Economy & Trade

Featured Story:

Flexible payment methods have facilitated this increase, upholds Zamzam, drawing attention to online payments and door-to-door donor collection facilities.
July 28, 2014 - 04:01 GMT
Egyptian charities, it seems, have not escaped the ramifications of the economic crisis triggered by the January 25 Revolution in 2011

August 15, 2013

“Industrial estates will be built in Tafileh, Ajloun and Jerash, since these governorates are a priority because of the high rate of poverty and in light of their geographical location,” Minister of Industry, Trade and Supply Hatem Halawani said at the meeting.
08:10 GMT

It's time to steer the conventional investing mentality towards Jordan's underprivileged governorates. A new economic and social reform agenda is now at play in Jordan.

Dubai Chamber
05:51 GMT

Dubai Chamber of Commerce and Industry study states that the UAE is expected to pursue its diversification programme through large-scale investments in the manufacturing sector.

August 14, 2013

The 51-year-old Pakistani said his staff battled for two and a half hours to keep the blaze away by using fire extinguishers and water hoses.
13:22 GMT

Monday’s blaze also tore through three yards in Industrial Area five before it was contained eight hours later, an official said.

 Beirut swapped spots with Abu Dhabi as the most expensive Arab city in the region, while Jeddah (186) in Saudi Arabia continues to offer the cheapest cost of living for expats.
07:21 GMT

A survey looks at 214 cities across five continents and judges over 200 factors in each location, including transport, food, clothing, household goods and entertainment. Housing often accounts for the biggest expense for expatriates and is thus a decisive item behind the results.

August 13, 2013

GCC sovereign funds accounted for 32.6 percent of the global SWF assets valued at $5.2 trillion
13:35 GMT

Saudi Arabia ranks top in the volume of assets of sovereign wealth funds (SWFs) among the GCC countries at $641 billion.

According to the latest world investment report released by the United Nations Conference on Trade and Development (UNCTAD), Iran absorbed nearly 5 billion dollars worth of foreign investment in 2012, which is 17 per cent more than 2011.
12:26 GMT

The nominee for the post of industry minister reported that Iran needs annual domestic and foreign investment of about $300 billion until 2015. Would such a target be attainable?

August 12, 2013

The service sector experienced the largest decline in investment - down 21 percent on last year - followed by the industrial sector - down 5 percent - and energy - down 4.3 percent.
14:28 GMT

Foreign direct investment in Tunisia fell by 1.3 percent in the first half of 2013, official data showed on Saturday, a likely reflection of political strife in the north African state.

11:20 GMT

Dubai Chamber of Commerce and Industry,in partnership with Thomson Reuters, is organizing the first ‘Global Islamic Economy Summit’ in Dubai on November 25 and 26,2013.

Owners of different businesses have expressed their frustrations, as their sales had fallen by 20 per cent during the first days of the Eid festival, as compared to the previous years.
07:49 GMT

Eid is the 'peak business season' for traders of different commodities, this year brought a 'big surprise' to business owners, as the number of customers was far less than what they had earlier expected.

The Dubai stock benchmark DFM General Index fell 0.24 per cent to close at 2667.65.
07:37 GMT

Abu Dhabi and Dubai indices fell on Sunday, the first day after the long Eid holiday weekend, amid a drop in trading volumes and a dry news spell globally at the end of last week.

August 7, 2013

700,000 inhabitants of those areas will benefit from the project and will have their living conditions improved
11:10 GMT

The EU Delegation in Tunisia has made a grant of €32.9 million to Tunisia to renovate 119 neighbourhoods throughout the territory;

August 6, 2013

Officials from Sharjah are to target Washington and New York next month on an investment roadshow (Getty images)
12:30 GMT

The first roadshow to the US hopes "open new avenues of cooperation in various areas, particularly with the huge participation of public and private sector in the delegation".

A healthy inflation target in stable economies ranges between 2-3%.
12:14 GMT

Iran's inflation rate hits 33.9 percent.

International Business Network
10:11 GMT

The Dubai Chamber of Commerce and Industry Tuesday launched an online business community, International Business Network (IBN).

Dubai Electricity and Water Authority
06:09 GMT
(press release)

Dubai Electricity and Water Authority has been entered into the Hall of Fame for Investors in Excellence by the British Investors in Excellence organisation.