued at Dh21.4bn.
The report presents statistics, sourced from the General Administration of Customs, on the value of non-oil foreign merchandise trade, which entered or exited the territory of Abu Dhabi through the emirate's ports, whether air, sea or land.
Saudi Arabia, the Arab world’s biggest economy, was the biggest trading partner of the emirate in November.
The value of trade exchange between Abu Dhabi and the kingdom stood at Dh4.8bn in November, followed by China (Dh1.5bn), the US (Dh1.4bn), Oman (Dh1.1bn), Kuwait (Dh897.6 million), Switzerland (Dh884.8m) and India (Dh801.4m).
The value of non-oil merchandise trade going through customs in November was distributed between seaports with Dh7.2bn, airports with almost Dh6bn and land ports with more than Dh7.1bn of trade volume.
In November, industrial supplies led the volume of non-oil foreign trade from Abu Dhabi ports, worth Dh11.5bn. Capital goods, transport equipment, consumer goods, and food and beverages sectors stood at Dh2.7bn, Dh2.4bn, Dh1.9bn and Dh1.5bn, respectively.
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Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
Without Remorse
Directed by: Stefano Sollima
Starring: Michael B Jordan
4/5
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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Killing of Qassem Suleimani
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
57%20Seconds
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