Overall trade volume was Dhs8.59bn in July this year as against Dhs6.289bn for July 2007.
Commenting on the comprehensive report on external trade activities that include imports, non oil exports and re-exports transactions during July 2008, His Excellency Saeed Ahmed Al Muhairi, Vice Director of the Abu Dhabi Customs Administration, praised the ongoing growth of external trade activities despite the usual general slow down during the summer period.
"The statistics represent a hard proof that reflects the high stature of Abu Dhabi in the Customs field. Through providing traders with high end services, we were able to attract more dealers who expect simple and swift customs procedures", explained Al Muhairi.
His Excellency also stressed that the report highlights the increasing economic importance of Abu Dhabi, as a premium hub for the services industry in the region, whereas the Emirate is witnessing a phenomenal expansion on all levels.
These developments being in line with the futuristic vision of the Emirate's Leadership, represented by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE; and His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
According to the new statistics, imports during July 2008 reached Dhs7.492bn compared to Dhs5.141bn in the same period in 2007 - registering an increase of 46%.
Non-oil Exports of Abu Dhabi reached to Dhs578m and 877 thousand in July 2008 compared to Dhs579m and 805 thousand in the same period in 2007.
Re-export activities witnessed a decrease last July plummeting to Dhs518m and 965 thousand in July 2008 from Dhs567m and 937 thousand for the same period last year.
Saudi Arabia, Japan and Germany were the top three exporters to the Emirate last month, while Qatar, Saudi Arabia and China were the top three destinations for Abu Dhabi's non-oil exports.
The top re-exports destinations were Saudi Arabia, Oman and Bahrain.
The Department also announced that 57% of imports were through sea ports while 32% merchandise passed land borders and 11% were through air freight.
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Abu Dhabi Customs records external trade growth of 36.6% in July 2008 to Dhs8.59bn
- United Arab Emirates: Wednesday, August 20 - 2008 at 11:16
- PRESS RELEASE
The General Administration of Customs - Abu Dhabi announced that external trade in July 2008 increased by 36.6% over the same period in 2007, highlighting the high-growth trade environment of Abu Dhabi.
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An overview of the Finance DepartmentThe Department of Finance (DoF) was established in 1966, and plays a vital role in providing all local government entities with the best of breed of financial services.
DoF aims at enhancing the prosperity of the Abu Dhabi community by contributing to economic growth and promoting private sector participation. DoF includes 5 main directorates and they are: Budgeting, Customs, Government Accounts, Support Services and Information Technology.
DoF is adopting the latest processes and technology to further strengthen the effectiveness and efficiency of its services.
Strategic Priorities for Abu Dhabi Finance Department
1. Identify efficient and innovative ways to finance priority projects of government entities including the concept of Public-Private Partnerships
2. Develop a common and standardized financial framework to ensure financial stability of Abu Dhabi government
3. Define decentralized financial-management model and assure its gradual transition
4. Establish a fiscal-policy unit to develop strategies for efficient government spending
5. Introduce a performance measurement approach to enhance efficient use of government funding
6. Build a process for collection, analyses, and reporting of all financial data of Abu Dhabi government
7. Enhance world-class treasury function to optimize short-term cash and debt management
8. Establish tighter cooperation with federal level on accounting standards and fiscal policies
9. Strengthen and develop DoF-employee competencies by state-of-the-art HR management
10. Enable and maintain state-of-the-art IT technologies to support the future roles and activities of DoF
11. Establish DoF as the reliable and comprehensive source of Abu Dhabi financial data and analysis
12. Protect borders and citizens, facilitate trade, and collect revenues through effective customs
For more information please contact
ASDA'A Public Relations
Nedal Al Asaad/ Ammar Al Thuwaini
Tel: 02-6334133
Fax: 02-6334137
Posted by Eman HassanWednesday, August 20 - 2008 at 11:16 UAE local time (GMT+4)
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