Economy & Trade

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The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
July 24, 2014 - 10:22 GMT
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)

September 18, 2012

New taxes to fund a pay rise for Lebanese Government and MPs, although Prime Minister Najib Mikati could attempt to delay the increase
08:18 GMT

The Cabinet agreed Monday to slap taxes on profits from real estate, lottery wins and investment licenses to partially fund the new salary scale.

September 17, 2012

Education and transport workers took industrial action on Sunday over pay and reforms
14:12 GMT

The beginning of the new academic year in Egypt was disrupted by strikes by two different sets of workers. Workers with the Cairo Transportation authority and the education sector employees took industrial action over pay and administrative reform.

Lebanon could enter recession in the third quarter of 2012
08:16 GMT

Lebanon will enter recession in the third quarter of this year, if analysts are proved correct. Citing the Syrian conflict for a stagnating economy, the Institute of International Finance says that the economy is likely to contract by a further 0.5% in the third quarter, after a 0.3% contraction in the second.

September 16, 2012

During the seminar
11:15 GMT

The Dubai Chamber of Commerce and Industry, in association with the Singapore Mediation Centre, organised a seminar entitled "Mediation: An Effective Tool for Settling Commercial Disputes".

Saudi Arabia
09:53 GMT

Saudi's leading indicator purchasing manager's index (PMI) which measures manufacturing and services sectors' performance rose to 58.3 points in August 2012 from 58.1 points in July 2012.

September 13, 2012

During the seminar
10:45 GMT

The Dubai Chamber of Commerce and Industry, in association with the Hong Kong Trade Development Council and support of HSBC, organised a seminar entitled, “Hong Kong – Your Gateway to China”.

Lebanese Prime Minister Najib Mikati may defer pay increase for senior officials
09:49 GMT

The Lebanese Prime Minister, Najib Mikati, will suggest that planned pay increases for senior officials will be reconsidered after a series of protests, including strikes by government-baked industries.

During the event
09:41 GMT

The Dubai Gold & Commodities Exchange announced the signing of a Memorandum of Understanding with Dalian Commodity Exchange, the first MoU that DCE has signed with an Exchange in the Middle East.

Inflation in the Kingdom is easing, but in some areas it is still too high, causing concern for the government
08:37 GMT

Saudi Arabia's annual inflation eased to 3.8 percent in August, its lowest level since October 2009, although the monthly increase was the fastest in 10 months

Ekfal Taleb Campaign
07:30 GMT
(press release)

ACT launched its “Ekfal Taleb” Campaign, taking yet another step forward in its strive to support members of its local community and especially less fortunate families facing financial challenges.

September 12, 2012

During the visit
11:00 GMT

A delegation from the Municipal System in Abu Dhabi discussed with officials in the Ministry of Land, Transport and Maritime Affairs ways of enhancing relations and cooperation in infrastructure projects.

Dubai Chamber Centre for Responsible Business
10:45 GMT

917 employee volunteers put in 4,300 hours of community work, reveals ENGAGE Dubai’s annual report.

Better trade logistics could save Lebanon $1Billion
08:49 GMT

The cost of trade in Lebanon could be cut drastically by 6 per cent, if the country endorses a program that improves logistics, with savings up to $1billion.

During the meeting
08:28 GMT
(press release)

Dubai Government’s Information Security Committee has recently held its second meeting to discuss information security policy in Dubai Government.

Dubai Customs
08:07 GMT

Dubai Customs has announced the launch of an online open contest, entitled “Nema”, for everyone to share their proposals and contributions in the field of Corporate Social Responsibility.