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Dubai Exports Drop as Global Commodities Decline

DUBAI - Dubai Chamber of Commerce & Industry, or Dubai Chamber, said that the volume of exports of its members in April reached at Dh15 billion, which is 2.5 per cent lower than the month of March but higher by five per cent than February 2009 figures.

In its monthly report, the chamber said that the volume of exports of chamber’s members during the first four months of this year stood at Dh59.1 billion, which is 15 per cent less compared to the same period in 2008. The chamber attributed this decline to the global decrease in the prices of 
goods and commodities.

The total number of Certificates of Origin issued during the first four months of 2009 stood at 194,000, which is seven per cent less from the same period of 2008 while the total number of Certificates of Origin released in April was 50,000 compared to 53,000 in March and 46,000 in February this year.

During April, 647 new members joined Dubai Chamber compared to 812 in March and 743 in February as the number of new members registered during the first four months
 reached 3000.

The month saw an increase of 13 per cent in the renewal of membership that went up to 7,052 in comparison to April last year. The total number of membership renewal during the first four months of 2009 stood at 26,000 which is an increase of 13 per cent in comparison to the same period in 2008.

The Dubai International Arbitration Centre received 40 cases of trade disputes during April in comparison to the 20 cases the Centre received during the month of March taking the total for the first four months this year to 80 cases which is a 182 per cent increase from the 28 cases of 2008.

The Legal Services Department received 156 cases out of the 322 cases received in the first four months of the year which is a 80 per cent increase from the 182 cases of the 
same period in 2008.

The number of delegations that visited the Chamber during the first four months of this year was 102 with 1,179 businessmen compared to 63 delegations and 704 businessmen in the same period of 2008, which is an increase of 26 per cent and 65 per cent respectively.


aneela@khaleejtimes.com