Economy & Trade

Featured Story:

“The days when Arab immigrants come for a two- or three-week stay while seeking Canadian passports just to ask their employer to hike their salaries are over.”
October 1, 2014 - 21:21 GMT
Gone are the days when you could benefit from Canada and the Gulf at the same time.

August 28, 2012

Prices of commodities continued to rise from beginning of this year.
08:19 GMT

The government has said inflation remained below 3.1 percent during the 1st seven months of 2012, but an advocacy group countered that the figure does not convey an accurate picture of the soaring cost of basic commodities.

August 27, 2012

The Lebanese Cabinet
13:22 GMT

The Cabinet is set to convene at the Grand Serail with 52 items on its agenda, the most anticipated of which is a recommendation that would help establish Lebanon’s official maritime borders.

Tamkeen
11:50 GMT
(press release)

Tamkeen announced that 755 Bahrain-based enterprises have benefited from its Mohasaba Scheme, which helps enterprises upgrade their accounting systems to be on par with international standards.

Kuwait
11:06 GMT

The government is facing a dilemma on meeting budget requirements given the lack of parliament sessions, while an ordinance to approve a new budget cannot be passed before the 2009 parliament is dissolved.

August 26, 2012

50 Dollars bill
09:32 GMT

The 40 richest people on the planet lost a combined $3.7 billion this week as global stocks declined.

August 23, 2012

Gulf market
13:45 GMT

Kuwait’s Wataniya rose to a two-month high yesterday after Qatar Telecom offered to buy remaining stake in the telco for $2.2 billion, while Gulf markets were mixed in muted trade post the holy month of Ramadan.

August 22, 2012

There are a number of opportunities in Bahrain and, through Bahrain, to the wider GCC
12:08 GMT

Bahrain is looking to become a gateway "to the wider GCC that is currently estimated to have a combined gross domestic product of $1 trillion".

Iraq remained the fastest growing market with exports and re-exports to the country increasing from only AED 4.1 billion from January to June of 2011 to a high of AED 19.4 billion for the same period in 2012, the report said
10:54 GMT

Saudi Arabia remains the largest export and re-export market for Dubai in the first half of the current year, capturing 27 percent of the market totaling AED 36.3 billion.

Everyone was waiting for the summer season to reactivate the economy
08:49 GMT

Lebanon’s economy has suffered a severe blow due to the unrest sweeping the country, president of the Chamber of Commerce, Agriculture and Industry Mohammad Choucair said Tuesday.

August 21, 2012

Tunisia has achieved remarkable results in term of production of wheat.
09:57 GMT

Global financial lenders are advising countries to prepare for the possibility of higher food bills in the coming months.

Iraqi PM Nouri Al Maliki and Iranian president Ahmadinejad
09:05 GMT

A report in Sunday’s New York Times says Iraq has been using a network of financial institutions and oil smuggling operations to help Iran skirt economic sanctions imposed because of its nuclear programme.

August 20, 2012

Jordanian Industry and Trade Minister Shabib Ammari
11:07 GMT

The government has endorsed a draft investment law and refered it to the Legislation and Opinion Bureau, Industry and Trade Minister Shabib Ammari said on Wednesday night.

August 17, 2012

Bahrain stock exchange
01:04 GMT

The Bahrain All-Share Index yesterday closed 0.3 per cent higher to 1,080 points.

August 15, 2012

Stock market
14:10 GMT

The Dubai Financial Market (DFM) index consolidated in the positive territory on Tuesday, building on the gains from Monday, buoyed by the positive sentiments on the European markets.

Dubai Cares Tree of Light
10:50 GMT
(press release)

Tree of Light, an in-mall activity at The Dubai Mall, received tremendous response from mall visitors, according to Dubai Cares.