Economy & Trade
August 28, 2012
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 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 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.
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
The 40 richest people on the planet lost a combined $3.7 billion this week as global stocks declined.
August 23, 2012
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
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".
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.
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
Global financial lenders are advising countries to prepare for the possibility of higher food bills in the coming months.
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
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
The Bahrain All-Share Index yesterday closed 0.3 per cent higher to 1,080 points.
August 15, 2012
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.
Tree of Light, an in-mall activity at The Dubai Mall, received tremendous response from mall visitors, according to Dubai Cares.