Dubai’s non-oil foreign trade rises 6 pct to $277.74 billion by end of Q3 2019
December 29, 2019, 1:39 pm

Dubai’s non-oil foreign trade rises 6 pct to $277.74 billion by end of Q3 2019

Dubai’s external trade rose 6 percent to 1.02 trillion dirhams ($277.74 billion) in the first nine month of 2019, according to official government figures released Saturday.

Authorities reported that exports rose 23 percent to 118 billion dirhams, re-exports increased 4 percent to 312 billion dirhams, and imports rose 3 percent to 589 billion dirhams.

“The strong growth delivered by non-oil foreign trade is a sign of how resilient the Dubai economy is … Dubai trade is agile and it has strong access to new markets thanks to its reliability and transparency,” said Sultan bin Sulayem, DP World group chairman & CEO and chairman of Ports, Customs and Free Zone Corporation when commenting on the latest figures.

“We are confident our external trade sector will continue its strong growth momentum,” added Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai.

China remains Dubai’s largest trading partner at 109 billion dirhams in trade, a 6 percent increase. India took the second spot with 100 billion dirhams of trade, followed by the US in third at 57 billion dirhams.

Saudi Arabia remained Dubai’s largest Arab trading partner in fifth place globally with 42 billion dirhams worth off trade.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”