Economy & Trade

Featured Story:

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 9, 2013

 A petroleum refinery of Qatar Petroleum stands on October 26, 2011 near Umm Sa'id, Qatar. Qatar is ranked 16th in countries with the biggest oil reserves and 3rd in natural gas reserves. (Photo by Sean Gallup/Getty Images)
10:52 GMT

Qatar Petroleum plans to list on Qatar Exchange four subsidiary companies worth $50 billion over the next two years, Qatar Exchange Chairman Hussein Ali al Abdullah said, in Doha, on Wednesday.

General View during the final day at the Cartier International Dubai Polo Challenge at the Desert Palm Hotel on February 22, 2013 in Dubai, United Arab Emirates. (Photo by Ian Gavan/Getty Images for Cartier)
06:19 GMT

UAE trade with GCC countries through Dubai is estimated at Dh95 billion in 2012 up 28 per cent compared to the previous year. Saudi Arabia accounted for 41 per cent of overall trade, Dubai Exports, An Agency of the Department of Economic Development (DED) said yesterday.

Abdullah Al-Suweilmy with Richard Banks, director, emerging markets of Euromoney, in Riyadh. (AN photo by Ahmed Fathy)
05:30 GMT

The Saudi stock market could possibly take the lead in any moves for integration of regional exchanges, say industry analysts.

May 8, 2013

Dubai eGovernment
12:12 GMT
(press release)

Dubai eGovernment has announced that it has recently signed a memorandum of understanding with the General Directorate of Residency and Foreigners Affairs-Dubai.

During the course
10:47 GMT

Department of Municipal Affairs organized a diploma training course for employees in the Land & Property Management Sector in the DMA and the Emirate Municipalities, Abu Dhabi City, Al Ain City & the Western Region.

During the course
10:41 GMT

Department of Municipal Affairs organized a diploma training course for employees in the Land & Property Management Sector in the DMA and the Emirate Municipalities, Abu Dhabi City, Al Ain City & the Western Region.

Finance Minister Ibrahim Al-Assaf addresses the 8th Euromoney Conference in Riyadh on Tuesday. (AN photo by Ahmed Fathy)
06:19 GMT

Finance Minister Ibrahim Al-Assaf has said the Kingdom achieved a growth rate of seven percent due to its sound economic policy and planning carried out with the private sector participation.

May 7, 2013

H.E. Ahmad Bin Humaidan, Director General of Dubai eGovernment
11:48 GMT
(press release)

Dubai eGovernment has announced that Dubai Electricity & Water Authority (DEWA) is the first government entity to join its government service bus (GSB).

USA, UK visit
07:11 GMT

A delegation from the municipal system in the Emirate of Abu Dhabi, visited the United States and the United Kingdom for a close review of the American and British mechanisms and technical programs.

Mr. Hassan Al Hashemi during the ICC Banking Commission meeting in Lisbon
06:55 GMT

Dubai Chamber of Commerce and Industry promoted Dubai’s status of a financial hub in the region at the ICC Banking Commission biannual meeting in Lisbon.

During the event
05:51 GMT
(press release)

The Dubai Government First Information Security Forum successfully concluded yesterday on May 6th, 2013 at Inter-continental Hotel with attendance from around 80 Dubai government entities.

May 6, 2013

Maximum wages will be applied starting next Tuesday “retrospective from January 2013 on all administrative leadership in state positions”
10:43 GMT

Maximum wages will be applied starting next Tuesday “retrospective from January 2013 on all administrative leadership in state positions”, as confirmed by a media spokesperson at the Central Agency for Organisation and Administration (CAOA).

May 5, 2013

An advertising board of the QNB Bank is shown at Corniche bay prior to the start of the 15th Asian Games
11:33 GMT

Sub-Saharan Africa has been experiencing strong growth in recent years, which is expected to continue. This boom creates an opportunity for GCC corporations and investors, according to QNB Group, as the region is well endowed with resources and people, but largely lacks the capital needed to fund its development.

May 2, 2013

During the visit
11:36 GMT
(press release)

A delegation of 35 business leaders from Poland recently visited Dubai World Central.

A new black market for gold is emerging following speculation on the dollar
11:13 GMT

Speculation on the dollar in Egypt is leading to a boom in the black market trade of the dollar.