Dubai expects to see a 15 per cent growth in exports and re-exports this year and reach 2008 levels as consumer confidence and business sentiment stabilise, said Hamad Buamim, Director-General of the Dubai Chamber of Commerce and Industry (DCCI).

Speaking to Emirates Business, he said the emirate has witnessed an average of 15 per cent month-on-month increase in the first four months of 2010, a trend that is slated to continue throughout this year.

“We have seen a total of Dh175 billion [in] exports and re-exports last year, which is a 15 per cent drop from 2008 levels. We expect to end up 15 per cent higher than last year and reach 2008 levels this year,” Buamim said. [Read More]