Economy & Trade

Featured Story:

In their efforts to satisfy their individualistic desires, Egyptians are happy to achieve the tiniest self-realisation at the cost of the country’s welfare.
July 13, 2014 - 04:55 GMT
In principle, every citizen deserves a better life; why should people suffer if their lives can be improved?

April 23, 2014

Earlier this month, Egypt's cabinet approved a new investment law that includes a clause preventing third parties from challenging contracts made between the government and investors
03:55 GMT

Egypt’s government has faced 37 cases worth LE100 billion ($14.3 billion) brought by investors in both international and domestic arbitration centres in the three years since the 2011 uprising,

In order to incentivise more Jordanian companies to join the programme, Jordan Customs is introducing new mechanisms that include revised and less stringent requirements and more benefits.
03:55 GMT

“This revised form will enable Jordanian trading companies to strengthen their competitive edge in both domestic and international markets,” the statement said.

April 21, 2014

The country's GDP in 2013 was $202.38 billion, according to government data (File Archive)
12:00 GMT

Qatar is expected to have a GDP of $230 billion by this fiscal year's end.

HE Dr. Rashid Ahmad Bin Fahad, UAE Minister of Environment and Water; HE Engineer Hussain Nasser Lootah, Director General of Dubai Municipality; HE Jassim Mohammed Al Zaabi, Director General of General Authority for the Security of Ports, Borders and Free Zones; HE Jamal Majid Bin Thaniah Vice Chairman, DP World; HE Ahmed Mahboob Musabih Director General of Dubai Customs, Mohammed Sharaf, Group CEO, DP World, and Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE region, during the ribbon cut ceremony to mark the opening of the new facility, at Jebel Ali Port
07:15 GMT

DP World has inaugurated the largest and latest container inspection facility at its flagship Jebel Ali Port in Dubai.

GCC governments are targeting greater diversification so that the non-oil private sector starts to play a more significant role in supporting the economy, according to the Q1 review.
03:55 GMT

Economic growth in the Gulf Cooperation Council (GCC) region will remain largely influenced by oil prices and supply dynamics in the oil industry

April 20, 2014

The objective behind the hosting of the interactive CEO Roundtable Discussion on Retail and Franchising is to raise Dubai’s status as the hub of modern global and regional retail brands and franchises
14:11 GMT

Dubai Chamber of Commerce and Industry left for Azerbaijan capital Baku on Sunday to participate in a CEO Roundtable Discussion on Retail and Franchising.

Saudi Arabia surpassed the United Kingdom, Japan and France in military spending in 2013 (Shutterstock)
09:00 GMT

Saudi Arabia ranks in the top four countries for military spending globally, according to a new report released out of Stockholm this week.

DP World has a portfolio of more than 65 marine terminals across six continents, including new developments underway
07:00 GMT

DP World announced today its participation in the leading recruitment, training and education exhibition, Careers UAE 2014.

April 17, 2014

Around 34 percent of households said they continuously upgraded their mobile phones (File/AFP)
16:09 GMT

Families in Abu Dhabi households reportedly spend an average of $1,498 on landlines and mobile phones while $1,004 is spent on education.

A total of 34 out of 41 warehouse units have been already pre-leased to a wide range of key national and international industry players who are now in the process of taking over
07:30 GMT

Khalifa Industrial Zone Abu Dhabi announced today that phase one of its massive Kizad Logistics Parkhas now been completed and warehouse units are being handed over to tenants.

April 16, 2014

Economic situation improving: Confidence grows as lifestyle and family life gets better in Abu Dhabi (File/AFP)
13:23 GMT

Consumer Confidence grew by 10 percent in 2013 according to the Abu Dhabi Department of Economic Development.

The rise in green building will see an increase in demand for materials in Qatar (File/AFP)
12:55 GMT

The Qatari government has pledged an estimated $182 billion into infrastructure, focussing on eco-friendly green building over next five years.

The Iranian official also pointed to nuclear negotiations between Tehran and the major powers and said that the talks will not threaten the interests of any countr
03:55 GMT

The expansion of relations with the Islamic Republic, which enjoys high status in the region, is one of the UAE’s priorities, said Sheikh Mohammad.

April 15, 2014

High demand: Halal food imports alone are set to increase to $53.1 billion by 2020 (File/AFP)
13:00 GMT

Food, lifestyle and products manufactured under Islamic law are expected to be worth $2.48 trillion in the next four years due to increasing demand and a growing Muslim population.

Saudi's Ministry of Health said the new hospitals will increase patient beds to 68,000 (File/AFP)
10:27 GMT

A top government official has announced the Kingdom's plans to build 63 new hospitals across the country, boosting service and quality medical care.