Search Site

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

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.