Economy & Trade

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Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
Today
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.

January 18, 2015

Abe said the Middle East is very important to Japan, which provides support to the region’s stability, especially its war against terrorism and extremism.
08:40 GMT

The financial aid will include other sectors such as infrastructure and technology, part of a total aid package for the Middle East amounting to $2.5bn.

Dubai Gold & Commodities Exchange
07:24 GMT

Gold trading volumes on the Dubai Gold and Commodities Exchange (DGCX) reached 41,945 contracts in December, registering a significant growth of 14% year-on –year.

January 17, 2015

“Iran’s trade delegations have launched attempts to introduce investment opportunities of Iran to the other countries,” Moqimi asserted.
04:55 GMT

Mohammad Reza Bahraman who was speaking in a press conference on Tuesday said that $00bn of the total figure had been defined for projects in oil and gas sector.

January 15, 2015

DP World
09:01 GMT

DP World has signed a five-year strategic sponsorship agreement with Meydan Group that sees DP World becoming a Meydan Pillar Partner and Race Sponsor of the Group 1 race, Dubai Turf, in the Dubai World Cup.

Aqaba Container Terminal
05:19 GMT
(press release)

Aqaba Container Terminal (ACT) has announced that, due to the extreme weather conditions brought on by the recent snowstorm, road transportation between Aqaba and Amman has been severely restricted during the first five days of the storm.

January 13, 2015

Britain has launched a trade mission to Egypt with more than 40 companies received in Cairo.
20:10 GMT

Britain has launched a trade mission to Egypt with more than 40 companies received in Cairo, the largest such effort in over a decade by the top foreign investor in the Arab world's most populous country.

UAE Ministry of Economy
11:12 GMT
(press release)

Wire and Cable Arabia 2015, the region’s leading industry show which concluded today supported by Ducab as Principal Sponsor, has revealed that there is a difference of just $5 million between volume of copper cable exports of USA ($1.330 billion) and the UAE ($1.325 billion).

January 11, 2015

Dubai Public Library joins hands with Dubai Health Authority to organise blood donation campaign
13:00 GMT
(press release)

The Dubai Public Library (DPL), owned and managed by the Dubai Culture & Arts Authority (Dubai Culture), the Emirates’ dedicated Authority for culture, arts and heritage, is joining hands with Dubai Health Authority to organise a blood donation campaign at Al Ras Public Library on January 13, 2015 from 9am to 1:30pm.

H.E. Hussain Al Qemzi, Chairman of the Panel of Jury of the 2nd Islamic Economy Award,
12:28 GMT

The Dubai Islamic Economy Development Centre (DIEDC), Dubai Chamber of Commerce and Industry and Thomson Reuters, finalised their preparations for the 2nd Islamic Economy Awards ceremony to be held at the Ritz-Carlton DIFC on January 14

Mr. Khalid Bin Kalban, Managing Director and CEO of Dubai Investments PJSC
12:06 GMT

Dubai Investments PJSC [DI], the leading investment company listed on the Dubai Financial Market, has announced expansion plans across its diversified portfolio, which includes two new acquisitions worth AED 400 million.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity
11:45 GMT

Business students in the UAE are more inclined to look for a career in transport and logistics, fast moving consumer goods or software and computer services than in insurance, according to the newly released Deloitte Middle East Talent in Insurance Survey 2014.

January 8, 2015

Libya had a budget deficit of around $15 billion at the end of November, the bank said, before oil output fell by half.
11:34 GMT

With the oil price plunging and no sign of an end to hostilities, economic options are few.

Ibrahim Aljanahi with HE Erdem Ozan, the new Consul General of the Republic of Turkey in Dubai
08:01 GMT

HE Erdem Ozan, the new Consul General of the Republic of Turkey in Dubai, visited Jebel Ali Free Zone (Jafza) yesterday. He sought to further strengthen bilateral trade relations with the Free Zone.

January 6, 2015

During the event
12:05 GMT

Abu Dhabi Ports has welcomed the first scheduled RORO vessel to call at the Khalifa Port RORO terminal.

During the event
10:16 GMT

The Department of Economic Development (DED) in Dubai honoured the first batch of 15 employees including directors of various internal departments who successfully graduated in the ‘Rawasy’ programme to develop leaders.