Economy & Trade

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“We are used to a gap in time between promises and the actual funding,” Gomaa said.
Today
Ever since the conference hosted in Cairo on 12 October for the reconstruction of Gaza managed to garner $5.4bn of pledged aid, a looming question has imposed itself.

November 25, 2013

Solidere, which was set up to rebuild the Beirut Central District, has been hurt by lower demand for real estate due to the spillover from the Syrian crisis, and its shares have lost almost 13 percent since the beginning of 2013.
03:55 GMT

A financial analyst who spoke on condition of anonymity told The Daily Star that though long-term investors in Solidere were increasingly uneasy about the performance of shares, they would not be willing to sell at a heavy loss.

November 24, 2013

Dubai Customs
10:34 GMT

Dubai Customs enhanced its activities to boost mega events in Dubai through customs facilitations offered to participants.

A successful bid by Dubai for Expo 2020 will have a positive impact on the stock market, real estate and foreign direct investments
03:55 GMT

If Dubai wins Expo 2020, 76 per cent of respondents expect a positive or significant impact on the real estate sector while only 11 per cent would expect a limited impact on market pricing

November 21, 2013

 
Iranian companies have won bids in Iraq to carry out $803 million worth of technical and engineering projects, such as building dams, bridges, residential complexes, power plants, and medical centers, he explained.
14:18 GMT

Iran exported $5.6 billion worth of goods to Iraq in the first half of the current Iranian calendar year, which began on March 21, the chairman of Iran-Iraq joint chamber of commerce said on Wednesday.

The UAE, Qatar and Saudi Arabia retained the top three positions as having the most attractive tax rates in the world.
14:06 GMT

The UAE has the most attractive tax framework in the world and the least demanding, according to a report by the World Bank Group and PwC.

UAE Minister of Economy Sultan bin Saeed Al Mansouri warned participants at this week's World Economic Forum that political instability in the Middle East could undermine the global economy and prosperity worldwide (Courtesy of Arabian Business)
08:38 GMT

At the closing plenary of the World Economic Forum, UAE's Minister of Economy said that political instability in the Middle East North Africa (MENA) region will challenge economies worldwide.

Saudi and China's trade relationship has improved dramatically thanks to the strong relationship between KSA's King Abdullah and Chinese President Xi Jinping (Reuters)
07:47 GMT

Saudi-Chinese trading escalated to $73 billion in 2012, reaffirming KSA's position as the biggest trade partner of the east Asian country for the past ten years.

During the event
04:24 GMT

DP World, UAE Region has won the prestigious Container Terminal Operator Award for a fifth consecutive year at the Seatrade Middle East & Indian Subcontinent Awards 2013 in Dubai.

November 20, 2013

Egypt's interim president Adly Mansour previously met with Bahrain's King Hamad to discuss investment ties. Egypt hopes to extend investment ties with other GCC nations as well in the upcoming months (Courtesy of Bahrain News Agency)
10:41 GMT

GCC investment interests in Egypt are rising ahead of a joint GCC-Egypt forum scheduled for early December.

Based on interviews with workers, officials and employers, the report found that abuse was rampant on the sites of many multinational firms working on world cup projects.
03:55 GMT

“Employers in Qatar have displayed an appalling disregard for the basic human rights of migrant workers. Many are taking advantage of a permissive environment and lax enforcement of labour protections to exploit construction workers.”

November 19, 2013

Tejar Dubai judging pane
11:00 GMT

As initiators of “Tejar Dubai” an Emirati entrepreneur development program, Dubai Chamber of Commerce and Industry is all set to host the Tejar Dubai Idea Olympics workshop at its premises on Saturday, November 23.

The Forbes study identified the talent leading the MENA operations of the world's most powerful corporations. (Image credit: Shutterstock)
08:08 GMT

A Forbes study showed that showed that the UAE as the preferred location for global organizations to establish regional headquarters, with a massive 93 percent of companies favoring the nation as a base.

Marine Guidelines Handbook, to spread awareness of safety and security procedures and mitigate risks of not complying to these procedures
04:48 GMT

The Coastal Customs Centres Department at Dubai Customs has issued a Handbook of Marine Guidelines for Traditional Vessels.

The company was only "ghost-run" by an Emirati, when in fact, an expat did all the work.
03:55 GMT

The ministry ruled the company, owned by an Emirati, had violated its licensing terms.

In an earlier statement Al-Tekhaifi said that jobs in more than 7,000 lingerie shops have been completely feminized.
03:55 GMT

The undersecretary described working from home to be the most suitable for women and said it will be implemented in the next few months.