Economy & Trade
November 18, 2013
In a step that is set to revolutionize glass technology across the globe, Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market [DFM], today announced the launch of the first-of-its-kind,coloured solar glass in the world which generates energy on its own.
The number of unemployed increased by 30,000 in Q3 2013, resulting in some 3.6 million jobless Egyptians.
November 17, 2013
Dubai has bolstered its good standing in the fruit and vegetable trade by fostering growth in the international trade of these items.
Iraq continues to expand its oil resources, but further economic diversification is needed, according to QNB Group.
This came during a meeting on Thursday between Abdel Nour and the Egyptian side of the Egyptian-Saudi Business Council, headed by Abdel Hamid Abu Mousa, to review the council’s plans to increase the joint investments.
November 14, 2013
The UAE is reducing prices of medications to make health care more affordable in a country where over 80 percent of health supplies are imported. Could investment in the health industry simultaneously cut down on medical prices for UAE residents and boost the economy in the future?
Most Arab oil exporters now need an oil price above $90 to balance their budgets at forecast production levels, the IMF said.
DP World was today named the Best Performing Company in the UAE and awarded the prestigious Mohammed Bin Rashid Al Maktoum Business Award for Most Outstanding Performance for 2013.
He underlined job opportunities for Jordanians as a priority, noting that 70 per cent of the Kingdom’s population will be in productivity age by the year 2030.
November 13, 2013
Emiratisation efforts are failing to make a substantial dent in the unemployments figure of Emiratis.
The UAE is slated to host the first global conference on the UN Partnership for Action on Green Economy (PAGE) scheduled to take place in Dubai in early March next year.
Qatar Exchange welcomed the decision of the Standard & Poors (S&P) Dow Jones to upgrade Qatar from a “frontier” to “emerging market”, describing it as a positive step that will attract further foreign investments to the Qatari stock market.
The International Monetary Fund remains ready to provide aid to Egypt when Cairo requests it, a senior IMF official said on Tuesday without elaborating on when that might happen.
November 12, 2013
Senior officials at the IMF and Iran have met to discuss reforms needed to combat inflation and spike growth in the economy.
“We do not influence the Egyptian economy in any way,” said Ali. “The Egyptian military does own several factories and companies, but their purpose is developmental rather than for profit.”