DUBAI / WAM Dubai’s non-oil foreign trade volumes surged to 83 million tonnes in the first nine months of 2019, an increase of 22 percent year-on-year from 68 million tonnes in the corresponding period last year. The volume of re-exports skyrocketed 48 percent to reach 13 million tons. Exports rose by 47% to 14 million tonnes while imports grew by ...

ABU DHABI / WAM The UAE has strongly condemned the terror attack by a car bomb on a security checkpoint in Somalia’s capital, Mogadishu, which resulted in death of numerous innocent civilians and the wounding of others. The Ministry of Foreign Affairs and International Cooperation stressed that UAE strongly condemns these criminal acts and fully rejects all forms of violence, ...

Bloomberg The transitional government in Sudan is planning a set of economic and political reforms, including removing fuel subsidies gradually in 2020, Reuters reported, citing Finance Minster Ibrahim Elbadawi. The subsidies for wheat and cooking gas would be retained to help the poor, he told reporters, Reuters said. Subsidies are a major burden on the government’s finances, which have been ...