Economy & Trade

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“This is the last major opportunity out there in the world that can suddenly become accessible, almost overnight,” he says.
August 20, 2014 - 04:55 GMT
“All the five-star hotels are full of Western companies looking to position themselves to do business."

March 27, 2014

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.

March 24, 2014

Mohammed Hilal Al Murooshdi, Chief Executive Officer of the Internal Audit sector, DED
12:44 GMT

The Department of Economic Development in Dubai has published a booklet on Risk Management to create awareness among employees of the various business units and agencies within DED.

The seized opium
12:00 GMT

Dubai Customs inspectors at Dubai Cargo Village have halted an attempt to smuggle 3.6 kg of opium, concealed in a shipment coming from an Asian country and heading to a European airport.

The annual growth rate shrunk by 0.8 percent compared to the same period of the last fiscal year
08:55 GMT

Egypt’s economic growth rate increased by 0.4 percent in the second quarter of the current fiscal year 2013/14 compared to the previous quarter, to reach 1.4 percent.

The minister added that the meeting will tackle the possibility of signing long-term contracts regarding the supply of Russian wheat to Egypt.
23:36 GMT

The minister added that the meeting will tackle the possibility of signing long-term contracts regarding the supply of Russian wheat to Egypt.

March 23, 2014

During the event
06:06 GMT

The best employees in the Dubai Service Excellence Scheme who have been consistently providing excellent service across all DED offices in Dubai, were honoured by the Corporate Quality & Management Excellence Division.

March 20, 2014

Dubai launched its first entrepreneurship academy earlier this year to  support the growth of SMEs in the emirate (Courtesy of Gulf Business)
14:00 GMT

Small and Medium Enterprises are expected to grow in the UAE over the next few years.

Between 2011 and 2012, UAE-Mexico bilateral trade increased by 27 per cent from Dh4.1 billion to Dh5.2 billion
08:55 GMT

The Mexican government is looking to strengthen cooperation and explore joint investment opportunities with the UAE.

His Excellency Sami Al Qamzi, Director General of DED
05:57 GMT
(press release)

The Department of Economic Development (DED), Government of Dubai has commissioned a project to assess the feasibility and subsequent establishment of an Exim Bank.