Economy & Trade

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Asia and Turkey will also remain the most important trade partners of the UAE in terms of imports.
September 17, 2014 - 15:55 GMT
The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.

August 6, 2013

Dubai Electricity and Water Authority
06:09 GMT
(press release)

Dubai Electricity and Water Authority has been entered into the Hall of Fame for Investors in Excellence by the British Investors in Excellence organisation.

August 5, 2013

Seized bags used in smuggling crystal meth
11:07 GMT

Dubai Customs’ inspectors at the Dubai International Airport managed to successfully abort an attempt to smuggle over 4 kilograms of crystal methamphetamine inside two travelling bags.

The new law will come into force six months from the date of issuance and is part of a number of legislative developments designed to install international best practices and further enhance the economic development of Kuwait, said a press release from DLA Piper.
08:47 GMT

"The new law is part of a number of recent, positive legislative developments in Kuwait's investment sector designed to encourage foreign investors as well as align it with international best practices, as Abdul Aziz Al-Yaqout, Regional Managing Partner, DLA Piper Middle East, said,

August 1, 2013

According to the IFC, the $3 billion committed during the 2013 fiscal year, which ended June 30, includes $914 million mobilised from other investors
14:55 GMT

The International Finance Corporation announced in a press statement on Wednesday that it committed $3 billion last year to support economic development in the Middle East and North Africa.

Abu Dhabi Customs
09:59 GMT
(press release)

The Abu Dhabi Customs Academy held the graduation of the seventh batch of the Constitutive Customs Officers Course.

Group photo
07:11 GMT
(press release)

Dubai Electricity and Water Authority honoured the winners of the ‘Go Green’ initiative, which was launched at 15 of DEWA’s offices and branches.

July 31, 2013

Several countries experiencing socio-political upheaval at worst, and fragile economies at best
11:55 GMT

Confidence amongst business leaders in the Mena region rose more than two points in the second quarter of this year to 62.6, its highest level in more than a year, according to a report.

Aqaba Container Terminal
08:53 GMT
(press release)

Under the supervision of its social committee, Aqaba Container Terminal, the world’s gateway to Jordan and beyond, recently concluded the third phase of its Ahl Al Khair (People of Charity) initiative.

DP World
06:49 GMT

DP World Limited handled 26.6 million TEU (twenty-foot equivalent units) across its global portfolio in the first half of 2013.

July 30, 2013

Jordan’s exports to Pakistan totalled JD10 million last year whereas imports from Pakistan totalled JD40 million
09:55 GMT

Jordan Chamber of Commerce President Nael Kabariti and Pakistan’s Ambassador Ahsan Azhar Hayat on Monday discussed ways to develop commercial and economic relations between the two countries.

GCC nations are dependent on imported machinery, raw materials and labour - could lead to lower net profit margins in the industry
08:55 GMT

The GCC contracting industry is witnessing strong growth, which is projected to increase further in the years to come, according to a research report.

July 29, 2013

Oman Projects Forum 2013 presents a detailed overview of the sultanate’s economy
13:55 GMT

Oman is set to see $65 billion worth of turnkey projects awarded between now and 2017, doubling the combined value of projects awarded in the Sultanate in the last five years.

Long-term maturity period loan carries a low interest rate than other international financial institutions
10:55 GMT

Jordan and the World Bank on Sunday signed a $150 million loan agreement to assist the Kingdom with the economic burdens put upon it by hosting hundreds of thousands of Syrian refugees.

July 28, 2013

UAE Humanitarian Day
10:58 GMT
(press release)

Ministry of Finance organised a series of charitable activities and community events in its Abu Dhabi and Dubai premises.

The Department of Economic Development
06:26 GMT

The Department of Economic Development (DED) in Dubai has announced the closure of its Bani Yas branch and has urged customers to use the smart phone App.