Economy & Trade

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DP World is a global marine terminal operator with around 65 locations across six continents (Image: File)
Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like basis.

April 8, 2014

Dubai Customs
05:55 GMT

Dubai Customs takes part in the Dubai Government Achievements Exhibition, where it showcases six projects.

April 7, 2014

Ghassan Oweidat, the first investigative judge of Beirut, ordered the arrest of Abu Hamzeh, the former head of the board of trustees of Safa and one-time Jumblatt aide, after questioning him.
19:10 GMT

The sources said Abu Hamzeh, husband of famed TV presenter Mona Abu Hamzeh, could remain in custody up to two months before his lawyers can get an order for his release on bail.

During the event
09:54 GMT

As part of its initiative to encourage strong export performance among its members, Dubai Chamber of Commerce and Industry honoured four companies as SME Exporters of the Month.

He added that the ministry would make also smartcards available for the citizens, which would allow them to save points to be used in exchange for other commodities, such as milk, yoghurt, lentils and beans
03:44 GMT

Ministry of Supply provides smart ration cards to citizens to meet their needs of bread and other commodities

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.