Economy & Trade

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The issue of Saudi's SMEs has been debated over the last few years (File/AFP)
April 17, 2014 - 17:39 GMT
Small and medium enterprises (SMEs) are set to contribute 37 percent to Saudi Arabia's GDP but should the Kingdom look elsewhere for investment?

April 6, 2014

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.

April 2, 2014

Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, and Director, Human Resources, Masoud Al Noori presenting a certificate and award to a ‘Taqdeer’ winner
12:37 GMT

For the 5th consecutive year, DP World, UAE Region has recognised the achievements of its employees at the annual “Taqdeer” Awards ceremony hosted by the premier regional port operator.

Compared to 2013, Dubai traders’ expectations grew 0.5 points in 2014 from 6.0 points
11:29 GMT

Dubai commercial traders’ expectations about the market rose to 6.5 points on a scale of one to 10 in 2014 showing positive outlook for the year ahead.

April 1, 2014

DP World
05:43 GMT

DP World’s global network of more than 65 marine terminals joined thousands of businesses and millions of people across the globe in reducing resource consumption for Earth Hour.

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.