Economy & Trade

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There have been no electricity blackouts over the first two days of the Eid holiday
Today
As a result of Egyptians heading to the coast to celebrate the holiday, hotels in resort cities have seen occupancies exceed 90 percent.

June 30, 2014

During the event
09:03 GMT

Dubai Chamber of Commerce and Industry’s initiative, Tejar Dubai, hosted a workshop educating upcoming national entrepreneurs about the various aspects of recruiting workforce and the correct application of UAE labour law.

June 29, 2014

 Family-owned businesses in the Middle East face a range of challenges that affect not only the success of the business itself, but also the professional and personal goals of their owners and their stakeholders at large.
16:03 GMT

Deloitte recently conducted a survey on family-owned businesses to assess two specific areas that have an impact on their companies’ operations and growth: governance and succession

During the event
11:54 GMT

Dubai Customs today launched new upgrades in its smart services.

“Income equality is important for sustainable growth. We can't fight income inequality with only macroeconomic policies. Turkey should increase its production capacity,” Dinçer added.
04:55 GMT

Turkey ranks third among the countries with the highest levels of income inequality.

June 26, 2014

Sultan Qaboos, who has been ruling Oman since 1970, responded by suspending the rules based on his understanding of the needs of the public, ONA reported.
22:57 GMT

Oman’s ruler Sultan Qaboos bin Said has put on hold the government’s decision to scrap price controls for most products after a public uproar triggered an intervention by his consultative council, state news agency ONA said.

The government may resort to using the old budget for the current fiscal year until the budget for the upcoming fiscal year, which begins on 1 July, is completed, according to a cabinet source.
14:54 GMT

The government is racing against time to complete the process of reviewing the budget for the next fiscal year, after President Abdel Fattah Al-Sisi refused to ratify it due to the growing deficit and heavy spending.

During the event
12:35 GMT

Assessors and jury members of the Dubai Quality Award and Dubai Human Development Award (DHDA) for 2013 were honored by the Department of Economic Development.

 According to the figures, 16% of Israelis (822,000 people) ate less for economic reasons during the past year
12:10 GMT

About half of Israelis are dissatisfied with the economic situation, and more than a third are unable to pay their household expenses, according to the first section of the social survey published today by the Central Bureau of Statistics.

H.E Hisham Al Shirawi with the representatives
12:07 GMT

Dubai Chamber of Commerce and Industry recognised its top exporting members between February and May 2014 in an exclusive SME Exporter of the Month ceremony at its head office on Wednesday.

Ahmed Mahboob Musabih, Director, Dubai Customs
06:46 GMT

Dubai Customs has launched a charitable campaign aimed at digging 30 wells during the holy month of Ramadan, one well every day.

June 25, 2014

Economic researcher at Stanford University Amro Adly said that the establishment of a fund to collect donations is a “populist measure” that falls short of an economic solution/
11:50 GMT

Governor of the Central Bank announced the opening of a new bank account under the number 037037, a reference to the date on which President Abdel Fattah Al-Sisi declared the ouster of former president Mohamed Morsi.

Social Development Ministry Secretary General Omar Hamzah made the announcement on Tuesday during a visit by Prime Minister Abdullah Ensour to the ministry.
11:30 GMT

The Ministry of Social Development has started preparations to distribute JD100 in cash assistance to identified underprivileged families, under a Royal makruma, as the fasting month of Ramadan approaches.

The smuggler and  seized narcotics
09:48 GMT

Dubai Customs’ officers at Dubai International Terminal 3 foiled an attempt to smuggle 24 Kg of heroin concealed in secret pockets at the bottom of baggage suitcases belonging to an Asian passenger.

Aqaba Container Terminal
09:22 GMT
(press release)

Aqaba Container Terminal (ACT) recently announced the publication of its third sustainability report under the heading “Sustainable Gateway to Jordan and Beyond,”.

Ibrahim Al Janahi presenting memento to HE Mohamed Saeed, Minister for Economic Development, Maldives
07:23 GMT

A three member Maldivian delegation led by His Excellency Mohamed Saeed, Minister for Economic Development, Republic of Maldives, visited Jebel Ali Free Zone last week to seek economic cooperation between Maldives and Jafza.