Rhythm Of Your Heart
Yakh Zadam
Shadmehr Aghili
Listen To Radio Shoma 93.4
Listen Live

UAE free zone trade exceeds AED 621 billion

Thursday, 9 April 2020 09:13

iStock

The trade volume of free zones in the UAE reached AED 621.3 billion in 2019.

That’s an increase of 2.1 per cent compared to the previous year, according to figures revealed by the Ministry of Finance.

Imports registered a year-on-year growth of 2.7 per cent (AED 356.5 billion), while exports were up 1.3 per cent (AED 264.8 billion).

The UAE’s free zones are home to tens of thousands of foreign companies operating in diverse sectors, including manufacturing, warehousing and storage, commodities, media, information technology and others.

Their overall trade volume accounted for 53.5 per cent of the country's total non-oil trade (AED 1.16 trillion) in 2019.

Share

More from Business

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

  • Wall Street futures sink as tariffs fuel recession fears

    US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.

News

Our Shows

Quick Links

Listen on the Go

  • Available on the App Store
  • Available on Google Play

© 2025 ARN and Aiir. All Rights Reserved.