Economy & Trade

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DP World is a global marine terminal operator with around 65 locations across six continents (Image: File)
August 28, 2014 - 09:43 GMT
Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like basis.

October 24, 2013

The cost of capital projects that need to be implemented to integrate Syrian refugees for a three- to five-year stay is estimated at around $870 million.
10:34 GMT

“The heavy presence of Syrians in the local market is the direct reason behind the increase in unemployment rates this year,” Saif said.

October 23, 2013

President Hassan Rouhani inherited an economy in recession as international sanctions against the country weakened its currency and accelerated inflation to about 40 percent in September.
11:03 GMT

Meanwhile, Iranian First Vice President Es’haq Jahangiri has said that bad loans of the Iranian banking system amount to 700 trillion rials (about $28 billion

Dubai Exports
10:26 GMT

Dubai Exports has taken 27 local exporters to Azerbaijan to participate in BakuBuild, billed as the largest exhibition for construction and related sectors anywhere in the CIS and Eastern Europe.

Dubai Chamber
09:32 GMT

A recent Dubai Chamber study released on the sidelines of Gitex 2013, revealed that the market for consumer electronics is likely to remain strong in the wake of lifestyle changes region-wide.

October 22, 2013

Kerry thanked Qatar's ruler and people as well as the minister for their economic support of the Palestinians and said other Arab states are expected to follow their example.
15:09 GMT

Qatar has agreed to provide $150 million in debt relief to the Palestinian Authority, U.S. Secretary of State John Kerry announced Monday.

Ibn home
11:42 GMT

The Dubai Chamber of Commerce and Industry announced that its recent launch of the International Business Network is proving a strategic tool for promoting Dubai’s investment environment.

October 21, 2013

There are several expat workers in the private sector who have been suspended by their employers and they hope to transfer their sponsorships before the end of the amnesty period.
11:27 GMT

Human resource supervisors in private companies told Arab News that their companies will transfer sponsorships of expat workers who are crucial to them, while releasing other part-timers due to difficulties in changing their sponsorships.

At the governorate level, the data indicated that the inflation rate in August 2013 showed that prices fluctuated, rising in some governorates, falling in others and remained stable in other governorates.
08:29 GMT

Oman’s inflation rate in August 2013 is the lowest compared to other GCC countries.

05:35 GMT

Dubai Chamber of Commerce and Industry is showcasing its e-services offered to the private sector through its stand at GITEX Technology Week.

October 20, 2013

Dubai Investments
09:44 GMT

Dubai Investments has pointed out that its pioneering business models across diversified sectors haveachieved healthy growth with a steady demand from new businesses entering the market and renewed confidence amongst the existing players.

Messages sent warn companies and individuals against providing cover to the undocumented expatriates and those overstaying their visa period.
09:28 GMT

Ministries of Interior and Labor have started sending text messages to citizens, companies and establishments warning them against employing illegal expatriates and having financial dealings with them.

DED online services at Gitex Technology
05:53 GMT

The Department of Economic Development in Dubai is participating in the GITEX Technology Week, to be held at the Dubai World Trade Centre 20-24 October 2013.

October 18, 2013

According to the economists, the consumption expenses of Kuwaitis are higher than their savings and investments.
11:09 GMT

Kuwaitis and expatriates spent around KD280 million over the last seven days as part of preparations for the Eid Al- Adha holidays, reports Al-Kuwaitiya daily quoting sources.

October 14, 2013

Sidi Ould Tah, Mauritanian Minister for Economic Affairs and Development, said the educational output is not in harmony with needs of the labour market and this issue requires reconsideration into the educational systems.
10:38 GMT

Governments in the MENA need to create around one hundred million jobs

October 13, 2013

World Bank chief Jim Yong Kim has warned that the US was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling.
22:40 GMT

The global economic recovery continues with improvements in long-lagging advanced economies but moderating growth in emerging markets, the International Monetary Fund’s managing committee has said.