Economy & Trade

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“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
January 25, 2015 - 04:55 GMT
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

October 1, 2013

Excluding foreign grants, the budget deficit would be JD842.6 million during the first seven months of 2013, compared with JD658.4 in the same period last year, the ministry indicated.
09:13 GMT

By the end of July 2013, the total debt reached JD17.6 billion, an amount that represents 73.5 per cent of the estimated gross domestic product (GDP) for 2013. The percentage is 2 points lower than the 2012 GDP.

September 30, 2013

The agreements will be signed with Japan, the European Union (EU), Association of South East Asian Nations (Asean), South Korea, China, India, Turkey, Russia and Australia.
10:44 GMT

GCC countries are set to sign collective free trade agreements (FTAs) with several countries and economic blocs, encouraging foreign investment and creating new job opportunities, a report said.

Department of Economic Development
10:40 GMT

The Department of Economic Development witnessed a 15 per cent increase in licenses issued in August 2013 compared to the same month of 2012 as economic activity in Dubai remained on an upward curve.

September 29, 2013

Dubai Customs delegation visits China
07:49 GMT

The Dubai Customs delegation, headed by Ahmed Butti Ahmed concluded its official business visit to the People’s Republic of China.

September 26, 2013


The agreements were signed during His Majesty King Hamad's visit to the Asian country.
09:09 GMT

"It [the visit] has created connections between the private sectors of the two countries which will hopefully be transformed into new joint ventures."

September 25, 2013

Al Janahi receiving the certificate
05:36 GMT

Dubai SME, has received the ISO 9001:2008 certification for its quality management programme from the British Standards Institution (BSI).

September 24, 2013

Mafraq Governorate's population has increased by 70 per cent since the crisis started, which created extra pressure on its infrastructure and services.
13:59 GMT

Responding to a question about Jordan receiving $5 billion from international donors in assistance for the refugee crisis, Majali said "promises are one thing and implementing them on the ground is another".

Share of the oil sector to the Kingdom’s GDP dropped from 29.5 percent to 22.2 percent in the two periods, which is a good indication that the Saudi economy has been increasingly supported by the private and nonoil sectors.
10:28 GMT

Saudi Arabia's GDP registered a record growth in the last five years to reach SR2.66 trillion ($580 billion) in 2012 compared to SR1.95 trillion in 2008, according to a government report.

September 23, 2013

The smuggled shipments of the weapons
11:31 GMT

Dubai Customs seized 1,960 white weapons in Jebel Ali & TECOM Customs Center during an attempt to smuggle two shipments of these weapons into the UAE.

Consumer loans capture nearly 80 percent of Saudi local banks’ retail loan portfolio
11:26 GMT

The volume of consumer loans given by Saudi local banks rose by 22 percent to reach SR321 billion in the second quarter of the current year compared to the same period last year.

During the agreement
10:29 GMT

The DED in Dubai and the Dubai Health Authority have signed a joint agreement to share expertise and knowledge towards providing high quality licensing services in healthcare and related services.

Saudi Arabia and the United Arab Emirates are expected to lead the way for GCC growth
10:20 GMT

The economic growth of Gulf Cooperation Council (GCC) countries is expected to slow down to 4 per cent this year, according to Euler Hermes.

Fraud is one of the most significant systemic risks faced by financial and other institutions globally,
07:29 GMT

A typical organisation loses five per cent of its revenues to fraud each year which roughly translates to a global fraud loss of more than $3.5 trillion.

September 22, 2013

The Sudanese justice minister, Mohamed Bishara Dousa, said that the United States economic sanctions imposed on Sudan have seriously affected lives of the Sudanese people.
14:19 GMT

Sudan has been under the US blacklist of states sponsoring terrorism since 1993 on allegations of harbouring Islamist militants despite reports of Sudan being a cooperative intelligence partner of Washington in the "war on terror".

International Standard Banking Practices Seminar
10:46 GMT

Dubai Chamber of Commerce and Industry organised a seminar on the latest International Standard Banking Practices at its headquarters today as part of its efforts to update and inform the business community on the latest business practices.