Economy & Trade

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Despite finding success in the South American country, Lebanese-Brazilian industrialists interviewed by The Daily Star say doing business in Brazil has its own challenges.
It is a story repeated across Brazil, reportedly home to nearly 7 million people of Lebanese descent.

September 9, 2013

Abdul Rahman Saif Al Ghurair and Mr. José Antonio da Conseicao Silva, Minister of Urbanism and Construction
11:05 GMT

Dubai Chamber of Commerce and Industry, urged businesses in the emirate to move towards African markets as the continent holds significant potential for the future business world, highlighting Angola as a rewarding option for Emirati investment.

Last year, criminals from India created a fake website that claimed to be associated with the IDB and tried to collect money online. The fraud was uncovered and customers were warned by Indian officials.
11:00 GMT

The cost of a sheep for sacrifice has multiplied more than tenfold, and opened up doors for fraudulent activities.

Group photo of the workshop participants
09:49 GMT
(press release)

The Department of Finance conducted a two-day training workshop entitled ‘Program to distinguish genuine and counterfeit auto parts’ at the Offices of the Department of Training and Capacity Building of Abu Dhabi Customs in Al Jazeera Club Tower.

During the event
08:55 GMT

The Overseas Trade Offices of Dubai Exports are playing a significant role in enabling UAE-based exporters to establish their presence in strategic foreign markets and in connecting them with buyers.

Ministry of Finance
05:33 GMT
(press release)

The Ministry of Finance hosted a two-day long delegation from the Qatari Ministry of Economy and Finance (MOEF) at its headquarters in Dubai.

September 8, 2013

With its isolated coffee shops and restaurants, Beirut seems to have lost its old charm. Pictured: an empty Beirut Restaurant.
14:00 GMT

The ongoing conflict in and outside of the country has hit the tourism industry very hard that most tourist destinations in this enchanting place reminds of a ghost city.

Despite the rising influx of refugees, the Lebanese state has yet to draft a comprehensive plan to meet increasing needs, particularly in the health and education sectors.
13:45 GMT

The World Bank is looking into establishing a Multi Donor Trust Fund to support Lebanon after its government requested a swift assessment of the social and economic impact of the Syrian conflict on the country.

During the event
12:37 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has hosted a workshop on planning and its importance at work and at home.

Gary Anderson, CEO of DGCX
08:14 GMT
(press release)

Year-to-date volumes on the Dubai Gold and Commodities Exchange (DGCX) have surpassed the 10 million volume mark for the first time in the Exchange’s history.

September 5, 2013

Head of the Industrialists Association Nehmat Frem warned that Lebanon had crossed into dangerous territory when its public debt grew above $60 billion.
14:48 GMT

“Lebanon is almost the only country in the world where employers take the decision [to strike] when faced by economic risks,” Sleiman said at the news conference.

The country’s strong performance in terms of competitiveness rests on solid foundations made up of a high-quality institutional framework (4th), a stable macroeconomic environment (6th), and an efficient goods market (3rd), the report said.
13:55 GMT

Qatar ranked 13th on the global list of the 2013-14 Global Competitiveness Report’s index and the first in the Middle East region.

During the meeting
11:16 GMT

Dubai Electricity and Water Authority received in his office HE Tariq Khalid Al Hamd, Kuwaiti Consul General to Dubai, on the occasion of the later end tenure to the United Arab Emirates.

Abdul Aziz Bin Hathboor, Director of Consumer Protection at DED
07:08 GMT

Department of Economic Development has successfully solved consumer complaints raised on social media regarding some cinemas in the city charging an extra fee for online ticket reservation.

September 4, 2013

A more likely military strike would send gold higher again.
16:12 GMT

Gold prices have hit a three-month high in advance of possible US military action in Syria

"That is the only accurate and sure figure. Talking about thousands of factories closed as some do is an exaggeration," Abdel- Nour said during a press conference on Tuesday.
15:44 GMT

The minister for industry and foreign trade, Mounir Fakhry Abdel-Nour, has stressed that the number of Egyptian factories that have closed in recent months is not in the thousands as some reports – and government officials – have suggested