Economy & Trade

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Implementation of the government’s development plan has been picking up, and momentum is expected to improve further in 2015 and 2016.
December 19, 2014 - 00:38 GMT
The consumer has been and remains a key driver of growth in Kuwait, even as growth in the sector has moderated somewhat.

September 24, 2013

Share of the oil sector to the Kingdom’s GDP dropped from 29.5 percent to 22.2 percent in the two periods, which is a good indication that the Saudi economy has been increasingly supported by the private and nonoil sectors.
10:28 GMT

Saudi Arabia's GDP registered a record growth in the last five years to reach SR2.66 trillion ($580 billion) in 2012 compared to SR1.95 trillion in 2008, according to a government report.

September 23, 2013

The smuggled shipments of the weapons
11:31 GMT

Dubai Customs seized 1,960 white weapons in Jebel Ali & TECOM Customs Center during an attempt to smuggle two shipments of these weapons into the UAE.

Consumer loans capture nearly 80 percent of Saudi local banks’ retail loan portfolio
11:26 GMT

The volume of consumer loans given by Saudi local banks rose by 22 percent to reach SR321 billion in the second quarter of the current year compared to the same period last year.

During the agreement
10:29 GMT

The DED in Dubai and the Dubai Health Authority have signed a joint agreement to share expertise and knowledge towards providing high quality licensing services in healthcare and related services.

Saudi Arabia and the United Arab Emirates are expected to lead the way for GCC growth
10:20 GMT

The economic growth of Gulf Cooperation Council (GCC) countries is expected to slow down to 4 per cent this year, according to Euler Hermes.

Fraud is one of the most significant systemic risks faced by financial and other institutions globally,
07:29 GMT

A typical organisation loses five per cent of its revenues to fraud each year which roughly translates to a global fraud loss of more than $3.5 trillion.

September 22, 2013

The Sudanese justice minister, Mohamed Bishara Dousa, said that the United States economic sanctions imposed on Sudan have seriously affected lives of the Sudanese people.
14:19 GMT

Sudan has been under the US blacklist of states sponsoring terrorism since 1993 on allegations of harbouring Islamist militants despite reports of Sudan being a cooperative intelligence partner of Washington in the "war on terror".

International Standard Banking Practices Seminar
10:46 GMT

Dubai Chamber of Commerce and Industry organised a seminar on the latest International Standard Banking Practices at its headquarters today as part of its efforts to update and inform the business community on the latest business practices.

The spending has also received support from steady employment growth, especially among Kuwaiti civilians (Photo credit: tradearabia).
09:28 GMT

Employment growth was relatively steady, in particular among Kuwaiti nationals and skilled expats. The latter two groups are crucial to the consumption sector, said the NBK in its report.

The suspected passenger
06:07 GMT

Dubai Customs inspectors of airport operations foiled a smuggling attempt of more than 830 grams of the narcotic heroin through Dubai Airport.

September 19, 2013

In Beirut and Mount Lebanon, trade has declined by 15 percent in 2012
14:55 GMT

Commercial activity across Lebanon has declined by between 15 and 70 percent, parliamentarians said Wednesday, warning that the decrease in trade was forcing many businesses to close.

In 2011, private sector workers were promised an ‘emergency allowance’ if their pre-tax salary, not their take-home salary, failed to reach the LE700 minimum.
10:37 GMT

"Social equality is not only related to increases in pay; social justice is to provide job opportunities for people," Eissa elaborated.

Syrian annual inflation rate hit 68% in May 2013 while prices continue to rise; announced the Syrian central bureau of statistics website on Wednesday.
10:13 GMT

Importing would strain an economy that is already crippled by international sanctions; falling currency value and decaying hard currency reserves.

Saudi Arabia is offering $1 trillion worth of investment opportunities.
08:02 GMT

“The size of the Saudi economy has quadrupled during the last 10 years to rank first among countries of the region and 19th at the global level,” said Abdullatif Al-Othman, governor of Saudi Arabian General Investment Authority (SAGIA).

September 18, 2013

The budget deficit up to June of this year reached 28.1 percent of spending
10:40 GMT

Lebanon’s budget deficit in the first six months of this year continued to rise amid falling revenues and increasing expenditures, the Finance Ministry said Tuesday.