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.
December 19, 2014 - 00:38 GMT
The consumer has been and remains a key driver of growth in Kuwait, even as growth in the sector has moderated somewhat.

October 17, 2012

Taxi driver strike inLebanon less successful than hoped as few drivers turn out
11:57 GMT

A strike by taxi drivers im Lebanon turned out to be far less disruptive than feared with only around 50 cars gathering in Dora, north of Beirut.

During the event
10:49 GMT
(press release)

H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, launched Dubai eGovernment’s new Government Service Bus (GSB) platform, during the opening of the 32nd GITEX Technology Week 2012.

October 16, 2012

Ayatollah Ali Khamenei has said Iran will not give in to "bullying" on state television
14:03 GMT

Iran state television is reporting that Ayatollah Ali Khamenei has said that Iran will not give in to "bullying" at the negotiating table with world powers over its disputed nuclear program, despite new economic sanctions from the European Union.

English Website
11:36 GMT
(press release)

Dubai eGovernment has launched its comprehensive Electronic Service Catalogue as part of its plans to offer more innovative channel-based services, which it regards as key pillars of Dubai eGovernment.

Catherine Ashton, head of EU foreign policy, has tightened sanctions on Iran
11:32 GMT

The European Union has introduced new sanctions on Iran, including a general ban on financial transactions, with some exceptions for those involving humanitarian aid, food and medicine purchases and provisions for legitimate trade.

Dubai Chamber
10:16 GMT

Dubai Chamber of Commerce and Industry has become the first organisation in the Middle East to transform its business processes with the new system.

Dubai Multi Commodities Centre
08:50 GMT
(press release)

The Dubai Multi Commodities Centre hosted a seminar at the Dubai Diamond Exchange to further promote industry awareness of synthetic diamonds.

Mohammed Sharaf, Group Chief Executive Officer, DP World; Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region; and Abdulla Bin Damithan, Director – Account Management, presenting care packs to the patients at Rashid Hospital
05:56 GMT

Long-term patients at Dubai’s Rashid Hospital who lack income, family support, or the means to return to their home countries were the focus of the seventh of DP World’s staff-driven community activities.

October 15, 2012

Alvin Roth and Lloyd Shapley have been awarded the 2012 Nobel Prize for Economics
13:45 GMT

The Nobel Prize for Economics has been awarded to Alvin Roth and Lloyd Shapley for their work on "theory of stable allocations and practice of market design".

Kuwait is funding bing investment projects in Bahrain
12:46 GMT

Kuwait has offered to fund several key infrastructure development projects in the Bahraini Kingdom, in a deal expected to be worth $273 million.

Dubai eGovernment stand at GITEX 2012
11:17 GMT
(press release)

Dubai eGovernment has recently announced the launch of two new mobile applications to facilitate real-time ePayment services and allow easy access to all services provided by the Government of Dubai.

Dubai Chamber booth at GITEX 2012
09:35 GMT

Dubai Chamber of Commerce and Industry will showcase its e-services at GITEX Technology Week taking place this week at the Dubai International Convention and Exhibition Centre.

GDP in Abu Dhabi is growing, fuelled by the hydrocarbon industry
09:10 GMT

Growth in GDP in Abu Dhabi is better than expected, with a current rate at around three percent fuelled by the hydrocarbon sector.

The cost of living in Qatar is on the rise
08:50 GMT

The cost of living in Qatar is on the rise as the Consumer Price Index notched a two per cent year-on-year, reflected by the increased cost of food in the gulf state.

October 14, 2012

Saudi shares crash to 11 week low
13:58 GMT

Share prices in Saudi Arabia closed down 1.68 percent to an 11-week low yesterday as the market reacted to last week’s lackluster banking results, weak stocks and a dip in energy prices. The fall to 6,682 points leaves the index at its lowest mark since July 25, Reuters reported.