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OVERVIEW

The preliminary statistical data of the Federal

Customs Authority (FCA) revealed an increase in the

total non-oil direct trade of the UAE to Dhs1.07

trillion during 2014, achieving a growth rate of 1 per

cent over compared to the previous year. In the

recent years, UAE is attempting to boost its non-oil

sector. Meanwhile, during the month China and

South Korea gained oil concessions in UAE. China

Petroleum Engineering & Construction Corporation

(CPECC) has been awarded a US$330m deal to

develop the onshore Mender oil field in Abu Dhabi.

On the other hand, South Korea’s GS Energy has been

awarded a 3 per cent stake in the 40-year concession

operating Abu Dhabi’s onshore oil fields. Further, a

consortium of Saudi Arabia’s Acwa Power and China’s

Harbin has submitted the lowest tariff price for the

1,200MW Hassyan coal-fired independent power

project (IPP) in Dubai. Conares, the second largest

private steel manufacturer in the region, celebrated

the 25th anniversary of the company’s operations. On this occasion, Conares announced

to increase its manufacturing capacity to one million tonnes at its facility in Jebel Ali

Free Zone (Jafza) and earmarks Dhs200 million for the new facility. The Dubai Gold &

Commodities Exchange (DGCX) announced the signing of a Memorandum of

Understanding (MoU) with the Bank of China (BOC). On the bilateral front, Joint

Secretary, DIPP, met with his UAE counterparts for a preparatory meeting for the 3rd

High Level Task Force on Investment, scheduled to be held during this year.

भारत का राजदतूावास, अब ूधाबी

Embassy of India, Abu Dhabi

ECONOMIC AND COMMERCIAL REPORT: MAY, 2015

Inside the issue

• UAE Free Zones trade

records robust growth

• UAE non-oil trade hits

Dhs1.07 trillion

• GCC leather trade valued at

$4.09 billion

• Realty India Expo featured

160 top developers.

• UAE-based NRIs keen to buy

apartments in India

• Korea’s GS Energy takes 3

percent stake in Abu

Dhabi’s onshore oilfields

• Mubadala Aiming To Sell Its

Stake In Dunia.

• GCC to witness more

Chinese yuan transactions


INSIDE THE NATION

UAE non-oil trade hits Dhs1.07 trillion

The preliminary statistical data of the

Federal Customs Authority (FCA)

revealed an increase in the total non-oil

direct trade of the UAE to Dhs1.07

trillion during 2014, achieving a growth

rate of 1 per cent over compared to the

previous year. The FCA data indicated

that the share of imports of the UAE

total direct non-oil trade amounted to

Dhs696.4 billion during the year,

compared to Dhs685.1 billion in the

previous year, i.e. increasing by 2 per

cent, while the value of exports

amounted to about Dhs132.2 billion,

and the value of re-exports to Dhs243.7

billion with a growth rate of 5per cent

compared to the previous year.

UAE holds 2015 consultative meeting

on double taxation avoidance and the

protection and promotion of

investment agreements.

The Ministry of Finance (MoF) organised

a consultative meeting at its premises in

Abu Dhabi which was attended by key

UAE foreign investment partners at a

federal and local level. The meeting

covered future plans to grow the UAE’s

network of double taxation avoidance as

well as protection and promotion of

investment agreements with several

UAE trading partners, in order to

support growth and investment in the

country.

UAE Free Zones trade records robust

growth

UAE Free Zones is among the top in the

world’s chart as it has immensely

contributed towards the healthy GDP of

the country and due to the important

role they play in promoting Direct

Foreign Investments, said by Dr

Mohammed Al Zarooni, director general

of Dubai Airport Freezone Authority

(DAFZA) who is also the Chairman of the

World Freezone Organisation (World

FZO). He noted the free zone trade in

the UAE has witnessed increasing

growth during recent years. He said that

the main factor towards the growth has

been the country’s flexible trade policy

along with the various incentives and

infrastructure that it offers to its

investors.

GCC leather trade valued at $4.09

billion

Gulf region’s trade for semi-finished and

finished leather, accessories, travel

goods, handbags and footwear, was

worth $4.09 billion in 2014 and the

figure is expected to rise even higher

this year, according to market statistics.

Major global tanneries, manufacturers,

and designers are targeting the

burgeoning regional market for their

respective products. The strength of the

leather industry is evident from the


inaugural edition of Leatherworld

Middle East that started in Dubai on

4/5/15 with a record-entry of 85

exhibitors from 10 countries showcasing

their latest animal hides, machinery,

leather products and accessories in a

market that’s establishing itself as a

major force in the global leather

industry.

