Economy & Trade
October 22, 2012
Gaza is gearing up for the first visit by an Arab head of state since the Palestinian Islamist group Hamas took over the territory in 2007. Qatar's Emir Shaikh Hamad Bin Khalifa Al Thani is expected on Monday, and his visit comes after Qatar's pledged to rebuild Gaza.
The Egyptian government is currently in the final phase of drafting the economic reform programme that it needs to secure a proposed $4.8 billion loan from the IMF.
Qatar recorded the highest broad money supply growth in the region in 2011 and during the first eight months of 2012, as other Middle East states struggle to keep up.
October 21, 2012
The US has denied a report that the United States and Iran have agreed to one-on-one negotiations over Tehran's nuclear program, in what would be a significant step towards resolving the crisis.
In a bold statement, the secretary-general of the Dubai Economic council has claimed that the UAE economy in "immune" from the crisis in the global economy.
Egypt's Illicit Gains Authority on Sunday froze the financial assets of Mubarak-era prime minister Ahmed Shafiq and his three daughters due to unexplained increases in their wealth.
The Kuwaiti economy has registered strong credit growth, the best results for three years, but protests continue, causing the stock market to fall by 3.4 per cent as the government looks set for a showdown.
Dubai Chamber of Commerce and Industry is actively participating in the World Energy Forum 2012 being held in Dubai for the first time outside its UN headquarters in New York.
Jordan and the Ukraine have held talks aimed at forging closer trade cooperation between the two nations, as well as holding specialized trade exhibition to promote products of the two countries.
A Saudi investment company revealed its plans for a mega investment project in Yemen, combining touristic, economic and cultural sections, with an estimated cost of $20 billion.
The Department of Economic Development,DED, in Dubai and Dubai Courts,DC, have signed a partnership agreement to apply the chosen domicile registration system.
Dubai eGovernment announced the signing of a new joint agreement for ePay with the Department of Tourism and Commerce Marketing (DTCM) for settling the fees of the tourist sector.
October 18, 2012
Palestine Monetary Authority (PMA) Thursday condemned Israeli reports on alleged accusations of money laundering executed on behalf of Arabs living in Israel.
The value of Saudi nonoil exports dropped by 22.74 percent in August, as exports also decrease by almost six per cent, in what will be a worrying sign for the Kingdom.
In a worrying sign for Middle East economies, the Chinese economy has recorded slower economic growth. The slowdown could hit oil revenues in the MENA region, as the the worlds second largest needs less oil for its energy intensive manufacturing sector.