Economy & Trade

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GCC currencies
May 19, 2013 - 13:41 GMT
Gulf hydrocarbon producers emerged as the 13th most powerful economy in the world in 2011 while strong oil prices allowed them to become the fifth largest exporter with the highest trade surplus.

April 22, 2013

Emirates Environmental Group
11:09 GMT

Nokia and Emirates Environmental Group have stepped forward to open their initiative to invite further stakeholders for their engagement in electronics recycling.

Dubai SME & Nexus workshop
10:49 GMT

Dubai SME and Nexus Insurance Brokers organised a seminar on risk management and insurance advisories to Dubai SME100 companies.

Essa Ali Al Zaabi, Senior Vice President, Institutional Support Sector, in the Chamber Executive Office
10:08 GMT

Dubai Chamber of Commerce and Industry has appointed Essa Ali Al Zaabi, Senior Vice President, Institutional Support Sector, in the Chamber Executive Office.

Dubai Gold and Commodities Exchange
09:25 GMT
(press release)

Dubai Gold and Commodities Exchange has launched a Mini Indian Rupee Futures Contract.

The IMF has revised its growth predictions for the Lebanese economy down to 2 per cent
08:40 GMT

The International Monetary Fund revised downward its projection for real gross domestic product growth in Lebanon to 2 percent in 2013, while the World Bank reduced its remittances estimate for the country last year.

Dubai Investments
08:36 GMT
(press release)

Emirates Building Systems has been awarded the Occupational Health and Safety Management System (OHSAS 18001:2007) certification.

Egypt is set to amend its draft budget  in move to secure Egypt's $4.8 billion IMF loan
03:42 GMT

Subsidies and public sector salaries among expense items that could be squeezed in move to secure Egypt's $4.8 billion IMF loan.

April 21, 2013

Russia is yet to decide whether it will offer Egypt a $2 billion loan (AFP PHOTO / HO / EGYPTIAN PRESIDENCY PRESS OFFICE)
10:40 GMT

No agreement has been reached on a $2bn loan from Russia following President Mohamed Morsi’s visit to the country, said Minister of Industry and Foreign Trade Hatem Saleh on Friday

Omar Bushahab, Chief Executive Officer of Commercial Compliance and Consumer Protection (CCCP) sector in DED
10:22 GMT

Optimism is running deep while better job prospects and a brighter outlook on personal finance are driving more spending on leisure and entertainment, according to findings in the latest Consumer Confidence Survey conducted by DED.

Jordan's new poverty plan has been slammed as "inadequate"
08:37 GMT

Jordan's new plan to combat poverty in the country has been slammed as "inadequate".

Dubai Trade
08:18 GMT

Demand for the electronic services offered by Dubai Trade, the leading facilitator of trade across borders under Dubai World, has considerably surged in the past 12 months.

Kuwait’s real GDP growth to have grown steadily by 5.2% for 2012
08:05 GMT

New research suggests that Kuwaiti GDP will be pegged at 4.5 per cent until 2014.

Egypt's negotiations with the IMF are not over, according to IMF chief Christine Lagarde
03:39 GMT

Negotiations between Egypt and the International Monetary Fund are not over yet, IMF chief Christine Lagarde told reporters in Washington on Thursday.

April 19, 2013

Oil industry
19:32 GMT

The Arab rich oil countries' (KSA, Kuwait, UAE and Qatar) income from exporting oil and gas reached $669 billion in 2012

April 18, 2013

Turkey will transfer the remaining US$1 billion of a $2 billion loan to Egypt in two months, according to sources
12:31 GMT

Turkey will transfer the remaining US$1 billion of a $2 billion budget support package agreed for Egypt last year within the next two months, Turkish economy officials and banking sources said on Wednesday.