Qatars exports grew 18.4% in May to $5.49 billion
The Dollar Business Bureau Qatar’s exports grew 18.4% to QR20.2 billion (about $5.49 billion) in May, on account of higher shipments of petroleum gases and other gaseous hydrocarbons such as LNG, propane, butane, etc. “The overall value of exports of goods that include shipments of domestic origin as well as re-exporting of goods in May 2017, reached at around QR20.2 billion, witnessing a sharp increase of 18.4% (year-on-year) as compared to May last year, according to the latest data by the Qatar’s Ministry of Development Planning and Statistics. On monthly basis, the country’s exports grew by 7.6% last month as compared to April, the data showed. The increase in overall exports from Qatar was mainly backed by higher shipments of petroleum gases and other ...
UAE to invest $75 billion in India, enhance bilateral trade
The Dollar Business Bureau Prime Minister Narendra Modi (L) with Vice-President and Prime Minister of UAE, HH Mohammed bin Rashid Al Maktoum (R), at Za’abeel Palace, Dubai, on Monday. The United Arab Emirates (UAE) will increase its investment in India to $75 billion and the two countries have agreed to enhance the bilateral trade by 60% in the next five years. At present, the India-UAE trade is estimated to be around $60 billion and the gulf country’s investment in India is around $8 billion. Prime Minister Narendra Modi met Crown Prince Mohamed Bin Zayed AI Nahyan in Abu Dhabi on Monday. “The two leaders agreed to further promote trade between the two countries, and use their respective locations and infrastructure ...
