Dubai / WAM The latest statistics from Dubai Customs revealed the value of the emirate’s external trade in Ramadan foodstuff during the first quarter of 2019. The trade during the period amounted to as much as AED8.3 billion. The foodstuffs traded weighed a total of 1.5 million tonnes. The products included, meats, sugar, vegetables, flour, rice, nuts, bottled water, juice ...

Dubai / Emirates Busines The Dubai Gold & Commodities Exchange (DGCX) saw a spike in Indian Rupee (INR) trading in May as the India election came to a close, leading the exchange to record a monthly average open interest (AOI) of 406,203 contracts in the month, its highest AOI since November 2016. Ongoing political tensions across Europe on the back ...

Bloomberg US President Donald Trump terminated India’s designation as a developing nation under a trade program, eliminating an exception that allowed the country to export nearly 2,000 products to the US duty-free. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a proclamation. “Accordingly, ...