Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Dubai Customs logs 13% growth in transactions in first nine months of 2023

Customs declarations constituted 87 percent of the total customs transactions.. (WAM)
  • The upswing aligns with the targets of Dubai’s economic agenda D33, which seeks to double foreign trade.
  • By the end of the third quarter of 2023, Dubai Customs had processed approximately 18.8 million customs declarations.

DUBAI, UAE – Dubai Customs has experienced a robust 13 percent increase with 21.6 million transactions during the first nine months of this year.

This surge contrasts with the 19 million transactions recorded during the same period last year.

The upswing aligns with the targets of Dubai’s economic agenda D33, which seeks to double foreign trade and establish new routes, connecting the Emirate with 400 additional cities worldwide.

Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, said that Dubai Customs is in harmony with the visionary objectives set by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

The continuous enhancement of the Mirsal 2 system, as part of Dubai Customs’ development initiative, underscores the commitment to crafting effective policies and procedures supportive of trade.

The program aims to incorporate the latest technologies, meeting the evolving needs of companies for swift, efficient and secure global supply chain operations.

Customs declarations constituted 87 percent of the total customs transactions.

By the end of the third quarter of 2023, Dubai Customs had processed approximately 18.8 million customs declarations, compared to 16.6 million declarations during the same period last year, reflecting a growth of 13.2 percent.

These numbers underscore the extent of the digital transformation achieved by Dubai Customs and the successful integration of advanced information technology.

Dubai Customs’ digital programs are capable of handling around 70,000 customs declarations in a single day.