Economy & Trade
April 29, 2013
Qatar's loan to Egypt, in the form of bond-buying, is yet to materialize as negotiations continue over proposed interest rates.
Dubai Chamber of Commerce and Industry as it won the Best CSR Project in the World Chambers Competition on the concluding day of the 8th World Chamber Congress in the Qatari capital Doha.
DP World today announced the launch of TURN8 seed accelerator programme designed to encourage innovative entrepreneurship worldwide, starting with Dubai.
The Department of Economic Development in Dubai will honour the winners of the 2012 cycle of the Dubai Quality Award, Dubai Human Development Award and the Dubai Service Excellence Scheme.
Egypt is negotiating the interest rate on $3 billion worth of Egyptian treasury bonds that Qatar committed to buying earlier this month, Planning Minister Ashraf El-Araby has said in comments reported by state-owned Al-Ahram daily.
April 25, 2013
The UAE's GDP will grow by four per cent by the end of this year, according to the country's Ministry of Economy.
Egypt is still in negotiations over a $3 billion loan from Qatar, with an interest rate of around 5 percent currently being discussed.
Saudi-owned projects worth 5 billion riyals ($1.3bn) have stalled in Egypt, with at least 20 projects pending, a senior minister has said.
DP World Limited will today hold its Annual General Meeting for the year ended 31 December 2012.
April 24, 2013
Egypt and the International Monetary Fund have agreed on the main aspects of a US$4.8 billion loan and the deal will be ready for implementation by the end of May, predicted regional IMF representative Abdel Shakour Shaalan.
The European Union Tuesday contributed €1.6 million ($2.0 million) to the tenth payment under the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG) program, said an EU press release.
Egyptian Finance Minister El-Morsi El-Sayed Hegazy officially submitted the government's 2013/14 budget to the Shura Council (Parliament's upper house) on Tuesday.
April 23, 2013
Trade representatives from the European Union and Morocco have begun talks to upgrade a trade agreement, the European Commission said Monday.
Bahrain's economy is set to grow by 4.5 per cent this year and over 5pc next year, according to a leading private bank's top economist.
The DED in Dubai and the Dubai Municipality have signed a memorandum of understanding to launch the ‘Bareeq Excellence Award’ for best practices and outstanding service in gold and jewellery sector.