1 Updates
UAE-Africa trade may reach $30 bn in 2013
Photo Credit: ANWAR AMRO, Getty Images

UAE-Africa trade may reach $30 bn in 2013

Jun 27 2013, 10:36pm CDT | by

Nairobi, June 28 (IANS) Trade between the United Arab Emirates (UAE) and Africa is expected to jump to $30 billion in 2013, a UAE government official said here.

Nairobi, June 28 — Trade between the United Arab Emirates (UAE) and Africa is expected to jump to $30 billion in 2013, a UAE government official said here. This will represent a 27 per cent increase...

Filed under: news

YouTube Videos

 
 
 

1 year ago

UAE-Africa trade may reach $30 bn in 2013

Jun 27 2013, 10:36pm CDT | by

Nairobi, June 28 (IANS) Trade between the United Arab Emirates (UAE) and Africa is expected to jump to $30 billion in 2013, a UAE government official said here.

Nairobi, June 28 — Trade between the United Arab Emirates (UAE) and Africa is expected to jump to $30 billion in 2013, a UAE government official said here.

This will represent a 27 per cent increase in bilateral trade from the previous year, the UAE ambassador to Kenya reported Xinhua citing Abdulrazak Hadi as telling reporters Thursday.

"Due to Africa's fast growing economies, we expect total bilateral trade between UAE and Africa to hit $30 billion in 2013," Hadi said during a UAE trade mission to Kenya and Tanzania between June 23-29.

The visit comes after high level talks between the two nations following the inauguration of Kenya's new government two months ago.

Senior UAE government officials and more than 25 UAE companies will visit the region to explore trade and investment opportunities.

Statistics from the trade ministry indicate that Kenyan imports from the UAE exceeded exports by approximately $630 million in 2012.

IANS

Source: IANS

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Two Indians elected MPs in New Zealand
Wellington, Sep 22 (IANS) Two Indian-origin leaders have made it to parliament in the recently concluded general elections in New Zealand, media reported Monday.
 
 
Syria condemns US anti-terror coalition
Damascus, Sep 22 (IANS) Syria has criticised the US-led coalition against the Islamic State (IS) militant group, accused it of lacking the "true will" necessary to confront terrorism in the region.
 
 
CO2 emissions set to reach record high in 2014
London, Sep 22 (IANS) Ahead of the New York Climate Summit, researchers have revealed that carbon dioxide (CO2) emissions, the main contributor to global warming, is set to rise again in 2014 - reaching a record high of 40 billion tonnes.
 
 
Jordan arrests 11 IS militants
Amman, Sep 22 (IANS) Jordan has arrested 11 Islamic State (IS) militants who entered the country from Syria.
 
 
 

Latest from the Network

Israel joins fight against Ebola in Africa
Jerusalem, Sep 22 (IANS) Israel has joined the international effort to help combat the Ebola outbreak across West Africa. Doctors from the country's leading medical institutions and other healthcare professionals are...
Read more on Business Balla
 
Asian Games: Dipika loses in semi-final, settles for bronze
Incheon, Sep 22 (IANS) India's squash star Dipika Pallikal lost her semi-final women's singles match to World No.1 Nicol David of Malaysia and settled for the bronze medal in the 17th Asian Games at the Yeorumul Squash...
Read more on Sport Balla
 
CO2 emissions set to reach record high in 2014
London, Sep 22 (IANS) Ahead of the New York Climate Summit, researchers have revealed that carbon dioxide (CO2) emissions, the main contributor to global warming, is set to rise again in 2014 - reaching a record high...
Read more on Politics Balla
 
Asian Games: China's team gold reinstated, Ayonika seventh
Incheon, Sep 22 (IANS) India's Ayonika Paul Monday finished a disappointing seventh in the women's 10-metre air rifle event while China were confirmed winners of the team gold after judges overturned an earlier...
Read more on Sport Balla
 
Lena Dunham doesn't blame women for leaked photos
Lena Dunham says women should be free to take nude pictures of themselves without a risk of them being leaked online. The 'Girls' star has spoken out against hackers who have stolen alleged explicit images of...
Read more on Celebrity Balla
 
Jordan arrests 11 IS militants
Amman, Sep 22 (IANS) Jordan has arrested 11 Islamic State (IS) militants who entered the country from Syria. The militants after their arrest Sunday, admitted that they came from Syria acting upon orders from IS...
Read more on Politics Balla
 
Fiji coup leader to be sworn-in as PM
Suva, Sep 22 (IANS) Fiji coup leader in 2006, Voreqe Frank Bainimarama, will be sworn-in Monday as the prime minister of the country. Bainimarama's Fiji First party has won the 2014 general election, raking 293,714 of...
Read more on Politics Balla
 
Asian Games: Indian women clinch 25m pistol bronze
Incheon, Sep 22 (IANS) Indian shooters kept up their fine performance in the 17th Asian Games with the women's team winning the bronze medal in the 25 metre pistol event at the Ongnyeon International Shooting Range...
Read more on Sport Balla
 
Japanese PM heads for UN General Assembly
Tokyo, Sep 22 (IANS) Japanese Prime Minister Shinzo Abe Monday left for New York to attend the 69th session of the UN General Assembly and is expected to have talks with his counterparts during the trip. According to...
Read more on Politics Balla
 
Russia hopes dialogue continues in Ukraine
Moscow, Sep 22 (IANS) Russia said that the laws adopted by Ukraine last week would give impetus to the further development of peaceful dialogue in that country. "An entire package of laws has been passed in Ukraine...
Read more on Politics Balla