Economy & Trade

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To finance the 2015 budget, the government will need a total of 8 billion dinars ($4.5 billion) of which 5 billion dinars will come from foreign sources.
October 14, 2014 - 14:46 GMT
His comments underlined the obstacles still faced by many economies in the region three years after the Arab Spring.

October 27, 2013

During the CSR Label Ceremony
05:17 GMT

The Dubai Chamber of Commerce and Industry honoured 11 major organisations for their corporate social responsibility and sustainability efforts during a recognition ceremony held at its premises recently.

October 24, 2013

He said that the committee in charge of studying the problem of laid off workers at the time of the global economic crisis found that the number of Kuwaiti citizens working for the private sector, ostensibly affected by the crisis, was not as high as once thought.
13:26 GMT

Up to KD 18.5 million have been paid out to citizens laid off from jobs in the private sector, covering the period from August 2008 to October 2013

The cost of capital projects that need to be implemented to integrate Syrian refugees for a three- to five-year stay is estimated at around $870 million.
10:34 GMT

“The heavy presence of Syrians in the local market is the direct reason behind the increase in unemployment rates this year,” Saif said.

October 23, 2013

President Hassan Rouhani inherited an economy in recession as international sanctions against the country weakened its currency and accelerated inflation to about 40 percent in September.
11:03 GMT

Meanwhile, Iranian First Vice President Es’haq Jahangiri has said that bad loans of the Iranian banking system amount to 700 trillion rials (about $28 billion

Dubai Exports
10:26 GMT

Dubai Exports has taken 27 local exporters to Azerbaijan to participate in BakuBuild, billed as the largest exhibition for construction and related sectors anywhere in the CIS and Eastern Europe.

Dubai Chamber
09:32 GMT

A recent Dubai Chamber study released on the sidelines of Gitex 2013, revealed that the market for consumer electronics is likely to remain strong in the wake of lifestyle changes region-wide.

October 22, 2013

Kerry thanked Qatar's ruler and people as well as the minister for their economic support of the Palestinians and said other Arab states are expected to follow their example.
15:09 GMT

Qatar has agreed to provide $150 million in debt relief to the Palestinian Authority, U.S. Secretary of State John Kerry announced Monday.

Ibn home
11:42 GMT

The Dubai Chamber of Commerce and Industry announced that its recent launch of the International Business Network is proving a strategic tool for promoting Dubai’s investment environment.

October 21, 2013

There are several expat workers in the private sector who have been suspended by their employers and they hope to transfer their sponsorships before the end of the amnesty period.
11:27 GMT

Human resource supervisors in private companies told Arab News that their companies will transfer sponsorships of expat workers who are crucial to them, while releasing other part-timers due to difficulties in changing their sponsorships.

At the governorate level, the data indicated that the inflation rate in August 2013 showed that prices fluctuated, rising in some governorates, falling in others and remained stable in other governorates.
08:29 GMT

Oman’s inflation rate in August 2013 is the lowest compared to other GCC countries.

GITEX
05:35 GMT

Dubai Chamber of Commerce and Industry is showcasing its e-services offered to the private sector through its stand at GITEX Technology Week.

October 20, 2013

Dubai Investments
09:44 GMT

Dubai Investments has pointed out that its pioneering business models across diversified sectors haveachieved healthy growth with a steady demand from new businesses entering the market and renewed confidence amongst the existing players.

Messages sent warn companies and individuals against providing cover to the undocumented expatriates and those overstaying their visa period.
09:28 GMT

Ministries of Interior and Labor have started sending text messages to citizens, companies and establishments warning them against employing illegal expatriates and having financial dealings with them.

DED online services at Gitex Technology
05:53 GMT

The Department of Economic Development in Dubai is participating in the GITEX Technology Week, to be held at the Dubai World Trade Centre 20-24 October 2013.

October 18, 2013

According to the economists, the consumption expenses of Kuwaitis are higher than their savings and investments.
11:09 GMT

Kuwaitis and expatriates spent around KD280 million over the last seven days as part of preparations for the Eid Al- Adha holidays, reports Al-Kuwaitiya daily quoting sources.