Economy & Trade

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With its 20th anniversary, shoppers are being offered great deals, discounts and ‘A Million Reasons to Shop’ during the 32-day fete.
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With its 20th anniversary, shoppers are being offered great deals, discounts and ‘A Million Reasons to Shop’ during the 32-day fete.

September 17, 2014

Growth, spurred largely by international donor funds, has been decelerating since 2012 and slowed to less than 2 percent in 2013.
16:11 GMT

Its report, issued three weeks after a truce, said a strong world response to rebuilding needs could ultimately spur economic growth.

Hisham Al Shirawi, 2nd Vice-Chairman, Dubai Chamber
11:46 GMT

Dubai Chamber of Commerce and Industry organised a three-day Azerbaijan Bankers Trade Mission to Dubai from September 16 to 18.

September 16, 2014

Dubai Customs Director instructs staff to grant passengers friendly welcome
08:42 GMT

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs, expressed DC’s commitment to providing all the operational requirements to cope with for the current development and expansion taking place at Al Maktoum International Airport.

September 15, 2014

“Ismaik has finalised the sale of a stake in Arabtec to Aabar,” the source told Reuters, declining to elaborate on the size of the stake or the price.
17:10 GMT

Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.

Commenting on the legitimacy of Parliament’s endorsement, he said MPs are not public sector employees; therefore they are not eligible for pensions.
15:40 GMT

The cost of the lawmakers’ decision, which has enraged the public, is expected to reach around JD6 million a year, a figure that will increase every new parliamentary term, if the law is enacted.

Egypt's trade balance deficit dropped to LE9.09 billion ($1.27 billion) in June 2014, the state-run statistical body CAPMAS reported Monday.
05:55 GMT

The figure represents a 63.5 percent decrease compared to the same month in 2013, when the deficit stood at LE24.88 billion ($3.48 billion).

Al Khalifa said through QBIC’s flagship Lean Startup program, it has supported and launched more than 21 projects that truly showcase entrepreneurs’ potential and progress in Qatar.
04:55 GMT

Qatar Development Bank and Social Development Center have officially announced the launch of the region's largest business incubator.

September 14, 2014


Analysts polled by Reuters in April forecast average inflation in the UAE would accelerate to 1.9 per cent in 2014 and 2.5 per cent in 2015 from 1.1 per cent in 2013, which was the highest level since 2009
14:34 GMT

The housing and utility costs, which account for almost 44 per cent of consumer expenses, jumped 6.2 per cent year-on-year and 0.4 per cent month-on-month in August.

DP World
08:07 GMT

DP World Chairman, and Chairman of Ports, HE Sultan Ahmed Bin Sulayem has met with the President of the Maldives and Minister of Tourism to discuss potential areas of cooperation across various industry sectors.

September 11, 2014

Abdel Nour said the government has begun taking concrete steps to address the current energy crisis in Egypt.
22:49 GMT

This came during an expanded meeting held by Abdel Nour with a delegation from the US State Department.

During the event
12:38 GMT

Dubai Customs held a meeting with Hemaya International Training Centre of Dubai Police - the first dedicated training agency specialized in capacity building of antinarcotic personnel in the Arab world.

September 10, 2014

Jebel Ali Port at Dubai
11:41 GMT

Jebel Ali is the only port outside the Far East to make it into the latest Top 10 list of the world’s largest ports, an achievement DP World Chairman HE Sultan Ahmed bin Sulayem credits to Dubai’s visionary leadership in creating the infrastructure and the business environment to drive continuous growth.

September 8, 2014

Dubai Customs
11:58 GMT

Heads of suggestion & complaint units at government departments in Dubai will come together at the Dubai Government Unified Suggestions System Forum 2014 to explore the prospects of developing the system.

H.E. Hisham Al Shirawi, 2nd Vice Chairman, Dubai Chamber
07:13 GMT

A Dubai Chamber of Commerce and Industry-led trade mission has left today (Sunday) for Hamburg to participate in the 26th edition of the Shipbuilding, Machinery and Marine Technology (SMM 2014 Expo).

Hamdallah, who heads the Palestinian government of national consensus which took office on 2 June, said the problem of the wages had turned into the main stumbling block to an intra-Palestinian reconciliation deal.
04:55 GMT

The international community has threatened to boycott the Palestinian leadership if it pays the salaries of former Hamas employees in Gaza, prime minister Rami Hamdallah told AFP on Sunday.