Economy & Trade

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The UAE has emerged as one of the world's leading economies (File/AFP)
The UAE is jumping the ranks and emerged as the seventh most competitive economy in the world within the short space of a year.

October 2, 2012

Iran's currency, The Riyal, has nosedived, as sanctions take effect
06:32 GMT

The Iranian Riyal nosedives to record lows during trading on Monday, as sanctions for the islamic Republics nuclear ambition begin to hit. This drops follows a month-long sell-off as investors seek safer bets.

The trade deficit in Lebanon increased as fears for the economy grow
05:36 GMT

Lebanon's trade deficit widen to 19 per cent year-on-year, as fears for the economy grow.

October 1, 2012

After unrest in Yemen, the USA is granting a million-dollar aid package  to assist with development
14:47 GMT

Yemen and US Agency for International Development (USAID) signed here on Sunday an agreement of $180 million to support the development of the areas affected by the war against terrorism in Abyan province.

Turkey has agreed an $1billion loan for Egypt during Morsi's visit
08:44 GMT

Turkey has agreed a $1 billion loan for Egypt during President Mohamed Morsi's visit to the country, the state-run MENA news agency reported on Sunday.

Dubai World Central
06:48 GMT
(press release)

Dubai World Central is gearing up to showcase major investment opportunities during its participation at Cityscape Global 2012.

September 30, 2012

H.E. Ahmed Bin Humaidan, Director General of DeG
06:37 GMT
(press release)

Dubai eGovernment Department has launched a series of opinion polls for both the general public and for government employees to measure customer satisfaction.

Can the economy of Tunisia recover?
00:08 GMT

Moody's Investors Service has kept the investment rating of Tunisia, that is Baa3 with negative outlook reflecting, it says, the country's moderate economic, institutional and financial strength.

September 27, 2012

Proposed EU sanctions would hit Iran's banking sector
11:28 GMT

European governments are considering a new round of sanctions against Iran over its nuclear program that could be implemented in October and substantially curtail trade with the Islamic Republic and hit its banking industry, diplomats say.

Despite continuing protests in the Kingdom, Bahrain is attempting economic reform
10:51 GMT

Bahrain’s HRH Prime Minister Prince Khalifa bin Salman Al Khalifa directed all ministries and government departments to develop a comprehensive plan to set up major economic and development projects.

During the ceremony
10:03 GMT

Nine major Dubai-based organisations were presented the Dubai Chamber CSR Label during a ceremony held at the Dubai Chamber of Commerce and Industry premises on Wednesday.

Qatar and Jordan have signed an agreement to hammer out a GCC deal
09:09 GMT

Jordan and Qatar on Wednesday signed a framework memo to regulate the disbursement of the Gulf country’s $1.25 billion grant to the Kingdom and discussed projects suggested to be funded under the donation.

Mursi is due to visit the UAE and will  discuss trade and investment
08:39 GMT

Egyptian President Mohammed Mursi will visit the UAE within weeks. The President, fresh from his speech at the UN General Assembly, will discuss UAE investment and the economic situation in Egypt.

Tariq Al Gurg, CEO of Dubai Cares
07:35 GMT
(press release)

Dubai Cares has been selected to join “Education First”, a global initiative by United Nations Secretary General Ban Ki-Moon to ensure quality, relevant and transformative education for everyone.

Can the Egyptian government regain control of the economy?
00:08 GMT

Reuters are predicting that Egypt is unlikely to meet its growth target of four per cent, as the new Morsi-lead government is putting the final touches to an economic reform programme that it hopes will please the IMF, enabling a financing package of the so-called 'Bretton Woods' institution.

September 26, 2012

The economy improves, but will Bahrain keep a tight rein on protests?
10:08 GMT

Bahrain's economy signalled that is is improving, with GDP expected to grow at 4-5 per cent in 2012. Human rights abuses remain in the Kingdom however, and the pivotal trade unions could become vocal again.