Jafza posts 17 percent jump in new

companies in 2014

Jebel Ali Free Zone (Jafza), the flagship

Free Zone of Dubai and trade and

logistics hub for the wider Middle East

region, has seen an increase of 17

percent in the number of new

companies in 2014 compared with the

preceding year. 679 new companies

joined the free zone in the year which

includes world’s top multinationals

including SMC Pneumatics, Sinoma

Technology, XingXing pipes, Weiss –

rohling, Lecker Food, Novartis among

others from across the world.

Investment Corporation of Dubai posts

83 percent profit rise.

Investment Corporation of Dubai (ICD)

posted an 83.5 per cent increase in

profit during the first half of last year

compared with the year-earlier period,

the sovereign wealth fund said. Net

profit attributable to the equity holders

of ICD rose to Dh12.08 billion in the six

months ended June 30 compared with

Dh6.58bn in the year-earlier period, the

fund said in a statement to Nasdaq

Dubai.

UAE Banks Federation appoints

independent agency

The UAE Banks Federation (UBF), a

professional representative body

representing 50 member banks

operating in the UAE, has approved the

appointment of a new independent

monitoring agency for the

implementation of its Code of Conduct

by member banks. This decision was

among the issues discussed at the

Federation’s CEOs’ Advisory Council

meeting held in Dubai. The Council

agreed during the meeting to add four

new specialised committees in the field

of audit, operations and payments, IT,

and fraud.

Dubai plans waste-to-energy plant

Dubai Municipality has invited

companies to prequalify for the project

to develop a waste-to-energy project.

The project will involve the design of the

waste-to-energy scheme and other

associated utilities, the engineering,

procurement and construction (EPC) of

the plant and commissioning and testing

of the facility. The contract will also

include a provisional option for

operation and maintenance (O&M) of

the facility, which will be extendable by

two years. The municipality may decide

whether to extend the O&M option

when taking over the plant.


BILATERAL RELATIONS

Trade Promotional Activities.

The Embassy disseminated information

on the Buyer Seller Meets/Reverse BSMs

being organized by Export Promotion

Councils/Trade Bodies in India and

facilitated participation of interested

companies in these events.

Important Meetings of Ambassador.

During the month under report,

Ambassador held meetings with several

prominent UAE dignitaries which,

interalia, include Dr. Awadh Ali Saleh,

Advisor for International Relations, Abu

Dhabi Tourism & Cultural Authority, Mr.

Mubarak Al Kitbi, Deputy Director

Marketing & Refining, ADNOC, H.E. Mr.

Khalifa Mohammed Al Romaithi,

Chairman UAE Space Agency, Mr.

Rashed Al Khaili, Counsel, ADIA. During

the month, Ambassador also met

President of ULCCS, CMD of UL

Cyberpark Calicut, Vice President of

Emirates Ayurveda Graduates

Association, General Manager of

International Business, Managing

Director of Universal Construction

Machinery, Chairman of IL&FS

Investment, Chairman of Punj Lloyd and

Dr. Mayilswami Annadurai, Project

Manager from ISRO.

Ambassador also attended the

inaugural ceremony of Arabian Travel

Mart 2015, 25th

Abu Dhabi Int’l Book

Fair at Abu Dhabi, National Technology

Day at Abu Dhabi, Mango Festival at Abu

Dhabi, ICAI (Abu Dhabi Chapter)

Partners Meet, celebration of 25 years

of the Dubai based company CONARES,

Guest of honour at the opening of

Thumbay Hospital in Dubai and

attended the dinner hosted by Deputy

Cheifo of Mission in honour of Shri

Shailendra Singh, Joint Secretary,

Department of Industrial Policy and

Promotion, Ministry of Commerce and

Industry.

Joint Secretary, DIPP, visits UAE.

Shri Shailendra Singh, JS, Department of

Industrial Policy and Promotion in the

Ministry of Commerce and Industry

visited UAE and met with concerned

authorities in Abu Dhabi Investment

Authority as a preparoty meeting for the

3rd

High Level Task Force on Investment

scheduled to be held during the latter

part of this year.

Realty India Expo featured 160 top

developers

The 10th edition of Realty India Expo

2015, Dubai’s largest property exhibition

for Non-Resident Indians (NRIs), was

held on 15-16th

May 2015 in Dubai.

According to the organisers, Mindscape

ME, this exhibition featured 160 leading


developers from all states in India aimed

at catering to the growing demand of

the NRIs for quality properties.

Arabian Travel Market 2015

The 2015 edition of Arabian Travel

Market (ATM) 2015, the region’s leading

travel industry showcase, opened its

doors for four days of business

networking opportunities, insightful

seminar sessions, ministerial discussions

and recognition of 12 months of

industry achievement took place at the

Dubai International Convention &

Exhibition Centre from 4-7 May 2015,

which covered over 400 exhibitors and

23,000 visitors.

