Economy & Trade

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The UAE's small and medium businesses are key to the country's economy (File/AFP)
April 24, 2014 - 17:21 GMT
Small and medium businesses (SMEs) play a vital role in the UAE's economy. Giving them easy access to finance may help boost the UAE's economy, according to a report.

April 23, 2014

The evening was aimed at creating opportunities for attendees to donate money towards the noble cause of funding kindergartens and pre-school facilities for kids within less fortunate communities in Aqaba
17:04 GMT
(press release)

Aqaba Container Terminal recently held a charity dinner in collaboration with the Aqaba Intercontinental Hotel.

Israel's economy minister Naftali Bennet said the Jewish state will take steps towards a free trade agreement with India and China (File/AFP)
13:49 GMT

Asian countries including the world's fastest growing superpowers, India and China will overtake America's position as the biggest exporters to Israel in 2014.

The move will also create over 10,000 new jobs according to the Industry and Commerce Ministry (File/AFP)
12:08 GMT

Companies from across the globe are set to invest $1.8 billion at the Bahrain International Investment Park, with 58 new projects already in the pipeline, providing over 3,500 people with jobs.

Coming as part of Dubai Chamber’s initiative of highlighting and exploring upcoming economies of the world for its members
05:30 GMT

Dubai Chamber of Commerce and Industry issued four studies compiled by the Economist Intelligence Unit (EIU) on Mexico, Brazil, Chile and Argentina.

Earlier this month, Egypt's cabinet approved a new investment law that includes a clause preventing third parties from challenging contracts made between the government and investors
03:55 GMT

Egypt’s government has faced 37 cases worth LE100 billion ($14.3 billion) brought by investors in both international and domestic arbitration centres in the three years since the 2011 uprising,

In order to incentivise more Jordanian companies to join the programme, Jordan Customs is introducing new mechanisms that include revised and less stringent requirements and more benefits.
03:55 GMT

“This revised form will enable Jordanian trading companies to strengthen their competitive edge in both domestic and international markets,” the statement said.

April 21, 2014

The country's GDP in 2013 was $202.38 billion, according to government data (File Archive)
12:00 GMT

Qatar is expected to have a GDP of $230 billion by this fiscal year's end.

HE Dr. Rashid Ahmad Bin Fahad, UAE Minister of Environment and Water; HE Engineer Hussain Nasser Lootah, Director General of Dubai Municipality; HE Jassim Mohammed Al Zaabi, Director General of General Authority for the Security of Ports, Borders and Free Zones; HE Jamal Majid Bin Thaniah Vice Chairman, DP World; HE Ahmed Mahboob Musabih Director General of Dubai Customs, Mohammed Sharaf, Group CEO, DP World, and Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE region, during the ribbon cut ceremony to mark the opening of the new facility, at Jebel Ali Port
07:15 GMT

DP World has inaugurated the largest and latest container inspection facility at its flagship Jebel Ali Port in Dubai.

GCC governments are targeting greater diversification so that the non-oil private sector starts to play a more significant role in supporting the economy, according to the Q1 review.
03:55 GMT

Economic growth in the Gulf Cooperation Council (GCC) region will remain largely influenced by oil prices and supply dynamics in the oil industry

April 20, 2014

The objective behind the hosting of the interactive CEO Roundtable Discussion on Retail and Franchising is to raise Dubai’s status as the hub of modern global and regional retail brands and franchises
14:11 GMT

Dubai Chamber of Commerce and Industry left for Azerbaijan capital Baku on Sunday to participate in a CEO Roundtable Discussion on Retail and Franchising.

Saudi Arabia surpassed the United Kingdom, Japan and France in military spending in 2013 (Shutterstock)
09:00 GMT

Saudi Arabia ranks in the top four countries for military spending globally, according to a new report released out of Stockholm this week.

DP World has a portfolio of more than 65 marine terminals across six continents, including new developments underway
07:00 GMT

DP World announced today its participation in the leading recruitment, training and education exhibition, Careers UAE 2014.

April 17, 2014

Around 34 percent of households said they continuously upgraded their mobile phones (File/AFP)
16:09 GMT

Families in Abu Dhabi households reportedly spend an average of $1,498 on landlines and mobile phones while $1,004 is spent on education.

A total of 34 out of 41 warehouse units have been already pre-leased to a wide range of key national and international industry players who are now in the process of taking over
07:30 GMT

Khalifa Industrial Zone Abu Dhabi announced today that phase one of its massive Kizad Logistics Parkhas now been completed and warehouse units are being handed over to tenants.

April 16, 2014

Economic situation improving: Confidence grows as lifestyle and family life gets better in Abu Dhabi (File/AFP)
13:23 GMT

Consumer Confidence grew by 10 percent in 2013 according to the Abu Dhabi Department of Economic Development.