China re­mains UAE’s top trade part­ner

China Daily (Hong Kong) - - BUSINESS -

China has re­mained the top trade part­ner of the United Arab Emi­rates for three con­sec­u­tive years from 2014 to 2016, the Emi­rates News Agency re­ported on Wed­nes­day. The to­tal China-UAE trade amounted to 520.6 bil­lion Emi­rates dirhams ($141.74 bil­lion) dur­ing the 2014-16 pe­riod, the re­port said, quot­ing sta­tis­tics from the UAE Min­istry of Econ­omy. The China-UAE trade to­taled 170.2 bil­lion AED in 2016, down slightly from 174.6 bil­lion AED in 2015 and 175.8 bil­lion AED in 2014. In­dia came sec­ond with a to­tal trade vol­ume of 386.4 bil­lion AED from 2014 to 2016. The In­dia-UAE trade reached a record of 131.8 bil­lion AED in 2016. The United States ranked third in the list of UAE’s trade part­ners, with a to­tal trade vol­ume of 312.6 bil­lion AED dur­ing the 2014-2016 pe­riod. The US-UAE trade reached a record of 111.1 bil­lion AED in 2016. the United States, ac­cord­ing to a news re­lease. The de­liv­ery comes one year af­ter the City of Al­bu­querque an­nounced it had cho­sen BYD as its man­u­fac­turer. It was agreed that a to­tal of 20 buses will be handed over to the city by the end of 2017. The all-elec­tric ar­tic­u­lated tran­sit bus will op­er­ate as part of Al­bu­querque Rapid Tran­sit. The se­lec­tion of elec­tric buses makes the ART project more sus­tain­able for Al­bu­querque’s fu­ture, said Mayor Richard Berry. “Care­ful de­lib­er­a­tion has gone into the se­lec­tion process, and it was found that these buses are the best fit with the most dy­namic benefits for the City of Al­bu­querque,” the mayor said. on-year, ac­cord­ing to its unau­dited fi­nan­cial re­sults re­leased on Wed­nes­day. Net in­come at­trib­ut­able to Weibo reached $73.5 mil­lion, an in­crease of 184 per­cent year-on-year. Ad­ver­tis­ing and mar­ket­ing ser­vices re­mained the ma­jor source of in­come, bring­ing in $218.3 mil­lion in Q2, a 72-per­cent surge over Q2 of 2016. Weibo boasted of 361 mil­lion monthly ac­tive users as of the end of June, up 28 per­cent year-on-year, with 92 per­cent of them com­ing from mo­bile de­vices. ment of Ofo, said the com­pany hopes to pro­vide lo­cal res­i­dents with a good bike-rid­ing ex­pe­ri­ence. “We hope Ofo can bet­ter serve lo­cal res­i­dents and help Ja­pan’s cities im­prove trans­porta­tion and the en­vi­ron­ment,” said Tet­suo Ku­ramitsu, di­rec­tor of SoftBank C&S. Cur­rently, Ofo op­er­ates around 8 mil­lion shared bikes around the world. Sta­tis­tics show that it has of­fered over 3 bil­lion rides for cus­tomers in more than 170 cities. de­ci­sion. The work will be moved to China, where it will be done by GE’s part­ner sup­plier, a US man­u­fac­tur­ing ser­vices com­pany called Ja­bil, GE said.

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