Conares earmarks Dhs200m

investments

Conares, the second largest private steel

manufacturer in the region, celebrated

the 25th anniversary of the company’s

operations. On this occasion, Conares

announced to increase its

manufacturing capacity to one million

tonnes at its facility in Jebel Ali Free

Zone (Jafza) and earmarks Dhs200

million for the new facility. The

region’s leading provider of downstream

steel products celebrated its

momentous 25th anniversary at a

special ceremony held in the presence

of Sheikh Ahmed Bin Saeed Al Maktoum,

President of the Department of Civil

Aviation, CEO and Chairman of Emirates

Airline and Group, Chairman of Dubai

World and Chairman of Dubai Airports.

H.E. Mr. TP Seetharam (Indian

Ambassador to the UAE), Salma Hareb

(CEO of Jafza and Economic Zones

World); Ibrahim Mohamed Al Janahi

(Deputy CEO of Jafza and Chief

Commercial Officer of Economic Zones

World), other dignitaries and guests also

graced the occasion.

UAE-based NRIs keen to buy

apartments in India

Nearly 80 percent of non resident

Indians (NRIs) are keen to buy

apartments in their home land, with

Bangalore and Mumbai named as the

preferred locations, according to a

survey. The poll of 15,000 NRIs living in

the UAE also revealed that 72 percent of

those buyers aim for a purchase within

the next six months. The reseach

released by Sumansa Exhibitions, the

organisers of the Indian Property Show,

showed 79 percent are interested in

buying an apartment compared to plots,

land, villas, commercial or retail in India.

According to the findings, Bangalore

topped the charts for NRI property

investments alongside Mumbai,

followed by Chennai, Pune, Cochin,

Delhi, Hyderabad, Navi Mumbai, Goa

and Ahmedabad.

Trade Enquiries.

A total of 78 trade enquiries were

received during the month in the

Embassy in Abu Dhabi and the Consulate

General of India in Dubai.


Trade Disputes.

No trade dispute has been received this

embassy during the month.

MARKET WATCH

Korea’s GS Energy takes 3 percent stake

in Abu Dhabi’s onshore oilfields

South Korea’s GS Energy, will take a 3

per cent stake in Abu Dhabi’s prime

onshore concession, Abu Dhabi National

Oil Company (Adnoc) said. The deal is

the latest in the long-running process

whereby Adnoc and the Supreme

Petroleum Council have been allocating

40 per cent of the company that

operates 15 onshore oilfields,

accounting for more than half the UAE’s

daily oil output. The Adco concession, as

it is called, expired at the end of 2013

and Adnoc has been evaluating bids for

new 40-year contracts for more than a

year. France’s Total was the first to win

a stake, this year paying US$2.2 billion

for a 10 per cent share in Adco and

operational control over two of the

most sought after fields.

GCC to witness more Chinese yuan

transactions

A forex expert from Crédit Agricole

Private Banking commented at a media

roundtable on 6/5/15 that the GCC

countries are set to witness an

increasing level of Chinese currency

transactions, to support the growing

cross-border trade and investment flows

between China, GCC and the wider

Middle East region.

Mubadala Aiming To Sell Its Stake in

Dunia

Mubadala Development Company PJSC

and Temasek Capital Management Pte

Ltd are said to be among shareholders

looking to sell their stakes in Dunia

Finance LLC. The sale might attract a

bidding war from banks seeking to tap

high-yielding individual customers. One

shareholder may buy the others out or

the company may be sold to the public

in an initial public offering, according to

analysts.

SAIF Zone to grab a larger share of

China trade

Saud Salim Al Mazrouei, Director of

Sharjah Airport International Free Zone

(SAIF Zone) and Hamriyah Free Zone

Authority (HFZA) has said that SAIF Zone

aims to grab a larger share of trade with

China and to attract more multinationals

in the Food and Beverage sector. He

made his remarks on the sidelines of the

SIAL 2015 exhibition that concluded at

the New International Expo Centre in

Shanghai, China. China is a global leader

in agricultural production and Al

Mazrouei invited F&B enterprises to

benefit from the exposure provided by

the SAIF Zone, which is an ideal hub for

food import and export.


China, UAE oil firms sign USD 330

million worth oilfield development

project.

A subsidiary of China's oil and gas giant

signed on 17/5/15 a contract worth 330

million U.S. dollars with an onshore

petroleum firm in Abu Dhabi for a

development project at the UAE's

southern Mender oilfield. The joint

project between China Petroleum

Engineering and Construction

Corporation (CPECC) and Abu Dhabi

Company for Onshore Oil Operations

(ADCO) will help boost ADCO's daily

crude production from 1.4 million

barrels to 1.8 million by 2017.

