Economy & Trade
June 20, 2013
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.
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
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 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.
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.
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.
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
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) 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.
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
Dubai Exports showcased the emirate’s expertise and resources in Islamic economic services to the business community in Toronto and Vancouver.
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
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.
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.