Thursday, May 23, 2024
Today’s News

Abu Dhabi’s Terminals Handle Dhs281.9 Billion in non-oil Foreign Trade.

The total amount of non-oil foreign trade passing through the Emirate of Abu Dhabi’s border crossings increased by 8 percent from Dhs260.435 billion in 2022 to Dhs281.903 billion in 2023.
Comparing Dhs114.355 billion in 2022 to Dhs136.45 billion in 2023, imports increased by 19% over the previous year. In 2022, re-export activities amounted to Dhs47.277 billion, but they saw an 11% increase to Dhs52.394 billion in value.

According to Rashed Lahej Al Mansoori, Director-General of the General Administration of Abu Dhabi Customs, the growth rates highlight Abu Dhabi’s economic expansion in all sectors, which actively propels the nation’s economic growth through decisions and policies.

Adnoc Distribution and AD Ports Group established an agreement: The world’s foremost intermediary for commerce, logistics, and business, AD Ports Group, has declared today that its Ports Cluster will subsequently handle the worldwide distribution of marine lubricants.

The news followed the signing of a strategic partnership with Adnoc Distribution, the top producer of automotive and marine lubricants in the United Arab Emirates.

As per the deal, the Ports Cluster will use its sophisticated infrastructure and connections to supply lubricants in high demand worldwide to clients in the United Arab Emirates.

Also Read:

Infosys Q4 2024 Results: IT Behemoth Declares Special Dividend 

UAE and Costa Rica Usher in a New era of Investment and Trade Under the CEPA. 

 

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Thursday, May 23, 2024

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