Economy & Trade

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Abu Dhabi's economy continues to expand in all sectors including tourism, retail and real estate (Image: Gobash)
Today
The UAE's economy is continuing go grow in both the retail and real estate markets, which means there is room for more investment.

July 13, 2014

Yemen has struggled to pay public sector salaries and finance food and energy imports, which has led to power cuts and fuel shortages
04:55 GMT

But reducing subsidies is hard in a country where a third of the population of 25 million lives on less than $2 a day, and this week’s austerity package did not address subsidies.

July 11, 2014

“We are close to an agreement on holding a Parliament session on July 17 to pass laws adopting the new salary scale and government expenditures,” the source said.



Read more: http://www.dailystar.com.lb/News/Lebanon-News/2014/Jul-11/263496-wage-hike-breakthrough-expected-next-week.ashx#ixzz377kRp4Ue 
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
03:42 GMT

Breakthrough in the long-running crisis over public workers’ salaries is expected next week, a ministerial source revealed to The Daily Star Thursday.

The world’s most expensive cities for expats are both in Africa. Luanda in Angola is ranked first for the second year, followed by N’Djamena in Chad.
03:38 GMT

Rising housing costs has pushed Dubai up the rankings in an annual survey of the most expensive cities in the world for expatriates to live in.

Egypt, one of the world's largest wheat importers, said on Thursday it had enough wheat to last for six months.
03:21 GMT

Egypt purchased 3.7 million tonnes of local wheat and also bought 5.46 million tonnes of wheat from abroad during the 2013-2014.

July 10, 2014

Abdullah bin Zayed and Sultan bin Sulayem during a meeting with business leaders in Vancouver
11:21 GMT

DP World has presented its future expansion plans to be implemented in DP world-Vancouver Terminal.

July 9, 2014

The source, who opted not to be named, said a surefire reason for inclusion on the blacklist is physical abuse and sexual harassment against their housemaids.
16:05 GMT

The recruitment application of any Saudi who has a history of maltreating Filipino housemaids would never be accepted.

Iran imported $153 million worth of products from the U.S. in January-May 2013 and exported $1.6 million worth of products to the U.S. in the mentioned time span
04:55 GMT

Iran transacted non-oil goods with 177 countries in the past Iranian calendar year.

July 8, 2014

H.E Abdul Rahman Saif Al Ghurair during the seminar
09:52 GMT

A Dubai Chamber of Commerce and Industry delegation attended a seminar entitled ‘‘Implantation in Dubai: A Platform opened to the Gulf and the Middle East Market’’.

July 7, 2014

Another reason for the slowdown may be that households balance sheets are stretched after a surge in consumer borrowing over the past few years.
12:42 GMT

In the first quarter, growth in all three sectors that relied on cheap foreign labor — construction, retail and transport — slowed markedly from a year ago.

Abdullah Mohammed Al Khaja
12:10 GMT

Dubai Customs hosted a business meeting with companies chosen to execute Virtual Corridor project to introduce them to the systems and procedures that will be put in place for optimal utilization of this vibrant project.

July 6, 2014

Jafza employees with CEO Salma Hareb at the iftar
06:16 GMT

Jafza, the flagship Free Zone under Economic Zones World organised an iftar for its employees at the Dubai World Trade Centre with the aim of strengthening the team spirit and bonding in the organization.

Many citizens have objected to the price increase, which was approved by the government yesterday.
04:55 GMT

Anger is mounting against recent petroleum price increases after government reductions in subsidies for the sector came into effect on Saturday.

July 4, 2014

The spending figure of 23.21 billion dinars is 10.5 percent higher than estimates in the past fiscal year of 21 billion dinars.
15:28 GMT

he OPEC member has projected a deficit in each of the past 14 fiscal years but ended each year in the black, accumulating more than $300 billion in budget surpluses.

July 3, 2014

Regarding President Abdel Fattah Al-Sisi’s plan to provide the market with citizen’s needs for oil and sugar produced by the army, she said this plan is “illogical in economic terms and impossible to implement.
14:32 GMT

The government is unlikely to succeed in controlling anticipated price jumps in markets, goods, and services vulnerable to such abnormalities in the wake of petroleum subsidy cuts in the new budget.

Mohammed Bin Rashid Al Maktoum Business Award
09:25 GMT

Dubai Chamber of Commerce and Industry launched promotional roadshows in Oman and Bahrain recently.