Economy & Trade

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“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
January 25, 2015 - 04:55 GMT
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

July 17, 2012

Sudanese pound loses ground against the US dollar
17:25 GMT

The Sudanese pound has continued to decline against the US Dollar as the inflation rate reached over 37% last June, indicating the severe economic situation of the country.

Dubai Customs
11:26 GMT

Dubai Customs announced the official working hours at customs centers during the holy month of Ramadan to ensure clearance of goods whether for individuals or companies at convenient timings.

Dubai Chamber
10:15 GMT

To serve the business community better throughout the Holy Month of Ramadan, the Dubai Chamber of Commerce and Industry has introduced new timings to its head office, branch and representative offices.

July 16, 2012

GCC Money
14:26 GMT

The GCC countries' economy constitutes the equivalent of two per cent of the world's gross domestic product (GDP), according to Al Ahli Bank's economist Dr Saeed Al Shaikh.

Dubai Chamber Ramadan Festival logo
11:37 GMT

Dubai Chamber of Commerce and Industry is organising its second annual Ramadan Festival to honour and celebrate the Holy Month with all members of the community at Dubai World Trade Centre, from July 20 to August 20.

Africa Big Seven 2012 exhibition
09:53 GMT

His Excellency Hamad Hareb Al Habssi, UAE Ambassador to the Republic of South Africa, inaugurated the UAE pavilion at the Africa Big Seven 2012 exhibition.

Dubai Trade
07:47 GMT

A total of one billion dirhams have been collected and more than one million transactions from the trading community have been conducted via Rosoom, the electronic payment gateway of Dubai Trade.

July 15, 2012

Dubai Gold & Commodities Exchange
10:05 GMT
(press release)

Dubai Gold and Commodities Exchange (DGCX) has been named the ‘Best Global Commodities Exchange’ by the Global Banking & Finance Review.

Aqaba Container Terminal
07:44 GMT
(press release)

Aqaba Container Terminal held a press conference to announce its operational statistics for the first half of 2012, reporting notable improvements in container traffic through the terminal.

July 12, 2012

During the meeting
10:39 GMT

The Dubai Chamber of Commerce and Industry hosted a delegation from Ras Al Khaimah Chamber of Commerce headed by Mr. Naser Ahmad Salmeen, Director General, at its head office in Dubai recently.

July 11, 2012

The Finance Ministry building is seen in Beirut, Lebanon.
12:26 GMT

The Cabinet is edging closer to endorsing an amended 2012 draft budget after a constructive debate among the ministers.

Saudi inflation eases to 4.9% in June
11:20 GMT

Saudi Arabia's annual inflation eased to 4.9 percent in June, its lowest level since September 2011, despite a big rise in housing prices, an official statement said yesterday.

July 10, 2012

14:03 GMT

A total of four initial public offerings (IPOs) raised more than $1 billion on the GCC stock exchanges during the second quarter of this year compared to three IPOs which raised $340 million in the same period last year, a report said.

Bread shortages hit Sudan as president annuls decision to lift wheat subsidies
12:06 GMT

Various parts of Sudan’s capital Khartoum and other regional towns are beginning to witness shortages of bread coupled with exorbitant price increases, in the latest manifestation of a growing economic crisis.

Taxi drivers say their operating costs have gone up by more than JD3 a day since the government raised gas prices last month
08:11 GMT

The Transport Services and Taxi Owners Union on Sunday urged the government to give taxis and service taxis gasoline to compensate for a recent rise in fuel prices, after authorities said they would not raise fares.