Economy & Trade

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Saudi Arabia, as the world’s largest exporter of oil and the largest economy in the Arab world, has systemic importance to the world economy and the international financial markets.
January 28, 2015 - 14:02 GMT
Late King Abdullah bin Abdulaziz, the sixth king of Saudi Arabia, had a profound impact on the Saudi economy and oil policy.

December 24, 2013

During the visit
05:30 GMT

The Dubai Chamber of Commerce and Industry received a high profile delegation from the Oman Chamber of Commerce and Industry to exchange expertise, knowledge and best practices in the areas of human resources.

December 23, 2013

The dissolved People’s Assembly had approved a law that would increase compensations for the families of martyrs from EGP 30,000 to EGP 100,000 before it was disbanded.
19:05 GMT

Around 670 of martyrs’ families and 3,200 of the injured have already received compensations.

Trade between the UAE and China has seen constant growth in the past years. (Image credit: ciee.org)
09:26 GMT

Chinese companies have expressed their keen interest in setting up their base of operations in Dubai, according to a top official of Jafza.

December 22, 2013

Dubai Police delegation visits Dubai Customs
10:57 GMT

Dubai Customs’ smart mobile-enabled services, launched early October, as part of its transformation into the first 100 % smart government department, have attracted the interest of both federal and local government departments.

His Excellency Sami Al Qamzi, Director General of DED
06:47 GMT
(press release)

The Department of Economic Development has announced a novel project that will further align retailing in Dubai with the ‘Smart City’ initiative of His Highness Sheikh Mohammed Bin Rashid Al Maktoum.

December 19, 2013

Turkey held the first ever Syrian Economic Forum this week in Gaziantep (Courtesy of Al Arabiya)
10:31 GMT

Turkey held the first ever Syrian Economic Forum this week to discuss strategies to rebuild the deteriorating Syrian economic situation.

December 18, 2013

"A swift implementation of the voluntary measures by all sides is now key," the EU ministers' statement said.
17:15 GMT

An EU official said the suspension would take place "as soon as possible" .

The article received a severe backlash from readers and senior Pakistani officials in the UAE, who ridiculed the article and demanded an apology.
11:56 GMT

Pakistan’s foreign Affairs Ministry has slammed a recent editorial by Dubai newspaperGulf News, which accused the country of “betraying” the UAE by not supporting Dubai during the Expo 2020 vote on November 27.

In total, 32 per cent of government staff will benefit from the new move.
11:23 GMT

The increment will be paid retroactively as of June 2013 and will be adjusted in the December 2013 salary, the statement added.

Dubai Chamber of Commerce and Industry
09:21 GMT

The Dubai Chamber of Commerce and Industry’s International Representative Office in the Ethiopian capital Addis Ababa recently organised a roundtable discussion.

December 17, 2013

Sunday’s hearings were postponed to Dec. 26 after defence lawyers sought time to review evidence presented by the prosecution.
10:14 GMT

The charges, mostly involving infrastructure projects, were outlined in six trials that opened on Sunday.

December 16, 2013

Bahrain's oil investments have contributed to 45 percent of the country's output growth this year (File Archive)
11:04 GMT

Bahrain's economy grew 4.6 percent over the past year based on third quarter data.

Younis Othman, IT Director at Dubai Customs
06:58 GMT

Dubai Customs has earned renewal of its ISO 27001:2005 Certificate for Information Security Management for the fourth successive year, as a result of an audit by global quality certification provider TÜV Rheinland.

The majority of MENA economies are expected to grow over the next year partially owing to higher oil production. (Image credit: Shutterstock)
05:00 GMT

Qatar is expected to show the strongest medium term growth.

December 15, 2013

However, this may be a short-lived title as pressure is building on the currency and a devaluation is likely in the near future.
15:10 GMT

The survey found that the Venezuelan capital, Caracas, is currently the most expensive place in the world for expatriates, but where do Arab states stand?