Economy & Trade

Featured Story:

Salman’s announcement on Thursday suggested the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
February 1, 2015 - 06:45 GMT
A lavish payout to public employees ordered by Saudi Arabia’s new King Salman will help to sustain the kingdom’s consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.

January 25, 2015

Dubai Customs
09:31 GMT

Marking the International Customs Day, Dubai Customs is hosting today (Jan. 26, 2015) a number of activities at the Customs main office.

Ibrahim Aljanahi, Deputy CEO of Jafza
06:34 GMT

The pharmaceutical and healthcare sector in Jebel Ali Free Zone (Jafza), the flagship free zone of Dubai and the UAE, has seen robust growth consistently in the last several years.

January 22, 2015

Although this figure is relatively higher that the global average of 37 per cent of CEOs, it has declined from the massive 69 per cent in the previous survey.
17:32 GMT

Almost 44 per cent of CEOs in the Middle East said that they are ‘very confident’ that their company’s revenues will grow in the next 12 months,

Entrepreneurs from the 10 start ups at the Turn 8 event at the Grosvenor House Hotel, Dubai
11:38 GMT

DP World’s TURN8 Seed Accelerator initiative, a unique collaboration between enterprise and innovators that encourages entrepreneurship and innovation, brought 10 winning startups and relevant industry investors under one roof at the Grosvenor House Hotel in Dubai this week.

The losses are likely to reach 21 percentage points of gross domestic product (GDP) in the countries of the Gulf Cooperation Council,
04:55 GMT

Losses from lower oil exports should sap up to $300 billion from economies of the Gulf Cooperation Council, the International Monetary Fund said on Wednesday.

January 21, 2015

The deal was awarded by the Hanwha Engineering and Construction
21:24 GMT

Alderley, a leading engineering company operating in the oil, gas, petrochemical and water industry, has won a contract to supply nine oil metering systems and small volume provers for a project in Saudi Arabia

Bahrain EXPO 2015
13:53 GMT

Organisers said the show has grown by four percent this year and was filled to capacity.

Emirates Airline was the UAE’s most positively perceived home-grown brand in 2014.
12:58 GMT

Emirates was the UAE’s most positively perceived home-grown brand in 2014, according to a YouGov ranking.

The report also mentioned the vast refugee influx into Turkey from Syria as millions of people have fled the country's bloody civil war.
11:15 GMT

In a period of worsening employment figures and slower growth, as well as widening global income inequality.

Fourth-quarter growth held steady at 7.3 percent from a year earlier, slightly better than expectations.
04:55 GMT

“The country’s period of miraculous break-neck growth is over, but let’s get over it.”

January 20, 2015

Ahmed Mahboob Musabih and Ahmad Bin Bayat during the signing ceremony of a MoU between DC and DTMFZA
10:35 GMT

Dubai Customs has signed a Memorandum of Understanding (MoU) with Dubai Technology and Media Free Zone Authority (DTMFZA), on behalf of Dubai Design District (d3).

Qatar’s support for former Egyptian Islamist President Mohamed Mursi and the Muslim Brotherhood created tensions with Abdel Fattah al-Sisi.
04:55 GMT

Qatar’s emir will attend an economic summit due to take place in Egypt in mid-March, sources from both countries said on Monday, in a sign of easing political tension between the Arab states

January 19, 2015

Oman DryDock
20:04 GMT

Oman Drydock Company has handed over its 300th vessel since starting operations in 2011.

NADEC registered SR 20 million in fourth-quarter net profit.
13:44 GMT

The National Agricultural Development Company (NADEC) achieved net profits amounting to SR 107 million net profits in 2014.

Egypt's pound hits weakest official level since December 2012
10:31 GMT

The central bank let the Egyptian pound depreciate on the official market for the first time since July, allowing it to reach 7.19 pounds per dollar, its weakest level since auctions began in December 2012.