The budget of the United Arab Emirates allocates 2.4 billion dirhams for financial investments

The UAE announced the allocation of 2.4 billion dirhams for financial investments in the federal budget, after approving a federal budget with the scale of the expenditure It amounts to 290 billion dirhams (78.96 billion dollars) until 2026 An amount of 19.4 billion dirhams, or 32.9% of the budget total, was assigned to the social development sector.

The UAE’s non-oil foreign trade recorded 27% growth during the first half of quest’year (2021) compared to the first half of last year (2020) and an increase of 6% compared to the same period in 2019, ie in the period preceding the spread of the “Covid” pandemic 19 ” in around the world, which demonstrates the rapid recovery of the country’s non-oil foreign trade and its return to its positive path, according to the Emirates news agency.

According to preliminary official data, the state’s non-oil foreign trade recorded an estimated 900 billion dirhams in the first half of 2021. The country’s non-oil exports increased over the same period to 170 billion dirhams, reaching a growth of 44 % compared to the first half of 2020, with an increase This is 41% compared to the same period in 2019.

The contribution of non-oil exports to the country’s total non-oil foreign trade in the same period (first half 2021) increased to around 19%, compared to 16.6% in the first half of 2020 and 14.2% in the first half of 2019.

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stressed that the non-oil foreign trade data recorded during the first half of 2021 reflects an important performance positive for this sector, as good growth rates have been achieved in the total value of trade over the past two years despite the effects. The negative impact of the “Covid-19” pandemic on the global trade movement, as well as significant leaps in growth in non-oil exports, and this is a clear indication of the rapid recovery and restoration of the positive path and growing growth of the country’s foreign trade movement in general and the promotion of national non-oil exports in particular.

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