Economy & Trade

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“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
January 25, 2015 - 04:55 GMT
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

January 29, 2014

The trade deficit in 2013 reached $17.292 billion, compared to a deficit of $16.797 billion in 2012
08:42 GMT

Lebanon’s trade deficit widened by 2.525 percent in 2013 compared to 2012 as exports fell by more than $480 million.

Providing further studies on the economic consequences of cutting aid, Dcode mentioned that increased imports of military equipment would exert pressure on foreign currency resources in short-term.
03:55 GMT

“On a per capita basis, total US aid to Egypt decreased from $44 in 1991 to $18.5 in 2013, the lowest compared to Jordon and Israel,” according to Dcode.

January 28, 2014

During the event
13:03 GMT

DP World’s Jebel Ali Container Terminal 3 (T3), inaugurated by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE is set to be the world’s largest semi-automated facility.

January 27, 2014

The communications equipment and other items are being funneled for now only to non-armed opposition groups, said the US officials.
19:32 GMT

The US officials, who were not authorized to speak publicly on the matter and demanded anonymity, said the aid was being sent through Turkey into Syria.

Mr Yousuf Al Hashemi, Director of the IPR Department at Dubai Customs
11:56 GMT

Dubai Customs kicked off the new edition of the annual IP Award for public and private schools, universities and colleges countrywide for the school year 2013-2014.

January 26, 2014

Dr. Abdul Wahab Madani, Director of Customs Training Center
05:44 GMT

Dubai Customs launched its employee training plan for 2014, as part of the multiple efforts exerted to build human resources capabilities and enhance their productivity and performance.

January 24, 2014

“UAE intellectuals, experts and leaders will be involved in preparing papers and research material that reflect our country’s vision on many global issues," said AlGergawi.
20:58 GMT

A strategic partnership between the Government Summit in the United Arab Emirates and the World Economic Forum (WEF) was announced on Thursday following a meeting in Davos

January 23, 2014

His Excellency Sami Al Qamzi, Director General of DED
09:29 GMT
(press release)

Dubai Exports (DE), the export promotion agency of the Department of Economic Development (DED), Government of Dubai, formally opened its overseas office in Mumbai.

The ambassador and the prince also discussed a number of topics related to economic bilateral ties between Saudi Arabia and Portugal.
03:55 GMT

The prince welcomed the idea to invest in Portugal and promised to visit the country in the near future.

International business leaders gathered in Davos for the 44th World Economic Forum Annual Meeting urged governments on Wednesday to make policy changes needed to stimulate the job market and restore trust between businesses and civil society.
03:55 GMT

“We must change the dialogue from what we do with the money we make to how we make the money,” Indra Nooyi, chairman and chief executive officer, PepsiCo, USA, said.

January 22, 2014

While not neglecting subsidizing other goods, the official said that prioritizing energy products over other goods is due to a new direction followed by the government.
22:04 GMT

Egypt is participating in the forum to restore international confidence in the country’s economy, and present some planned reforms.

Growth in the Middle East and North Africa, along with Afghanistan and Pakistan, is expected to stand at 3.3 percent this year, lower than the 3.6 percent
13:55 GMT

The International Monetary Fund (IMF) has cut its growth forecast for the Arab world, despite the global economy being expected to pick up in 2014.

Saudi Arabia is poised to become the first manufacturing country in the region
10:13 GMT

Saudi Arabia has the golden opportunity to attract global investments and is moving in the “right way” to become the leading manufacturing country in the region.

All in all, Iran’s trade balance with 96 countries was positive in the first eight months of 2013, according to data released by the Iranian Customs Administration Office.
00:02 GMT

The two-way trade grew by 5.3 percent in the first ten months of 2013 in comparison to the corresponding time last year.

January 21, 2014

Dubai Customs
04:55 GMT

Dubai Customs effectively thwarts smuggling bids of all goods infringing local and international laws.