Economy & Trade

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The issue of Saudi's SMEs has been debated over the last few years (File/AFP)
April 17, 2014 - 17:39 GMT
Small and medium enterprises (SMEs) are set to contribute 37 percent to Saudi Arabia's GDP but should the Kingdom look elsewhere for investment?

March 16, 2014

Abdullah Al Shehi, Director of Intellectual Property Protection Department at CCCP
07:43 GMT

The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development (DED), Dubai, has confiscated 1.2 million pieces of cosmetic products after raiding a warehouse in Ras Al Khor.

March 13, 2014

Iran sits on the world's second largest natural gas reserves after Russia (File Archive/Shutterstock)
08:40 GMT

Iran and Oman have signed an energy deal in which Tehran will provide Muscat with 10 billion cubic meters of natural gas per year.

March 12, 2014

Mohammed Shael Al Saadi, Chief Executive of Business Registration and Licensing sector in DED
11:18 GMT

The Business Registration & Licensing Sector in DED in Dubai has extended its working hours till 6 p.m. in all its branches as part of enhancing customer convenience and facilitating business.

Transportation exports from the U.S., mainly in terms of Boeing-UAE airline deals, are behind the spike in bilateral trade between the U.S. and the UAE in 2013 (File Archive)
06:30 GMT

U.S. exports to the UAE reached $26.9 billion in 2013 as a result of increased trade in the transportation sector.

Dubai Customs
05:25 GMT

The C5’s Forum on Trade Compliance in the Middle East kicked off yesterday in Dubai.

March 10, 2014

During the event
13:26 GMT

Economic Zones World (EZW) and Dubai Customs have today announced the launch of the world’s first purpose built smart retail hub named “Matajircom”.

Direct trade accounted for 64 per cent of Dubai foreign trade, as it reached Dh846 billion in 2013
06:08 GMT

Dubai’s non-oil foreign trade reached Dh1.329 trillion in 2013, an eight per cent increase over Dh94 billion over 2012.

The new Halal Index is hoped to facilitate the growth of Dubai's halal exports as well (Shutterstock)
05:00 GMT

Dubai Exports is planning to issue an online Halal Index that lists all UAE firms that employ halal practices

March 9, 2014

This agreement reflects the significance and growth of bilateral relations between the two countries
10:55 GMT

The Department of Finance- Abu Dhabi (DoF) has announced the signing of a loan agreement with The Republic of Serbia, providing the country a loan of $1 billion.

HE Salma Hareb, CEO of Economic Zones World
06:53 GMT

Jebel Ali Free Zone (Jafza), the flagship Free Zone operation of Economic Zones World (EZW) has, in 2013, registered the highest growth in the number of new joiners in the last six years.

March 5, 2014

Zaza played down the extent of the money crunch, saying that “we are facing hardship and not a crisis.”
20:14 GMT

The tunnels’ closure has meant losses of millions of dollars in tax income for the Hamas government.

Last week the World Bank announced a $1.2bn programme to support economic and political reform in Tunisia after the adoption in January of a new constitution.
15:55 GMT

He said another revolution, in the national mentality, was required to pull the economy up warning that “if we do nothing, there could be a catastrophe”.

Dubai Customs
10:48 GMT

Dubai Customs has recently upgraded its customer complaint receipt and processing service to ensure higher client satisfaction.

During the event
05:25 GMT

Dubai Customs won the Farouk El-Baz Award for Excellence in Organizational Sustainability for the Public Sector category for the second time.

March 4, 2014

Egypt's foreign reserves decreased between August 2013 and January of this year (File Archive)
16:57 GMT

Egypt's foreign reserves have increased for the second consecutive month, with a net amount of $17.3 billion at the end of February reported by the Central Bank of Egypt this Tuesday.