Economy & Trade

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In their efforts to satisfy their individualistic desires, Egyptians are happy to achieve the tiniest self-realisation at the cost of the country’s welfare.
In principle, every citizen deserves a better life; why should people suffer if their lives can be improved?

August 29, 2013

Abe is on a six-day trip through Thursday that has taken him to Bahrain, Kuwait, Djibouti and Qatar.
12:09 GMT

Japan’s Prime Minister Shinzo Abe has said his country and Qatar have agreed to build a “partnership for stability and prosperity” and the three agreements signed during his current visit to Doha will further enhance the already strong bilateral relationship.

August 28, 2013

The two countries enjoy strategic interests and are signatory to several agreements in the areas of trade and investments.
11:09 GMT

Jordan Chamber of Commerce (JCC) President Nael Kabariti said this week that the chamber will organise a visit for a Jordanian delegation to Egypt next month to look into the possibility of establishing joint ventures.

Department of Economic Development
05:50 GMT

The Department of Economic Development in Dubai has expressed its appreciation for IKEA for recalling its KRITTER and SNIGLAR brands of junior beds to avoid any likely injury to users.

August 27, 2013

According to Bino, the ACC has referred major cases to the judiciary (Courtesy of: the Jordan Times).
09:01 GMT

According to Samih Bino, the answer is yes.

Japan also hopes to bolster ties to secure a stable supply of energy as about 76 per cent of Japan's imports of crude came from Gulf states as of 201. PicturedL Japanese Prime Minister, Shinzo Abe (Photo Credit: Getty images).
08:19 GMT

Abe, who is the first Japanese prime minister to visit the country, said "friendly and co-operative relations with Bahrain" will be strengthened.

August 26, 2013

The unified GCC visa would not cancel the existing system of a single GCC country visa
13:23 GMT

The GCC visa is expected to reinvigorate tourism, business, shopping travel and economic activities in the member countries.

More financial institutions in the country are placing their bets on online banking, rolling out a number of strategies geared towards reducing branch visits and reducing operational costs, and enabling customers to save time.
12:07 GMT

Analysts have said that the uptake of online banking in the region is quite low compared to other markets, but the shifting demographics and consumer profiles indicate that the retail banking landscape will soon change.

The average yield on 91-day treasury bills increased to 11.613 percent from 11.444 percent at last week's auction, the central bank said.
07:54 GMT

Financial markets are often adversely affected by political uncertainty and security breaches. However, in Egypt, the case has been different in terms of stocks and t-bills.

August 25, 2013

The Egyptian minister has approved getting assistance from the International Monetary Fund’s experts to help the government through the transformation process.
15:26 GMT

Egypt’s government mulls over switching to Value-Added Tax (VAT) as a backbone for financial discipline and social justice, the finance ministry said on Friday.

The study marks a shift in conventional economic thinking
13:34 GMT

Emerging must develop tools to control credit flows or risk relinquishing any independent monetary policy, a study shows.

Her comments come as the Fed is signalling that it could slow its bond purchases later this year if the U.S. economy continues to improve.
12:28 GMT

Any pullback should be determined by the strength of individual economies, said Christine Lagarde.

MoF organises recreational activities for children of the DHA Thalassemia Centre
11:06 GMT
(press release)

Ministry of Finance organised recreational activities for children of the Dubai Health Authority- Thalassemia Centre in its Dubai premises.

Department of Municipal Affairs
09:36 GMT

Department of Municipal Affairs in the Emirate of Abu Dhabi issued a decree to form a Work Team to create a sustainable capacity-building in the municipal system.

August 22, 2013

Handbags stuffed with opium
10:39 GMT

Inspectors of Dubai Customs in Dubai Cargo Village thwarted a smuggling attempt of around 4.2 kilograms of narcotic opium.

Expatriates’ remittances went up at the end of July by 2.6 per cent to $2.16 billion,
08:35 GMT

The drop was attributed to a decline in the number of tourists seeking therapeutic services in the past few months and the drop of tourists in general in July, 2013.