Economy & Trade

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The Middle East’s share of gold consumption was 6 percent last year, compared with 7.8 percent in 2010
Today
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.

July 9, 2014

Iran imported $153 million worth of products from the U.S. in January-May 2013 and exported $1.6 million worth of products to the U.S. in the mentioned time span
04:55 GMT

Iran transacted non-oil goods with 177 countries in the past Iranian calendar year.

July 8, 2014

H.E Abdul Rahman Saif Al Ghurair during the seminar
09:52 GMT

A Dubai Chamber of Commerce and Industry delegation attended a seminar entitled ‘‘Implantation in Dubai: A Platform opened to the Gulf and the Middle East Market’’.

July 7, 2014

Another reason for the slowdown may be that households balance sheets are stretched after a surge in consumer borrowing over the past few years.
12:42 GMT

In the first quarter, growth in all three sectors that relied on cheap foreign labor — construction, retail and transport — slowed markedly from a year ago.

Abdullah Mohammed Al Khaja
12:10 GMT

Dubai Customs hosted a business meeting with companies chosen to execute Virtual Corridor project to introduce them to the systems and procedures that will be put in place for optimal utilization of this vibrant project.

July 6, 2014

Jafza employees with CEO Salma Hareb at the iftar
06:16 GMT

Jafza, the flagship Free Zone under Economic Zones World organised an iftar for its employees at the Dubai World Trade Centre with the aim of strengthening the team spirit and bonding in the organization.

Many citizens have objected to the price increase, which was approved by the government yesterday.
04:55 GMT

Anger is mounting against recent petroleum price increases after government reductions in subsidies for the sector came into effect on Saturday.

July 4, 2014

The spending figure of 23.21 billion dinars is 10.5 percent higher than estimates in the past fiscal year of 21 billion dinars.
15:28 GMT

he OPEC member has projected a deficit in each of the past 14 fiscal years but ended each year in the black, accumulating more than $300 billion in budget surpluses.

July 3, 2014

Regarding President Abdel Fattah Al-Sisi’s plan to provide the market with citizen’s needs for oil and sugar produced by the army, she said this plan is “illogical in economic terms and impossible to implement.
14:32 GMT

The government is unlikely to succeed in controlling anticipated price jumps in markets, goods, and services vulnerable to such abnormalities in the wake of petroleum subsidy cuts in the new budget.

Mohammed Bin Rashid Al Maktoum Business Award
09:25 GMT

Dubai Chamber of Commerce and Industry launched promotional roadshows in Oman and Bahrain recently.

July 2, 2014

DP World Chairman HE Sultan Ahmed Bin Sulayem and the Maldivian President Abdulla Yameen Abdul ‎Gayoom during their meeting in Malé
06:49 GMT

DP World Chairman HE Sultan Ahmed Bin Sulayem met with the Maldivian President His Excellency Abdulla Yameen Abdul ‎Gayoom and Minister of Economic Development His Excellency Mohamed Saeed, in Malé.

July 1, 2014

During the event
05:25 GMT

The Department of Economic Development (DED) as part of its Ramadan initiatives has launched a campaign to enable the public join the fight against counterfeiting and at the same time help the needy.

June 30, 2014

During the visit
10:40 GMT

A delegation from Ras Al Khaimah Customs paid a visit to Dubai Customs.

During the event
09:03 GMT

Dubai Chamber of Commerce and Industry’s initiative, Tejar Dubai, hosted a workshop educating upcoming national entrepreneurs about the various aspects of recruiting workforce and the correct application of UAE labour law.

June 29, 2014

 Family-owned businesses in the Middle East face a range of challenges that affect not only the success of the business itself, but also the professional and personal goals of their owners and their stakeholders at large.
16:03 GMT

Deloitte recently conducted a survey on family-owned businesses to assess two specific areas that have an impact on their companies’ operations and growth: governance and succession

During the event
11:54 GMT

Dubai Customs today launched new upgrades in its smart services.