Brookfield Multiplex wins Lapita theme

park hotel

Canada’s Brookfield Multiplex has been

awarded the estimated US$118 million

contract to build the Lapita Hotel at the

US$2.9bn theme parks project being

developed by Dubai Parks & Resorts.

The 500-room hotel is part of the first

phase of the development, which is

being developed by the local Meraas

Holding. The first phase, which is

scheduled for completion in 2016, will

comprise three theme parks:

Motiongate Dubai; Bollywood Parks

Dubai; and Legoland Dubai. The

development will also feature an

entrance plaza known as Riverpark and

the family-themed hotel known as

Lapita.

Acwa Power group submits lowest

Dubai coal project tariff

A consortium of Saudi Arabia’s Acwa

Power and China’s Harbin has submitted

the lowest tariff price for the 1,200MW

Hassyan coal-fired independent power

project (IPP) in Dubai. The Saudi

developer submitted a tariff price 5.177

$cents a kilowatt hour for the 1,200MW

project, and also submitted an

alternative proposal for a 1,800MW

plant with a levelised cost tariff of 4.998

$cents a kilowatt hour.

Emal requests new bids for power plant

expansion

Emirates Aluminium (Emal) has

requested bidders to submit new prices

for the third-phase expansion of the

captive power plant at its complex in

Khalifa Industrial Zone Abu Dhabi

(Kizad). South Korea’s Samsung C&T

recently completed work on the $625m

second-phase expansion of the captive

power plant at the Emal complex. The

expansion has increased the capacity of

the facility from 2,000MW to 3,100MW.

Samsung C&T was the engineering,

procurement and construction (EPC)

contractor for the second-phase

expansion, and the US’ GE provided

turbines for the project.

DGCX signs MoU with Bank of China

The Dubai Gold & Commodities

Exchange (DGCX) announced the signing

of a Memorandum of Understanding


(MoU) with the Bank of China (BOC). The

agreement creates a framework for both

institutions to work together to enhance

interaction and collaboration between

the derivatives and financial markets of

the UAE and China. The MoU paves the

way for greater exchange of market

information and industry best practices

between the two institutions.

Gulf Capital to finance 3 projects in

Egypt

Gulf Capital, one of the largest and most

active alternative investment firms in

the Middle East, and Carbon Holdings,

Egypt’s largest petrochemicals holding

company, have signed a debt financing

agreement to support three of the

Egypt’s mega-industrial projects in Ain Al

Sokhna on the Suez Canal in Egypt, to

increase overall exposure to the fast

growing Egyptian economy. The Dhs92

million ($25 million) convertible, five-

year loan facility was extended by Gulf

Capital’s credit fund, GC Credit

Opportunities Fund I, to finance the

development and expansion of three of

Carbon Holdings’ petrochemical

projects: Egypt Hydrocarbon

Corporation, Oriental Petrochemicals

Corporation and Tahrir Petrochemicals

Corporation.

Dubai’s Auris Group to open 15 new

hotels

Auris Group of Hotels, UAE’s home-

grown hospitality brand, announced the

opening of 15 new hotels and hotel

apartments with more than 3,000 keys

by 2017. With the new hotel operations,

the company will create employment for

2,000 hotel professionals to manage this

large inventory of new hotel rooms and

serviced apartments. Auris Group of

Hotels, which has a portfolio of five

properties including a five-star hotel, a

three-star hotel and three hotel

apartments totaling 807 keys managed

by 465 professionals, is in the process of

employing 775 hospitality professionals

this year to manage its four new hotels

due to open in 2015.

Mohd Shahid Alam

Second Secretary (E&C)

For further information on UAE economic

indicators, bilateral trade figures, nature of

trade enquiries handled, and scheduled

exhibitions/seminars in UAE please see the

annexure.

India-UAE total trade for the last 5 years

Value in US$ Million

S. No.

Year 2010-2011 2011-2012 2012-2013

2013-14

2014-15

1 EXPORT 33,822.39 35,925.52 36,316.65 30,520.42 30,497.93

2 %Growth 41.1 6.22 1.09 -15.96 -16.02

3 IMPORT 32,753.16 36,756.32 39,138.36 29,019.82 29,114.18

4 %Growth 67.97 12.22 6.48 -25.85 -25.61

5 TOTAL TRADE 66,575.55 72,681.84 75,455.01 59,540.24 59,612.11

6 %Growth 53.15 9.17 3.82 -21 -21

7 TRADE BALANCE

1,069.22 -830.80 -2,821.71 1,500.00 1,383.75

Source : Dept. of Commerce, Govt. of India

India’s top 10 Exports to UAE:

Values in US$ Million

S. No.

HS Code

Commodity 2013-2014 2014-2015

1 71 Natural or cultured pearls, precious or semiprecious stones, pre.-metals,clad with pre-metal and articles thereof; imitation jewellery ;coin.

