Economy & Trade

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Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.

January 22, 2015

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.

Dubai Chamber of Commerce and Industry
10:23 GMT

A Dubai Chamber of Commerce and Industry trade delegation, led by its President and CEO, H.E. Hamad Buamim, left this morning (Tuesday) for a three-day visit from January 20 to 22 to the Ghanaian capital Accra.

During the event
08:49 GMT
(press release)

The Department of Economic Development in Dubai honored 15 employees, who graduated in the first batch of the Rawasy program, which aims to develop leaders from the staff at various departments and directorates.

The high interest in buying investment certificates for the Suez Canal project was part of the reason why Egypt witnessed stabilisation in 2014, the report said.
04:55 GMT

Egypt gained notable improvements in confidence, exports and manufacturing, according to the World Bank’s report in January , which highlighted 1.2% growth for 2014.

January 18, 2015

The theme of the year-long celebrations will be: ‘Empowering Vision’
11:22 GMT
(press release)

Dubai Chamber of Commerce and Industry will celebrate its 50th anniversary in 2015, focusing on Dubai’s overall developments achieved.