Economy & Trade

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“This is the last major opportunity out there in the world that can suddenly become accessible, almost overnight,” he says.
August 20, 2014 - 04:55 GMT
“All the five-star hotels are full of Western companies looking to position themselves to do business."

June 20, 2013

HE Sultan Ahmed Bin Sulayem, Chairman of DP World, and Honourable Minister of Shipping Shri GK Vasan at concession agreement signing ceremony between DP World and Jawaharlal Nehru Port
05:42 GMT

DP World and Jawaharlal Nehru Port today held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the port.

June 19, 2013

Only Saudi citizens are allowed to subscribe for IPOs
11:46 GMT

The subscriptions to IPOs (initial public offerings) in the Saudi stock market dropped drastically during the year, according to a recent economic study.

The UAE ranked second and its inflow rose 25 per cent to $9.6 billion
11:29 GMT

Foreign direct investment, or FDI, into Arab world rose by nearly 10 per cent in 2012 led by Saudi Arabia and the UAE, according to a latest report.

June 18, 2013

Arab Monetary Fund
11:26 GMT

The Arab Monetary Fund (AMF) will provide a $144 million loan to Yemen this year to help its financial reform programme, the fund said on Monday.

Department of Economic Development
09:31 GMT

Department of Economic Development will conduct a specialised workshop on the 1st and 2nd of July for new applicants in the 2013 cycle of the Dubai Human Development Award.

Dubai customs
06:28 GMT

The risk engine system that was developed by Dubai customs drew the attention of different government agencies in the country after having won the distinguished technical project award as part of DGEP 2012.

The ratings agency also downgraded the three leadings banks in the country
06:19 GMT

Lebanon’s public debt swelled by nearly $5 billion during the term of former premier Najib Mikati’s Cabinet, the secretary-general of the Association of Banks in Lebanon said.

Jordan remains the main source of remittance inflows to Oman
06:00 GMT

A World Bank report has shown that the sultanate received US$39mn in remittances from Omani expatriates in 2012, ranking it 145th out of the 165 countries for which there is remittance inflow data.

June 17, 2013

H.E. Ahmad Bin Humaidan, Director General of Dubai eGovernment
10:57 GMT
(press release)

Dubai eGovernment Department (DeG), has announced its readiness for its transformation into a smart government in line with the initiative of His Highness Sheikh Mohammed Bin Rashid Al Maktoum.

Moody's Investors Service has upgraded Jebel Ali Free Zone FZE's (JAFZ) Corporate Family Rating (CFR)
06:00 GMT

Moody's Investors Service has upgraded Jebel Ali Free Zone FZE's (JAFZ) Corporate Family Rating (CFR) to Ba3 from B1, Probability of Default Rating (PDR) to Ba3-PD, and the rating on the US dollar-denominated trust certificates (Sukuk) issued by JAFZ Sukuk to Ba3.

no changes to the plan or the amount of aid the country is seeking
05:30 GMT

Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday.

June 16, 2013

Sami Al Qamzi, Director General of DED
05:49 GMT

Dubai Exports showcased the emirate’s expertise and resources in Islamic economic services to the business community in Toronto and Vancouver.

International Monetary Fund
05:30 GMT

The International Monetary Fund has warned that Dubai is risking another boom-to-bust business cycle by pushing up its debt to boost short-term growth at the cost of the medium term outlook, in a statement concluding its annual mission to the UAE.

June 13, 2013

Blood Donation at DMA
08:10 GMT

Department of Municipal Affairs in collaboration with the Blood Bank of the Sheikh Khalifa Medical City organized a blood donation campaign at the DMA building in Abu Dhabi.

In Dubai, there are currently 11 plants varying from 400 megawatts to 1,400 megawatts
05:30 GMT

The GCC is on the threshold of a major power revolution, with investments in the sector estimated at $250 billion in the next five years, according to a new study.