Economy & Trade
August 7, 2012
Dubai's bourse fell yesterday, giving back gains from the previous day's rally, as investors booked profits on property stocks and weak earnings from Dubai Investments' dampened sentiment.
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.
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.
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
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 DI announced its financial results for the six month period ended 30 June 2012.
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
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.
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, 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
A proposal to turn the Gulf Cooperation Council (GCC) into a Gulf union will be reviewed by the alliance foreign ministers in September.
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.
Smartworld has appointed Ahmad AlAnsari as the new Chairman of Smartworld.
August 1, 2012
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.
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.