Economy & Trade

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Asia and Turkey will also remain the most important trade partners of the UAE in terms of imports.
September 17, 2014 - 15:55 GMT
The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.

May 12, 2014

The interim government’s stimulus plan, which was said to span between six to nine months starting from late August 2013, amounts to EGP 29.6bn and aimed at generating 3% economic growth over the fiscal year 2013/2014.
03:55 GMT

The minister pointed out that by the end of April 60% of the first stimulus package projects, which started in November, was completed.

“The first challenge, or the big one, is how to restore the political stability,” the minister said, but said it was an issue where the country is on the right track.
03:55 GMT

El-Araby stressed that the private sector “has always been and will continue to be the main player in the Egyptian economy.”

May 11, 2014

Adil Al Zarooni, Senior Vice President – Sales, Jafza and Rubens Hannun, Vice President, Arab Brazilian Chamber of Commerce signing the MoU
06:37 GMT

Jebel Ali Free Zone (Jafza) signed a Memorandum of Understanding with Arab Brazilian Chamber of Commerce to further strengthen bilateral commercial relations between the two sides.

Abdullah Al Khaja & Dr. Abdul Wahab Al Madani conferring diploma certificates to the inaugural class members
06:17 GMT

The Customs Training Centre of Dubai Customs has organized a celebration in honour of the first-class graduates of the newly launched Customs Cases Diploma programme.

Lebanon’s primary budget turned negative in 2012 and deteriorated further in 2013 to 141 percent of GDP as the government came under pressure to spend and economic activity dropped, the IMF report said.
06:00 GMT

Political jockeying and sectarian tensions have slowed or stalled action needed to tackle Lebanon’s financial problems.

May 8, 2014

Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.
05:13 GMT

The energy-rich Gulf states agreed on Wednesday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance minister said.

May 7, 2014

During the event
09:29 GMT

Dubai Chamber of Commerce and Industry recently organised a workshop on how to prepare successful contracts, as part of its efforts to support the business community in Dubai.

DP World, UAE Region Chief Commercial Officer Dirk Van Den Bosch and Director of Mina Rashid Mohammed Al Mannaei receiving Mina Rashid’s 7th successive WTA Middle East’s Leading Cruise Port from Graham Cooke, President & Founder, World Travel Awards
06:24 GMT

DP World’s Mina Rashid has continued its winning streak at the coveted World Travel Awards – this time voted the Middle East’s Leading Cruise Port for the seventh consecutive year.

Mr. Khalil Saqer, Director of Corporate Communication Department, Dubai Customs
05:25 GMT

Dubai Customs is keen to support and strengthen ties and relations with strategic government partners in order to continuously develop relationships and exchange expertise across government organizations to enhance competitiveness regionally and internationally.

May 6, 2014

During the event
09:55 GMT
(press release)

Aqaba Container Terminal (ACT) held a free medical day, targeting less fortunate communities in the Qatar and Rahmeh villages of Aqaba on May 5th, 2014.

His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs
05:25 GMT

His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs, said that the emirate of Dubai has become in record time one of the fastest growing cities in the world because of its long standing commitment to innovation.

Inflation in April stood stubbornly above the central bank's forecast for the end of the year and weighing against the likelihood of significant interest rate cuts in the near term.
03:55 GMT

Turkey's growth in the past decade has in part been based on political stability.

May 5, 2014

Instead, a press statement by the ministry said it was taking all preventive measures to raise the level of bio-security in the country and safeguard public health.
23:46 GMT

Some newspapers and websites in the UAE on Sunday reported that the ministry has put a temporary ban on the import of live camels as a precautionary measure to prevent the outbreak of any contagious disease.

Dubai Chamber of Commerce and Industry
10:15 GMT

The UAE travel and tourism sector is expected to create 245,000 jobs directly by 2023, registering an annual growth rate of 4.1%, according to the latest research analysis released by Dubai Chamber.

Bahrain touts one of the lowest unemployment rates in the Gulf (File Archive)
07:56 GMT

Bahrain's unemployment now stands at a mere 4 percent.