Economy & Trade

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“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
January 25, 2015 - 04:55 GMT
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

November 11, 2012

Can Jordan's Ensour calm the nerves of citizens?
08:37 GMT

Jordan's Prime Minister has tried to calm fears over fuel price increase saying that 70 per cent of Jordanian citizens will not be affected, as the country grapples with and imminent IMF loan that will require the reduction in subsidies.

As government paramilitaries are deployed, the government announces the economy is set to grow.
08:01 GMT

Bahrain’s economy is expected to grow at four to five per cent despite the unrest and global developments, as the government's paramilitary wing, the National Guard, is deployed at "strategic locations".

Troubling news for the Central Bank of Egypt as inflation creeps up
07:26 GMT

Egypt’s inflation rate grew to seven per cent in the 12 months to October 2012, marking a significant rise on September’s rate, official data showed Saturday.

Iraqi Prime Minister Nuri Al Maliki's office has said that it is cancelling a $4.2 billion dollar arms deal with Russia
06:46 GMT

Iraq has cancelled a billion-dollar arms deal that would have made Russia the second-largest importer of weapons to the country after the USA. Baghdad has cited potential corruption in the contract, which was worth $4.2 billion.

His Excellency Sami Al Qamzi, Director General of DED
04:46 GMT

Consumers and business owners in Dubai have stepped into the final quarter of 2012 with renewed confidence and a brighter outlook on jobs and spending.

Can Tehran control inflation?
04:00 GMT

Iran's rate of inflation rose by 1.4 percent in the Iranian calendar month of Shahrivar (from August 22 to September 21) and reached 24.9 percent as Tehran struggles with Western sanctions and a currency crisis.

November 8, 2012

The GCC's General-Secretariat has been tasked to study the presented visions and comment on them
13:28 GMT

Blueprints for a Gulf union to replace the existing Gulf Co-operation Council (GCC) are still under review.

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.