Specialised teams are currently managing the situation by cleaning up and removing the dead fish
Sheikh Hamdan said the value of Dubai's external trade rose 70 per cent from Dh754 billion in 2009 to Dh1.276 trillion in 2016.
He said: "We have achieved this growth despite the credit crunch in 2008 that hit the world's economies. The achievement underscores the emirate's strong standing in the global trading landscape."
Imports took the lion's share at Dh803 billion, while re-exports and exports accounted for Dh330 billion and Dh143 billion respectively.
While China maintained its position as Dubai's leading trading partner with Dh166 billion in two-way trade (13 per cent of total trade), India came second at Dh94 billion (7.4 per cent of total trade), followed by the US at Dh86 billion (6.7 per cent of total trade).
Saudi Arabia maintained its position as the top Arab and GCC trading partner and fourth globally with Dh52 billion (4.1 per cent) of total trade. Germany stood fifth at Dh50 billion (3.9 per cent of total trade).
Sheikh Hamdan said Dubai was able to diversify its foreign trade despite fluctuations in international trade in 2016, a slump in global markets and a decline in basic commodity prices.
"Thanks to the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, we are moving swiftly towards a 'post-oil UAE'. We are further diversifying our economy and attracting more investment," the Dubai Crown Prince added.
Dubai saw an 8.2 per cent surge in the total bulk weight of traded goods in 2016, rising to 92 million tonnes of commodities from 85 million in 2015.
Direct trade amounted for Dh830 billion (65 per cent of Dubai's total trade), followed by free zone trade at Dh411.44 billion (32 per cent) and customs warehouse trade at Dh34.76 billion (three per cent).
In terms of shipment and freight transport, air cargo accounted for Dh592 billion representing 46 per cent of Dubai's total trade while sea freight contributed Dh452 billion (35 per cent), and inland trade Dh232 billion (18 per cent).
The growth in trading of mobile phones and communication devices was a key feature of Dubai's foreign trade. Phones and communication devices represented the most traded commodity with a total value of Dh167 billion representing approximately 13.1 per cent of Dubai's total trade. Gold came second at Dh156 billion (12 per cent), followed by diamonds at Dh97 billion (7.6 per cent), and jewellery in fourth place at Dh63 billion (4.9 per cent). Automobiles came fifth accounting for Dh60 billion (4.7 per cent). - Wam
Specialised teams are currently managing the situation by cleaning up and removing the dead fish
The charges against them include planning terrorist acts, fundraising for the Organisation, and concealing the source and destination of those funds
Eyewitnesses are reporting that the fire seems to be located in the industrial area
In the video shared by the Abu Dhabi Police, speeding cars are seen crashing into vehicles as traffic builds up unexpectedly
With an impressive portfolio of projects, Al Bateen offers a vast range of high-quality fasteners across industries
Israel's military campaign against Hamas has reduced much of the territory of 2.3 million people to a wasteland with most civilians homeless
The event caters to diverse interests, including medicine and emerging career paths
Organised by Ameeraga Tamil Sangam, the event had participants from across the UAE