Economy & Trade

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Employers do not recognise the importance of job security as a key retention driver for employees.
October 20, 2014 - 23:08 GMT
Organisations in the Middle East are facing greater challenges than employers elsewhere in the world with 70 per cent of the firms admitting difficulty in attracting and retaining critical skill.

November 18, 2013

Emirates Insolaire Press Conference
10:14 GMT

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.

Roughly 70.8 percent of job seekers are aged 15 - 29 years, compared to 74 percent in the previous quarter.
03:55 GMT

The number of unemployed increased by 30,000 in Q3 2013, resulting in some 3.6 million jobless Egyptians.

November 17, 2013

Dubai Customs
10:22 GMT

Dubai has bolstered its good standing in the fruit and vegetable trade by fostering growth in the international trade of these items.

Iraq's GDP growth has been driven by oil. (Image credit: Shutterstock)
07:01 GMT

Iraq continues to expand its oil resources, but further economic diversification is needed, according to QNB Group.

A number of Saudi investors in Egypt have faced hurdles as projects stalled following the 25 January Revolution. Some Saudi investors are seeking compensation for the nationalisation of their assets.
03:55 GMT

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

UAE imports more than 80 percent of its medications (Shutterstock)
11:36 GMT

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?

The Fund is expecting the economy to pick up in 2014 as global conditions improve and oil production recovers.
11:29 GMT

Most Arab oil exporters now need an oil price above $90 to balance their budgets at forecast production levels, the IMF said.

During the event
04:45 GMT

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.
03:55 GMT

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

“The UAE national population is estimated to be just under one million - and the estimated unemployment rate is 20.8 per cent of the national population. Now this is shocking, particularly in a country that provides over five million jobs,” Al Mulla said in remarks made to the Arabian Business Forum in Dubai yesterday.
17:51 GMT

Emiratisation efforts are failing to make a substantial dent in the unemployments figure of Emiratis.

UAE's Green Growth Strategy was launched in January 2012, before the UN PAGE partnership's formation earlier this year (Courtesy of UAE Interact)
07:28 GMT

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.

The Qatari market has also met the quantitative requirements as defined for emerging markets. (Image credit: Shutterstock)
05:00 GMT

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.

Egypt and the IMF have had a sometimes tense relationship because of national pride and the international lender's efforts to persuade Cairo to undertake politically sensitive economic reforms such as subsidy cuts.
03:55 GMT

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

Inflation in Iran is at a staggering 39%. (Image credit: Shutterstock)
06:00 GMT

Senior officials at the IMF and Iran have met to discuss reforms needed to combat inflation and spike growth in the economy.

Ali stressed that the military institution has no intention of becoming involved in the economic policy of Egypt in the future.
04:55 GMT

“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.”