Economy & Trade

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Since the military’s return to the top political table in July 2013, it seems to have accelerated its economic activities and intensified its hold on the country.
Today
Egypt's generals the economy to develop along lines of their choosing and have taken the opportunity not just to entrench their business activities even further, but upscale and expand them.

March 20, 2014

Dubai launched its first entrepreneurship academy earlier this year to  support the growth of SMEs in the emirate (Courtesy of Gulf Business)
14:00 GMT

Small and Medium Enterprises are expected to grow in the UAE over the next few years.

Between 2011 and 2012, UAE-Mexico bilateral trade increased by 27 per cent from Dh4.1 billion to Dh5.2 billion
08:55 GMT

The Mexican government is looking to strengthen cooperation and explore joint investment opportunities with the UAE.

His Excellency Sami Al Qamzi, Director General of DED
05:57 GMT
(press release)

The Department of Economic Development (DED), Government of Dubai has commissioned a project to assess the feasibility and subsequent establishment of an Exim Bank.

March 19, 2014

The Egyptian businessmen desire to invest more in Sudan and cooperate in the agriculture sector
09:55 GMT

The volume of Egyptian investments in Sudan reached $7.8 billion spread among 230 ventures.

During the signing of the agreement
08:48 GMT

Dubai Customs and Dubai Media Incorporated (DMI) have signed an agreement of cooperation to enhance their existing joint strategic partnership.

Economists polled by Reuters in January saw 2 percent growth for the year ending June 2014.
03:55 GMT

Ashraf Al-Arabi said Egypt had spent 25 billion Egyptian pounds ($3.59 billion) of 64 billion pounds pledged in stimulus packages, with much of that money coming in aid from the United Arab Emirates.

March 18, 2014

During the CFB Mexico
11:40 GMT

H.E. Hamad Buamim, President and CEO, Dubai Chamber of Commerce and Industry, called upon Dubai businesses to benefit from the Chamber’s initiative of exploring promising markets of the world.

The funds aim at supporting the state budget
09:55 GMT

Japan will transfer JD82 million ($118 million) to the Kingdom’s Treasury before the end of this month in the form of a soft loan.

March 17, 2014

Saudi Arabia's inflation rose from 2.9 to 3.5 percent last year, but authorities are saying that the situation "remains under control" (File Archive)
11:00 GMT

Recent US Federal Reserve purchases will not effect Saudi Arabia's "stable" economy, say authorities.

During the event
09:29 GMT

Dubai Chamber of Commerce and Industry welcomed a high-profile trade mission of over 35 British business representatives from the retail sector.

82 per cent of businesses in the Middle East are targeting growth in 2014
07:55 GMT

A significant 71 per cent of the companies in Oman are targeting growth and higher market share in 2014.

March 16, 2014

ACT
10:33 GMT

Aqaba Container Terminal (ACT), the preferred gateway to Jordan and Beyond, hosted the "Aqaba Supply Chain Conference 2014" in cooperation with Aqaba Ports Corporation (APC).

Younis Othman receiving IDC award
09:20 GMT

Dubai Customs has received the IDC Insights IT Excellence Award 2014 for the best IT project in terms of cost efficiency.

Abdullah Al Shehi, Director of Intellectual Property Protection Department at CCCP
07:43 GMT

The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development (DED), Dubai, has confiscated 1.2 million pieces of cosmetic products after raiding a warehouse in Ras Al Khor.

March 13, 2014

Iran sits on the world's second largest natural gas reserves after Russia (File Archive/Shutterstock)
08:40 GMT

Iran and Oman have signed an energy deal in which Tehran will provide Muscat with 10 billion cubic meters of natural gas per year.