Economy & Trade

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The EIU predicts China will be the largest export market for the GCC by 2020.
December 17, 2014 - 02:27 GMT
Developing countries in Asia - particularly China and India - are rapidly becoming the biggest trading partners with Gulf Cooperation Council (GCC) countries ahead of other regions

November 2, 2014

Ahmed Mahboob surrounded by excellent award nominees
05:49 GMT

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs, met with the employees nominated for the upcoming editions of the Dubai Government Excellence Program.

Qatar is one of the world’s richest countries and is already heavily invested in British firms and property.
04:55 GMT

British Prime Minister David Cameron on Wednesday urged Qatar to plough more of its vast oil and gas wealth into infrastructure projects across Britain.

October 30, 2014

H.E. Hamad Buamim, President and CEO of Dubai Chamber
05:03 GMT
(press release)

Dubai Chamber of Commerce and Industry has launched during the 10th Islamic Economic Forum in Dubai a new specialized unit to support research and studies on Islamic economy.

October 29, 2014

The report notes that children of single-parent families are in the worst situation.
19:00 GMT

Only Spain, Greece and Latvia have more child poverty than Israel.

The institute will be based in the US, according to Moataz Al Khayyat, the head of the Al Khayyat Group in the GCC.
17:55 GMT

Leading Syrian business group based in the GCC will establish a center in the Middle East as part of its efforts to rebuild Syria.

The study also showed that the Syrian refugee influx impacted job opportunities in the private sector as Syrian workers highly compete with Jordanians in the non-official labour market.
14:08 GMT

Syrian refugees clinched more than 31,000 jobs, which constitute 91 per cent of job opportunities that Jordan is required to create annually.

H.E. Ahmed Mahboob checks medical activities held for DC employees
10:00 GMT

Dubai Customs Ladies Committee has organised medical activities to mark the World Heart Day, Breast Cancer Awareness Month and World Osteoporosis Day.

October 28, 2014

According to the IMF, the government's budget was coming under pressure from rising security spending and relieving the humanitarian crisis.
09:13 GMT

Iraq's economy is likely to shrink 2.7 per cent this year, the first contraction since the US-led invasion in 2003.

Jafza team with HE Abdullah Al Saleh, Under Secretary, Ministry of Economy at Sial-Paris
09:04 GMT

Jebel Ali Free Zone attracted a large number of food and beverage (F&B) companies from Europe and Americas at Sial-Paris, one of the largest F&B Exhibitions in the world.

DP World
05:28 GMT

DP World Limited handled 44.8 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9.0% on a like-for-like basis.


“The future success of the GCC economies will be closely tied to ongoing efforts to boost the employment of nationals in the private sector and to increase economic diversification
04:55 GMT

The GCC economies have been amongst the best performing in the world in recent years, and are expected to grow 4.5 per cent in 2014-15, said Christine Lagarde.

October 27, 2014

Ahmed Mahboob calls for stronger international cooperation to ease trade via coordinated customs measures globally
10:16 GMT

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs, has called for stronger international cooperation to enhance trade facilitation by better aligning customs procedures globally, reinforcing the vibrant role played by customs administrations worldwide in boosting trade growth.

October 26, 2014

Butti Al Jumairi, Ahmed bin Lahej, Andul Wahhab Al Madani and Nirupa Bhatt with the graduates
05:58 GMT

Dubai Customs celebrated the graduation of the first class of employees who successfully completed the Gems and Diamonds Diploma.


The report directly mentioned the corruption investigations that went public in December of last year.
04:55 GMT

The Organization for Economic Co-operation and Development (OECD) said it is “seriously concerned” about Turkey's ability to detect and investigate foreign bribery

October 23, 2014

During the event
06:29 GMT
(press release)

InterContinental Hotels Group announced the signing of a franchise agreement with Abjar Hotels International for a new 450-room Holiday Inn Dubai World Central and 250-room Staybridge Suites Dubai World Central.