Economy & Trade

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Asia and Turkey will also remain the most important trade partners of the UAE in terms of imports.
September 17, 2014 - 15:55 GMT
The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.

June 18, 2013

The ratings agency also downgraded the three leadings banks in the country
06:19 GMT

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.

Jordan remains the main source of remittance inflows to Oman
06:00 GMT

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

H.E. Ahmad Bin Humaidan, Director General of Dubai eGovernment
10:57 GMT
(press release)

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)
06:00 GMT

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.

no changes to the plan or the amount of aid the country is seeking
05:30 GMT

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

Sami Al Qamzi, Director General of DED
05:49 GMT

Dubai Exports showcased the emirate’s expertise and resources in Islamic economic services to the business community in Toronto and Vancouver.

International Monetary Fund
05:30 GMT

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

Blood Donation at DMA
08:10 GMT

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.

In Dubai, there are currently 11 plants varying from 400 megawatts to 1,400 megawatts
05:30 GMT

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

The pound has more than halved in value since South Sudan became independent in July 2011
11:39 GMT

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.

Consumer prices increased 0.6 percent in April, after 0.5 percent in March
11:03 GMT

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.

H.E. Ahmad Bin Humaidan, Director General of Dubai eGovernment
10:13 GMT
(press release)

Job applications submitted via the Dubai Government job portal (eJob) have risen by 36%, according to official statistics revealed by Dubai eGovernment Department (DeG).

Dr. Ziad Al Kahlout, DGEP Quality & Excellence Advisor delivers the workshop on the Category of the Financially Distinguished Government Department
09:19 GMT

Dubai Customs organized two introductory workshops on the categories of both electronically and financially distinguished Government Departments.

His Excellency Sultan Ahmed Bin Sulayem, Chairman, DP World and a number of senior DP World officials with The UK Minister of State for Transport, Simon Burns during his visit to Jebel Ali Port
07:16 GMT

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

During the session
12:53 GMT
(press release)

Dubai Business Women Council participated in the latest edition of the NBAD Fursati session.