Economy & Trade
May 29, 2013
More banks in the UAE are joining the SME lending bandwagon to expand their market share of the country’s financing segment.
Emirates NBD and Dubai SME have entered into a strategic partnership to extend up to Dh50 million in new loans dedicated to Emirati entrepreneurs and small businesses.
May 28, 2013
Enhanced private sector activity stimulated by higher government spending and growth in the non-oil and gas sector will drive Qatar’s real GDP growth to 6.5% this year and 6.8% in 2014.
Businessmen working in Egypt’s building materials sector warned that steel prices are expected to rise this coming June, as a result of increases in the price of raw materials and the continued devaluation of the Egyptian pound.
The Dubai Chamber of Commerce and Industry has finalised its preparations for sending out a business delegation on the CIS Regional Trade Mission starting on June 2 in Kazakhstan and concluding on June 5 in Uzbekistan.
Department of Economic Development and Commercial Bank of Dubai have signed an agreement to provide automated business registration and licensing services across CBD counters.
Seatrade Middle East Workboats & Offshore Marine will see an exciting new component added to the biannual industry showcase.
May 27, 2013
Global marine terminal operator DP World announced 27 May that its flagship Jebel Ali Port has become the first port in the Middle East Region to achieve the United Nations Department of Safety and Security Certificate.
Uncertainties associated with Egypt's post-revolution transition adversely affect country's ranking in World Economic Forum (WEF)'s Global Competitive Index for 2012/13
Petroleum Development Oman (PDO) has signed a US$30mn contract with Schlumberger, a leading international oilfield services company, which will increase the amount of Omani-made materials used in the oil and gas sector.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the Best M-Government Service Award.
May 26, 2013
Investment Corporation of Dubai (ICD), the holding company for some of the emirate's best-known companies, may increase the size of a $2 billion loan after significant interest in the deal from lenders, banking sources said.
Cooperation between the UAE and Kazakhstan is growing in real estate, energy and financial services, a study recently commissioned by Dubai Chamber of Commerce and Industry shows.
Issuance of debt securities saw a strong pick up during the first quarter of 2013 on the back of healthy activity by the non-financial sector in Saudi Arabia and UAE banks, according to the latest research from the National Bank of Kuwait (NBK).
Dubai eGovernment has gifted to its employees the latest book of HH Sheikh Mohammed entitled ‘Wamdat Min Fikr – Flashes of Inspiration’.