Economy & Trade
June 26, 2013
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.
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.
The Department of Municipal Affairs and Ordnance Survey Great Britain, discussed strengthening cooperation between the two parties.
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
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
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
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.
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.
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.
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 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
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 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.
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
The subscriptions to IPOs (initial public offerings) in the Saudi stock market dropped drastically during the year, according to a recent economic study.