Economy & Trade
June 18, 2013
Lebanon’s public debt swelled by nearly $5 billion during the term of former premier Najib Mikati’s Cabinet, the secretary-general of the Association of Banks in Lebanon said.
A World Bank report has shown that the sultanate received US$39mn in remittances from Omani expatriates in 2012, ranking it 145th out of the 165 countries for which there is remittance inflow data.
June 17, 2013
Dubai eGovernment Department (DeG), has announced its readiness for its transformation into a smart government in line with the initiative of His Highness Sheikh Mohammed Bin Rashid Al Maktoum.
Moody's Investors Service has upgraded Jebel Ali Free Zone FZE's (JAFZ) Corporate Family Rating (CFR) to Ba3 from B1, Probability of Default Rating (PDR) to Ba3-PD, and the rating on the US dollar-denominated trust certificates (Sukuk) issued by JAFZ Sukuk to Ba3.
Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday.
June 16, 2013
Dubai Exports showcased the emirate’s expertise and resources in Islamic economic services to the business community in Toronto and Vancouver.
The International Monetary Fund has warned that Dubai is risking another boom-to-bust business cycle by pushing up its debt to boost short-term growth at the cost of the medium term outlook, in a statement concluding its annual mission to the UAE.
June 13, 2013
Department of Municipal Affairs in collaboration with the Blood Bank of the Sheikh Khalifa Medical City organized a blood donation campaign at the DMA building in Abu Dhabi.
The GCC is on the threshold of a major power revolution, with investments in the sector estimated at $250 billion in the next five years, according to a new study.
June 12, 2013
Sudan's currency has fallen close to a record low against the dollar on the black market since Khartoum threatened to halt cross-border oil flows with South Sudan as import firms fear a dollar scarcity will worsen, dealers said.
Annual inflation in Yemen surged to 14 percent in April, the highest level since February 2012, fuelled by rises in the prices of food, tobacco and qat, central bank data showed on Tuesday.
Job applications submitted via the Dubai Government job portal (eJob) have risen by 36%, according to official statistics revealed by Dubai eGovernment Department (DeG).
Dubai Customs organized two introductory workshops on the categories of both electronically and financially distinguished Government Departments.
The UK Minister of State for Transport, Simon Burns visited Jebel Ali Port and the free zone and was welcomed by H.E. Sultan Ahmed Bin Sulayem, Chairman, DP World.
June 11, 2013
Dubai Business Women Council participated in the latest edition of the NBAD Fursati session.