The UAE financial market grows along with trade sector

Published June 7th, 2001 - 02:00 GMT

The recently published financial report by the Emirates Industrial Bank revealed that the trade sector in the UAE recorded a dramatic growth rate of 11 percent per annum during the years 1990-1999. This is the highest growth rate achieved by a domestic commercial sector in world. only few other countries have managed to record more than ten percent growth in the commercial sector in the past decade, the Bank said.  

 

Much like the trade sector, the UAE financial market is also on the upswing. According to Al-Bayan daily, 533 million Emirati dirhams ($145 million) worth of stocks were traded on the local market during the first four months of 2001. The number of traded shares reached 36.34 million while the number of transactions executed amounted to 6,000 during the same period. — (MENA Report)  

 

© 2001 Mena Report (www.menareport.com)


© 2000 - 2019 Al Bawaba (www.albawaba.com)

You may also like