Economy & Trade

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Saudi Arabia, as the world’s largest exporter of oil and the largest economy in the Arab world, has systemic importance to the world economy and the international financial markets.
January 28, 2015 - 14:02 GMT
Late King Abdullah bin Abdulaziz, the sixth king of Saudi Arabia, had a profound impact on the Saudi economy and oil policy.

September 19, 2012

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.

During the meeting
05:21 GMT

DP World signed agreements with local and international companies for the supply of 19 Ship To Shore quay cranes and 50 Rail Mounted Gantry cranes for its 4 million TEU capacity Terminal 3 development.

September 18, 2012

Key talks that could secure the Egyptian economy $1billion in aid have broken down over the 'half-hearted' response to protests at the US embassy
14:53 GMT

Egyptian-American talks about a proposed $1 billion in economic relief have been frozen as a result of Egypt's half-hearted response to the attacks on US embassy in Cairo last week.

Omani Free Zone's exports increasing
12:27 GMT

The total value of exports from Al Mazunah Free Zone exceeded $11 million during the first half of the current calendar, with September seeing significant export movement to Yemen

Jordan's exports to GAFTA have decreased, owing to the value of exports
12:01 GMT

Jordan's national exports for the Great Arab Free Trade Area (GAFTA) have dropped by 6 percent during the first 7 months of this year affected by the value of exports to Iraq, Syria and Lebanon, official figures showed.

Al Nasar Dubai Muncipality
11:27 GMT
(press release)

The Community Development Authority has launched a two-week awareness campaign under the theme Without humanity there can be no humankind, from 17th - 30th September 2012.

Mohammed Bushanain, Executive Director, Corporate Quality & Management Excellence and the Business Excellence Department of DED
11:12 GMT

The Business Excellence Department at the Dubai Department of Economic Development, DED, has developed an online solution to improve the speed and efficiency of the Mystery Shopper programme.

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.