Economy & Trade

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The KSE was able to compensate some of its previous weeks' losses
Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 6,577.81 points, up by 5.58 percent from the week before closing, the Weighted Index increased by 5.95 percent after closing at 441.59 points, whereas the KSX-15 Index closed 1,069.99 points up by 7.19 percen

November 19, 2013

The Forbes study identified the talent leading the MENA operations of the world's most powerful corporations. (Image credit: Shutterstock)
08:08 GMT

A Forbes study showed that showed that the UAE as the preferred location for global organizations to establish regional headquarters, with a massive 93 percent of companies favoring the nation as a base.

Marine Guidelines Handbook, to spread awareness of safety and security procedures and mitigate risks of not complying to these procedures
04:48 GMT

The Coastal Customs Centres Department at Dubai Customs has issued a Handbook of Marine Guidelines for Traditional Vessels.

The company was only "ghost-run" by an Emirati, when in fact, an expat did all the work.
03:55 GMT

The ministry ruled the company, owned by an Emirati, had violated its licensing terms.

In an earlier statement Al-Tekhaifi said that jobs in more than 7,000 lingerie shops have been completely feminized.
03:55 GMT

The undersecretary described working from home to be the most suitable for women and said it will be implemented in the next few months.

November 18, 2013

Eypt is safe from risks of rising external debt levels and the current debt size poses no threats, said Deputy Prime Minister and Minister of International Cooperation Ziad Bahaa El-Din in a press conference on Sunday.
18:08 GMT

Economic analyst and CEO of Comesa Company Sherif El-Kheriby said that he considers this statement optimistic, but that it would be possible to repay external debts once the economic situation is stable

“The programme will help private sector in Jordan grow… We need to make sure all Jordanians across the country feel the benefit of the programme and we have to make it succeed,” said the top US diplomat in Jordan.
14:51 GMT

A $45 million programme to help attract $700 million in foreign direct investments and create some 40,000 jobs over the next five years got under way on Sunday in the Kingdom.

Emirates Insolaire Press Conference
10:14 GMT

In a step that is set to revolutionize glass technology across the globe, Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market [DFM], today announced the launch of the first-of-its-kind,coloured solar glass in the world which generates energy on its own.

Roughly 70.8 percent of job seekers are aged 15 - 29 years, compared to 74 percent in the previous quarter.
03:55 GMT

The number of unemployed increased by 30,000 in Q3 2013, resulting in some 3.6 million jobless Egyptians.

November 17, 2013

Dubai Customs
10:22 GMT

Dubai has bolstered its good standing in the fruit and vegetable trade by fostering growth in the international trade of these items.

Iraq's GDP growth has been driven by oil. (Image credit: Shutterstock)
07:01 GMT

Iraq continues to expand its oil resources, but further economic diversification is needed, according to QNB Group.

A number of Saudi investors in Egypt have faced hurdles as projects stalled following the 25 January Revolution. Some Saudi investors are seeking compensation for the nationalisation of their assets.
03:55 GMT

This came during a meeting on Thursday between Abdel Nour and the Egyptian side of the Egyptian-Saudi Business Council, headed by Abdel Hamid Abu Mousa, to review the council’s plans to increase the joint investments.

November 14, 2013

UAE imports more than 80 percent of its medications (Shutterstock)
11:36 GMT

The UAE is reducing prices of medications to make health care more affordable in a country where over 80 percent of health supplies are imported. Could investment in the health industry simultaneously cut down on medical prices for UAE residents and boost the economy in the future?

The Fund is expecting the economy to pick up in 2014 as global conditions improve and oil production recovers.
11:29 GMT

Most Arab oil exporters now need an oil price above $90 to balance their budgets at forecast production levels, the IMF said.

During the event
04:45 GMT

DP World was today named the Best Performing Company in the UAE and awarded the prestigious Mohammed Bin Rashid Al Maktoum Business Award for Most Outstanding Performance for 2013.

He underlined job opportunities for Jordanians as a priority, noting that 70 per cent of the Kingdom’s population will be in productivity age by the year 2030.
03:55 GMT

He underlined job opportunities for Jordanians as a priority, noting that 70 per cent of the Kingdom’s population will be in productivity age by the year 2030.