Economy & Trade

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Many countries have also showed willingness to sign contracts with Egypt to assist in solving the energy shortage crisis.
Following the ouster of former president Mohamed Morsi, Gulf countries and international financial institutions have pledged assistance to Egypt’s ailing economy.

September 18, 2012

During the meeting
08:45 GMT

To improve the skills of the municipal system employees, the directors of the training departments held the closing session of meetings for the Unification of procedures and policies of the training departments.

Tourism is helping to revive the Tunisian economy, but reform is needed, says World Bank
08:43 GMT

The Tunisian economy has recently posted improved indicators in several areas of the economy, although the World Bank has suggested that the situation could be better if reforms are carried out

New taxes to fund a pay rise for Lebanese Government and MPs, although Prime Minister Najib Mikati could attempt to delay the increase
08:18 GMT

The Cabinet agreed Monday to slap taxes on profits from real estate, lottery wins and investment licenses to partially fund the new salary scale.

September 17, 2012

Education and transport workers took industrial action on Sunday over pay and reforms
14:12 GMT

The beginning of the new academic year in Egypt was disrupted by strikes by two different sets of workers. Workers with the Cairo Transportation authority and the education sector employees took industrial action over pay and administrative reform.

Lebanon could enter recession in the third quarter of 2012
08:16 GMT

Lebanon will enter recession in the third quarter of this year, if analysts are proved correct. Citing the Syrian conflict for a stagnating economy, the Institute of International Finance says that the economy is likely to contract by a further 0.5% in the third quarter, after a 0.3% contraction in the second.

September 16, 2012

During the seminar
11:15 GMT

The Dubai Chamber of Commerce and Industry, in association with the Singapore Mediation Centre, organised a seminar entitled "Mediation: An Effective Tool for Settling Commercial Disputes".

Saudi Arabia
09:53 GMT

Saudi's leading indicator purchasing manager's index (PMI) which measures manufacturing and services sectors' performance rose to 58.3 points in August 2012 from 58.1 points in July 2012.

September 13, 2012

During the seminar
10:45 GMT

The Dubai Chamber of Commerce and Industry, in association with the Hong Kong Trade Development Council and support of HSBC, organised a seminar entitled, “Hong Kong – Your Gateway to China”.

Lebanese Prime Minister Najib Mikati may defer pay increase for senior officials
09:49 GMT

The Lebanese Prime Minister, Najib Mikati, will suggest that planned pay increases for senior officials will be reconsidered after a series of protests, including strikes by government-baked industries.

During the event
09:41 GMT

The Dubai Gold & Commodities Exchange announced the signing of a Memorandum of Understanding with Dalian Commodity Exchange, the first MoU that DCE has signed with an Exchange in the Middle East.

Inflation in the Kingdom is easing, but in some areas it is still too high, causing concern for the government
08:37 GMT

Saudi Arabia's annual inflation eased to 3.8 percent in August, its lowest level since October 2009, although the monthly increase was the fastest in 10 months

Ekfal Taleb Campaign
07:30 GMT
(press release)

ACT launched its “Ekfal Taleb” Campaign, taking yet another step forward in its strive to support members of its local community and especially less fortunate families facing financial challenges.

September 12, 2012

During the visit
11:00 GMT

A delegation from the Municipal System in Abu Dhabi discussed with officials in the Ministry of Land, Transport and Maritime Affairs ways of enhancing relations and cooperation in infrastructure projects.

Dubai Chamber Centre for Responsible Business
10:45 GMT

917 employee volunteers put in 4,300 hours of community work, reveals ENGAGE Dubai’s annual report.

Better trade logistics could save Lebanon $1Billion
08:49 GMT

The cost of trade in Lebanon could be cut drastically by 6 per cent, if the country endorses a program that improves logistics, with savings up to $1billion.