Economy & Trade

Featured Story:

Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
January 29, 2015 - 16:35 GMT
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.

October 16, 2012

Dubai Chamber
10:16 GMT

Dubai Chamber of Commerce and Industry has become the first organisation in the Middle East to transform its business processes with the new system.

Dubai Multi Commodities Centre
08:50 GMT
(press release)

The Dubai Multi Commodities Centre hosted a seminar at the Dubai Diamond Exchange to further promote industry awareness of synthetic diamonds.

Mohammed Sharaf, Group Chief Executive Officer, DP World; Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region; and Abdulla Bin Damithan, Director – Account Management, presenting care packs to the patients at Rashid Hospital
05:56 GMT

Long-term patients at Dubai’s Rashid Hospital who lack income, family support, or the means to return to their home countries were the focus of the seventh of DP World’s staff-driven community activities.

October 15, 2012

Alvin Roth and Lloyd Shapley have been awarded the 2012 Nobel Prize for Economics
13:45 GMT

The Nobel Prize for Economics has been awarded to Alvin Roth and Lloyd Shapley for their work on "theory of stable allocations and practice of market design".

Kuwait is funding bing investment projects in Bahrain
12:46 GMT

Kuwait has offered to fund several key infrastructure development projects in the Bahraini Kingdom, in a deal expected to be worth $273 million.

Dubai eGovernment stand at GITEX 2012
11:17 GMT
(press release)

Dubai eGovernment has recently announced the launch of two new mobile applications to facilitate real-time ePayment services and allow easy access to all services provided by the Government of Dubai.

Dubai Chamber booth at GITEX 2012
09:35 GMT

Dubai Chamber of Commerce and Industry will showcase its e-services at GITEX Technology Week taking place this week at the Dubai International Convention and Exhibition Centre.

GDP in Abu Dhabi is growing, fuelled by the hydrocarbon industry
09:10 GMT

Growth in GDP in Abu Dhabi is better than expected, with a current rate at around three percent fuelled by the hydrocarbon sector.

The cost of living in Qatar is on the rise
08:50 GMT

The cost of living in Qatar is on the rise as the Consumer Price Index notched a two per cent year-on-year, reflected by the increased cost of food in the gulf state.

October 14, 2012

Saudi shares crash to 11 week low
13:58 GMT

Share prices in Saudi Arabia closed down 1.68 percent to an 11-week low yesterday as the market reacted to last week’s lackluster banking results, weak stocks and a dip in energy prices. The fall to 6,682 points leaves the index at its lowest mark since July 25, Reuters reported.

Iran is trying to increase non-oil exports
13:29 GMT

Iran is increasing non-oil exports in an effort to deal with a currency crisis and the effects of sanctions imposed because of its alleged nuclear ambitions. The Deputy head of Iran's Trade Promotion Organisation has said that that the sanctions "provide a special opportunity"

Yemen to get support from the World Bank at the local and central government levels
12:52 GMT

The World Bank has offered technical and advisory support at both the local and central government levels, it has been announced.

HE Hamad Buamim-DG-Dubai Chamber & HE Omar Bahlaiwa- Secretary General of the Council of Saudi Chambers
10:09 GMT

Dubai Chamber of Commerce and Industry hosted a delegation led by the Council of Saudi Chambers at its head office recently.

Trade between the UAE and Japan increased 15 per cent in the first six months of 2012
09:25 GMT

Trade between the United Arab Emirate and Japan has increased 15 per ent year on year, in the first six months of this year, new figures show.

Community Development Authority
06:51 GMT
(press release)

The Community Development Authority (CDA) in Dubai is participating in GITEX 2012, the premier technology exhibition and conference in the Middle East, under the Dubai e-Government umbrella.