Business | General
Dubai Chamber increases membership, sets global record in issuance of Certificates of Origin
Amid the global financial crunch, the Dubai Chamber of Commerce and Industry notched up a 42 per cent rise in export and re-export figures.
- Staff Report
- Published: 15:06 January 25, 2009
Dubai: Amid the global financial crunch, the Dubai Chamber of Commerce and Industry notched up a 42 per cent rise in export and re-export figures.
The total value of goods exported and re-exported from Dubai rose to Dh240 billion in 2008, while the Chamber witnessed a 14 per cent increase in membership.
There was also a recorded 11 per cent rise in values of Certificates of Origin issued to the exporters, which makes it the chamber with the largest number of COs issued according to the World Chambers Federation.
The Chamber's membership increased to 121,175 in 2008 from 108,573 in the previous year, while the number of COs reached 624,066 from 559,652 in 2007.
"These figures also represent the Dubai business community's resolve to face the onslaught of the global financial crisis and show optimism and the determination to work towards economic development of the emirate," said Hamad Buamim, Dubai Chamber Director General.
More from Business General
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
