Economy & Trade
July 17, 2012
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 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.
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
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 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.
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.
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 and Commodities Exchange (DGCX) has been named the ‘Best Global Commodities Exchange’ by the Global Banking & Finance Review.
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
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 Cabinet is edging closer to endorsing an amended 2012 draft budget after a constructive debate among the ministers.
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
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.
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.
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.