Economy & Trade

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The downturn was mainly due to a 1.8 per cent drop in oil-related GDP as growth in the non-hydrocarbon sector accelerated to 2.8 per cent, the report showed.
Plans for subsidy cuts have received little publicity in the Kuwaiti media, perhaps because of their political sensitivity.

May 11, 2014

Lebanon’s primary budget turned negative in 2012 and deteriorated further in 2013 to 141 percent of GDP as the government came under pressure to spend and economic activity dropped, the IMF report said.
06:00 GMT

Political jockeying and sectarian tensions have slowed or stalled action needed to tackle Lebanon’s financial problems.

May 8, 2014

Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.
05:13 GMT

The energy-rich Gulf states agreed on Wednesday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance minister said.

May 7, 2014

During the event
09:29 GMT

Dubai Chamber of Commerce and Industry recently organised a workshop on how to prepare successful contracts, as part of its efforts to support the business community in Dubai.

DP World, UAE Region Chief Commercial Officer Dirk Van Den Bosch and Director of Mina Rashid Mohammed Al Mannaei receiving Mina Rashid’s 7th successive WTA Middle East’s Leading Cruise Port from Graham Cooke, President & Founder, World Travel Awards
06:24 GMT

DP World’s Mina Rashid has continued its winning streak at the coveted World Travel Awards – this time voted the Middle East’s Leading Cruise Port for the seventh consecutive year.

Mr. Khalil Saqer, Director of Corporate Communication Department, Dubai Customs
05:25 GMT

Dubai Customs is keen to support and strengthen ties and relations with strategic government partners in order to continuously develop relationships and exchange expertise across government organizations to enhance competitiveness regionally and internationally.

May 6, 2014

During the event
09:55 GMT
(press release)

Aqaba Container Terminal (ACT) held a free medical day, targeting less fortunate communities in the Qatar and Rahmeh villages of Aqaba on May 5th, 2014.

His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs
05:25 GMT

His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs, said that the emirate of Dubai has become in record time one of the fastest growing cities in the world because of its long standing commitment to innovation.

Inflation in April stood stubbornly above the central bank's forecast for the end of the year and weighing against the likelihood of significant interest rate cuts in the near term.
03:55 GMT

Turkey's growth in the past decade has in part been based on political stability.

May 5, 2014

Instead, a press statement by the ministry said it was taking all preventive measures to raise the level of bio-security in the country and safeguard public health.
23:46 GMT

Some newspapers and websites in the UAE on Sunday reported that the ministry has put a temporary ban on the import of live camels as a precautionary measure to prevent the outbreak of any contagious disease.

Dubai Chamber of Commerce and Industry
10:15 GMT

The UAE travel and tourism sector is expected to create 245,000 jobs directly by 2023, registering an annual growth rate of 4.1%, according to the latest research analysis released by Dubai Chamber.

Bahrain touts one of the lowest unemployment rates in the Gulf (File Archive)
07:56 GMT

Bahrain's unemployment now stands at a mere 4 percent.

Mohammed Matar Al Marri receives Dubai Customs HR delegation
05:25 GMT

A delegation from the DC Human Resources Department recently paid a visit to the National Human Resources Development and Employment Authority (Tanmia).

The Iranian government has decided to increase the number of its commercial attachés overseas to 30 from 11, the TPOI director for marketing, Mir Aboutaleb Badri, stated.
03:55 GMT

Five out of the new attachés will be dispatched to Germany, Italy, Serbia, Spain and Switzerland in a bid to boost trade and economic relations with Europe, the official added.

May 4, 2014

During the visit
11:30 GMT

DP World Chairman HE Sultan Ahmed bin Sulayem has met with Algeria’s Minister of Transport HE Amar Ghoul to discuss DP World’s successful continued investment in Algeria.

15 countries exported $1,121 billion worth of food, holding an 81.5 per cent share of the world’s exports in 2012
10:13 GMT

THE UAE’s imports of food worth $16 billion in 2012 has made it the 15th biggest food importer, according to the World Trade Organisation.