Economy & Trade

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However food waste is not unique to Saudi Arabia, low income and developed countries face problems in waste.
July 9, 2014 - 18:47 GMT
Saudi Arabia is the world’s top food importer, and also rated as one of the worst wasters.

April 14, 2014

H.E Ahmed Mahboob Musabih, Director General of Dubai Customs and  ATCUAE President Dr. Mohammed Ben Sulayem, signing the landmark agreement today
07:20 GMT

A global customs transit system has moved a step closer in the Emirates following the signing of an agreement today between Dubai Customs and the Automobile and Touring Club of the UAE.

 Kuwait last week contributed $2.5 million towards UNDP’s emergency support in Syria and neighbouring countries.
03:55 GMT

This year Kuwait contributed $500 million, and last year it contributed $300 million.

April 13, 2014

Commenting on the new law, His Excellency Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, confirmed that the Federal Law No. 2 of 2014
12:21 GMT
(press release)

His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, issued Federal Law No. 2 of 2014, for the Small and Medium Enterprises sector, to regulate the relationship between all government institutions and entrepreneurs of small and medium enterprises.

Department of Economic Development
07:25 GMT

Consumers in Dubai see their personal financial situation improving and brighter job prospects on the road ahead as per the latest findings of the quarterly consumer confidence survey.

Israel collects taxes on behalf of the Palestinians, and transfers about $100m per month, accounting for two-thirds of the authority’s budget
03:55 GMT

Israel’s audacity to torpedo international legal instruments, mount blatant attacks on hapless Palestinians and encroach on their territories is nothing but fascism at work.

April 11, 2014

Israel collects about $100 million a month in taxes for the Palestinians. It isn’t clear how much would be withheld or for long it would go on.
16:55 GMT

Erekat spoke a day after an Israeli official said Israel would stop the tax money transfers in retaliation for the Palestinians pushing to sign up for more recognition from international agencies and treaties.

April 10, 2014

In 2013, Dubai trade hit Dh1.392 trillion and was the major contributors to Dubai’s GDP
10:55 GMT

Dubai’s foreign trade is expected to touch Dh4 trillion by hosting Expo 2020, Mahmoud Al Bastaki, CEO of Dubai Trade, said on day two of the Annual Investment Meeting 2014 in Dubai.

During the panel discussion
06:38 GMT

VIP panel of public and private Somali experts gather to share ideas and action to rebuild Somalia.

Mr Ali Al Maqhawi, Director of Airport Operations at Dubai Customs
05:55 GMT

Dubai Customs has announced the formation of a special working team to provide all Customs facilitations to a contingent of more than 16,000 Chinese visitors from Nu Skin company.

April 9, 2014

The GCC was the largest export destination with total export to the region reaching AED15.8 billion, with Saudi Arabia taking 57 percent of the total GCC export
10:55 GMT

Exports from Dubai to Saudi Arabia crossed AED9 billion in March 2014, according to Dubai Chamber figures.

Last year, German exports to the UAE increased by two per cent to more than 10 billion (Dh50.5 billion).
07:55 GMT

Head of the Abu Dhabi Department of Economic Development (ADDED) at the German Federal Foreign Office, Dieter W. Haller, on Tuesday expressed his interest in further developing the positive economic partnership between the UAE and Germany.

He added that the volume of projects that applied to benefit from the Investment  Promotion Law reached JD1.92 billion (around $2.7 billion) in 2013 compared to JD1.61 billion ($2.2 billion) in 2012.
03:55 GMT

In previous remarks to The Jordan Times, Ruoshoud said Jordan's investment inflows rose by 19.5 per cent in 2013 “reflecting investors’ confidence in the Kingdom’s economy and business environment".

According to the report, 80% are concerned with the unemployment level in the country.
03:55 GMT

Around 71% of young Egyptians feel that individuals belonging to their generation are more likely to start a business compared to their older counterparts.

Symantec also highlighted the increasing number of Internet of Things devices targeted last year including routers, baby monitors and security cameras.
00:26 GMT

The number of targeted cyber-attack campaigns increased by 91 per cent in 2013, with each attack lasting three times longer than in 2012, according to an industry report.

April 8, 2014

Israel has already used up its annual $3.1 billion in this year's US military aid, and has committed all the aid through 2018, when the current aid package expires.
15:03 GMT

Minister of Defense Moshe Ya'alon 'fell in love' with the V-22 during a visit to Washington in June 2013 to promote the Osprey deal.