Economy & Trade

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The King described the future vision entailed in the 10-year economic plan as “the most important strategic initiative for the future of Jordan and Jordanians
His Majesty King Abdullah on Tuesday stressed his full support to all the committees entrusted with preparing a future vision of the national economy, coupled with an executive plan, urging them to place the interests of Jordanians at the core of their work.

June 9, 2013

Yemen reports increased investment in industrial, service sectors
05:30 GMT

Prime Minister Mohammed Salem Basindwa met on Saturday a Russian economic and investment delegation, headed by Russian deputy minister of Economic Development Alexei Likhachev who is currently visiting Yemen.

International Monetary Fund (IMF), which is holding talks with Egypt on a $4.8bn loan, says the country’s authority is progressing in technical talks as negotiations continue
(AFP Photo)
05:00 GMT

The statement comea a few weeks ahead of planned protests for 30 June and amid an already-ailing economy one year into President Mohamed Morsi’s tenure.

June 6, 2013

Iraq has been one of the countries Sudan has turned to for help with its financial woes
10:54 GMT

Sudan's investment minister Mustafa Osman Ismail has announced that the Iraqi government agreed on Tuesday to sell it oil but pay for its price at a later date.

June 5, 2013

All but one of the 30 stocks in the index fell
12:15 GMT

Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.

Bank Saderat Iran
11:12 GMT

A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's leadership and helping it evade the pinch from international sanctions on Tehran's nuclear program,

Belaid Rettab, Dubai Chamber
09:56 GMT

The Dubai Chamber of Commerce and Industry’s Centre for Responsible Business organized an event to launch the Sustainability Network Task Groups for 2013.

The Boston Consulting Group
06:00 GMT

Private financial wealth in the Middle East and Africa (MEA) is poised to grow 35 per cent to $6.5 trillion by 2017 driven by new wealth creation linked to strong economic expansion.

June 4, 2013

Trade between the two countries has consistently increased over the last few years
13:28 GMT

Dubai Airport Freezone (DAFZA) recently hosted two seminars in Rome and Milan to boost the United Arab Emirates’ economic ties with Italy.

Mr Ahmed Abdulla bin Lahej, Director of Jebel Ali Customs Centres Department
11:41 GMT

Dubai Customs has succeeded in efficiently encountering attempts to smuggle red sandalwood, listed as an endangered species and prohibited to trade in under the CITES International Convention and local legislations.

During the visit
10:57 GMT

H.E. Majed Ali Al Mansouri the chairman of the Department of Municipal Affairs (DMA) had received a delegation from the United Nations Human Settlements Program.

June 3, 2013

Abdul Baset Al Janahi, Chief Executive Officer of Dubai SME
11:28 GMT

Dubai SME has launched the 8th cycle of the ‘Mohammed Bin Rashid Award for Young Business Leaders’ (YBL).

June 2, 2013

Egypt has run through more than $20 billion in reserves
10:22 GMT

Egypt has converted $2.5 billion that Qatar lent it in December into 18-month notes and is working to convert another $3 billion lent this month into three-year bonds, Egypt's central bank governor was quoted on Thursday as saying.

US shale oil production has added 850,000 barrels per day to its current production levels
10:08 GMT

Saudi Arabia exported nearly 1.06 billion barrels of oil in the first five months of the current year that yielded SR 428.6 billion, an economic expert was quoted by the local media.

Public Services
10:00 GMT

Department of Economic Development has unveiled a first-of-its-kind smart phone application for business registration and licensing in line with the Mobile Governmentز

During the workshop
07:09 GMT

DMA held a workshop with the contractors in the Emirate of Abu Dhabi highlighting the Classification system and the requirements to comply with the new system.