Economy & Trade
August 21, 2013
The Central Bank of Iran has announced that the inflation rate for the 12-month period ended the fourth Iranian calendar month of Tir (July 22, 2013) compared to the same period in the previous year hit 37.5 percent.
"Kuwaitization" was created by the government a few years ago to encourage Kuwaitis to work in the private sector as there were no available vacancies in the public sector for fresh graduates
A high level delegation from Argentina led by the Vice President, His Excellency Amado Boudou, today visited DP World headquarters in Jebel Ali.
The government says it has put the final touches on the country's economic roadmap.
Dubai Electricity and Water Authority has issued a request for tenders for the new clean coal power plant, as part of its efforts to diversify Dubai’s energy mix, and use new sources to generate electricity.
August 20, 2013
More than half of the companies in the Middle East and North Africa (MENA) are considering hiring in the next 3 months.
Planning and International Cooperation Minister Ibrahim Saif noted that the World Bank had extended a $70-million soft loan to Jordan earlier this year to finance SMEs, adding the funds are currently deposited at the Central Bank of Jordan.
The GCC’s positive performance is further accentuated when placed in the context of developing economy and world FDI flows, both of which declined in 2012.
Dubai Chamber of Commerce and Industry in partnership with National Transport Authority organised a workshop on Land Transport Law and its by-laws at its head office.
This is the first time that the government’s annual spending undershot its budget plan since 1990 – a sign of the difficulties which Qatar is having in pushing forward huge and complex infrastructure projects.
August 19, 2013
Department of Economic Development has set up an External Relations section as part of reaching out to potential investors and enabling them to set up and expand their businesses in Dubai.
A Municipal delegation headed by Mr. Mohamed Hareb Al Ketbi paid a visit to the Municipality of Dubai during which he was briefed on land classification system in the emirate.
The stock market closed Aug. 15 in the first unscheduled shutdown since January 2011, when it suspended trading for almost two months.
August 18, 2013
The Daily News Egypt spoke to a number of Egyptian economists to explore how the economy will be affected by the recent political turmoil and resulting violence.
The banks appear to be in a healthy condition and the government’s fiscal position is strong enough that it can respond to any sharp deterioration in the economy by ramping up spending.