Economy & Trade
November 13, 2012
The International Monetary Fund has just finished a visit to Algeria to asses the economy and hold discussions on the short and medium term policies that are being put in place in the context of a weakened global economic recovery.
The Dubai Chamber Trade Mission to Azerbaijan left for Baku Tuesday with over 20 leading business delegates looking to explore investment opportunities in this fast emerging market of the world.
The International Monetary Fund has said that Iran's economy has suffered only a minor contraction because of the ban on oil exports from Western nations.
Arab and Hungarian officials and businessmen are mulling around $2 billion worth of investments during a forum in Budapest that kicked off Monday.
November 12, 2012
Former Egyptian Finance Minister Samir Radwan warned of a severe financial crisis to hit the country if serious steps are not taken to salvage the collapsing economy, as foreign investment drops sharply.
Kuwait celebrated the 50th anniversary of the country's constitution with a large fireworks display, but also rising high in to the sky was the bourse - the stock exchange - as Kuwait gears up for elections in early december.
Egypt has recovered around $1.8 billion in funds and lands corruptly appropriated by Mubarak-era figures, the state-run daily newspaper Al-Ahram has reported
November 11, 2012
In an announcement that invoked the memory of Dickensian work houses for those who could not pay their debts, the UAE has released 290 Emirati defaulters in Abu Dhabi and called on other citizens in similar situations to ask for assistance.
As Kuwait struggles with the largest ever protests seen on its streets, inflation is beginning to eases, helped by a reduction in the cost of food, which had been a major source of upward pressure.
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.
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".
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.
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.
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.
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.