Sheikh Mohammed chairs a meeting in Dubai. File
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday took to X to announce that Dubai's non-oil foreign trade has reached Dhs2 trillion target a year before the deadline.
Sheikh Mohammed wrote on X: “In 2020, before the COVID-19, we declared from Dubai Council our target for Dubai's non-oil foreign trade to reach Dhs2 trillion by 2025. Today, a year before the time fixed, we reached our goal, thanks for Allah Al Mighty. In Dubai, we say what we do and do what we say.”
"We formed a team to set encouraging, legal and logistic plans and open new markets in front of our exports to reach that goal. When the crisis struck global trade, the teams told me that it was impossible to reach our goal."
"Life experiences taught me that crises are the best time for development and thinking outside the box, so we launched many initiatives, developed policies, changed and facilitated procedures during the largest global crisis which lasted nearly two years. Today, a year before the time fixed, we reached our goal, thanks for Allah Al Mighty. In Dubai, we say what we do and do what we say,” Sheikh Mohammed wrote further.
Sheikh Mohammed in his capacity as Ruler of the Emirate of Dubai, issued a decision merging the Dubai Economy and the Department of Tourism under the umbrella of a new department called the Dubai Department of Economy and Tourism.
Under the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and the directives of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai
In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed Bin Rashid Al Maktoum issued Decree No. 24 of 2020 on the Board of Directors of the Investment Corporation of Dubai (ICD).
“It is extremely encouraging to share that there is remarkable increase of 300 to 400 % in the exports of sesame seeds this year. Exports of Pakistani rice will cross $3 billion in comparison to about $1.5 billion formerly,” underlined Motiwala.
Gulf Oil International Limited (Gulf), a global leader in providing a comprehensive range of high-performance lubricants and related products across a diverse range of market segments for more than a century, has partnered with OTO Pakistan (Private) Limited (OTO) in the Pakistan
The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak global demand, geopolitical uncertainty and persistently high inflation dent hopes for a swift rebound. The revised forecast was approved by the cabinet on
Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, underscored its pivotal role in fostering sustainable, self-reliant economic growth across key sectors during Global Trade Review Mena 2024 (GTR Mena) at