Economy & Trade

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The work of the Ministry of Finance is being obstructed at every corner by bureaucracy and an IT system that presents more problems than solutions. (Photo: Marwan Tahtah)
May 23, 2013 - 13:18 GMT
The Union Coordination Committee Wednesday accused the Finance Ministry of intentionally submitting salary scale bills with errors in them in a bid to delay the ratification of a wage hike in Parliament.

May 8, 2013

Finance Minister Ibrahim Al-Assaf addresses the 8th Euromoney Conference in Riyadh on Tuesday. (AN photo by Ahmed Fathy)
06:19 GMT

Finance Minister Ibrahim Al-Assaf has said the Kingdom achieved a growth rate of seven percent due to its sound economic policy and planning carried out with the private sector participation.

May 7, 2013

H.E. Ahmad Bin Humaidan, Director General of Dubai eGovernment
11:48 GMT
(press release)

Dubai eGovernment has announced that Dubai Electricity & Water Authority (DEWA) is the first government entity to join its government service bus (GSB).

USA, UK visit
07:11 GMT

A delegation from the municipal system in the Emirate of Abu Dhabi, visited the United States and the United Kingdom for a close review of the American and British mechanisms and technical programs.

Mr. Hassan Al Hashemi during the ICC Banking Commission meeting in Lisbon
06:55 GMT

Dubai Chamber of Commerce and Industry promoted Dubai’s status of a financial hub in the region at the ICC Banking Commission biannual meeting in Lisbon.

During the event
05:51 GMT
(press release)

The Dubai Government First Information Security Forum successfully concluded yesterday on May 6th, 2013 at Inter-continental Hotel with attendance from around 80 Dubai government entities.

May 6, 2013

Maximum wages will be applied starting next Tuesday “retrospective from January 2013 on all administrative leadership in state positions”
10:43 GMT

Maximum wages will be applied starting next Tuesday “retrospective from January 2013 on all administrative leadership in state positions”, as confirmed by a media spokesperson at the Central Agency for Organisation and Administration (CAOA).

May 5, 2013

An advertising board of the QNB Bank is shown at Corniche bay prior to the start of the 15th Asian Games
11:33 GMT

Sub-Saharan Africa has been experiencing strong growth in recent years, which is expected to continue. This boom creates an opportunity for GCC corporations and investors, according to QNB Group, as the region is well endowed with resources and people, but largely lacks the capital needed to fund its development.

May 2, 2013

During the visit
11:36 GMT
(press release)

A delegation of 35 business leaders from Poland recently visited Dubai World Central.

A new black market for gold is emerging following speculation on the dollar
11:13 GMT

Speculation on the dollar in Egypt is leading to a boom in the black market trade of the dollar.

Egypt is the world largest importer of wheat.
08:31 GMT

Wheat shipment arrived in Egypt's port city of Alexandria on Wednesday.

Could bonds boost Egypt economy?
03:07 GMT

The sovereign Islamic bonds law passed by Egypt's Shura Council Tuesday is expected to boost economic growth and employment figures, according to Ahmed El-Naggar

May 1, 2013

Oman is hoping for $10 billion in FDI in one its its economic zones
09:41 GMT

Oman's government expects $10 billion foreign direct investment in Duqm economic zone in the next five years.

April 30, 2013

Aqaba Container Terminal
08:55 GMT
(press release)

Aqaba Container Terminal (ACT), the world’s gateway to Jordan and beyond, recently launched its revamped bilingual website https://www.act.com.jo.

Egypt is likely to accept proposed interest rates on Qatar's bond-buying
08:41 GMT

Egypt is likely to accept the five per cent interest rate that Qatar has request for the $3 billion worth of treasury bonds

April 29, 2013

Egypt's chief negotiator with the IMF has quit, in a fresh blow to the long-running talk
09:25 GMT

Egypt's chief negotiator with the IMF, and the country's deputy finance minister, has quit.