Economy & Trade
February 5, 2014
Oman’s National Gas Co SAOG confirmed on Wednesday that its chief executive had been detained by the public prosecutor over suspected bribery.
A delegation of more than 100 French companies arrived in Tehran on Monday in the biggest demonstration of western business interest in Iran for more than a decade
Business licenses issued by the Department of Economic Development (DED) in Dubai over the final three months of 2013 was 12 per cent higher than those issued during the same period of 2012.
Cigarette prices went up by 100 fils per pack as of Tuesday under a government decision to raise taxes on tobacco and alcohol.
DP World Limited handled 55 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2013, with gross container volumes growing by 0.7% on a like-for-like basis.
February 4, 2014
US officials declared on Tuesday that Iran is “not open for business” and vowed to scrutinise companies heading to the Islamic republic since it entered a temporary nuclear agreement.
DP World welcomed the container vessel CMA CGM Kailas on its first call at Jebel Ali Port, marking a new service between the UAE and Somalia, supporting trade links and the growth of the Somali economy.
US Secretary of State John Kerry came under further attack Monday by Israeli hawks who accuse him of manipulating the threat of an economic boycott to pressure Israel into peace concessions.
February 3, 2014
Iran and China will soon sign a agreement setting a “roadmap” to boost cooperation in a wide range of economic sectors
EU nations are preparing (and competing!) for Tehran investments following the easing of sanctions against the country.
Italian prime minister said he had “very successful’’ talks with the UAE leadership that covered variety of issues including regional and international situation, including Iran, Egypt and Syria.
This is good news for a nation that is struggling to reduce ballooning current account deficit.
February 2, 2014
Al-Humaidhi expressed optimism about the Egyptian economy's recovery, and stressed Kuwait's availability to help.
A strong Dubai Chamber of Commerce and Industry-led trade mission will leave tomorrow (Tuesday) for Hamburg to participate in the 4th Dubai Hamburg Business Forum.
Oman’s efforts aimed at building trade infrastructure and diversifying its economy will help the country become a major player in global trade.