Business | Markets

UAE tops regional list for German export market

The UAE is the biggest market for German exports in the region, a top German official said yesterday.

  • By Mohammad Ezz Al Deen, Staff Reporter
  • Published: 00:00 April 3, 2006
  • Gulf News

Dubai: The UAE is the biggest market for German exports in the region, a top German official said yesterday.

Walter Leuchs, the German Consul General in Dubai, told Gulf News that German exports to the UAE hit 4.3 billion euros in 2005, but non-oil imports from the UAE did not exceed 200 million euros.

"Crossing Saudi Arabia, Egypt and even India, the UAE is leading the list of importing countries in the region" said Leuchs.

The German council general would not comment on negotiations underway between UAE firms to buy shares in big German companies.

"We prefer to wait until the negotiations end. It is a private business so the privacy should be maintained," said Leuchs.

"We know about the DaimlerChrysler deal from the news agencies," he added.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Markets

  1. Market update: Another bad day for Dubai stocks

  2. Nasdaq Dubai gold trading at monthly record

  3. DP World reviews global projects

  4. Stocks end lower after attacks

All articles in Markets

More from Business

Gulf News
Popular in Business
A world of fun
Global Village

A world of fun

Revamped layout featuring four cultures to greet visitors this season

Business Editor's choice