Economy & Trade

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The work of the Ministry of Finance is being obstructed at every corner by bureaucracy and an IT system that presents more problems than solutions. (Photo: Marwan Tahtah)
May 23, 2013 - 13:18 GMT
The Union Coordination Committee Wednesday accused the Finance Ministry of intentionally submitting salary scale bills with errors in them in a bid to delay the ratification of a wage hike in Parliament.

October 15, 2012

Dubai Chamber booth at GITEX 2012
09:35 GMT

Dubai Chamber of Commerce and Industry will showcase its e-services at GITEX Technology Week taking place this week at the Dubai International Convention and Exhibition Centre.

GDP in Abu Dhabi is growing, fuelled by the hydrocarbon industry
09:10 GMT

Growth in GDP in Abu Dhabi is better than expected, with a current rate at around three percent fuelled by the hydrocarbon sector.

The cost of living in Qatar is on the rise
08:50 GMT

The cost of living in Qatar is on the rise as the Consumer Price Index notched a two per cent year-on-year, reflected by the increased cost of food in the gulf state.

October 14, 2012

Saudi shares crash to 11 week low
13:58 GMT

Share prices in Saudi Arabia closed down 1.68 percent to an 11-week low yesterday as the market reacted to last week’s lackluster banking results, weak stocks and a dip in energy prices. The fall to 6,682 points leaves the index at its lowest mark since July 25, Reuters reported.

Iran is trying to increase non-oil exports
13:29 GMT

Iran is increasing non-oil exports in an effort to deal with a currency crisis and the effects of sanctions imposed because of its alleged nuclear ambitions. The Deputy head of Iran's Trade Promotion Organisation has said that that the sanctions "provide a special opportunity"

Yemen to get support from the World Bank at the local and central government levels
12:52 GMT

The World Bank has offered technical and advisory support at both the local and central government levels, it has been announced.

HE Hamad Buamim-DG-Dubai Chamber & HE Omar Bahlaiwa- Secretary General of the Council of Saudi Chambers
10:09 GMT

Dubai Chamber of Commerce and Industry hosted a delegation led by the Council of Saudi Chambers at its head office recently.

Trade between the UAE and Japan increased 15 per cent in the first six months of 2012
09:25 GMT

Trade between the United Arab Emirate and Japan has increased 15 per ent year on year, in the first six months of this year, new figures show.

Community Development Authority
06:51 GMT
(press release)

The Community Development Authority (CDA) in Dubai is participating in GITEX 2012, the premier technology exhibition and conference in the Middle East, under the Dubai e-Government umbrella.

Department of Municipal Affairs
06:45 GMT

A delegation of the Department of Municipal Affairs attended the European Foundation for Quality Management Forum 2012 EFQM in Brussels.

Dubai World Central
06:31 GMT
(press release)

DWC’s state-of-the-art aviation and logistics facilities and groundbreaking multi-modal infrastructure among key presentation highlights.

DED Public services App
06:26 GMT

The Department of Economic Development, DED, in Dubai is showcasing its latest technology innovations and eServices for customers at the Gitex Technology Week 2012.

Saudi showing its financial might in the region by adding to World Bank fund for Arab Spring economies
06:00 GMT

Saudi Arabia has pledged $25 million to a World Bank “transition fund” that aims to ease the economic situation in nations affected by the Arab Spring, the Kingdom has announced.

His Excellency Sami Al Qamzi, Director General of DED
05:38 GMT

Dubai Exports has been shortlisted for the prestigious International Trade Centre Trade Promotion Organisations Network Awards of the World Trade Organisation for the second consecutive time.

October 11, 2012

Egypt's finance watchdog will have the power to take people to court
13:26 GMT

Under new decree, those keeping tabs on Egypt's state spending will have the right to refer lawbreakers directly to prosecution, according to the Justice Minister.