Economy & Trade

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The Saudi government is aiming to invest long-term in the country's health infrastructure (File/AFP)
April 22, 2014 - 13:48 GMT
Huge potential: The Kingdom's health insurance market could be the biggest in the region according to a medical insurance health insurance expert.

May 26, 2013

World Economic Forum 2013 in Jordan
06:00 GMT

International Finance Corp, a unit of the World Bank, is launching with several partners an investment facility worth up to $400 million for the MENA as it tries to spur lending to the region’s large pool of SMEs

Ahmad Bin Humaidan, Director-General, Dubai eGovernment
05:59 GMT
(press release)

Dubai eGovernment has won two awards for its mDubai mobile app and for its ePay gateway adding yet another milestone to its record of achievements.

May 23, 2013

It did not say how much currency it actually sold
11:57 GMT

Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports.

Jordanin Police keep guard as Syrian refugees look on at the King Abdullah Refugee Camp for Syrian refugees 2 kilometers from the Syrian border  (Photo by Chris Jackson/Getty Images)
11:47 GMT

The World Bank has proposed a $150 million loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing the civil war in Syria, Jordanian and World Bank board sources said on Wednesday.

May 22, 2013

Chevron is the second largest oil company in US
13:23 GMT

Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major.

Street vendor distributing bread in Egypt
13:08 GMT

The auction will be the central bank's second exceptional sale of foreign exchange. In April, it sold $600 million to pay for wheat, meat, cooking oil and other essential imports.

Dubai Gold & Commodities Exchange
09:12 GMT
(press release)

RTS Realtime Systems Group announced plans to open its newest data center in Dubai, the first Middle East site in its global data center network.

The IMF said a drop in oil output and lower crude prices would likely result in smaller fiscal surpluses in 2013.
06:06 GMT

Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund said Tuesday.

Average Egyptian household spends 40.6 percent of its expenditures on food
05:40 GMT

Poverty and malnutrition increased in Egypt between 2009-2011, with spikes expected as inflation increases

Resolute policy action will be necessary this year
05:00 GMT

The International Monetary Fund (IMF) is not concerned about Dubai’s ability to repay its estimated $48 billion of debt obligations, according to the director of its Middle East and Central Asia department.

May 21, 2013

During the seminar
10:30 GMT

Department of Economic Development hosted a seminar to create awareness among Emiratis working in the public and private sector using the 2013 EFQM Model.

The International Monetary Fund
10:03 GMT

Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary Fund said on Tuesday, more than it expected in April.

His Excellency Ahmed Butti Ahmed, Director General of Dubai Customs Honoring Mr. Ahmed bin Ali al-Mohannadi Director General of Qatar Customs
06:07 GMT
(press release)

Dubai Customs hosted a gala dinner to honour government entities and sponsors that contributed to the meticulous planning and seamless coordination of the event.

Abu Dhabi Corniche
06:00 GMT

A good part of the funds would be invested towards the development of the emirate’s Western Region.

May 20, 2013

Non-oil GDP rose to an expected 6.7pc in 2012
10:40 GMT

Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9pc growth seen in 2011.