Abu Dhabi’s non-oil trade down 6.3% to 159.9 billion dirhams in 2017

Abu Dhabi’s non-oil trade data is gathered from the value of all merchandise that pass through the air, sea and land ports within its border. (Courtesy Abu Dhabi Ports)
Updated 19 February 2018
0

Abu Dhabi’s non-oil trade down 6.3% to 159.9 billion dirhams in 2017

DUBAI: Abu Dhabi’s non-oil foreign merchandise trade fell 6.3 percent to 159.9 billion dirhams ($46.45 billion) last year from 170.6 billion dirhams a year earlier due to lower transactions for capital goods and transport equipment, data from the Statistics Centre-Abu Dhabi (SCAD) showed.
Total non-imports for the year slipped 1.9 percent to 115.514 billion dirhams from 117.807 billion dirhams, while non-oil exports dropped by 19.4 percent to 22.589 billion dirhams from 28.027. billion dirhams. Re-exports were also down for the year to 21.763 billion dirhams from 24.759 billion dirhams in 2016.
Meanwhile, in December 2017 alone, seasonal factors pushed aggregate non-oil trade to 13.214 billion dirhams, 3.4 percent higher compared with the same month of the previous year.
Imports rose 16.9 percent to 9.261 billion dirhams from 7.923 billion dirhams; non-oil shipments were down 1.769 billion dirhams from 1.788 billion dirhams while re-exports dropped 26 percent to 2.274 billion dirhams from 3.072 billion dirhams.
Inward shipments of industrial supplies, which comprised over a third of total imports in 2017, rose 5.5 percent to 43.788 billion dirhams from 41.486 billion dirhams a year earlier. Exports of the similar merchandise meanwhile were down 17.7 percent to 20.430 billion dirhams in 2017 from 24.837 billion dirhams previously. Re-exports plunged by almost 60 percent to 3.04 billion dirhams in 2017 from 7.246 billion dirhams in 2016.
Abu Dhabi’s major non-oil export partners last year were China with 7.572 billion dirhams in transactions; Saudi Arabia at 5.337 billion dirhams and the US with 2.824 billion dirhams. On the import side, the US shipped 16.934 billion dirhams worth of non-oil goods and merchandise to the emirate last year, 21.9 percent lower from 21.689 billion dirhams in 2016; followed by Saudi Arabia at 11.926 billion dirhams, up 6.6 percent from 11.192 billion dirhams and Japan at 10.208 billion dirhams, up 12.4 percent a year earlier.
Abu Dhabi’s non-oil trade data is gathered from the value of all merchandise that passes through the air, sea and land ports within its border, but excludes inter-emirate transactions.


Apple China says it will push software update in bid to resolve Qualcomm case

Updated 14 December 2018
0

Apple China says it will push software update in bid to resolve Qualcomm case

  • Apple will carry out the software updates at the start of next week to address the concern
  • A court found Apple infringed two patents held by the chipmaker and banned sales of older iPhone models

SHANGHAI/SAN FRANCISCO: Apple Inc. , facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc. patents, said on Friday it will push software updates to users in a bid to resolve potential issues.
Apple will carry out the software updates at the start of next week “to address any possible concern about our compliance with the order,” the firm said in a statement sent to Reuters.
Earlier this week, Qualcomm said a Chinese court had ordered a ban on sales of some older Apple iPhone models for violating two of its patents, though intellectual property lawyers said the ban would still likely take time to enforce.
“Based on the iPhone models we offer today in China, we believe we are in compliance,” Apple said.
“Early next week we will deliver a software update for iPhone users in China addressing the minor functionality of the two patents at issue in the case.”
The case, brought by Qualcomm, is part of a global patent dispute between the two US companies that includes dozens of lawsuits. It creates uncertainty over Apple’s business in one of its biggest markets at a time when concerns over waning demand for new iPhones are battering its shares.
Qualcomm has said that the Fuzhou Intermediate People’s Court in China found Apple infringed two patents held by the chipmaker and ordered an immediate ban on sales of older iPhone models, from the 6S through the X.
Apple has said that all of its phone models remained on sale in mainland China and that it had filed a request for reconsideration with the court. All the models appeared to be available to buy on Apple’s China website on Friday.
Qualcomm, the biggest supplier of chips for mobile phones, filed its case in China in late 2017, arguing that Apple infringed patents on features related to resizing photographs and managing apps on a touch screen.