Economy & Trade
October 10, 2012
Iran, still facing a currency crisis and potential conflict with Israel, has warned the UAE over a small group of disputed islands in the strategic Strait of Hormuz. Iran claimed them in 1971 and has said their sovereignty is 'non-negotiable'.
Jordan's public debt has ballooned to AED 69.6 billion (18.7 billion US dollars), with loans from banks and international lenders increasing.
October 9, 2012
The long-awaited IMF loan to Egypt could be completed by the end of October, Egyptian Prime Minister Hisham Qandil has said.
Dubai eGovernment has collected over AED 3.2 billion in the last nine months through its ePay service.
Dubai Gold and Commodities Exchange registered its highest ever monthly volumes in September, reaching 971,675 contracts, a 100% increase from the same month last year.
Sudan is seeking to strengthen economic ties with Nigeria in an effort to boost its economy.
October 8, 2012
Economists and business people in Jordan are forming a new group in an attempt to enhance economic reform in the Kingdom.
Ministry of Finance organised a workshop today on public expenditure and financial accountability for the development of the budgeting system at MoF in Abu Dhabi.
Dubai Chamber of Commerce and Industry recognised four companies as SME Exporters of the Month stretching from May to August 2012.
Dubai eGovernment intends to build on the overwhelming success it achieved during its participation in the previous editions of GITEX, as it takes part in the 32nd edition of GITEX Technology Week.
The Egyptian government is still keen on reconciliation with businesses that were corrupt during the Mubarak era, but the processes is being stalled by continuous change in cabinets.
October 7, 2012
H.E. Engineer Ahmed Mohamed Al Shareef the Under Secretary of the Department of Municipal Affairs received a Saudi delegation from Al Madina Al Munawara Municipality.
The IMF has claimed that the budget surplus being run by Saudi Arabia is decline before dropping into deficit have been rebuffed by the Saudi Kingdom as a "doomsday scenario"
Christine Legarde has sung the praises of Gulf arab countries and their management of oil prices and reserves at a conference with senior GCC officials.
Kuwait has transfered $250 million to the Central Bank of Jordan (CBJ), as the first tranche of GCC support for the Kingdom this year.