Economy & Trade
January 20, 2013
A $6.5 billion European Union loan to Egypt will only be granted once the International Monetary Fund has signed its own $4.8 billion loan to the country.
Value of exports of 11,110 of Dubai Chamber members to 210 destinations in 2012, based on a data of the Certificates of Origin issued during the year.
The Dubai Department of Economic Development, DED issued 1,372 licences for various types of businesses in Dubai in December 2012.
Dubai Exports has closed a highly successful year, facilitating five billion dirhams worth of exports through local firms and factories in 2012, as against three billion dirhams in 2011.
The IMF is currently reviewing Egypt's new procedures for reducing its budget deficit as a prerequisite to resuming talks that would finalise the $4.8 billion loan deal, says Masood Ahmed, IMF's director of the Middle East and Central Asia department.
January 17, 2013
Saudi Arabia will send the cash-strapped Palestinian Authority $100 million to help alleviate its financial crisis, the official Palestinian news agency WAFA reported.
Jordan and Iraq have discussed the possibility of setting up an economic free zone between the two countries.
The Dubai Chamber of Commerce and Industry is all set to announce the 7th round of the Mohammed Bin Rashid Al Maktoum Business Award 2013.
Inflation in the UAE rose by just over half a percentage point, according to the annual report released yesterday by the National Bureau of Statistics.
Two new governorates in Egypt have been added to the Qualifying Industrial Zones (QIZ) agreement, in a move to try and boost the ailing economy.
The World Bank revised Lebanon’s real GDP growth for last year downward from 2.8 percent to 1.7 percent.
Department of Economic Development has released the second edition of the ‘Blue Book’ on laws governing relations between retailers and customers across key business sectors.
January 16, 2013
The World Bank has predicted Egypt's economy will grow by 2.6 per cent in the fiscal year 2012/13, a significantly lower figure than estimated by the Egyptian government.
Qatar's prime minister has said his country does not want to see Egypt go bankrupt, as the country faces a currency crisis and a stalling economy.
Egyptian stocks on Tuesday were adversely impacted by Monday night's rail disaster in which 19 passengers were killed and more than 120 injured.