Economy & Trade

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Despite finding success in the South American country, Lebanese-Brazilian industrialists interviewed by The Daily Star say doing business in Brazil has its own challenges.
It is a story repeated across Brazil, reportedly home to nearly 7 million people of Lebanese descent.

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.

The programme aims to offer an environment that gives a sense of normality, purpose and hope to vulnerable youths who are forced to live in refugee camps, the statement said.
06:44 GMT

The programme includes several training disciplines, including tailoring, electrical wiring, IT and business skills, as well as supporting classes in Arabic, mathematics and life skills.

March 30, 2014

Tourism receipts plummeted 65 percent, depicting a $2 billion drop in revenues in the first quarter of the current financial year in comparison to the prior year.
22:19 GMT

Despite falling tourism revenues, the current account was able to achieve a surplus due to grants received from Gulf states in the three months following the removal of Muslim Brotherhood president Mohamed Morsi.

During the event
12:25 GMT

The Dubai Chamber of Commerce and Industry presented an insight into business opportunities arising from Dubai Expo 2020 and the Capital of Islamic Economy initiative.

What will the future hold for a post-sanction Iranian economy? (Image: Innoverto)
10:49 GMT

Companies around the world are eager to find out what the temporary relaxation of sanctions, in addition to the future expected lifting of sanctions, could mean for accessing the Iranian market.

During the meeting
07:16 GMT

The unified IPR protection work team held its first session in 2014.

“Either this target is not realistic or new quantum leaps will have to be made to reach it,” Arıtak said.
04:26 GMT

Ambitious economic goals, like making Turkey one of the world's 10 largest economies are now less likely than ever before, according to market analysts.

March 27, 2014

During the event
11:11 GMT

Private and government organizations were honored for their joint cooperation and exchange of expertise by Dubai Police at a ceremony held on March 26, 2014, at the Intercontinental, Dubai Festival City.

According to the statement, the budget deficit rose LL444 billion at the end of last year
07:55 GMT

Lebanon’s budget deficit in 2013 rose slightly to 30.94 percent (or $4.2 billion) of spending compared to 29.47 percent (or $3.9 billion) in 2012.

Around 91 per cent of UAE residents strongly believe that the upcoming Expo 2020 in Dubai will push up the cost of living across the country, according to a new survey by Insight Discovery.
23:53 GMT

Out of 1000 residents polled, around 16 per cent of the respondents said they doubted if the event would deliver any benefits once it is over.

March 26, 2014

The total value of exports last year touched RO21.7bn, compared with RO20.05bn in 2012
08:55 GMT

The total value of exports from the sultanate increased by 8.2 per cent in 2013 from a year ago, according to recent statistics issued by the National Center for Statistics and Information (NCSI).

AFESD’s second agreement will contribute $162m to the Egyptian-Saudi electricity linkage project.
03:55 GMT

According to the cabinet’s Monday statement, the project is part of a larger electricity linkage system between Egypt and Gulf countries.

March 25, 2014

Arab foreign ministers on Sunday approved a draft resolution that paves the way for Egypt to host the Arab summit next year, and referred it to the Arab leaders for final endorsement.
22:20 GMT

The GCC rift, sparked after Manama, Riyadh and Abu Dhabi withdrew their ambassadors in Doha to protest against Qatar non-compliance with pan-Gulf agreements, has proved too formidable to be addressed at the summit.

Abdulaziz Alhajri, CEO of Abu Dhabi Polymers Company, Borouge, and Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, signing the contract at Borouge’s offices in Abu Dhabi
09:58 GMT

DP World and Borouge signed a contract through which DP World will support the distribution of Borouge’s products as one of Borouge’s several gateways to export its products to its customers in the UAE and around the world.

China's exports and imports to and from Sudan, which totaled $11.5 billion in 2011, amounted to just $3.3 billion in the January-November period of 2012
09:55 GMT

The Sudanese ministry of finance of Sudan signed a number of agreements China in the fields of launching new oil exploration efforts, development projects in addition to the approval of additional loans.