Economy & Trade

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Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.

November 13, 2013

UAE's Green Growth Strategy was launched in January 2012, before the UN PAGE partnership's formation earlier this year (Courtesy of UAE Interact)
07:28 GMT

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.

The Qatari market has also met the quantitative requirements as defined for emerging markets. (Image credit: Shutterstock)
05:00 GMT

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.

Egypt and the IMF have had a sometimes tense relationship because of national pride and the international lender's efforts to persuade Cairo to undertake politically sensitive economic reforms such as subsidy cuts.
03:55 GMT

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

Inflation in Iran is at a staggering 39%. (Image credit: Shutterstock)
06:00 GMT

Senior officials at the IMF and Iran have met to discuss reforms needed to combat inflation and spike growth in the economy.

Ali stressed that the military institution has no intention of becoming involved in the economic policy of Egypt in the future.
04:55 GMT

“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

Dubai Customs
11:01 GMT

Dubai Customs participates in Dubai Forum for Best Government Practices which is organised by Dubai Government Excellence Program between 12-13 November, 2013.

The panel of judges meeting
10:40 GMT

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.

Prince Alwaleed Bin Talal and Kingdom Holding Company invested $300 million in Twitter in 2011 (Courtesy of the Guardian)
09:10 GMT

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, Senior Vice President and Managing Director, DP World, UAE Region, addressing the “Seatrade Shipping and Investment Forum 2013” in the UAE capital
07:46 GMT

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

Approximately 50,000 illegal workers are supposedly employed in Bahrain (Courtesy of Asia News International)
08:18 GMT

Embassies in Bahrain are helping the government crackdown on illegal workers in the country, estimated to be approximately 50,000.

November 7, 2013

Lenovo, the largest PC maker worldwide and an emerging PC Plus leader
12:21 GMT
(press release)

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.

The political situation in Lebanon and the conflict in neighboring Syria is becoming increasingly detrimental to trading activity within Beirut's stock exchange (Courtesy of the Daily Star)
09:11 GMT

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.

The Arab food gap is affecting most types of farm products, including cereals, what and rice (Courtesy of the Saudi Embassy)
08:52 GMT

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
07:32 GMT

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.