Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Ajman’s exports rise 19 percent in H1 2023

All of the Group’s business segments — Ports, Economic Cities and Free Zones, Maritime and Shipping, Logistics, and Digital — contributed to the record-breaking revenue.
  • Ajman’s total exports reached US$1.2 billion in H1 2023, compared to US$1.1 billion during the same period in 2022.
  • Ships and boats topped the list of exported products, followed by mineral oils, fish and steel products.

AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6 percent during the first half of 2023 (H1 2023).

The emirate’s total exports reached US$1.2 billion (AED4.57 billion) in H1 2023, compared to some US$1.1 billion (AED4.3 billion) during the same period in 2022.

Ships and boats topped the list of exported products, followed by Ships mineral oils, fish and steel products. Saudi Arabia was the top destination for the emirate’s exports, followed by Italy, Kuwait and Turkey.

This growth in Ajman’s export volume reflects its efforts to follow the directives of the UAE’s leadership to create a sustainable economic environment, which drives the development of private sector businesses.

It also highlights the commitment of all relevant government entities in Ajman to diversify proactive tools and supportive services to increase exports of local products, in line with Ajman’s targets and vision.

Ajman’s advanced logistical infrastructure directly improves shipping and transportation operations, making them more efficient.

This, coupled with continuous upgrades to industrial zones, positively impacted the growth of direct investments, especially those allocated to the industrial sector.

The ACCI has adopted a dynamic business agenda to increase the volume of exports from the emirate and open new markets for local products by participating in diverse international exhibitions with its member companies and factories.

The ACCI encouraging international partnerships to promote local products and facilitate access to foreign markets.