Economy & Trade

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The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
July 24, 2014 - 10:22 GMT
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)

April 6, 2014

Gold worth a total of $75 billion was moved through Dubai in 2013.
17:09 GMT

Dubai become the biggest transit city for gold in the world last year.

Dubai World Central Logistics City
11:19 GMT
(press release)

Dubai World Central (DWC), the world’s first purpose-built aerotropolis, has announced the opening of Phase II of Kuehen + Nagel’s state-of-the-art logistics centre at DWC’s Logistics City.

Mohammed Bin Rashid Al Maktoum Business Award 2014
10:44 GMT

The Dubai Chamber of Commerce and Industry is hosting an International Conference on April 15 at Raffles Hotel to announce the 8th cycle of the Mohammed Bin Rashid Al Maktoum Business Award 2014.

The growth in non-oil exports in 2013 was mainly driven by exports to neighbouring countries UAE and Saudi Arabia
09:55 GMT

The sultanate posted total non-oil exports of RO3.8bn in 2013, a growth of nearly six per cent from RO3.59bn in the previous year.

Omani exporters wishing to access EU markets should be aware of the existing special requirements of their trading partners
07:55 GMT

Oman and the European Union (EU) are seeking to boost bilateral trade and investment by providing increased opportunities to the business communities on both sides to trade and exchange information.

The IMF official said growth increased to about 3 per cent in 2013
06:52 GMT

The International Monetary Fund’s (IMF) executive board is expected to approve the disbursement of $264 million to Jordan late this month under a Stand-By Arrangement (SBA).

Samira Abdulrazzak, Director of Client Management Department at Dubai Customs
06:22 GMT

Dubai Customs has managed to step up its customer services in a way that turns its relationship with clients into an integrated, productive partnership.

Mohammed Shaal Al Saadi, Chief Executive Officer of the Business Registration & Licensing (BRL) sector in DED
06:05 GMT

The Department of Economic Development (DED) has announced that the trade license renewal process in Dubai will go ‘smart’ effective 14th of April 2014 in line with the Dubai Smart Government initiative.

April 4, 2014

According to SFD sources, around 50 companies were referred to the Public Prosecution last year. Altogether 84 cases were registered during the same time.
08:41 GMT

Prison sentences for periods ranging between one and three years have been handed down to more than 40 people, including expatriates and nationals, for visa trading

April 3, 2014

During the event
09:17 GMT

The Dubai Chamber of Commerce and Industry in association with DLA Piper Middle East LLP organised, “Practical Aspects of Share Purchase Agreement” workshop at the Chamber premises recently.

“There are few risks and big profits in Turkey. It is an ideal country” for investments, Gul told a Kuwaiti-Turkish business forum in Kuwait City.
07:50 GMT

“Very little investments come from GCC states… You invest your money in Europe and Europe invests in Turkey,” said Gul.

April 2, 2014

Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, and Director, Human Resources, Masoud Al Noori presenting a certificate and award to a ‘Taqdeer’ winner
12:37 GMT

For the 5th consecutive year, DP World, UAE Region has recognised the achievements of its employees at the annual “Taqdeer” Awards ceremony hosted by the premier regional port operator.

Compared to 2013, Dubai traders’ expectations grew 0.5 points in 2014 from 6.0 points
11:29 GMT

Dubai commercial traders’ expectations about the market rose to 6.5 points on a scale of one to 10 in 2014 showing positive outlook for the year ahead.

April 1, 2014

DP World
05:43 GMT

DP World’s global network of more than 65 marine terminals joined thousands of businesses and millions of people across the globe in reducing resource consumption for Earth Hour.

March 31, 2014

During the event
10:52 GMT

The Dubai Chamber of Commerce and Industry honoured 12 major organisations for their efforts to lead by example in corporate social responsibility and sustainability.