Economy & Trade
December 4, 2012
Egypt’s stocks plunges on Monday with the country’s political crisis still unfolding, as most analysts have predicted.
December 3, 2012
Kuwait's stock exchange was in the red during early trading on Monday, after a good run on Monday, following the national elections.
Following last weeks announcement that the GCC has granted $5 billion worth of financial aid to Jordan, the Hashemite Kingdom has which projects are to be funded by the money.
Tunisia and Algeria are holding meetings to strengthen bilateral relations, with the Tunisian Prime Minister Hamadi Jebali heading a large delegation to Algiers.
Jordan's Prime Minister Abdullah Ensour said the $184 million US grant during 2012 will help support the Treasury.
December 2, 2012
Israel has announced that it is to withhold taxes that it collects on for the Palestinian Authority in retaliation for the successful bid at the United Nations for non-observer status.
Stocks make small recovery during early trading on Sunday after suffering heavy losses last week due to political turmoil following President Morsi's constitutional declaration.
Ministry of Finance planted a Union Tree in front of the Ministry’s headquarters in Abu Dhabi.
Qatar will remain the fastest growing of all GCC sovereigns in 2013, driven by the government’s huge capital investment programme, Fitch Ratings has forecast.
November 29, 2012
In Jordan, hundreds of government vehicles were taken from the employees of the ministries of water and irrigation and municipal affairs on Wednesday in an attempt to cut down public spending.
The current Eurozone crisis gripping Europe could be good news for the Gulf Co-operation Council, as capital is diverted to the GCC as investors look for new and safer investment opportunities.
The recent pick-up in oil prices should leave the Saudi government with double-digit budget surplus over the 2012-2013 despite marked gains in expenditure, a leading economist has said.
German support for Jordan to cope with the influx of Syrian refugees has exceeded 50 million euros ($65 million), according to a statement issued by the German embassy on Wednesday.
The Dubai Chamber of Commerce and Industry’s Legal Services department in association with Al Tamimi & Company, organised, “Business Licencing and Employment Workshop”.
Jordan's Prime Minister. Abdullah Ensour, has announced that Saudi Arabia has agreed to give the Hashemite Kingdom $487 million, to support finance and redevelopment.