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India emerges as Dubai’s second biggest trade partner

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3 years ago

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India emerges as Dubai’s second biggest trade partner

Trade with India increased by 74.5% year-on-year to AED 67.1 billion According to official data released on Sunday, India has become Dubai’s second largest trading partner after China, with a total trade volume of 38.5 billion dirhams in the first half of 2021. According to a statement from the Dubai government, the emirate’s trade with China in the first half of 2021 (first half) was AED 86.7 billion, followed by India and the United States, ranking third. Trade with India increased by 74.5% year-on-year, from AED 38.5 billion in the first half of 2020 to AED 67.1 billion. India and UAE officially launch CEPA negotiations The total trade volume between China and Dubai reached AED 66.3 billion in the first half of 2020, a year-on-year increase of 30.7%. In the first half of 2021, the transaction volume between the United States and Dubai was 32 billion dirhams, an increase of 1% from the 31.7 billion dirhams in the same period of the previous year.

Saudi Arabia ranked fourth with 30.5 billion dirhams, an increase of 26% over the first half of 2020, followed by Switzerland with 24.8 billion dirhams. In the first half of 2021, the total share of the five largest trading partners was 241.21 billion dirhams, compared with 185.06 billion dirhams in the first half of 2020, an increase of 30.34%. Gold top Gold ranked first among Dubai’s foreign trade commodities in the first half of the year with 138.8 billion dirhams (19.2% of Dubai’s trade), followed by telecommunications with 94 billion dirhams (13%). Expo 2020 Dubai: India plans to fight back against Covid-19 and become a global business center Diamonds ranked third with 57.3 billion dirhams (8%), followed by jewelry with 34.1 billion dirhams (4.7%) and auto trade 28 billion dirhams (4%).

Dubai’s non-oil foreign trade surged 31% in the first half of 2021, from AED 550.6 billion in the same period in 2020 to AED 722.3 billion. In the first half of 2021, exports increased by 45% year-on-year, from 75.8 billion dirhams to 109.8 billion dirhams.

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This supports the 10 x 10 plan (one of the country’s “Top 50 Projects” plans) to increase exports from the UAE The global market grows by 10% annually to 10%. Imports increased by 29.3% year-on-year, from AED 320 billion to AED 414 billion. Re-exports increased by 28.3% year-on-year, from AED 154.79 billion to AED 198.6 billion. The expansion of the sea. Air network Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Committee, stated that Dubai has consolidated its position as one of the fastest growing business centers in the world. “Dubai’s existing air and sea network will be expanded to cover 200 new cities around the world. We are confident that we will continue to consolidate our growth momentum to achieve our ambitious sustainable development projects and plans,” he said.

News Source : Backtrack

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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13 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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