12,778.80 12,280.37

2 27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes.

5,039.94 6,525.72

3 62 Articles of apparel and clothing accessories, not knitted or crocheted.

947.94 1,507.56

4 89 Ships, boats and floating structures. 1,068.58 1,181.39

5 61 Articles of apparel and clothing accessories, knitted or corcheted.

789.86 1,142.70

6 88 Aircraft, spacecraft, and parts thereof. 1,060.36 1,068.95

7 84 Nuclear reactors, boilers, machinery and 637.27 711.47

2

mechanical appliances; parts thereof.

8 73 Articles of iron or steel 791.22 701.71

9 72 Iron and steel 528.18 641.6

10 85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers and parts.

1,035.73 615.73

India’s total exports to UAE 30,520.42 33,034.10

India’s top 10 Imports from UAE

Values in US$ Million

S. No.

Hs code

Commodity 2013-2014 2014-2015

1 27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes.

13,263.35 13,379.83

2 71 Natural or cultured pearls, precious or semiprecious stones, pre.-metals,clad with pre-metal and articles thereof; imitation jewellery ;coin.

11,899.69 8,795.43

3 74 Copper and articles thereof. 681.13 638.7

4 72 Iron and steel 460.79 572.48

5 76 Aluminium and articles thereof. 427.76 502.26

6 39 Plastic and articles thereof. 341.23 479.21

7 25 Salt; sulphur; earths and stone; plastering materials, lime and cement.

308.18 312.45

8 89 Ships, boats and floating structures. 569.55 243.35

9 15 Animal or vegetable fats and oils and their cleavage products; pre. Edible fats; animal or vegetable waxex.

68.04 217.04

10 85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers,and parts.

75.03 105.74

3

India’s total imports from UAE 29,019.82 26,008.43

Source : Department of Commerce, Govt. of India.

UAE’s total non-oil trade for the year 2013 UAE’s Trade Value (US$ Billion) India’s share Total Imports 186.67 10.67% Total Non Oil Exports 40.38 19.14% Total Re-exports 63.27 13.64% Total Trade 290.31 12.49%

(Source : UAE National Bureau of Statistics)

The UAE’s top ten import items for the year 2013 :

S. No. Items Value

(US$ Million)

1 Pearls, Precious Metals, Stones & Articles Thereof

60,983.29

2 Nuclear Reactors, Boilers, Machinery & Parts Thereof

18,757.90

3 Vehicles Other Than Railway Or Tramway; Parts

17,595.82

4 Electrical Machinery, Sound Recorders And Parts

13,031.17

5 Aircraft, Spacecraft, And Parts Thereof

7,845.95

6 Articles Of Iron Or Steel

4,252.04

7 Iron And Steel

3,663.06

8 Plastics And Articles Thereof

3,653.75

9 Copper And Articles Thereof

3,472.96

10 Mineral Fuels, Oils, Waxes And Bituminous Substances

2,756.38

(Source: UAE National Bureau of Statistics)

The UAE’s top ten non-oil export items for the year 2013 :

S. No. Items Value

(US$ Million)


21,822.80

4


2,831.75

3 Aluminium And Articles Thereof

2,010.98


1,589.71

5 Iron And Steel

1,457.37


1,026.30

7 Salt; Plastering Materials, Lime And Cement

1,013.28

8 Products Of The Printing Industry; Manuscripts

813.47

9 Articles Of Iron Or Steel

751.86

10 Sugars And Sugar Confectionery

546.31


The UAE’s top ten re-export items for the year 2013:

S. No. Items Value

(US$ Million)

1 Pearls, Precious Metals,Stones & Articles Thereof

23,781.86

2 Nuclear Reactors,Boilers,Machinery & Parts Thereof

8,646.74

3 Vehicles Other Than Railway Or Tramway; Parts

7,456.52

4 Electrical Machinery,Sound Recorders And Parts

6,215.05

5 Aircraft, Spacecraft, And Parts Thereof

2,643.39

6 Rubber And Articles Thereof

1,155.25

Articles Of Iron Or Steel

879.77

8 Man-Made Filaments

851.69

9 Tobacco And Manufactured Tobacco Substitutes

778.18

10 Knitted Or Crocheted Articles Of Apparel

732.98

5


UAE’s trade with India for the year 2013

Value (US$ Billion) Total Imports 19.91 Total Non Oil Exports 7.73 Total Re-exports 8.63 Total Trade 36.27


The UAE’s top ten import items from India for the year 2013 :

S. No. Items Value

(US$ Million)

