Economy & Trade
October 1, 2013
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
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.
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
The Dubai Customs delegation, headed by Ahmed Butti Ahmed concluded its official business visit to the People’s Republic of China.
September 26, 2013
"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
Dubai SME, has received the ISO 9001:2008 certification for its quality management programme from the British Standards Institution (BSI).
September 24, 2013
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".
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
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.
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.
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.
The economic growth of Gulf Cooperation Council (GCC) countries is expected to slow down to 4 per cent this year, according to Euler Hermes.
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
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".
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.