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“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

December 11, 2013

In comparison with Central and South America, Dubai’s trade with the Pacific Alliance countries is significant. (Image credit: Huffington Post)
08:00 GMT

The Pacific Alliance, a new Latin American economic bloc that accounts for 26 per cent of Dubai’s overall trade with the region, made its Gulf debut with an official launch in Dubai on Tuesday.

Ahmed Butti receives the award from Khalil Saqer
04:47 GMT

Dubai Customs won the "New Market Solution Award" for the applications that were developed and employed during the WCO IT Conference and Exhibition.

December 10, 2013

Urban consumer inflation stood at 10.4 percent in October and at 4.25 percent in November 2012.
16:39 GMT

Egypt’s annual urban consumer inflation rose to 13 percent in November

During the event
09:39 GMT

Under the patronage of the Department of Economic Development and Dubai FDI have officially launched ‘The Pacific Alliance’.

December 9, 2013

Ahmed Butti Ahmed during his meeting with the Chinese Consul General in Dubai
11:03 GMT

His Excellency Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation, and Director General of Dubai Customs, received H.E Tang Weibin, Chinese Consul General in Dubai.

Riyadh Gov. Prince Khaled bin Bandar will open the forum Monday evening (Courtesy of the Government of Saudi Arabia)
07:00 GMT

The sixth edition of the Riyadh Economic Forum will commence in KSA's capital Monday evening. The three-day conference will discuss the future of the Saudi Arabian economy and outline strategies to boost the country's development overall.

Non-oil trade is vital to the long term strength of the UAE economy. (Image credit: Shutterstock)
05:09 GMT

Dubai’s non-oil foreign crossed the Dh1 trillion (USD $272 billion) threshold during the first nine months in 2013

December 8, 2013

Kuwait's National Bank says the country's inflation rate will reach 2.6 percent by the end of the year (Shutterstock)
11:31 GMT

Kuwait's inflation reached a nine-year low in October at a modest 2.7 percent, despite excessive consumer spending in recent months.

More IPOs are expected to come in MENA based on the activity which occurred in the first half of the year. (Image credit: Shutterstock)
06:30 GMT

Initial public offerings are set to be revived in the Middle East and North Africa (MENA) as conditions in the capital markets improve, a new report by Ernst and Young said.

The forum resulted in Gulf investors committing to launch a total of 66 new projects in Egypt, according to state news agency MENA.
03:55 GMT

For private Gulf Arab investors, whose businesses in Egypt faced legal challenges after Mubarak's overthrow, a return will only come with guarantees that their money will be safe.

The Lower House Financial Committee will request the government to downsize the 2014 state budget draft law, head of the committee said Saturday.
03:55 GMT

The draft budget for 2014 shows an increase in spending by JD920 million over the 2013 budget, taking government spending to JD8.096 billion.

December 5, 2013

 He described the agreement as an opportunity to learn more about Egypt’s numerous promising industries and sectors that may benefit from the joint venture.
13:29 GMT

Abu Dhabi’s Khalifa Fund for Enterprise development has signed an agreement to provide $200 million to Egypt’s Social Fund for Development (SFD) to support the development of small enterprises.

Yemen became a member of the WTO Wednesday (Achmad Ibrahim/AP)
12:19 GMT

Yemen joined the World Trade Organization Wednesday after 13 years of negotiations with the global trade group.

UAE's Minister of Economy called on the WTO to accelerate the membership process for developing countries interested in joining the global trade group (File Archive)
09:53 GMT

UAE Ministry of Economy Sultan bin Saeed Al Mansouri called on delegations at the World Trade Organization meeting Thursday to deliver a balanced deal that "servers the interests of developed, developing and least developed countries alike."

The secretary-general of the Kuwaiti liaison commission for environmental rehabilitation, said that the Kuwaiti compensation claims, according to UN resolution 258, cover six restoration ventures.
03:55 GMT

Kuwait is due to receive approximately $744 million in a few days from the United Nations Compensation Commission (UNCC) for disbursement in environmental rehabilitation