Economy & Trade

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Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.

November 27, 2012

Dubai's  economy is booming
08:23 GMT

Duabai's economy has performed well in the first half of this year, registering growth of 4.1 per cent, according official data., with foreign trade reaching 11.4 per cent.

A Potentially tough day at the office for Lebanon's Prime Minister Najib Mikati as a general strike is called
04:00 GMT

A large-scale public sector strike is expected across Lebanon Tuesday organized by the Union Coordination Committee in protest against the government’s delay in finalising a pay hike after a long running dispute.

Jordan's trade deficit on the increase
03:00 GMT

Jordan trade deficit shot up to JOD6.772 billion in the first 9 months of the current year, up by 19.5 per cent compared with JOD5.583 billion for the same period of 2011, official statistics showed.

November 26, 2012

More Middle East tensions see stocks sliding in Egypt and Saudi
08:10 GMT

Dubai’s stocks surged on Sunday in the wake of the spectacular mega city project launch as most share markets across the Middle East went on a retreat spearheaded by a tailspin in Egyptian shares, as Saudi has its worst single day since January

Department of Economic Development
08:10 GMT

The Department of Economic Development in Dubai will host the 41st UAE National Day celebrations on November 29, 2012.

November 25, 2012

"Black Sunday" for Egypt's economy after Morsi's power grab
11:56 GMT

Egypt’s stocks have plunged on the first trading day of the week following President Morsi's controversial Constitutional Declaration on Thursday.

Algeria is planning a growth pact to restore credibility in the economy
08:49 GMT

The Algerian government is resolutely committed to establishing a genuine "growth pact" with both public and private enterprises as it seeks to boost economic growth.

Saad Al Awadi, Chief Executive Officer of Dubai Exports
08:08 GMT

Dubai Exports will host an Exporters Forum on 28 November 2012.

Egypt's deficit is on the increase
06:00 GMT

In what could be a worrying sign for the IMF, Egypt’s total deficit rose by 3.9 per cent in the third quarter of 2012 (July-October) compared to the same quarter last year, the latest bulletin published by the Egyptian Ministry of Finance reports.

Private sector involvement in the economy is rising in Abu Dhabi
05:34 GMT

The private sector made up nearly a third of Abu Dhabi’s overall gross domestic product of Dh691 billion last year, according to Mohammad Thani Murshed Al Rumaithi, chairman of the Abu Dhabi Chamber of Commerce and Industry.

Members of the UK Parliament are in the UAE to talk up trade-relations
03:00 GMT

After David Cameron's arms-dealing trip across the Middle East, nine members of the British Parliament have arrived in the United Arab Emirates on a four-day visit to try and talk up trade partnerships.

November 22, 2012

Planning for the post-Assad economy is well under way
10:54 GMT

Among the Arab Spring countries, Syria has the greatest potential in terms of investment and the UAE National companies are still interested to have businesses in Syria, according to the Minister for the Economy.

The stock marker in Egypt responded positively to the news of the IMF deal
10:43 GMT

Egypt stocks soared during Wednesday trading as the success of the government in reaching agreement with the International Monetary Fund on a $4.8 loan Tuesday positively affected investors' behaviour.

November 21, 2012

Egypt is high on the list of developing countries that receive remittances
11:41 GMT

Egypt came sixth in the list of developing countries that receive remittances according to a World Bank and Development brief released on Wednesday, with an estimated $18 billion in migrant transfers.

GCC states look set to offer financial assistance
10:40 GMT

Gulf states are looking at ways to help Jordan’s ailing economy after a decision to cut fuel subsidies sent energy prices soaring and led to street protests.