Economy & Trade

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Salman’s announcement on Thursday suggested the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
A lavish payout to public employees ordered by Saudi Arabia’s new King Salman will help to sustain the kingdom’s consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.

September 24, 2012

Citing the need to support the Gazan economy, Hamas bans the import of fruit from  Israel
14:41 GMT

The Hamas government has barred much of Gaza's fruit imports from Israel, citing a need to cultivate local Palestinian agriculture.

The Saudi economy grew again in the first quarter of 2012, posting an impressive sixteen per cent rise in GDP in the first quarter
12:49 GMT

Saudi Arabia's Gross Domestic Product grew by sixteen per cent, in the first quater of 2012, according to newly released figures.

Aqaba Container Terminal
10:40 GMT
(press release)

Aqaba Container Terminal held a roundtable event, during which it shared its latest developments regarding the berth expansion project, post Eid operations, and its strategic future plans.

During the event
10:34 GMT

DED in Dubai and MBRF have signed a MoU to launch programmes, initiatives and scientific awareness material on consumer protection for educators and professionals in the knowledge sector.

September 23, 2012

The Egyptian economy is starting to pick up after the Arab Spring
00:08 GMT

International rating agencies have removed Egypt from their monitoring list in a clear sign that the economy is starting to improve after the Arab Spring.

The Lebanese economy struggles against a backdrop of the Syrian conflict and the Eurozone crisis
14:23 GMT

The Lebanese economy is still facing difficulties, ranging from an overspil of the Syrian conflict, through to exposure to the continuing Eurozone crisis, as the population are struggles and relies on remittences from relatives abroad.

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."