Economy & Trade

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The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
July 24, 2014 - 10:22 GMT
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)

August 7, 2012

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.

Creek Customs Centre
09:36 GMT

Dubai Customs inspectors thwarted an attempt of 28 stowaways from different Asian nationalities found hiding in a cargo ship voyaging from Dubai Creek port to an Asian country.

Dubai Gold and Commodities Exchange
08:49 GMT
(press release)

Gold and Rupee futures continued their strong run on the Dubai Gold and Commodities Exchange (DGCX) driving a 211% year-on-year increase in the Exchange’s volumes in July.

August 6, 2012

GCC stock market
09:36 GMT

The stock markets in the Gulf Cooperation Council (GCC) rose in July, gaining 0.41 per cent after a decrease of 2.91 per cent in June, according to Kuwait Financial Centre's (Markaz) latest update on regional markets.

Dubai Investments
06:42 GMT
(press release)

Dubai Investments DI announced its financial results for the six month period ended 30 June 2012.

During the event
06:27 GMT
(press release)

The Community Development Authority (CDA) launched a number of initiatives during the holy month of Ramdan, aimed at promoting the spirit of giving and sharing.

August 5, 2012

Qatar United-Arab-Emirates flags
11:04 GMT

New UAE investment fund rules could hurt the country’s ambitions to become a more important financial center, analysts said, adding that Qatar could reap the benefits.

Khalid Ali Al Youha, Acting Manager of CCCP’s Intellectual Property Rights Protection Unit
10:28 GMT

The Department of Economic Development in its biggest crackdown to date on counterfeiting has confiscated electronic appliances worth around four million dirhams from a warehouse in Al Aweer area of Dubai.

Dubai Trade
08:39 GMT

Dubai Trade, the premier cross-border trade facilitator under Dubai World, has urged trading companies and logistic service providers registered with Dubai Trade Portal.

August 2, 2012

GCC
11:52 GMT

A proposal to turn the Gulf Cooperation Council (GCC) into a Gulf union will be reviewed by the alliance foreign ministers in September.

The port of Beirut
09:01 GMT

Lebanon has lost around $150 million in exports since the beginning of 2012, the head of the state-run Export Development Council was quoted as saying Wednesday.

Ahmad AlAnsari, new Chairman of Smartworld
06:19 GMT
(press release)

Smartworld has appointed Ahmad AlAnsari as the new Chairman of Smartworld.

August 1, 2012

Suez Canal
12:23 GMT

Revenue from Egypt’s Suez Canal rose 3.6 per cent in the financial year 2011/2012, ended 30 June, from a year earlier to $5.2 billion, the Suez Canal Authority said.

IMF
10:02 GMT

The International Monetary Fund has reached a $2 billion loan agreement with Jordan, where the economy has been slowed by higher oil prices and uncertainty in the aftermath of the region’s Arab Spring protests.

Omar Bushahab, CEO of the Commercial Compliance and Consumer Protection Division, DED
08:22 GMT

Overall consumer confidence in Dubai remained robust during the second quarter of 2012, driven largely by a positive outlook on personal finance and strong optimism on job prospects.