Economy & Trade

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The EIU predicts China will be the largest export market for the GCC by 2020.
Developing countries in Asia - particularly China and India - are rapidly becoming the biggest trading partners with Gulf Cooperation Council (GCC) countries ahead of other regions

September 23, 2012

Sami Al Qamzi, Director General, DED
06:15 GMT

The Department of Economic Development in Dubai and its agencies Dubai Exports, Dubai SME, Dubai Events and Promotions Establishment and Dubai FDI have fully automated their corporate strategy management processes.

Director General with winners
05:34 GMT

H.E. Hamad Buamim, Director General of Dubai Chamber of Commerce and Industry, outlined the non-profit organisation’s focus for the rest of this year.

September 20, 2012

As trade between the two nations falls dramatically, both nations reaffirm commitments to trade relations, including Iraq using Aqaba port, as Iraq's are overloaded
12:47 GMT

Trade between Jordan and Iraq fell by 27 per cent during the first 6 months of 2012, when compared to the same period last year, but the neighbours reaffirmed commitments in economic and trade relations.

Egyptian markets are finishing the week down, after gains that shrugged of the violent protests in Cairo
12:34 GMT

The financial markers in Egypt are finishing the week down, after gains throughout the week, despite violent protests in central Cairo.

Hamad Buamim, Director General, Dubai Chamber
11:41 GMT

Dubai Chamber of Commerce and Industry’s Centre for Responsible Business, organised a seminar to share with the business community the progress made by the various task groups.

The Tunisian economy is facing increased fragility
10:34 GMT

The Tunisian economy is becoming increasingly fragile, warned the Board of Directors of the Tunisian Industry and Handicrafts Union (UTICA), citing recent events and declining confidence from foreign investors.

Bahrain is 'economically' free , but its population isn't
10:00 GMT

Bahrain is the most economically free in the MENA region, according to an international think tank, but with continued oppression and state-violence against protestors, is this just an economic useful idiot ?

The Saudi King and the Egyptian President have met several times since Morsi's election, as the oil-rich Kingdom offers substantial financial aid packages
09:21 GMT

The oil-rich Saudi Kingdom illustrated it's financial might by supporting post-Arab Spring with financial aid, as other nations in the region also receive substantial packages.

Falko Walde, FNF, Ralf Erbel, FNF, HE Yarub Qudah, JEDCO, Lina Hundaileh, YEA, Ahmad Asfour, YEA
08:38 GMT

“To develop further, Jordan needs small and medium (SMEs) as well as large enterprises. And they need to be active in all of Jordan, not just in Amman."

Lebanon cools on the plan to increase taxes to give public-sector workers a pay rise
08:23 GMT

The government postponed discussions on imposing additional taxes to fund a wage increase for public sector employees after it reached an agreement on a first basket of taxes.

September 19, 2012

After the Arab Spring, the EBRD remains committed to funding the emerging economies, despite the USA's recent reluctance
13:19 GMT

After the violent protests that engulfed the MENA region last week, the USA eased off on commitments to funding in post-Arab Spring democracies, but the European Bank for Reconstruction and Development remains committed and has launched its first invest in emerging Arab democracies.

During the event
11:12 GMT

The Department of Economic Development, DED, in Dubai has announced the launch of the first of its kind ‘Dubai World Conference on Consumer Rights’ and ‘Power Brands’ exhibition.

Lebanon to open up more markets for agricultural exports
11:09 GMT

Lebanon has secured access for apple exports to the Iraqi, Libyan and Egyptian markets, adding that clamping down on pesticide residue and quality packaging were key to opening new markets.

Oman's economy continues to grow
08:00 GMT

Oman's economy is expected to grow by 5 percent this year, while inflation in the small oil exporter should reach 3 percent in 2012.

Oman listed in the top 20 of economic free nations, according to new report
05:21 GMT

Oman has been ranked among the top 20 most economically free countries in world, according to the 2012 Economic Freedom of the World Report released on Tuesday by the Fraser Institute, a leading Canadian public policy think-tank.