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Good news Saudi exports rise 80% in 2021. Expecting much more in 2022.

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saudi port pictures while exporting

Saudi exports rise 80% in 2021, and Non-oil exports also grew by 18% year-on-year in July. A good sign of recovery.

The rise in export Saudi:

2021 ending up in high notes for Saudi Arabia. Figures are inspiring. Yes, Saudi exports rise 80% in 2021. It is touching SR91.8 billion ($24.5bn) number this year.  

saudi arabia port pictures

saudi arabia port pictures

Export number of 2021 first six months:

The kingdom’s International Trade news credited the surge to the 112.1 per cent increase in oil exports during this year in the first six months.

Other good exports:

Non-oil exports grew by 17.9 per cent year-on-year in July 2021. Rising to SR20.8bn from SR17.6bn in the same period last year. Oil exports advanced to manage total exports, with their share rising from 65.5 per cent in July 2020 to 77.4 per cent this July.

China:

China’s role is big in these numbers. Nevertheless, it is the most prominent export destination for the first half of 2021, followed by Japan, India, South Korea, UAE, and the US. The number of imports into the kingdom registered an improvement, amounting to SR45.5bn in July compared to SR40.2bn in 2020.

The rise of 45% in imports, China biggest importer:

The ratio of non-oil exports to imports rose to 45.5 per cent in July from 43.7 per cent in July 2020. China is the biggest importer into Saudi Arabia, supported by the US, UAE, India, Germany, and Japan.

The numbers come a month after Saudi Arabia began an international tendering service that aims to open new possibilities for companies to grow overseas.

Saudi Export Development Authority (Saudi Exports):

It launched a new service to improve the competitiveness of Saudi troops in several sectors. The movement also aims to help Saudi Vision 2030 and its goals, including raising the share of non-oil exports from 16 per cent to 50 per cent.

The launch comes as part of a better trading push by Saudi Arabia after the kingdom recorded a double-digit gain in the first quarter of 2021.

Also read about second century treasures found in Sharjah.

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Dubai eases restrictions on students returning from Abu Dhabi schools

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On Monday, pupils at Abu Dhabi schools will be able to return to class as Dubai lifts its

The move follows a period of online instruction at Abu Dhabi school since the start of January. As a precautionary measure amid a surge in Covid-19 infections. With the move, all Abu Dhabi schools have reverted students to online learning at the start of January. Due to an outbreak of Covid-19 have now resumed in-person teaching.

“Thanks to the support and cooperation of parents, educators, and students, PE lessons, gatherings, trips, and extracurricular activities can resume on Monday.” Dubai’s Knowledge and Human Development Authority announced on Friday.  “Because of the support and cooperation of parents, educators, and the students themselves, PE lessons, gatherings, and trips will resume on January 31,” the authority said.

ALSO READ: Emirates unveils world’s most expensive and fastest ambulance

Private schools, preschools, and universities can reopen their cafeterias and eating areas starting on January 24.  Earlier this month, authorities announced a phased return of schools it will take place on January 24 and 31.

The headteacher of Brighton College Abu Dhabi. Helen Wilkinson said the move had been in the making for a long time.

Abu Dhabi welcoming back its prep and senior students

It will be staggered and controlled on Monday morning and evening, she said. “We are excited to see as much of the Brighton community again on Monday.”

“Distance learning has developed in leaps and bounds since the beginning of the pandemic. Moreover. But it cannot replace the buzz felt when we are all in the same room together.

However, As the school prepares for the full return of all year groups on Monday. Ms. Wilkinson said they will be making sure all PCR test results are within the 96-hour period and taking temperature readings on arrival.

Michael Wilson Principal of Cranleigh Abu Dhabi said welcoming back its prep and senior students is a major highlight.

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Sheikh Mohammed is highlighting German Pavilion in Expo 2020 Dubai.

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Sheikh Mohammed bin Rashid

Germany played a vital role in EXPO 2020. That’s why Sheikh Mohammed highlighted this by visiting German Pavilion in EXPO 2020 Dubai. 

the Expo 2020 Dubai

the Expo 2020 Dubai

This world fair in Dubai was not accessible. The role of Germany has been influential, and that’s why Sheikh himself highlights that by visiting their pavilion. Sheikh Mohammed Highlighting German Pavilion in EXPO 2020 Dubai shows how much he cares for people who have helped make EXPO 2020 successful. Germans are lucky to get such appreciation from the man himself. 

It’s all giving and take. The people who stand by you in starting should be given credit when you are at the top. Sheikh did the same by visiting German Pavilion at EXPO 2020.

His Highness Sheikh Mohammed bin Rashid Al Maktoum:

Today, the vice-president and Prime Minister of the UAE and Ruler of Dubai stayed at the German pavilion at Expo 2020 Dubai.

During the visit, Sheikh Mohammed highlighted the significance of Germany’s role at Expo 2020 Dubai. Given its vast knowledge and experience in innovation and in feeding solutions that serve society.

Sheikh Mohammed also highlighted the mega event’s chances to share ideas and innovations that build a better future for humanity. HE NOTED THAT the UAE is keen to fund innovative ideas to enhance people’s satisfaction and quality of life.

During the tour, Sheikh Mohammed show various parts of the German pavilion located at the Sustainability District. Under the theme ‘Campus Germany’, the pavilion features sustainability-themed standards of invention and ingenuity.

Sheikh Mohammed saw the pavilion’s individual exhibition spaces to create visitors’ immersive experience. The pavilion has an ‘Energy Lab’, ‘Future City Lab’ and a ‘Biodiversity Lab.’ It showcase different German innovations that encourage sustainability.

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The demand for Gold peaked in the last three years in the UAE.

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Gold rates dubai 2022

Gold is showing incredible strength even in 2022. Once again, the demand for Gold peaked. It is currently at the highest level. Data shows the market of Gold is most elevated in the last three years. Many forces are supporting gold demand this year too. 

Gold prices in the UAE rise

Gold prices in the UAE rise

Rise of Gold at the top in 2022:

This yellow metal continues to outperform. This year it is standing at three years’ highest level demand. The demand for Gold in UAE is at its peak. According to the World Gold Council, the market for Gold reached 1,147 trillion in Q4 2021. Its highest quarterly level since Q2 2019, and an upsurge of almost 50 percent year-on-year.

Annual demand, excluding OTC markets, has healed many of the Covid-19 caused losses from 2020 to reach 4,021 trillion for the entire year in 2021.

The gold bar and coin market rose 31 percent to an eight-year high of 1,180 trillion. Retail investors desired a haven against the background of growing inflation and constant economic pause caused by the coronavirus pandemic.

World Gold Council’s Data 2021-22:

The World Gold Council’s data series registered outflows of 173 trillion in 2021 from gold-backed ETFs. Some investors decreased barriers early in the year amid vaccine rollouts, while growing interest rates made maintaining Gold more expensive.

The 2,200 trillion that gold ETFs have gathered over the preceding five years indicates investors’ continuing priority on including Gold in their portfolio. 

Q4 demand surpassed its highest level since Q2 2013. A quarter where the cost of Gold was 25 percent lower than the average relative price in 2021. This underlining the power and demand of Gold in the most recent quarter.

According to the World Gold Council, growing inflation and the post-pandemic economic tension have sent demand for Gold to a two-year high.

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