Economy & Trade

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The KSE was able to compensate some of its previous weeks' losses
Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 6,577.81 points, up by 5.58 percent from the week before closing, the Weighted Index increased by 5.95 percent after closing at 441.59 points, whereas the KSX-15 Index closed 1,069.99 points up by 7.19 percen

October 10, 2012

The disputed islands are in the strategic Strait of Hormuz
08:08 GMT

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'.

Worries for the King as public debt increases
06:00 GMT

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

Egypt's IMF deal could be completed by the end of the month
14:33 GMT

The long-awaited IMF loan to Egypt could be completed by the end of October, Egyptian Prime Minister Hisham Qandil has said.

Dubai eGovernment stand at GITEX
12:38 GMT
(press release)

Dubai eGovernment has collected over AED 3.2 billion in the last nine months through its ePay service.

Dubai Gold and Commodities Exchange
09:49 GMT
(press release)

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, especially in areas such as agriculture
06:00 GMT

Sudan is seeking to strengthen economic ties with Nigeria in an effort to boost its economy.

October 8, 2012

Can economists and the private sector come together to reform the Jordanian economy?
14:08 GMT

Economists and business people in Jordan are forming a new group in an attempt to enhance economic reform in the Kingdom.

MoF organises a workshop on public expenditure and financial accountability for the development of the budgeting system
11:55 GMT
(press release)

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.

Dr. Belaid Rettab with the winners
10:24 GMT

Dubai Chamber of Commerce and Industry recognised four companies as SME Exporters of the Month stretching from May to August 2012.

H.E. Ahmed Bin Humaidan, Director General of DeG
09:46 GMT
(press release)

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.

With the changes in the cabinet in Egypt, corruption reconciliation cases are being delayed
07:42 GMT

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

During the visit
11:35 GMT

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.

Saudi Arabia rebuffs IMF budgetary claims
07:03 GMT

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"

IMF boss Legarde praises the GCC
06:02 GMT

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.

Jordan receives $250 million as part of pledges from the GCC
06:00 GMT

Kuwait has transfered $250 million to the Central Bank of Jordan (CBJ), as the first tranche of GCC support for the Kingdom this year.