Economy & Trade

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Countries in the GCC have a huge density of wealthy residents
June 16, 2013 - 12:41 GMT
It’s not only the average-income consumers who have to grapple with inflation. Those with deeper pockets now have to spend more this year to continue living a life of luxury, a new research has found.

June 5, 2013

Belaid Rettab, Dubai Chamber
09:56 GMT

The Dubai Chamber of Commerce and Industry’s Centre for Responsible Business organized an event to launch the Sustainability Network Task Groups for 2013.

The Boston Consulting Group
06:00 GMT

Private financial wealth in the Middle East and Africa (MEA) is poised to grow 35 per cent to $6.5 trillion by 2017 driven by new wealth creation linked to strong economic expansion.

June 4, 2013

Trade between the two countries has consistently increased over the last few years
13:28 GMT

Dubai Airport Freezone (DAFZA) recently hosted two seminars in Rome and Milan to boost the United Arab Emirates’ economic ties with Italy.

Mr Ahmed Abdulla bin Lahej, Director of Jebel Ali Customs Centres Department
11:41 GMT

Dubai Customs has succeeded in efficiently encountering attempts to smuggle red sandalwood, listed as an endangered species and prohibited to trade in under the CITES International Convention and local legislations.

During the visit
10:57 GMT

H.E. Majed Ali Al Mansouri the chairman of the Department of Municipal Affairs (DMA) had received a delegation from the United Nations Human Settlements Program.

June 3, 2013

Abdul Baset Al Janahi, Chief Executive Officer of Dubai SME
11:28 GMT

Dubai SME has launched the 8th cycle of the ‘Mohammed Bin Rashid Award for Young Business Leaders’ (YBL).

June 2, 2013

Egypt has run through more than $20 billion in reserves
10:22 GMT

Egypt has converted $2.5 billion that Qatar lent it in December into 18-month notes and is working to convert another $3 billion lent this month into three-year bonds, Egypt's central bank governor was quoted on Thursday as saying.

US shale oil production has added 850,000 barrels per day to its current production levels
10:08 GMT

Saudi Arabia exported nearly 1.06 billion barrels of oil in the first five months of the current year that yielded SR 428.6 billion, an economic expert was quoted by the local media.

Public Services
10:00 GMT

Department of Economic Development has unveiled a first-of-its-kind smart phone application for business registration and licensing in line with the Mobile Governmentز

During the workshop
07:09 GMT

DMA held a workshop with the contractors in the Emirate of Abu Dhabi highlighting the Classification system and the requirements to comply with the new system.

Adnan Sharafi, Emirates Green Building Council Chairman
07:02 GMT
(press release)

Emirates Green Building Council has announced the inaugural EGBC Awards to honour excellence in sustainable built environments.

May 30, 2013

Qatar’s trade surplus rises 7.9% in Q1
14:00 GMT

Qatar's foreign merchandise trade balance has showed a surplus of QR107 billion in the first quarter of 2013, according to QSA’s preliminary report of exports and imports for the first quarter of 2013.

Both sides agreed on the need to ease Schengen visa procedures for UAE
05:30 GMT

UAE-Spanish trade increased by 75 per cent from 1 billion euros in 2009 to 1.75 billion euros by end of 2012, Minister of Economy Sultan Bin Saeed Al Mansouri said on Wednesday at the Second UAE-Spain Joint Economic Committee which was held in Abu Dhabi.

A team of Freezone Sohar officials visited India recently
05:00 GMT

With Indian companies and investors continuing to evince interest in Freezone Sohar, the economic hub is aiming to double investment from India to US$250mn in the coming two years from the present US$125mn.

May 29, 2013

Standard & Poor's Ratings Services
14:00 GMT

Standard & Poor's Ratings Services has revised the outlook on the long-term sovereign credit ratings on the Kingdom of Saudi Arabia to positive, from stable.