Economy & Trade

Featured Story:

The KSE was able to compensate some of its previous weeks' losses
December 28, 2014 - 12:52 GMT
Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 6,577.81 points, up by 5.58 percent from the week before closing, the Weighted Index increased by 5.95 percent after closing at 441.59 points, whereas the KSX-15 Index closed 1,069.99 points up by 7.19 percen

November 16, 2014

Tony Abbott makes a speech during the 2014 G20 summit. (AFP/File)
06:54 GMT

Tony Abbott vowed that countries would add $2 trillion to global GDP during the G20 summit in Brisbane.

Ahmed Mahboob and Juma Al Ghaith (center) with CDD team
06:13 GMT

Dubai Customs has received the Government Deployment of the Year Award 2014, for its advanced container scanning system project, at the CNME’s fifth annual ICT Achievement Awards.

November 13, 2014

“Syrians will be given work permits in a coherent manner so that no harm is inflicted on the local system in Turkey.
15:39 GMT

The Turkish government is preparing to grant temporary IDs and work permits, among other privileges, to around 1.7 million Syrian refugees.

November 12, 2014

Khalil Saqer receives ME Business Leadership CSR Award on behalf of Dubai Customs
11:29 GMT

Dubai Customs has bagged the first prize at the Middle East Business Leadership Award 2014 for the CSR Sector at the award’s fifth edition.

Descon Engineering is a major Abu Dhabi firm. (File)
07:30 GMT

Leading Abu-Dhabi-based firm, Descon Engineering, will expand in the GCC and Iraq with $250 million worth of projects.

November 11, 2014

Annual inflation reached its highest rate in nearly four years a year ago, then began falling until the fuel price hikes in July.
21:04 GMT

Egypt's annual urban consumer inflation quickened to 11.8 percent in October from 11.1 percent in September

During the event
05:26 GMT

The Dubai Chamber of Commerce and Industry in association with Afridi & Angell Legal Consultants, organised, “Real Estate Agreements Dos and Donts” workshop at the Chamber premises recently.

November 10, 2014

Penalties varied according to the different infringements, with some included the halt of e-services, fines and limiting the issuance of labor permits.
17:20 GMT

The Ministry of Labor fined more than 74,500 establishments with penalties over SR12.80 million (3.4 million USD) during 2014 so far.

Ahmed bin Lahej and Dubai Customs team receiving the award
10:58 GMT

Dubai Customs has clinched the UAE Ideas 2014 Award for Innovation, a newly-introduced category to the award.

November 9, 2014

The delegation is the largest to visit the country since the 2011 revolution which toppled the regime of then-president Hosni Mubarak.
04:55 GMT

Three-day visit will include 66 large American companies in energy, telecommunications, food, pharmaceuticals, banking, infrastructure and other sectors

November 6, 2014

The reality is that women working from home can be more productive in some tasks such as accounting, scheduling and responding to customers’ inquiries.
04:55 GMT

Most women aged 25 to 44 prefer working from home due to the amount of responsibilities they have with their work and family lives.

November 5, 2014

About 20,000 civil servants in the Gaza Strip went on strike Tuesday to protest the Palestinian unity government's refusal to pay military and security employees of Hamas.
04:55 GMT

All ministries and other institutions run by Hamas in Gaza were shut and gated, except for schools, after the walkout by mostly administrative workers.

Between 2004 and 2013, the volume of trade increased by 21%, edging up from $41m to $165m.
04:55 GMT

The minister pointed out that the targeted trade volume between both countries is over $5bn.

November 4, 2014

UAE firms saw output growth accelerate to an all-time high, with the subindex coming in at 66.1, up from 63.2 in September.
14:05 GMT

“The performance is all the more impressive given the decline in oil prices over the same period, and the continued downturn in emerging markets elsewhere.”

Dubai Customs
09:25 GMT

Dubai Customs has taken part in a regional seminar, titled “Countering Illicit Trade – A Legal Perspective”.