1 Pearls, Precious Metals, Stones & Articles Thereof 13,427.35

2 Cereals 555.07

3 Articles Of Iron Or Steel 508.13

4 Electrical Machinery, Sound Recorders And Parts 449.56

5 Iron And Steel 431.64


402.29

7 Knitted Or Crocheted Articles Of Apparel 351.78 8 Vehicles Other Than Railway Or Tramway; Parts 311.93

9 Articles Of Apparel, Not Knitted Or Crocheted 281.47

10 Edible Fruits, Nuts, Peel Of Citrus Fruit & Melons 229.74

(Source: UAE National Bureau of Statistics)

The UAE’s top ten non-oil export items to India for the year 2013 :

S. No. Items Value

(US$ Million)

1 Pearls, Precious Metals, Stones & Articles Thereof 6,240.09

2 Copper And Articles Thereof 341.91 3 Iron And Steel 255.61

4 Plastics And Articles Thereof 245.10

5 Salt; Plastering Materials, Lime And Cement 147.18

6 Aluminium And Articles Thereof 140.70 7 Articles Of Iron Or Steel 51.90

6

8 Pulp Of Wood; Waste And Scrap Of Paper 46.56

9 Ships, Boats And Floating Structures 42.75


36.51


The UAE’s top ten re-export items to India for the year 2013:

S. No. Items Value

(US$ Million)


8,020.93

2 Electrical Machinery, Sound Recorders And Parts

118.98


96.26

4 Edible Fruits, Nuts, Peel Of Citrus Fruit & Melons

71.91

5 Reserved For Special Cases By Contracting Parties

53.19

6 Rubber And Articles Thereof

34.09

Articles Of Iron Or Steel

21.68

8 Optical, Photographic, Measuring&Medical Instruments

21.29


17.45


12.72 (Source : UAE National Bureau of Statistics)

UAE’s top 10 trading partners for the year 2013

S no. Countries Imports

Non-oil Exports

Re-exports

Total trade

US$ Million

US$ Million

US$ Million

US$ Million

1 India 19,911.68

7,727.74

8,630.89

36,270.31

2 United States Of America

19,401.66

363.55

1,640.55

21,405.76

3 China 19,250.07

7

17,481.94 864.89 903.24

4 Iran (Islamic Republic Of)

1,355.52

718.81

11,528.36

13,602.70

5 United Kingdom Of Great Britain And Northern Ireland

10,087.87

203.55

2,487.34

12,778.76

6 Switzerland 9,179.73

2,462.21

944.88

12,586.82

7 Germany 10,331.99

211.66

406.57

10,950.21

8 Japan 9,584.64

313.09

105.57

10,003.30

9 Saudi Arabia 4,104.20

3,553.71

2,137.64

9,795.55

10 Turkey 4,363.11

4,911.79

503.10

9,778.01


UAE Economic Indicators

2010[a] 2011[a] 2012[a] 2013[a] 2014[b] 2015[c] 2016[c]

GDP Nominal GDP (US$ m) 286,049 347,454 372,314 402,285 419,660 396,962 421,790 Nominal GDP (Dh m) 1,050,516 1,276,025 1,367,323 1,477,594 1,541,413 1,458,041 1,549,235 Real GDP growth (%) 1.6 4.9 4.7 5.2 4.6 3.2 3.4 Origin of GDP (% real change)

Agriculture -10.5 0.2 -5.5 -1.2 0.1 0.1 0.1

Industry 2.6 5.4 4.6 4.2 3.5 2.2 2.3

Services 0.7 4.4 4.9 6.5 6 4.4 4.7 Population and income

Population (m) 6.7[b] 7.1[b] 7.5[b] 7.9[b] 8.4 8.9 9.3 GDP per head (US$ at PPP) 69,612[b] 70,882[b] 71,432[b] 71,980[b] 71,816 71,242 71,126 Fiscal indicators (% of GDP) Consolidated government revenue 29.8 34.6 36.1 34.6[b] 31.9 25.7 27 Consolidated government expenditure 32 30.4 27.4 28.0[b] 27.9 30.5 29.9

8

Consolidated government balance -2.2 4.1 8.8 6.6[b] 4.1 -4.8 -3

Net public debt 53.2[b] 45.1[b] 44.7[b] 44.5[b] 45 48.1 46.4 Prices and financial indicators Exchange rate Dh:US$ (end-period) 3.67 3.67 3.67 3.67 3.67[a] 3.67 3.67 Exchange rate Dh:€ (end-period) 4.91 4.75 4.85 5.07 4.46[a] 3.6 3.73 Consumer prices (av; %) 0.9 0.9 0.7 1.1 2.3[a] 2.3 2.5 Stock of money M1 (% change) 4.2 13.4 13.3 26.9 17.5 9.5 10 Stock of money M2 (% change) 6.2 5 4.4 22.5 11.4 7.9 10 Lending interest rate (av; %) 7.7[b] 7.2[b] 6.2[b] 5.8[b] 5.3 5.4 5.5 Current account (US$ m)

