Economy & Trade

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The Middle East’s share of gold consumption was 6 percent last year, compared with 7.8 percent in 2010
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.

September 3, 2013

Lebanon leads the way in the region, benefitting from a $496 million trade commitment in the past year, a 34 percent increase on the previous fiscal year.
10:40 GMT

IFC, a member of the World Bank Group, is promoting trade in the Middle East and North Africa (MENA) to help the economic integration of the region.

September 2, 2013

Al-Faisal said on 19 August that his country, which boasts a budget surplus of over $100 billion, would compensate Egypt for any aid cuts from Western nations.
13:37 GMT

Al-Faisal said on 19 August that his country, which boasts a budget surplus of over $100 billion, would compensate Egypt for any aid cuts from Western nations

During the event
13:01 GMT

Exploring what makes a great global leader will be the focus of more than 90 students from 25 countries who are visiting DP World’s flagship Jebel Ali.

Dubai Chamber
11:12 GMT

Dubai Chamber of Commerce and Industry’s Center for Responsible Business, organised a session for its Sustainability Network members at its headquarters in collaboration with Emirates Wildlife Society in association with WWF.

Marijuana drug stuffed inside the clothes
10:56 GMT

Dubai Customs inspectors at the Cargo Village seized 2.7kg of marijuana in a parcel crossing through Dubai in transit between two Asian countries.

The minister said that priority was given to funding “added-value projects that can solve central issues of energy, water and transportation”.
07:36 GMT

Qatar is the only member of the council that has not paid any part of its contribution.

August 29, 2013

The government would present its economic programme to Gulf Arab countries, in particular the United Arab Emirates, which has already agreed to finance medical projects and 10 wheat silos.
13:28 GMT

The army-backed interim government is keen to improve conditions for a deeply polarised population battered by more than two years of political and economic turmoil.

During the visit
13:24 GMT

Dubai Customs received a delegation from Emirates Post Group.

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.