Economy & Trade

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Abu Dhabi's economy continues to expand in all sectors including tourism, retail and real estate (Image: Gobash)
September 1, 2014 - 11:01 GMT
The UAE's economy is continuing go grow in both the retail and real estate markets, which means there is room for more investment.

June 26, 2013

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.

All 11 economists in a Reuters survey had forecast that the bank would keep rates unchanged
12:10 GMT

Egypt's central bank left its main overnight interest rates unchanged as expected on Thursday, as economic growth remains tepid more than two years after the uprising that ousted Hosni Mubarak.

Children of Dubai Customs Child Care Center with Clients and employees
11:16 GMT

Yesterday, on Sunday, 23rd, June, 2013, Dubai Customs has celebrated the occasion of “Haq Allaila” the mid-month of night of Shaban.

The GCC economies would continue to benefit from high oil prices
06:00 GMT

The GCC economies are expected to grow at 5.6 per cent by the end of this year, said a report citing a top regional banking official.

June 20, 2013

Qatar foreign trade saw rise according to figures
11:00 GMT

In April 2013 Qatar’s trade balance of goods showed a surplus of QAR 35.2 billion, i.e. an increase of QAR 0.8 billion, (2.2 per cent) compared to the same period of 2012, accordint to the QSA.

Tunisia's national flag
10:00 GMT

Tunisia's first issue of a sukuk (Islamic bond) is likely to be postponed to next year, adding to pressure on government finances, because of disruptions to legislative business.

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.