Dubai, Russia external trade booming

123 RF / Fabio Formaggio

Dubai's external trade with Russia has witnessed a rapid growth in the past few years.

That's according to Dubai Customs, which says there has been a 67 per cent growth from 2016 to 2018.

They say that major commodities traded between the two sides were diamonds, gold, phones, cigars and vehicle spare parts.

Meanwhile, trade with Russia in the first six months of 2019 reached AED 4.5 billion.

More from Business

  • Ethiopia to open stock exchange in drive for investors

    Ethiopia was set to launch a stock exchange on Friday, the latest step in Prime Minister Abiy Ahmed's attempts to liberalise the struggling economy.

  • Supreme Court to hear fight over looming US ban on TikTok

    Facing a looming ban in the United States, TikTok's fate will be in the hands of the Supreme Court in a case being argued on Friday that pits free speech rights against national security concerns over the widely used short-video app owned by Chinese company ByteDance.

  • Nvidia criticizes reported Biden plan for AI chip export curbs

    Nvidia criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing US leader should not "preempt incoming President Trump" by enacting a last-minute policy.

  • UAE advances tech cooperation with US partners at CES 2025

    During his participation at CES 2025 in Las Vegas, a premier global technology event held in Las Vegas, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has met with senior US officials and business leaders, as the UAE and the US continue to explore ways to strengthen their strategic cooperation in advanced technology and innovation.

Coming Up