Economy & Trade

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August 25, 2014

Prime Minister Prince Khalifa bin Salman Al Khalifa who chaired the meeting said settlement disputes needed to be fast tracked (Image: 4photo)
07:58 GMT

Bahrain will overhaul trade laws to increase foreign investment and clean up dispute settlement processes, according to a cabinet meeting hosted by Prime Minister Prince Khalifa bin Salman Al Khalifa.

August 24, 2014

During the event
06:05 GMT

Dubai Customs – represented by the Passenger Operations Department – handed out presents to children returning to the country with their families.

is Majesty King Abdullah on Thursday urged the private and public sectors to join efforts to define the priorities of the 10-year economic plan he asked the government to draft.
04:55 GMT

“Today, we are facing enormous challenges on more than one front, foremost of which are the economic challenges,” the King told the attendees, according to a Royal Court statement.

August 21, 2014

Sheika Fatima also urged Emirati youth to be rational towards wedding expenditure, saying that overspending often leads to negative effects on family stability.
23:18 GMT

“Mass weddings aim to reduce the expenses of weddings and lift wedding cost pressures from young people and their parents. They also encourage young men to marry early and start building a stable and cohesive family,” she added.

DP celebrates Middle East's First hosting of FIBA
09:06 GMT
(press release)

Dubai Properties (DP), the development company of Dubai Properties Group (DPG) and official sponsor of the third edition of FIBA, has concluded its sponsorship of the nine day event.

August 20, 2014

The Glasgow City Council sparked criticism from pro-Israeli circles when it decided to raise the Palestinian flag in the wake of the ongoing conflict between the Israeli regime and the Palestinians in the impoverished Gaza.
19:41 GMT

The Glasgow City Council sparked criticism from pro-Israeli circles when it decided to raise the Palestinian flag in the wake of the ongoing conflict between the Israeli regime and the Palestinians in the impoverished Gaza.

August 19, 2014

hese remarks were made at a meeting between JCC board of directors and a delegation representing the Palestinian union of commercial, industrial and agricultural chambers.
13:04 GMT

In response to brutal Israeli attacks on Gaza, Jordan Chamber of Commerce (JCC) President Nael Kabariti called on Jordanian traders and importers to boycott Israeli goods and ports

August 18, 2014

Ahmed bin Lahej, Director of Passenger Operations at Dubai Customs
12:52 GMT

The Dubai Customs’ Passenger Operations Department conducted 1037 confiscations over the first half of 2014, that is a growth of 23% compared to 843 seizures achieved in the same period last year.

August 17, 2014

Imports of goods and services fell 0.1% in the first half of 2014, after rising 6.7% in the second half of 2013.
20:43 GMT

This is the slowest rate of growth since the recession in the first half of 2009 and follows growth of 2.8% in the first quarter of 2014.

The oil share of GDP remained however near its recent highs at 66 per cent (including refining).
20:31 GMT

The sector continued to recover from the 2008 crisis and its related weakness that lingered until 2010.

Counterfeit Items
11:36 GMT

Dubai Customs elevated its efforts in deterring counterfeit products smuggling attempts into the emirate via its relentless efforts in countering piracy and Intellectual Property Rights infringements.

August 14, 2014

Upon the recommendation of Transport Minister Lina Shbeeb, the Cabinet also approved the draft agreement between the governments of Jordan and India on marine transport cooperation.
12:37 GMT

The Cabinet on Wednesday approved several recommendations and projects at a meeting chaired by Prime Minister Abdullah Ensour.

August 13, 2014

Egyptian guest workers represent the majority of the 108 nationalities working in the Kingdom, constituting 62 per cent of the total number of guest workers.
21:09 GMT

The Jordanian side presented a briefing on efforts to regulate the labour market and rectify the statuses of guest workers.

Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country.
20:52 GMT

In the previous 2013/14 marketing year, Russia supplied 3.6 million tonnes of wheat to Egypt.

August 12, 2014

The 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
23:21 GMT

Around 27.8% of Egyptian youth are poor while 24.1% are near the poverty line.