UAE’s non-oil trade hits record $340B in first half of 2023

News Snapshot:

August 30, 2023 Sheikh Mohammed bin Rashid, the vice president and prime minister of the United Arab Emirates and ruler of Dubai, touted his country’s non-oil foreign trade Wednesday. It set a record of 1.239 trillion United Arab Emirates Dirhams (AED), or $340 billion, in the first six months of this year. He tweeted, “In a new economic achievement for the UAE, our non-oil foreign trade set a new record, reaching a trillion and 239 billion dirhams in just six months this year.” Sheikh Mohammed went on, “Our non-oil exports also continued to grow significantly, exceeding in 6 months what...