Customs transactions in Dubai rose by 60 per cent to reach 4 million in the first quarter of 2020, compared to 2.5 million for the same period last year.
Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation, said the increase in hard times shows the strength of the infrastructure.
"This puts Dubai as one of the best customs and logistics hubs in the world, and a very attractive environment for foreign investments and businesses," he said.
Ahmed Mahboob Musabih, Director General of Dubai Customs, said their investment in smart services is now paying off.
"The noticeable growth in transactions at Dubai Customs despite the current challenges is a very positive indicator of Dubai’s sustainable and resilient economy," he added.
The World Customs Organisation has recognised Dubai Customs for having 99 per cent of services available through smart and online channels.
Only 44,000 Q1 transactions were done manually through the service counters, which makes up just one per cent of the total number.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and President of Ecuador Daniel Noboa have announced the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations on Sunday.
The Dubai Financial Services Authority (DFSA), has announced the temporary closure of Nasdaq Dubai exchange on Monday, March 2, and Tuesday, March 3, due to the ongoing regional developments.
The UAE Capital Market Authority has announced that the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed from Monday, 2 March 2026, until further notice.
Abu Dhabi's Department of Culture and Tourism has issued an official circular to hotel managers across the emirate instructing them to extend the stays of guests who are unable to depart due to travel disruptions following missile and drone attacks from Iran.