Economy & Trade
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June 10, 2013
Egyptian three- and nine-month treasury bill yields climbed at auction on Sunday, with investors thin on the ground due to concerns over political unrest ahead of anti-government protests planned for June 30.
The Dubai Chamber of Commerce and Industry organised a strategic business forum as well as a meeting with H.E. Elyor Ganiev, Uzbek Minister for Foreign Economic Relations, Investment and Trade.
Dubai Customs, as part of its effort to combat smuggling of drugs, could successfully foil a bid to smuggle more than 2 Kg of heroin stuffed in 125 capsules hidden by an African passenger.
Dubai SME in partnership with Great Place to Work Institute organised a seminar on best practices that companies anywhere can follow to improve their work environment.
The UAE and Qatar will see a gradual surge in foreign investment inflows of up to $3 billion if they get elevated to the emerging market status tomorrow, investment managers said.
June 9, 2013
The Dubai Chamber of Commerce and Industry delegation comprising of 25 top UAE business leaders visited Kazakhstan during the first leg of the CIS Regional Trade Mission from June 2 to 5.
Customs and Free Zone Corporation inaugurated the 2nd edition of the Dubai Government Unified Suggestion System Forum, titled “Suggestion-Based Services Improvement”.
The Department of Municipal Affairs in the Emirate of Abu Dhabi got a membership of the Asia Pacific Real Estate Association Limited.
The Central Bank of Egypt (CBE) announced a $1.6bn increase in Egypt’s net foreign currency reserves to $16.04bn at the end of May, but analysts warn this is a “temporary phenomenon”.
The Abu Dhabi Department of Economic Development (ADDED) said yesterday economic conditions in the emirate improved considerably in the first quarter this year led by an outstanding performance of local banks and the stock market that was further boosted by high global oil prices and inflow of tourists into the emirate.
Prime Minister Mohammed Salem Basindwa met on Saturday a Russian economic and investment delegation, headed by Russian deputy minister of Economic Development Alexei Likhachev who is currently visiting Yemen.
The statement comea a few weeks ahead of planned protests for 30 June and amid an already-ailing economy one year into President Mohamed Morsi’s tenure.
June 6, 2013
Sudan's investment minister Mustafa Osman Ismail has announced that the Iraqi government agreed on Tuesday to sell it oil but pay for its price at a later date.
June 5, 2013
Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.
A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's leadership and helping it evade the pinch from international sanctions on Tehran's nuclear program,
