Economy & Trade

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The downturn was mainly due to a 1.8 per cent drop in oil-related GDP as growth in the non-hydrocarbon sector accelerated to 2.8 per cent, the report showed.
Today
Plans for subsidy cuts have received little publicity in the Kuwaiti media, perhaps because of their political sensitivity.

July 8, 2013

Dubai skyline (Source: Wikimedia Commons)
06:54 GMT

As many countries across the region face turmoil, Dubai welcomes a slew of luxury home buyers

July 7, 2013

Dubai's twisted Cayan Tower (source: Wikimedia Commons)
13:21 GMT

Experts discussed ways to encourage small and medium businesses in the science and tech arena.

Iran’s cement exports touched 13.5 million tons in the last one-year period. Photo used for illustrative purposes (Source: Wikimedia/Oussama zrafi)
08:39 GMT

Amid crippling economic sanctions, Iran's mineral and industrial exports grow by 23 percent

Photo used for illustrative purposes (Source: Wikimedia commons)
08:28 GMT

A recent Israeli discovery of a new gas field 4 kilometers away from the Lebanese coast means Israel could easily siphon off Lebanon’s gas wealth.

The Saudi stock exchange (Source: AFP file photo)
08:07 GMT

The market capitalization of eight real estate companies listed on Saudi stock market (Tadawul) is estimated at SR 74 billion ($19.73 billion)

Symbol created in the 1930s by the British advisor to the King of Bahrain (then emir) -- updated, with five white "valleys" representing the five pilars of Islam (Source: Wikimedia commons)
07:34 GMT

A luxury apartment development sells out in in only three days, boding well for Bahraini real estate

Symbol created in the 1930s by the British advisor to the King of Bahrain (then emir) -- updated, with five white "valleys" representing the five pilars of Islam (Source: Wikimedia commons)
07:33 GMT

A luxury apartment development sells out in in only three days, boding well for Bahraini real estate

July 4, 2013

Trading on Egypt's Stock Exchange was suspended after President Mursi was ousted by the army
13:53 GMT

The Egyptian stock market suspended trading minutes after the opening on Thursday, after the main index leapt 6.4 percent on hopes for economic and political stability after Wednesday's takeover of the country by the army.

Dubai World Central
12:40 GMT
(press release)

The Business Park organized an educational seminar aimed at highlighting the state-of-the-art facilities and strategic advantages that the Business Park offers to companies from diverse sectors.

The bilateral trade between India and UAE stood at $180 million per annum in the 1970s but today it is close to $75 billion
06:37 GMT

Top officials from the UAE Ministry of Finance will hold bilateral investment promotion agreement (BIPA) discussions with its Indian counterparts.

July 3, 2013

Photo for illustrative purposes (Source: Wikimedia)
11:06 GMT

The number one oil exporter in the world establishes 70 centers for green energy, such as solar, wind, waste-conversion, and geothermal

Azadi Tower, Tehran (Source: Wikimedia/Nima Moghaddam)
10:36 GMT

As sanctions choke the Iranian economy, human capital is exported

Zabeel Park, Dubai (Source: Wikimedia/Ranjit Laxman)
10:02 GMT

Non-oil producing private sector companies in the UAE reported increased output and new order levels in June, a purchasing managers’ survey showed on Tuesday.

Empty tables are seen in a restaurant on the Beirut's corniche, with a sea view of the capital's landmark Pigeon's Rock, which was once crowded by tourists mainly from the Gulf states at this time of the year (Source: AFP/JOSEPH EID)
09:40 GMT

Political unrest stalls the Lebanese market, which has not contracted since 1989

Chef Middle East serves over 1,000 customers in the UAE, Qatar, and Oman. (Photo source: promotional website)
07:01 GMT

Abu Dhabi’s leading investment firm Gulf Capital has acquired Chef Middle East, an importer and distributor of specialty and fine food products.