Economy & Trade

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The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
July 24, 2014 - 10:22 GMT
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)

June 22, 2014

HE Jassim Al Zaabi and the Customs Authorities delegation in the Airport Operations Department at DXB
11:41 GMT

Dubai Customs received a delegation comprising representatives from federal Customs and free-zones authorities.

June 19, 2014

The data puts Israel in good company, with France, Belgium, and Australia, and in far better shape than Eastern European countries where the non-observable economy (NOE) is 10-15% of GDP.
16:42 GMT

The OECD estimates Israel's black economy at NIS 70 billion in 2012.

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs
05:25 GMT

Dubai Customs has announced the launch of its services via smart watches, to keep up with the latest developments in the area of smart services delivery, offering more user-friendly and better accessible services.

Turkey stood 45 percent below the average for EU member states in terms of gross domestic product (GDP) per person, a comparison Eurostat makes using the purchasing power standard (PPS).
04:55 GMT

The statistics also revealed that a product bought for 100 euros in EU countries can be purchased in Turkey for the equivalent of 58 euros.

June 18, 2014

German defence group Rheinmetall is set to sign a 2.7 billion euro ($3.7 billion) deal in the coming weeks for the production of 980 Fuchs 2 military vehicles for Algeria.
21:28 GMT

Germany said this month it would adopt a more cautious approach towards arms exports after a 24 per cent surge last year fuelled a domestic debate on military sales.

"Payment difficulties do come up and it is not a straightforward place to trade with, but deals to Iran are still being done," another European grains trade source said.
14:22 GMT

Iran is not barred from buying food or other goods for humanitarian purposes under sanctions imposed over Tehran's pursuit of nuclear technology.

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
14:15 GMT

Borrowers dropped to 28%, says Department of Economic Development

During the event
12:05 GMT

Dubai Chamber of Commerce and Industry hosted its 2nd quarterly Business Councils and Business Groups round table meeting at its Jebel Ali Branch recently.

The market has been mainly driven by tourism growth (nine to 10 per cent) while the resident market has been growing but at a slower rate.
08:23 GMT

The GCC luxury goods market has continued to grow fast.

June 17, 2014

Ahmed Mahboob with Dominican delegation
05:41 GMT

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs, has affirmed that DC’s core objectives for the time being are strongly in line with the Government of Dubai’s vision and strategic goals.

June 16, 2014

"The young men and women will receive fringe benefits including good salaries, financial incentives and vocational training," he said.
22:30 GMT

Only 1,760 young Saudi men and women applied for 11,751 vacancies made available by 70 private companies and establishments in the Saudi capital.

June 15, 2014

The money would go to the West Bank-based PA, Bseiso said, and a “special fund” would be set up to pay wages while the government discussed how to resolve the issue.
04:55 GMT

The PA has so far refused to pay Hamas’ 50,000 civil servants, who are not registered as its employees because they were appointed after the Islamist movement ousted bitter rivals Fatah – which dominates the PLO – from Gaza in 2007.

June 12, 2014

IALI has always worked in close partnership with the International Labor Office and other host country organizations, and is increasingly working at regional levels.
10:01 GMT

The International Association of Labor Inspection (IALI) is the global professional association for labor inspection.

China Roadshow
09:37 GMT

Jafza has conducted a highly-successful roadshow comprising workshops and business seminars in Taipei, Taiwan, Shanghai, Hangzhou and Beijing, China.

Egypt’s economic position was negatively affected by a decline in foreign direct investments (FDI) and tourism arrivals.
08:35 GMT

“We believe Egypt will likely enter into a standby agreement with the IMF [International Monetary Fund] soon,” the study said.