Trade balance 48,978 106,595 131,982 137,101 126,764 90,364 96,117 Goods: exports fob 213,539 302,037 349,481 378,609 380,347 353,583 380,394 Goods: imports fob -164,561 -195,442 -217,499 -241,507 -253,583 -263,219 -284,276

Services balance -30,360 -43,715 -48,072 -53,757 -59,994 -66,355 -72,155

Income balance -100 110 297 177 1,427 3,006 1,730 Current transfers balance -11,273 -12,035 -15,240 -18,884 -20,743 -21,801 -23,120 Current-account balance 7,246 50,955 68,967 64,638 47,454 5,214 2,573 External debt (US$ m)

Debt stock 150,544[b] 156,650[b] 161,668[b] 168,761[b] 173,661 174,712 179,631

Debt service paid 15,279[b] 21,307[b] 22,867[b] 21,538[b] 18,748 20,409 21,086 Principal repayments 10,000[b] 16,000[b] 16,000[b] 15,000[b] 12,000 13,000 12,000

Interest 5,279[b] 5,307[b] 6,867[b] 6,538[b] 6,748 7,409 9,086 International reserves (US$ m) Total international reserves 32,785 37,269 47,035 68,203 78,424 79,924 80,924

[a] Actual [b] Economist Intelligence Unit estimates [c] Economist Intelligence Unit forecasts.

Source: Economic Intelligence Unit

13

Exhibitions in Abu Dhabi

05 - 09 May

International Jewellery and Watch Show Abu Dhabi (JWS) 2015

06 - 09 May

Beauty Secrets 2015

07 - 13 May

Abu Dhabi International Book Fair 2015

20 - 21 May

3D Print UAE

07 - 28 Jul

Ramadan and Eid Festival 2015

01 - 04 Sep

Chic Lady 2015

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09 - 12 Sep

Abu Dhabi International Hunting and Equestrian Exhibition 2015

10 - 21 Sep

Eid al-Adha Exhibition 2015

01 - 03 Oct

Arab Carpet Expo incorporating Arab Flooring Expo, Yarn & Fiber Expo and the International

Green Carpet & Flooring Conference 2015

04 -06 Oct

Power-Gen Middle East & WaterWorld Middle East 2015

05 Oct- 07 Dec

IOF Regionals 3rd

Middle East and Africa Osteoporosis Meeting 2015

19 - 21 Oct

World Halal Travel Summit 2015

20 - 22 Oct

Taweya 2015

27 - 29 Oct

Najah Education & Training 2015

31 Oct- 02 Nov

Arab Health Recruitment & Training Fair 2015

01 - 04 Dec

Abu Dhabi International Flower and Garden Exhibition (Zuhoor 2015)

Organizer details

Abu Dhabi National Exhibitions Company

Khaleej Al Arabi Street

P.O. Box 5546

Abu Dhabi, United Arab Emirates

International : +971 2 444 6900

Facsimile: +971 2 444 6135

Email : [email protected] Website : www.adnec.ae

Exhibitions in Dubai:

MAY

04-06 Leather World

www.leatherworldme.com

04-07 Arabian Travel Market

www.arabiantravelmarket.com

05-06 NUVIUN - Digital Health & Medical Technology Conference 2015

www.nuviun.com/digital-health-conference

15

10-12 Airport Show and Global Airport Leaders Forum

www.theairportshow.com

11-12 The Call Centre Show

www.insights-me.com/callcentre

11-13 Professional Audio and Lighting Middle East (PALME)

www.palme-middleeast.com

12-13 The Retail Show

www.terrapinn.com/exhibition/retail-show-middle-east

12-13 Card and Payments

www.terrapinn.com/exhibition/cards-and-payments-middle-east

12-13 The Mobile Show

www.terrapinn.com/exhibition/the-mobile-show

12-13 E-Commerce Show

www.terrapinn.com/exhibition/ecommerce-show-middle-east

18-20 Facilities Management Expo (FM EXPO)

