Economy & Trade

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“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
Today
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

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.

January 4, 2015

H.E Sultan Bin Saeed Al Mansoori, UAE Minister of Economy
12:25 GMT
(press release)

The UAE Ministry of Economy has stepped up the preparations for the 5th Annual Investment Meeting (AIM), to be held from 30 March - April 1, 2015 at the Dubai International Convention and Exhibition Centre.

His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs
06:47 GMT

Dubai Customs put into effect the GCC-Singapore Free Trade Agreement, which provides for the full exemption of Singaporean customs duties for products of GCC origin.

"We have reached the danger point... after starting to withdraw from the reserves," to meet the budget shortfall, Alwaleed said in a letter addressed to the finance minister.
04:55 GMT

Billionaire Prince Alwaleed bin Talal has lashed out at the Saudi fiscal policy after projecting the largest ever budget deficit for 2015 following the slump in oil prices.

Israel's exports of goods and services were up only 0.6% in 2014, reaching $44 billion.
04:55 GMT

The most alarming figures were a 2.7% drop in investments in fixed assets, putting Israel at the bottom of the OECD table in this category

December 31, 2014

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs
04:40 GMT

As part of its strong commitment to social responsibility and organizational sustainability, Dubai Customs released its sixth annual sustainability report for the year 2013.

December 30, 2014

Al Maryah Island
12:38 GMT
(press release)

In with the New! Celebrations include street performers, live musicians, illusionists and array of dining options culminating in a spectacular firework display

LG to Expand Vehicle Components Business by Partnering with Global Automakers in Advanced Driver Assistance Systems (ADAS).
10:51 GMT
(press release)

LG to Expand Vehicle Components Business by Partnering with Global Automakers in Advanced Driver Assistance Systems (ADAS).

Ambassador
10:14 GMT
(press release)

Every buy from the new collection and the elite illusion collection awaits a special gift

Advanced Tech Quest robotics arena built in collaboration with ZHO special needs students
09:25 GMT
(press release)

Advanced Tech Quest robotics arena built in collaboration with ZHO special needs students.

The budget announced for next year sees spending at 860 billion riyals ($229.3 billion) and revenues at 715 billion riyals ($190.7 billion)
04:55 GMT

"Spending in the budget is not in line with the sharp decline in oil prices."

During the meeting
04:54 GMT

Dubai Chamber of Commerce and Industry shared its experience and expertise in the implementation of ATA Carnet system in the Kingdom by participating in a workshop organised by the Council of Saudi Chambers and Saudi Customs in Saudi capital Riyadh recently.