Economy & Trade
February 12, 2013
Lebanon's Finance Minister Mohammad Safadi denied Monday media allegations that he has proposed raising the value added tax from 10 to 12 percent.
Egypt's bourse slightly declines Monday as experts had expected the anti-government calls for nationwide protests on the second anniversary of Mubarak's fall to send the stock market to a downturn.
King Abdullah bin Abdulaziz, of Saudi Arabia, appointed on Monday Majid Abdullah al-Moneef as the new Secretary General of the Saudi High Economic Council.
The UAE has attracted about $8.2 billion in 2012 as direct foreign investment from Arab Spring countries, Sheikh Mohammad Bin Rashid Al-Maktoum, Prime Minister of the UAE, said on Monday.
The International Monetary Fund will resume talks with Egypt over a proposed $4.8 billion loan once Cairo ensures it that recent economic reform measures are in line with Egyptian "political imperatives".
February 11, 2013
Lebanon's Prime Minister, Najib Mikati, ruled out any increase in Value Added Tax, in remarks published ahead of talks aimed at increasing government revenue.
Jordan is preparing to host the World Economic Forum meeting on the Middle East and North Africa, according to a statement yesterday.
The Kuwait Stock Exchange started Monday trading on a positive note.
Egyptian stocks rose slightly on Sunday, with net buying on the part of Arab and foreign investors shoring up an otherwise skittish market.
Dubai eGovernment welcomed the visit of Director-General, H.E Hilal Saeed Al Marri of the Department of Tourism and Commerce Marketing.
February 10, 2013
Iraq's Finance Committee discussed amendments to the 2013 budget , according to a statement issued to the country;s House of Representatives.
Egypt’s consumer price index (CPI) rose by 6.6 per cent in January, year-on-year. A hike in the cost of cigarettes, electricity and vegetables drove the increase, the state-run statistics body CAPMAS reveals on Sunday.
Dubai Chamber of Commerce and Industry played host to the members of the 7th GCC Real Estate Committee during their meeting held at the Chamber premises.
The International Monetary Fund have been in the UAE to discuss the economy as the Emirates prepare to host the organisation
The Ministry of Finance received an International Monetary Fund delegation at its headquarters in Abu Dhabi.