Economy & Trade
November 7, 2012
Financial reform is real and having an effect on the budget deficit already, says government minister.
The Dubai Chamber of Commerce and Industry organised a pre-mission briefing session for over 20 business leaders participating in the Dubai Chamber Trade Mission to Azerbaijan starting on November 13 and concluding on November 16 in Baku.
Dubai eGovernment Department (DeG) has hosted a delegation from Ras Al Khaimah eGovernment Authority who visited to get familiar with Dubai eGovernment’s leading eTransformation experience at UAE.
The Ministry of Finance organised a workshop on personal budgeting and saving mechanisms in the Sheikh Zayed Hall at the University of Ajman.
November 6, 2012
Jebel Ali Free Zone, home to the largest port and free zone in the Middle East, contributes a fifth to Dubai’s Dh300.83 billion economy, a top official said on Monday.
The Sudanese government reached out to Iraq last summer in a bid to obtain financial assistance, after claiming their oil revenue had been largely lost to South Sudan since the split. Sudan put in for 100 million, only to be told that Iraq could meet a tenth of this sum.
The Department of Economic Development in Dubai and the Emirates Authority for Standardisation & Metrology have signed a Memorandum of Understanding to promote commercial compliance among businesses.
H.E. Abdul Rahman Saif Al Ghurair, Chairman Dubai Chamber of Commerce and Industry, announced the opening of a representative office in Iraq’s Kurdistan region next year.
November 5, 2012
The jury might still be out on former General Intelligence Department (GID) chief Mohammad Dahabi but a verdict has been promised for next week.
The government will not surprise the public with any decision to lift fuel subsidies which are burdening the state budget and raising indebtedness to unprecedented levels, Prime Minister Abdullah Ensour said.
November 4, 2012
Companies involved in Halal products in Bahrain could be set to cash in on the historic agreement by India and Pakistan to open trade links for the first time in 16 years. Bahraini businesses could rake in profits from the re-galvanized trade-link between former enemy states.
As part of efforts to assist SME growth in the emirates, Dubai Chamber of Commerce and Industry launched its ‘Guidelines for Enhancing SME Finance’ during a seminar held at its head office today.
Department of Municipal Affairs received a delegation from the Korean Development Institute headed by Mr. Taihee Lee, Director of the institute and included Mr. Kwangsok Oh, research fellow at the National Information Society Agency.
November 1, 2012
The UAEs Oil minister has said that the country is preparing for any potential blocking of the crucial Straight of Hormuz with a new pipeline expected to open by the end of 2012.
Egypt’s coastal governorate Port Said will be a pilot case for separating wheat production and distribution, whereby the price of wheat will be determined according to international prices, a potentially risky move in a country that is no stranger to bread riots.