Economy & Trade
September 27, 2012
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.
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.
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.
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.
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.
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
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.
Tunisia's ousted former president, Zine El Abidine Ben Ali, had assets totalling more than $13billion, a government commission has found, although more assets are could be uncovered.
Dubai Trade has signed a memorandum of understanding with the General Directorate of Residency and Foreigners Affairs.
The Central Bank of Tunisia has signed agreements with the Arab Monetary Fund securing loans totalling $180 million dollars, with hope of shoring up the Balance of Payments deficit.
Morocco is to be granted 1.64 billion dirhams ($190 million) in a financial package by the Arab Monetary Fund.
September 25, 2012
Jordan's tax revenue is set to rise again this year, according to an unnamed source. The Kingdom is likely to receive JD3 billion, up from JD2.764 billion in 2012.
The Dubai Chamber of Commerce and Industry hosted the 3rd quarterly roundtable meeting of the year, which was attended by representatives of Dubai’s Business Councils and Business Groups.
Jebel Ali UAE Region will install state of the art technology to run its new mega container terminal currently under development, as part of plans to expand container handling capacity at the port to 19 million TEU.
S&P ranks Tunisia in the Banking Industry Country Risk Assessment (BICRA) group “8” in both of its two mainareas of analysis—economic risk and industry risk.