Economy & Trade
November 13, 2013
The UAE is slated to host the first global conference on the UN Partnership for Action on Green Economy (PAGE) scheduled to take place in Dubai in early March next year.
Qatar Exchange welcomed the decision of the Standard & Poors (S&P) Dow Jones to upgrade Qatar from a “frontier” to “emerging market”, describing it as a positive step that will attract further foreign investments to the Qatari stock market.
The International Monetary Fund remains ready to provide aid to Egypt when Cairo requests it, a senior IMF official said on Tuesday without elaborating on when that might happen.
November 12, 2013
Senior officials at the IMF and Iran have met to discuss reforms needed to combat inflation and spike growth in the economy.
“We do not influence the Egyptian economy in any way,” said Ali. “The Egyptian military does own several factories and companies, but their purpose is developmental rather than for profit.”
November 11, 2013
And the IMF does it again...
Dubai Customs participates in Dubai Forum for Best Government Practices which is organised by Dubai Government Excellence Program between 12-13 November, 2013.
The Dubai Chamber of Commerce and Industry has finalised its preparation for hosting the 7th Cycle of the Mohammed bin Rashid Al Maktoum Business Award.
Saudi Prince Alwaleed Bin Talal and Kingdom Holding Company reported that their combined investment in Twitter increased to 200 percent on the first day of trading.
Mohammed Al Muallem, DP World’s VP, said that the dynamic changes in the shipping industry and the diversification of developing GCC economies underpin the growing efficiency of the region’s supply chain.
November 10, 2013
Embassies in Bahrain are helping the government crackdown on illegal workers in the country, estimated to be approximately 50,000.
November 7, 2013
Lenovo Group announced results for its second fiscal quarter ended September 30, 2013. Quarterly revenue was US$9.8 billion, a 13 percent increase year-over-year.
Brokers are projecting that the Beirut Stock Exchange will continue to see "lackluster trading" in 2014 due to the country's political stalemate and the region's turmoil more generally.
Investment shortages in the GCC agricultural sector has made the estimated food gap reach $23 billion, which represents more than 100 percent increase since 2011.
DP World and Kazakhstan Temir Zholy signed an agreement that will see DP World provide management advisory services for the development of the Khorgos Special Economic Zone and Inland Container Depot.