www.fm-expo.com

18-20 Commercial Cleaning and Hygiene Expo / Waste and Recycling

Management Expo

www.middleeastwaste.ae

18-21 Index Exhibition

www.indexexhibition.com

18-21 Objet ME

www.indexexhibition.com

18-21 The Office Exhibition

www.theofficeexhibition.com

18-21 Marble & Stone Exhibition

www.middleeaststone.com

18-21 Middle East Covering

www.middleeastcovering.com

26-28 Beauty World Middle East and Wellness and Spa Exhibition

www.beautyworldme.com

JUNE

01-03 Hospital Build and Upgrade and Healthscape

www.hospitalbuild-me.com

02-03 Totally Unmanned Exhibition

www.terrapinn.com/exhibition/the-uav-show-middle-east

02-04 Automechanika

www.automechanikadubai.com

11-13 Indian Property Show

www.indianpropertyshow.com

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16-16 The Majlis

www.majlis.ae

JUL

21-29 Dubai Sports World

www.dubaisportsworld.a

SEPTEMBER

08 - 10 Cityscape Exhibition and Conference

www.cityscapeglobal.com

14 - 16 Materials Handling

www.materialshandlingme.com

14 - 16 Paper Arabia

www.paperarabia.com

14 - 16 Gulf Sol

www.gulfsol.com

14 - 16 Gulf Glass

www.glassinthegulf.com

15 - 19 The Training and Development Show

www.terrapinn.com/exhibition/training-and-development-show

28 - 30 The Hotel Show

www.thehotelshow.com

28 - 30 The Leisure Show

www.theleisureshow.com

OCTOBER

03 - 10 GITEX Shopper 2015

www.gitexshopperdubai.com

04 - 06 Patients Safety Exhibition & Conference

www.patientsafety-me.com

05 - 07 IPM - International Trade Fair for Plants and

WOP - World of Perishables

www.ipm-dubai.net

06 - 07 MENA Mining Congress

www.terrapinn.com/exhibition/menaminingshow

07 - 08 International Medical Travel Exhibition and

Conference (IMTEC)

www.medicaltravelexhibition.com

11 - 12 International Textile Fair - Autumn

www.internationaltextilefair.com

18 - 22 GITEX Technology Week 2015

www.gitex.com

19 - 22 Infocomm

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www.infocomm-mea.com

27 - 29 Sweets & Snacks Middle East

www.sweetsmiddleeast.com

27 - 29 The Specialty Food Festival

www.speciality.ae

27 - 29 Gulfood Manufacturing

www.gulfoodmanufacturing.com

NOVEMBER

02 - 04 Light Middle East Exhibition

www.lightstyleexpo.com

02 - 04 Clean Middle East Pulire

www.cmepexpo.com

02 - 04 Gulf Car Wash and Gulf Laundrex

www.gulfcarwash.com / www.gulflaundrex.com

03 - 04 Dubai International Character and Licensing Fair

and Dubai World Game Expo

www.licensingdubai.ae / www.gameexpo.ae

10 - 14 Dubai International Motor Show

www.dubaimotorshow.com

23 - 26 The Big 5 / Big 5 PMV / Middle East Concrete

www.thebig5.ae

DECEMBER

02 - 04 SMAP Expo

www.smapgroup.com

02 - 04 The Mother, Baby & Child Show

www.motherbabyandchild.com

07 - 09 Gulf Traffic Exhibition

www.gulftraffic.com

07 - 09 Vision X Dubai - Optical & Ophthalmic

Exhibition and Conference

www.vision-x.ae

08 - 10 China Products Fair

www.chinahomelife.ae

09 - 12 Dubai International Jewellery Week

www.jewelleryshow.com

15 - 17 International Autumn Trade Fair

www.dubaiautumnfair.com

17 - 19 Indian Property Show

www.indianpropertyshow.com/dubai

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For more details: Dubai World Trade Centre

P.O. Box 9292

Dubai, UAE

Telephone: +971 4 332 1000

Email: [email protected]; Website : www.dwtc.com

Exhibitions in Sharjah:

Ramadan Fair

A multi --product consumer fair and complete family entertainment event.

25 June-16 July, 2015

Mideast Watch & Jewellery Show

Bi-annual exhibition showcasing the latest designs and trends in watches, jewellery,

gold, precious stones and diamonds.

6-10 October, 2015

Green Middle East

Pioneering Environment Technology.

19-21 October, 2015

Sharjah International Book Fair

International book fair organized by the Department of Culture & Information,

Government of Sharjah.

4-14 November, 2015

Chic Lady

The top players in this field will gather to offer the new and latest models beside the

daily fashion shows.

26-29 November, 2015

Halal Middle East

International Food & Technology Exhibition

7-9 December, 2015

Kitchen Equipment Middle East

Kitchen Equipment & Technology Exhibition

7-9 December, 2015

The 16th Gcc Joint Exhibition

GCC countries assign great importance to developing the exhibitions and conferences

sector through underlining the importance of investing in it.

14-17 December, 2015

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For more details, please contact

Expo Centre Sharjah,

P.O.Box: 3222,

Sharjah, UAE.

Tel:+971-6-5770000; Fax:+971-6-5770111;

E-mail: [email protected]; Website: www.expo-centre.ae.

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