Economy & Trade

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The Saudi government is aiming to invest long-term in the country's health infrastructure (File/AFP)
April 22, 2014 - 13:48 GMT
Huge potential: The Kingdom's health insurance market could be the biggest in the region according to a medical insurance health insurance expert.

December 15, 2013

Further population growth in the UAE is expected to increase remittances from the UAE by 7 to 8 per cent over the next two years
11:04 GMT

Dubai’s hosting of the World Expo will be a major catalyst for the remittance market, as it will attract more expatriates into the country and drive the GDP.

The richest Arab businesspeople also include Saudi Prince Alwaleed Bin Talal, who came in first place in the region and 26th worldwide with a fortune estimated at $20 billion.
03:55 GMT

His company had sales of more than $11 billion during the year.

December 14, 2013

Saudis pin great hopes on the new fiscal budget for 2014, which is expected to be announced next week. They are optimistic the new budget would make allocations for more welfare projects across the country.
22:56 GMT

Speaking to Arab News, economist Ihsan Buhulaiga, a former Shoura member, stressed that the 2014 budget should focus on strengthening the private sector to play a greater role in accelerating growth.

December 12, 2013

UAE's Foreign Minister is currently in India to enhance the two countries' economic relationship (Courtesy of Gulf News)
13:37 GMT

UAE is exploring ways to enhance its economic relationship with India, according to the UAE's foreign minister.

December 11, 2013

The initiatives are: Setting up of a Higher Workforce Authority to effectively implement the Saudization drive, making available more government schemes, and the launching of a national program to improve workplace environment.
21:17 GMT

On the second day of the Riyadh Economic Forum (REF) on Tuesday, three major initiatives were proposed to make the Saudization drive a great success as well as to overcome the hurdles in this regard.

Over the last two years, £85 million (more than LE850m) of assets belonging to toppled president Hosni Mubarak, his wife, two sons, their wives and 13 other former Egyptian ministers, businessmen and their wives have been frozen in the UK.
13:07 GMT

UK officials warn it is not a straight forward process and the repatriation of the stolen monies could take years.

Rami Rabia, Exporter Relations Manager in Dubai Exports
08:32 GMT

Dubai Exports has announced the launch of a new networking platform that enables export-oriented companies to gain valuable information and referrals leading to new contracts and customers in overseas markets.

In comparison with Central and South America, Dubai’s trade with the Pacific Alliance countries is significant. (Image credit: Huffington Post)
08:00 GMT

The Pacific Alliance, a new Latin American economic bloc that accounts for 26 per cent of Dubai’s overall trade with the region, made its Gulf debut with an official launch in Dubai on Tuesday.

Ahmed Butti receives the award from Khalil Saqer
04:47 GMT

Dubai Customs won the "New Market Solution Award" for the applications that were developed and employed during the WCO IT Conference and Exhibition.

December 10, 2013

Urban consumer inflation stood at 10.4 percent in October and at 4.25 percent in November 2012.
16:39 GMT

Egypt’s annual urban consumer inflation rose to 13 percent in November

During the event
09:39 GMT

Under the patronage of the Department of Economic Development and Dubai FDI have officially launched ‘The Pacific Alliance’.

December 9, 2013

Ahmed Butti Ahmed during his meeting with the Chinese Consul General in Dubai
11:03 GMT

His Excellency Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation, and Director General of Dubai Customs, received H.E Tang Weibin, Chinese Consul General in Dubai.

Riyadh Gov. Prince Khaled bin Bandar will open the forum Monday evening (Courtesy of the Government of Saudi Arabia)
07:00 GMT

The sixth edition of the Riyadh Economic Forum will commence in KSA's capital Monday evening. The three-day conference will discuss the future of the Saudi Arabian economy and outline strategies to boost the country's development overall.

Non-oil trade is vital to the long term strength of the UAE economy. (Image credit: Shutterstock)
05:09 GMT

Dubai’s non-oil foreign crossed the Dh1 trillion (USD $272 billion) threshold during the first nine months in 2013

December 8, 2013

Kuwait's National Bank says the country's inflation rate will reach 2.6 percent by the end of the year (Shutterstock)
11:31 GMT

Kuwait's inflation reached a nine-year low in October at a modest 2.7 percent, despite excessive consumer spending in recent months.