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 13, 2013

Obaid Humaid Al Tayer, Minister of State for Financial Affairs
09:21 GMT
(press release)

Ministry of Finance organised a separate reception for all UAE banks participating in this important, global event.

October 10, 2013

Western Asia has been the primary destination of UAE assistance for three consecutive years since 2009. Africa received more than 20 per cent of aid last year or Dh1.26 billion.
11:57 GMT

The world’s 16th largest foreign aid donor last year, the UAE spent Dh5.83 billion in grants and loans to 137 countries and regions around the world.

October 9, 2013

“If we hope even in long run, that with sanctions off, the economy would improve, we have been building castles in the air. Even if oil incomes enriched the country, still we will face damages inflicted by oil incomes,” he said.
12:57 GMT

Iran’s minister of economic affairs has said it is false to think of economic improvement when sanctions are eliminated.

The unrest that toppled two leaders in Egypt, removed Muammar Gaddafi from power in Libya and plunged Syria into civil war will lower cumulative economic output in the nations to just above $2 trillion from $2.9 trillion over the four years.
12:38 GMT

Political turmoil that started in Tunisia in 2011 and swept across the Arab world will cost the seven most-affected countries about $800 billion by the end of next year, according to HSBC Holdings Plc.

During a meeting with a delegation of Yemeni businessmen at the Prime Ministry, Ensour stressed the importance that Jordan attaches to Yemen’s security and stability.
09:15 GMT

Given that the commercial activity is still at a minimal, there is still a long way to go.

Economic studies forecast that investing $1 billion in infrastructure projects will create around 110,000 jobs in oil importing countries.
09:02 GMT

Studies conducted by the ESCWA recently revealed that the Arab region needs large investments in the infrastructure sector.

Dubai Customs
07:51 GMT

Dubai Customs, the first 100% Smart Government Department, showcases its latest technological achievements in GITEX 2013.

October 7, 2013

His Excellency Ahmed Butti and His Excellency Mohamed Nasser AL Ghanim during the MOU signing
11:41 GMT

Dubai Customs has signed a memorandum of understanding with the Telecommunications Regulatory Authority to exchange expertise and achieve optimal results in regards to customer service provision.

October 6, 2013

Statistics from the Chamber show that the city’s religious, historical and cultural status has made it a distinguished economic location.
10:36 GMT

Numerous investment opportunities that have contributed to the growth of its trade, industry, tourism and agricultural sectors.

"The GCC countries remain pillars of stability in the global oil market at a time when uncertainties are arising elsewhere."
08:13 GMT

This rate is significantly lower than the exceptionally strong average rate of 6.4 percent in 2010–12.

October 3, 2013

The GCC made a big jump in the volume of intra-regional trade of GCC from $32 billion in 2005 to $100 billion last year.
11:25 GMT

It is hoped the monetary union and subsequently the GCC union would materialise soon.

Jordan produces around 5 per cent of its needs of wheat, while the rest is imported from other countries, mainly the US
11:04 GMT

With Jordan officially receiving the go-ahead to invest in Russia wheat production, the authorities are encouraging local businessmen to enter joint ventures with their Russian counterparts and invest in the water-rich country.

October 2, 2013

The GDP growth rate on average is likely to taper off due to the decline in energy export revenues which marked a historic high in 2012.
08:27 GMT

"This high rate was achieved despite the geopolitical problems in the region, particularly the Syrian conflict, thanks to the swelling oil prices and revenues."

The President of Ecuador, His Excellency Rafael Correa during his meeting with the Chairman of DP World, His Excellency Sultan Ahmed Bin Sulayem, in the presence of Mohammed Sharaf, Group Chief Executive Officer, DP World and a number of officials in the Ecuadorian Government
07:26 GMT

The Chairman of DP World, His Excellency Sultan Ahmed Bin Sulayem, has met with the President of Ecuador, His Excellency Rafael Correa, for talks on matters of mutual interest to Ecuador and the UAE.

During the visit
06:13 GMT

Dubai Customs received a high-profile delegation headed by H.E. Salehbin Manee Al-Khelaiwi within the framework of the mutual cooperation and exchange of expertise with our sister GCC countries.