Some tickets were relisted on resale sites for as much as Dh38,581
Tea Board of India Chairman, N K Das, said: "The Indian tea industry has for some time been actively considering ways of enhancing its access to the growing Middle East market, and have been particularly interested in the role that Dubai might play. We applaud the DMCC for their initiative in creating the DTTC, and look forward to working with them."
DMCC plans to work in close contact with leading tea producers such as India, Sri Lanka and Kenya and is confident of their support. Last year India produced a total of 857 million kilogrammes of tea while Sri Lanka produced 303 million kilogrammes of tea. Jayanatha Fernando, Chairman of the Ferntea Group, a Sri Lankan tea exporter with extensive experience in the Middle East, said, the DTTC has the potential to facilitate the process of linking together exporters and regional importers. It is certainly of interest to us.
In 2003 Dubai imported 74 million kilograms of tea with an approximate market value of Dh900 million, while a further 71 million kilograms was transshipped through the Jebel Ali Port.
In addition to creating bulk stocks in Dubai for trading purposes, the initiative also has plans to start tea blending. While the stocks will be held in purpose built stores, the warehousing part will be managed by a specialised company competent to certify the quality of the stock.
Through the creation of DMCC's industry specific initiatives, such as the soon to be launched Dubai Commodity Receipt (DCR), the value and volume of tea traded in and through Dubai is expected to increase significantly.
Some tickets were relisted on resale sites for as much as Dh38,581
Here's a list of the places you can go; entry is free to most of them
Some of the survivors were still recovering at hospitals while others were already in their homes
The vaccines will be flown to Democratic Republic of the Congo, Nigeria, South Africa, Ivory Coast and Cameroon
‘My current position is, to be honest, beyond all my pre-tournament expectations,’ said the tournament host
The confirmed case involved a 51-year-old man, who is currently in stable condition and undergoing treatment
Regarding the possibility of elections in the violence-hit country, the foreign affaires adviser said there would be more clarity on the timeline by September
The Zurich-based body said it has now moved the assessment to October