Economy & Trade

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Implementation of the government’s development plan has been picking up, and momentum is expected to improve further in 2015 and 2016.
December 19, 2014 - 00:38 GMT
The consumer has been and remains a key driver of growth in Kuwait, even as growth in the sector has moderated somewhat.

November 7, 2012

The budget deficit excluding grants has declined to JD1.1 billion during the first nine months of 2012 from JD1.2 billion during the same period last year
10:50 GMT

Financial reform is real and having an effect on the budget deficit already, says government minister.

Hamad Buamim, Director General, Dubai Chamber
10:12 GMT

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.

During the visit
09:54 GMT
(press release)

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.

MoF organises a workshop on saving and personal budgeting for students
08:11 GMT
(press release)

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.
10:40 GMT

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 Iraqi cabinet agreed to allocate $10 million in aid to Sudan as part of the 2013 draft budget
10:06 GMT

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.

During the signing
09:28 GMT

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.

During the meeting
08:58 GMT

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

Former director of the General Intelligence Department Mohammad Dahabi.
09:13 GMT

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 decision was taken to address the rising budget deficit which has reached unprecedented levels
04:00 GMT

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

Both countries have also opened their economies for mutual investment and signed agreements for the liberalisation of visa regimes, especially for businessmen
10:53 GMT

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.

During the seminar
09:24 GMT

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
08:56 GMT

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 UAE is prepared for any closure of the Straight of Hormuz, the country's Oil Minister has confirmed.
09:10 GMT

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.

Bread prices could fluctuate in Egypt's Port Said area
08:57 GMT

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.