Economy & Trade

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The Middle East’s share of gold consumption was 6 percent last year, compared with 7.8 percent in 2010
Today
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.

August 15, 2012

Dubai Cares Tree of Light
10:50 GMT
(press release)

Tree of Light, an in-mall activity at The Dubai Mall, received tremendous response from mall visitors, according to Dubai Cares.

August 14, 2012

Jordanian flag
14:08 GMT

The UAE is exploring investment opportunities in Jordan in areas of water, renewable energy, tourism, health, public works, education and other development projects, Minister of Economy Sultan Bin Saeed Al Mansouri, said.

MoF Organises Charitable Activities during the Holy Month
12:21 GMT
(press release)

The Ministry of Finance organised a number of charitable activities throughout Ramadan at its Abu Dhabi and Dubai offices.

Sami Al Qamzi, Director General of the Department of Economic Development
11:27 GMT

Stronger optimism among exporters, manufacturers and a number of retailers gearing for busier days ahead are the highlights of the latest quarterly business survey conducted by the Department of Economic Development.

August 13, 2012

Smuggling tunnel
13:13 GMT

The tunnels used to smuggle goods and people between Gaza and Egypt are partially back to work, amid attempts by the Egyptian military to shut them down

Kom Kom Geng, the chair of the Public Accounts Committee
09:26 GMT

The Public Accounts Committee (PAC) in the National Legislative Assembly (NLA) will effective Monday begin the long-awaited public hearing on the Auditor General’s 2007/2008 report, which unearthed massive financial mismanagement in the country.

August 12, 2012

During the campaign
10:49 GMT
(press release)

Aqaba Container Terminal, the world’s gateway to Jordan and beyond, recently launched the second phase of its Ahl Al Khair (People of Charity) initiative.

Oman money
10:13 GMT

The fiscal surplus of the sultanate widened further to a record RO1.6bn in the first half of this year, as against a surplus of RO386mn in the corresponding period of 2011, latest data released by National Center for Statistics and Information (NCSI) showed.

Tramadol tablets seized in the container
09:27 GMT

Dubai Customs has successfully foiled an attempt by a food and beverages company to smuggle about 52 million drug tablets of restricted use including 4.2 million tablets of Tramadol drug.

August 9, 2012

During the event
06:17 GMT

The Cove Rotana Resort Ras Al Khaimah in collaboration with RAK Free Trade Zone organized a Charity Iftar for 33 orphans from Al Rahma Charity Association in Ras Khaimah.

August 8, 2012

Saudi Riyal
11:35 GMT

Saudio Arabia's Finance Minister, Ibrahim Alassaf, says the country has no reason to change its 2012 economic growth forecast of 5.9 percent

Dubai eGovernment
10:43 GMT
(press release)

Dubai Government’s Information Security Committee has held its first meeting at HH Dubai Ruler’s Court to review information security in Dubai Government as per Resolution No. 13 of 2012 passed by Dubai Executive Council.

Mohammed Lootah, Deputy CEO, Commercial Compliance and Consumer Protection division, DED
10:10 GMT

The Department of Economic Development (DED) has launched an SMS and online campaign to spread awareness on consumer rights and the existing mechanisms.

August 7, 2012

Dubai city
23:42 GMT

Dubai's bourse fell yesterday, giving back gains from the previous day's rally, as investors booked profits on property stocks and weak earnings from Dubai Investments' dampened sentiment.

During signing the memorandum
11:01 GMT

Dubai SME and SHUAA Capital have signed a memorandum of understanding to offer a new Valuation Advisory Services to a select number of Dubai SME 100 companies.