Economy & Trade

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“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
January 25, 2015 - 04:55 GMT
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

February 19, 2014

Dubai Customs
10:16 GMT

Dubai’s foreign trade in foodstuffs recorded a significant increase in 2013, as a result of the emirate’s escalating demographic and economic growth and mounting recovery across most sectors.

JAFZA car free day
09:55 GMT

Jafza, the flagship operation of Economic Zones World (EZW), in support of Dubai Municipality’s Initiative of “Car Free Day”, has observed February 19 as Metro Day for Jafza Employees.

The ministry documented over 8,600 different violations in all companies visited by its inspectors
08:36 GMT

The Saudi Ministry of Labor recently tackled 2,034 cases of expatriates not working for their sponsors, according to a deputy labor minister.

February 18, 2014

Ali Al Mugahwi, Director of Airport Operations Department at Dubai Customs
05:45 GMT

Dubai Customs inspectors has thwarted an attempt to smuggle 1.28kg of cocaine stuffed in 60 capsules and concealed in an African passenger’s tummy.

February 17, 2014

Saeed Al Marri, Deputy Chief Executive Officer of BRL
09:09 GMT

The Business Registration and Licensing (BRL) sector in DED, Dubai recently held a brainstorming session with a group of businessmen as part of improving investor relations and service delivery.

During the event
09:02 GMT

Dubai Chamber of Commerce and Industry called upon Azeri businesses to invest in Dubai’s Islamic finance sector in light of the emirate’s vision of becoming the capital of Islamic economy.

February 16, 2014

Ahmed Butti receives Golden Peacock Award Shield from Khalil Saqer
11:10 GMT

Dubai Customs has claimed the prestigious Golden Peacock Global Award for Corporate Social Responsibility for the year 2013 in government organization category.

Land transport activity is continuing at 80,000 trucks per year
09:55 GMT

Transport Minister Lina Shbeeb and her Iraqi counterpart Hadi Al Amiri on Saturday weathered the liquidation of the Iraqi Jordanian Land Transport Company with a determination to boost economic and commercial integration in various fields.

Omar Bushahab, Chief Executive Officer of the Commercial Compliance and Consumer Protection (CCCP) sector in DED
06:31 GMT

A qualitative analysis of the consumer experience in six key business sectors across Dubai shows coffee shops being rated topmost while Hypermarkets came second.

February 14, 2014

"Economic epic would be realized by people’s participation and the government would succeed in reviving the economy,” he added.
08:29 GMT

Mohammad Nahavandian pointed to Rouhani’s February 11 address among the rallying mass in Tehran that $3b of public money had been plundered.

February 13, 2014

The IMF predicts that the Iran economy will grow 1-2 percent in 2014-2015 (Courtesy of Wikipedia)
13:00 GMT

The International Monetary Fund said this week that the future of Tehran's economy is positive and that the county will return to growth over the coming year.

February 12, 2014

The suspension of western economic aid to Egypt, which is relatively small compared to the financial assistance that Gulf countries provide, will lead the country to turn to the East, reducing Western influence,
17:02 GMT

According to a new Brooking report, the nature of the international community’s engagements in Egypt needs to be reexamined.

February 11, 2014

There is a discrepancy between the reliefs implemented by the US and by the EU regarding insurance of crude oil transportation.
22:09 GMT

The overall message is that the US will continue vigorously to enforce its sanctions legislation and stands equally ready to progress towards the further relaxation of sanctions against Iran or to pass more restrictive measures.

In Egypt, The number of people living below the poverty line increased to 26.3% of the population in 2012/2013 compared to 25.2% in 2010/2011.
21:48 GMT

The recently published report stated that the ongoing tensions in the region have affected economic growth, public coffers, unemployment, and inflation rates.

During the meeting
10:01 GMT

the Dubai Chamber of Commerce and Industry hosted a roundtable bringing together officials of the Higher Committee for Consumer Protection of the UAE Ministry of Economy and the Electronics Business Group.