Economy & Trade

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Seventy percent of Israel's exports to Turkey are chemical products, while rubber products and electrical equipment accounted for another 15.5 percent.
While calls increase on the government to review Turkey's trade relations with Israel in response to the humanitarian crisis in Gaza.

June 30, 2013

Kuwait banks enjoy rising credit
12:10 GMT

National Bank of Kuwait claims credit growth across many sectors

Food outlets warned against hiking prices during Ramadan
11:43 GMT

The municipalities of Sharjah and Ajman have warned food outlets and manufacturers against hiking prices of essential commodities — a violation of food safety regulations — before and during the holy month of Ramadan.

Al Grass
06:16 GMT

Dubai Customs announced the results of Al Grass initiative launched in April 2012.

Ali Ibrahim with assessors
05:43 GMT

The Dubai Department of Economic Development (DED) honoured the assessors of the Dubai Quality Award (DQA) and Dubai Human Development Award (DHDA) 2012 at a ceremony held at Park Hyatt Hotel, Dubai.

June 26, 2013

16:33 GMT

Georgia frequently serves as a battleground in the fight between Russia and the West, with politicians generally seen as taking one side or the other.

The Abu Dhabi Fund for Development has signed a memorandum of understanding with Morocco
13:11 GMT

The Abu Dhabi Fund for Development has signed a memorandum of understanding with Morocco for a $1.25 billion grant to be used for the provision of key services.

Ali Al Maqhawi speaks at the Forum about Dubai Customs anti-drugs efforts
11:35 GMT

Dubai Customs took part in the 9th International Protection Forum on Drugs Issues organized by Dubai Police General Headquarters.

Bahrain parliament
10:53 GMT

Bahrain's state spending is expected to jump 11 percent this year, by more than originally planned, after its parliament approved 174.2 million dinars ($462 million) in additional expenditure, official data showed.

Mixed Egyptian pound bills
10:44 GMT

The cost of insuring Egypt's debt against default has risen to record highs in the five-year credit default swap market, according to Markit, on concerns about political unrest.

During the meeting
10:19 GMT

The Department of Municipal Affairs and Ordnance Survey Great Britain, discussed strengthening cooperation between the two parties.

Gary Anderson, CEO, DGCX
05:49 GMT
(press release)

The Dubai Gold and Commodities Exchange announced today that it will launch a futures contract based on SENSEX, the blue-chip stock index of India’s leading bourse, the Bombay Stock Exchange (BSE).

June 25, 2013

Qatari Emir Sheikh Hamad bin Khalifa al-Thani awaits for France's President Francois Hollande prior to a welcoming ceremony at the Diwan Emiri as part of a two-day official visit in Doha on June 23, 2013 (BERTRAND LANGLOIS/AFP/Getty Images)
11:08 GMT

Qatar's emir Sheikh Hamad bin Khalifa al-Thani said on Tuesday he was transferring power to his son, Crown Prince Sheikh Tamim, taking the rare step for a Gulf Arab ruler of voluntarily ceding power to try to ensure a smooth succesion.

June 24, 2013

During the event
09:15 GMT

HP praised Dubai custom`s role in combating counterfeiting and protecting intellectual property rights together with its keenness to collaborate with all companies and establishments.

June 23, 2013

Last August, the IMF approved a $6.2 billion precautionary line of credit for Morocco over two years while urging reforms of its subsidy and pension systems
13:19 GMT

Morocco will begin deregulating prices for some basic goods in the next two weeks, its first step towards reducing subsidies, its general affairs minister told Reuters.

Obaid Humaid Al Tayer, Minister of State for Financial Affairs
12:44 GMT
(press release)

The International Monetary Fund issued the delegation’s final statement on Article IV discussions pertaining to the assessment of state members’ financial and economic performance.