Economy & Trade

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The issue of Saudi's SMEs has been debated over the last few years (File/AFP)
April 17, 2014 - 17:39 GMT
Small and medium enterprises (SMEs) are set to contribute 37 percent to Saudi Arabia's GDP but should the Kingdom look elsewhere for investment?

May 29, 2013

Standard & Poor's Ratings Services
14:00 GMT

Standard & Poor's Ratings Services has revised the outlook on the long-term sovereign credit ratings on the Kingdom of Saudi Arabia to positive, from stable.

Dubai Chamber of Commerce and Industry
13:32 GMT

the Dubai Chamber of Commerce and Industry, in association with Al Tamimi & Company Legal Consultants, organised the Cost Effective Handling of Marine Claims workshop for its stakeholders.

During the forum
06:02 GMT
(press release)

Ministry of Finance organised the Annual Forum of 2013 at the Beach Rotana Hotel- Abu Dhabi.

The announcement came about a week after Doha Bank made public its commitment
06:00 GMT

More banks in the UAE are joining the SME lending bandwagon to expand their market share of the country’s financing segment.

Emirates NBD said it is also committed to extend special interest rates
05:00 GMT

Emirates NBD and Dubai SME have entered into a strategic partnership to extend up to Dh50 million in new loans dedicated to Emirati entrepreneurs and small businesses.

May 28, 2013

This rapid growth was primarily driven by the services sector and the gas sector
12:17 GMT

Enhanced private sector activity stimulated by higher government spending and growth in the non-oil and gas sector will drive Qatar’s real GDP growth to 6.5% this year and 6.8% in 2014.

Hike will undoubtedly have a negative impact on the price of products for consumer
12:04 GMT

Businessmen working in Egypt’s building materials sector warned that steel prices are expected to rise this coming June, as a result of increases in the price of raw materials and the continued devaluation of the Egyptian pound.

Askar Shokybayev, Consul General of the Republic of Kazakhstan in Dubai and Northern Emirates
11:20 GMT

The Dubai Chamber of Commerce and Industry has finalised its preparations for sending out a business delegation on the CIS Regional Trade Mission starting on June 2 in Kazakhstan and concluding on June 5 in Uzbekistan.

Department of Economic Development and Commercial Bank of Dubai
10:18 GMT

Department of Economic Development and Commercial Bank of Dubai have signed an agreement to provide automated business registration and licensing services across CBD counters.

Chris Hayman, Chairman, Seatrade
09:57 GMT
(press release)

Seatrade Middle East Workboats & Offshore Marine will see an exciting new component added to the biannual industry showcase.

May 27, 2013

Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, receiving UNDSS Certificate from Tamer Hammouda, Security Advisor, UNDSS, in presence of Mosa Elayan, Security Associate, UNDSS and DP World, UAE Region senior officials
10:47 GMT

Global marine terminal operator DP World announced 27 May that its flagship Jebel Ali Port has become the first port in the Middle East Region to achieve the United Nations Department of Safety and Security Certificate.

Egypt falls to 107th place in WEF's global competitiveness index
06:13 GMT

Uncertainties associated with Egypt's post-revolution transition adversely affect country's ranking in World Economic Forum (WEF)'s Global Competitive Index for 2012/13

PDO signs $30mn deal to boost Omani manufacturing
06:00 GMT

Petroleum Development Oman (PDO) has signed a US$30mn contract with Schlumberger, a leading international oilfield services company, which will increase the amount of Omani-made materials used in the oil and gas sector.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai
05:39 GMT
(press release)

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the Best M-Government Service Award.

May 26, 2013

Investment Corporation of Dubai
11:40 GMT

Investment Corporation of Dubai (ICD), the holding company for some of the emirate's best-known companies, may increase the size of a $2 billion loan after significant interest in the deal from lenders, banking sources said.