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With its 20th anniversary, shoppers are being offered great deals, discounts and ‘A Million Reasons to Shop’ during the 32-day fete.
With its 20th anniversary, shoppers are being offered great deals, discounts and ‘A Million Reasons to Shop’ during the 32-day fete.

December 15, 2014

“We have a real problem with growth. There has been a real slowdown in the economy."
04:55 GMT

"It is a strategic threat to the country; not only poverty, but also wage gaps."

December 14, 2014

More than a million claimants have been paid and nearly all the $52.4-billion reparations bill has been met.
05:55 GMT

Iraq is seeking to postpone a final $4.6 billion installment of reparations for its 1990-91 occupation of Kuwait,

Corruption has a negative impact on development, creating obstacles to growth and causing particular harm to the poorest.
05:55 GMT

In 19% of cases, civil servants caught accepting bribes were left uninvestigated, with another 41 % of investigations opened but not concluded, according to a World Bank statement issued Friday.

The 1.85 million euro EU-funded project aimed at enhancing Lebanon’s tax collection process both quantitatively and qualitatively.
04:55 GMT

The European Union announced Friday the completion of a project to modernize Lebanon’s tax administration after nearly two years of cooperation between the French and Lebanese Finance departments.

December 12, 2014

Strong economic growth across the region has also led to an increase in demand for human resources professionals
20:06 GMT

Average salaries in the UAE for professional roles rose by just two per cent over the last 12 months.

December 11, 2014

The Ministry of Labor has taken penal action against as many as 707 companies and establishments, which failed to implement a mandatory Wage Protection Program.
16:28 GMT

Abdullah Abu Thunain, deputy minister for inspection and work environment development, said that the punitive measures were taken following raids carried out by inspectors

Bayoumi said that Egypt and the EU have implicitly agreed to resume the technical committees of the partnership’s work.
10:30 GMT

The European Union (EU) proposed a new trade agreement for countries participating in partnership agreements with Europe last week.

Ahmed Mahboob Musabih addressing the Indian business community in Dubai at the meeting
05:43 GMT

His Excellency Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation and His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs, attended a meeting for the Indian business community in Dubai.

In its World Economic Outlook report in October, the IMF estimated Iraq's gross domestic product would shrink 2.7 percent this year.
04:55 GMT

The International Monetary Fund on Tuesday said Iraq's oil-dependent economy was expected to contract much less than previously thought this year due to rising oil production.

December 10, 2014

"The weaker the family, the more members in a family, the greater the savings will be," he said.
20:13 GMT

That is higher than a poll conducted before the last election in January 2013, when 43 per cent cited economic issues and the cost of living as the biggest concern.

His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince and Chairman of the Executive Council of the Emirate of Dubai,
10:10 GMT

The Department of Economic Development (DED) in Dubai along with the Department of Economic Development in Abu Dhabi will host the ‘UAE Economic Outlook 2015’ forum at the Armani Hotel Dubai 16-17.

“This represent about 30 percent of the country’s gross domestic product,” the study said.
05:55 GMT

The Shoura Council is currently debating a new law to fight tasattur or illegal business activities conducted by expatriates in the name of Saudis.

During the event
04:40 GMT

Dubai Chamber of Commerce and Industry, in partnership with LexisNexis, organised a half-day seminar on the UAE’s Civil Transactions Law at its head office recently.

December 8, 2014

Yousuf Ozair Mubarak, director of the IPR Department at Dubai Customs
11:44 GMT

Dubai Customs has launched the 8th edition of its IPR Awards for the year 2014-2015.

 "Israel is of course exceptional, because it had no severe economic crisis, because you listened to Stanley Fischer's advice," he said
05:55 GMT

Dr. Jason Furman, chairman of US President Barack Obama's Council of Economic Advisers, estimates that Israel will overtake the US in inequality.