Economy & Trade

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The UAE has emerged as one of the world's leading economies (File/AFP)
The UAE is jumping the ranks and emerged as the seventh most competitive economy in the world within the short space of a year.

July 15, 2012

Aqaba Container Terminal
07:44 GMT
(press release)

Aqaba Container Terminal held a press conference to announce its operational statistics for the first half of 2012, reporting notable improvements in container traffic through the terminal.

July 12, 2012

During the meeting
10:39 GMT

The Dubai Chamber of Commerce and Industry hosted a delegation from Ras Al Khaimah Chamber of Commerce headed by Mr. Naser Ahmad Salmeen, Director General, at its head office in Dubai recently.

July 11, 2012

The Finance Ministry building is seen in Beirut, Lebanon.
12:26 GMT

The Cabinet is edging closer to endorsing an amended 2012 draft budget after a constructive debate among the ministers.

Saudi inflation eases to 4.9% in June
11:20 GMT

Saudi Arabia's annual inflation eased to 4.9 percent in June, its lowest level since September 2011, despite a big rise in housing prices, an official statement said yesterday.

July 10, 2012

14:03 GMT

A total of four initial public offerings (IPOs) raised more than $1 billion on the GCC stock exchanges during the second quarter of this year compared to three IPOs which raised $340 million in the same period last year, a report said.

Bread shortages hit Sudan as president annuls decision to lift wheat subsidies
12:06 GMT

Various parts of Sudan’s capital Khartoum and other regional towns are beginning to witness shortages of bread coupled with exorbitant price increases, in the latest manifestation of a growing economic crisis.

Taxi drivers say their operating costs have gone up by more than JD3 a day since the government raised gas prices last month
08:11 GMT

The Transport Services and Taxi Owners Union on Sunday urged the government to give taxis and service taxis gasoline to compensate for a recent rise in fuel prices, after authorities said they would not raise fares.

July 9, 2012

Standard and Poor's
13:51 GMT

A new Sharia-compliant index has been launched by ratings agency Standard and Poor's (S&P) in partnership with the Organisation of Islamic Co-operation (OIC).

July 8, 2012

Ghanim Al Falasi, DSOA and Meera Kaul, Optimus
13:14 GMT
(press release)

Dubai Silicon Oasis Authority (DSOA) in conjunction with Optimus Technology and Telecommunications announced the inaugural Silicon Oasis TechForum networking event.

Dr. Hassan Fakhro
10:44 GMT

The planned mega Economic Industrial City in Bahrain is expected to bolster Bahrain's Gross Domestic Product (GDP) 20 per cent annually and create about 240,000 jobs.

Dubai Chamber of Commerce and Industry
09:45 GMT

A Dubai traders’ outlook survey for 2012 conducted by Dubai Chamber of Commerce and Industry pointed to an increase in the overall performance of the trading sector in comparison to the year 2011.

During the visit
05:54 GMT
(press release)

A delegation from Dubai Supreme Council of Energy paid a visit to Dubai eGovernment Department headquartered in HH Dubai Ruler’s Court to share strategic experiences.

July 5, 2012

Make tea not war: Jordanian protestors not quite in the Egyptian vein
09:31 GMT

Despite the lack of unrest, the Kingdom is still struggling with rising unemployment.

Iraqi ballot boxes: one way to change the system
08:42 GMT

The regional boss of business title Fortune reckons that while the Arab world may be producing highly talented executives, when it comes to creative thinking, it’s still a small fish in a big pond.

July 4, 2012

Animal Welfare
12:32 GMT

Dubai Customs organized a three days training course about CITES the Convention on International Trade in Endangered Species of Wild Fauna and Flora.