Dubai says trade with ‘Israel’ has topped $270 million since normalization
Dubai said on Saturday that trade with ‘Israel’ has reached 1 billion dirham ($272 million) since ‘Israel’ and the United Arab Emirates normalized ties.
.@DubaiCustoms : #Dubai’s trade with Israel in the last 5 months (Sep 2020-Jan 2021) reached a value of AED1 billion & a volume of 6.217k tonnes.https://t.co/hYBp0axRDd pic.twitter.com/2AdAZ2uTV9
— Dubai Media Office (@DXBMediaOffice) January 30, 2021
The Dubai media office said some two-thirds of the sum was exports, while a third was imports.
Dubai’s main imports include electronic devices, diamonds, fruits and vegetables, and medical devices, while exports are chiefly perfumes, lubricants, engine parts, phones, and diamonds.
“The expansion of trade and investment between the two sides will benefit not only the business communities in the UAE and Israel, but also other stakeholders and business communities in the Middle East,” said Sultan bin Sulayem, Chairman of Dubai’s Ports, Customs and Free Zone Corporation.
The UAE and ‘Israel’ normalized their relations in September in a move that was followed by Bahrain, Sudan and recently Morocco.
Palestinians condemned the normalization agreements, saying they encouraged Israel’s denial of their rights and do not serve the Palestinian cause.
