Economy & Trade

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The issue of Saudi's SMEs has been debated over the last few years (File/AFP)
Small and medium enterprises (SMEs) are set to contribute 37 percent to Saudi Arabia's GDP but should the Kingdom look elsewhere for investment?

February 2, 2014

H.E. Hisham Al Shirawi, 2nd Vice Chairman, Dubai Chamber
13:10 GMT

A strong Dubai Chamber of Commerce and Industry-led trade mission will leave tomorrow (Tuesday) for Hamburg to participate in the 4th Dubai Hamburg Business Forum.

Oman has the main ingredients to be not only an international player, but also a hub for trade and transit
08:59 GMT

Oman’s efforts aimed at building trade infrastructure and diversifying its economy will help the country become a major player in global trade.

January 31, 2014

During Erdogan’s stay, Iran and Turkey signed a number of agreements, including a preferential trade agreement, which can dramatically increase the trade ties between the two countries.
12:26 GMT

The Leader made the remarks during a meeting with Turkish Prime Minister Recep Tayyip Erdogan in Tehran.

January 30, 2014

India and Bahrain have a trading relationship that stretches back thousands of years
09:55 GMT

Key ministerial level talks on Bahrain-India bilateral trade concluded yesterday during a visit by a Bahraini delegation to Bengaluru, the capital of the southern Indian state of Karnataka.

Despite the crackdown, some street vendors return after GAM inspectors leave, according to Ebbini, who said GAM teams do what they can to cover all parts of the capital.
03:55 GMT

There are no “licensed street vendors”, according to Ahmad Ebbini, the director of GAM’s department to regulate street vendors.

January 29, 2014

The Nitaqat system, a scheme that penalises companies based on the percentage of its expatriate employees
21:12 GMT

“Companies manipulate the system to give the impression that they have helped Saudis get employed,” Saeed Al-Asheikh, a member of council was quoted as saying in Arab News.

Gül is currently in Italy for a three-day official visit with a large delegation.
16:00 GMT

Turkish economy continues to develop while the Europe faces many economic hardships,” added the president.

Erdoğan and Jahangir later held a joint press conference and attended the signing ceremony.
13:48 GMT

Ahead of a news conference, Turkey and Iran signed a number of agreements on establishing a joint trade committee as well as a preferential trade agreement betweeen the two countries.

The trade deficit in 2013 reached $17.292 billion, compared to a deficit of $16.797 billion in 2012
08:42 GMT

Lebanon’s trade deficit widened by 2.525 percent in 2013 compared to 2012 as exports fell by more than $480 million.

Providing further studies on the economic consequences of cutting aid, Dcode mentioned that increased imports of military equipment would exert pressure on foreign currency resources in short-term.
03:55 GMT

“On a per capita basis, total US aid to Egypt decreased from $44 in 1991 to $18.5 in 2013, the lowest compared to Jordon and Israel,” according to Dcode.

January 28, 2014

During the event
13:03 GMT

DP World’s Jebel Ali Container Terminal 3 (T3), inaugurated by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE is set to be the world’s largest semi-automated facility.

January 27, 2014

The communications equipment and other items are being funneled for now only to non-armed opposition groups, said the US officials.
19:32 GMT

The US officials, who were not authorized to speak publicly on the matter and demanded anonymity, said the aid was being sent through Turkey into Syria.

Mr Yousuf Al Hashemi, Director of the IPR Department at Dubai Customs
11:56 GMT

Dubai Customs kicked off the new edition of the annual IP Award for public and private schools, universities and colleges countrywide for the school year 2013-2014.

January 26, 2014

Dr. Abdul Wahab Madani, Director of Customs Training Center
05:44 GMT

Dubai Customs launched its employee training plan for 2014, as part of the multiple efforts exerted to build human resources capabilities and enhance their productivity and performance.

January 24, 2014

“UAE intellectuals, experts and leaders will be involved in preparing papers and research material that reflect our country’s vision on many global issues," said AlGergawi.
20:58 GMT

A strategic partnership between the Government Summit in the United Arab Emirates and the World Economic Forum (WEF) was announced on Thursday following a meeting in Davos