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.
Today
The consumer has been and remains a key driver of growth in Kuwait, even as growth in the sector has moderated somewhat.

October 29, 2012

Could Egypt's long-awaiting IMF deal finally about to happen?
10:59 GMT

Egypt's finance minister Momtaz El-Said has said that some features of the reform programme demanded by fund will be implemented in the current fiscal year, in a move that will please investors but worry campaigners.

October 28, 2012

The UNs Human Rights Council chief has urged a boycott of 13 international companies that benefit from Israeli settlements
09:18 GMT

In a significant move, the Human Rights Council’s special rapporteur, Richard Falk, urged the international community to boycott 13 companies benefiting from business with Israeli settlements, the United Nations has reported.

Egypt has published new policies to crack down on fuel smuggling
08:54 GMT

Egypt’s government has finalised draft legislation placing more punitive penalties on those caught smuggling subsidised Egyptian petroleum products such as diesel, octane and butane, state-run daily newspaper Al-Ahram reported on Saturday

October 25, 2012

As civil war rages in Syria, the government has announced an increase in state spending in an attempt try and quell the uprising.
12:52 GMT

As civil war rages in Syria, the government has announced its budget plans for 2013, and is set to increase state spending by four per cent, with plans to increase subsidies and public sector salaries in an attempt seen to try and control the uprising.

Abu Dhabi has planning to protect itself against a similar debt crisis that hit Dubai in 2008, according to leaked document.
12:11 GMT

To protect itself from the kind of debt crisis that shook Dubai in 2008, Abu Dhabi has issued an official document clarifying ultimate responsibility for new debt issuance by its government-related entities.

The UAE is sitting pretty in the eyes of the World Bank
09:24 GMT

The UAE has improved its ranking in the World Bank’s Doing Business 2013 report to 26, up from 33 last year, in news that will please investors, despite the UAEs hubris over claims it is "immune" from global shocks.

The Egyptian stock market see a pre-Eid boost on positive news on the IMF visit
09:00 GMT

Egyptian stocks leapt back into the green on Wednesday in the last trading session before the Eid Al-Adha holiday, encouraged by an impending visit from the International Monetary Fund.

October 24, 2012

Foreign Direct Investment in the rise in Egypt
14:08 GMT

Foreign direct investment in Egypt has made a partial recovery following last year's uprising, with inflows hitting $2.5 billion in the first half of 2012, a United Nations report said on Tuesday.

Small mercies for Lebanon'c Central Bank boss Riad Salameh, as there is no sign of a currency flight after the Achrafieh bombing
10:35 GMT

The financial markets in Lebanon remained calm Tuesday and the country’s currency remained relatively stable despite a series of security incidents following Friday’s assassination of Brig. Gen. Wissam al-Hasan.

During the event
09:21 GMT

During the International Code Council Annual Conference the Municipal System delegation presented the Abu Dhabi Government’s efforts to achieve sustainable development in the building and construction sector.

The King of Morocco has been in the UAE to discuss strengthening trade relations
05:00 GMT

The United Arab Emirates and the Kingdom of Morocco discussed ways to further strengthen their multi-faceted bilateral relations during talks held this evening at Al Mushrif Palace in Abu Dhabi.

October 23, 2012

Jordan to improve relations with the UK
14:24 GMT

Jordan and the UK have discussed improving trade and economic relations in a meeting between British Ambassador Peter Millet and Minister of Political Development and Parliamentary Affairs, Bassam Haddadin.

The Emir of Qatar Sheikh Hamad bin Khalifa al-Thani arrived today to start a visit coinciding with the announcement of his countries funding of the rebuilding of Gaza
14:05 GMT

The Emir of Qatar Sheikh Hamad bin Khalifa al-Thani arrived in Gaza today, the first Arab leader to do so since Hamas took office. The Emir wil launch several projects funded by Qatar, designed to rebuild Gaza.

During the honouring ceremony
11:49 GMT
(press release)

CDA honoured representatives of entities participating in ‘Your Home… Our Home’ initiative, in recognition of their effective cooperation and contribution in renovating and repairing old houses.

GITEX Technology Week
09:55 GMT
(press release)

Dubai eGovernment’s stand saw a large turnout during the 32nd edition of GITEX Technology Week held between October 14 and 18, 2012.