Economy & Trade
September 18, 2012
Egyptian-American talks about a proposed $1 billion in economic relief have been frozen as a result of Egypt's half-hearted response to the attacks on US embassy in Cairo last week.
The total value of exports from Al Mazunah Free Zone exceeded $11 million during the first half of the current calendar, with September seeing significant export movement to Yemen
Jordan's national exports for the Great Arab Free Trade Area (GAFTA) have dropped by 6 percent during the first 7 months of this year affected by the value of exports to Iraq, Syria and Lebanon, official figures showed.
The Community Development Authority has launched a two-week awareness campaign under the theme Without humanity there can be no humankind, from 17th - 30th September 2012.
The Business Excellence Department at the Dubai Department of Economic Development, DED, has developed an online solution to improve the speed and efficiency of the Mystery Shopper programme.
To improve the skills of the municipal system employees, the directors of the training departments held the closing session of meetings for the Unification of procedures and policies of the training departments.
The Tunisian economy has recently posted improved indicators in several areas of the economy, although the World Bank has suggested that the situation could be better if reforms are carried out
The Cabinet agreed Monday to slap taxes on profits from real estate, lottery wins and investment licenses to partially fund the new salary scale.
September 17, 2012
The beginning of the new academic year in Egypt was disrupted by strikes by two different sets of workers. Workers with the Cairo Transportation authority and the education sector employees took industrial action over pay and administrative reform.
Lebanon will enter recession in the third quarter of this year, if analysts are proved correct. Citing the Syrian conflict for a stagnating economy, the Institute of International Finance says that the economy is likely to contract by a further 0.5% in the third quarter, after a 0.3% contraction in the second.
September 16, 2012
The Dubai Chamber of Commerce and Industry, in association with the Singapore Mediation Centre, organised a seminar entitled "Mediation: An Effective Tool for Settling Commercial Disputes".
Saudi's leading indicator purchasing manager's index (PMI) which measures manufacturing and services sectors' performance rose to 58.3 points in August 2012 from 58.1 points in July 2012.
September 13, 2012
The Dubai Chamber of Commerce and Industry, in association with the Hong Kong Trade Development Council and support of HSBC, organised a seminar entitled, “Hong Kong – Your Gateway to China”.
The Lebanese Prime Minister, Najib Mikati, will suggest that planned pay increases for senior officials will be reconsidered after a series of protests, including strikes by government-baked industries.
The Dubai Gold & Commodities Exchange announced the signing of a Memorandum of Understanding with Dalian Commodity Exchange, the first MoU that DCE has signed with an Exchange in the Middle East.