Economy & Trade

Featured Story:

Saudi Arabia, as the world’s largest exporter of oil and the largest economy in the Arab world, has systemic importance to the world economy and the international financial markets.
January 28, 2015 - 14:02 GMT
Late King Abdullah bin Abdulaziz, the sixth king of Saudi Arabia, had a profound impact on the Saudi economy and oil policy.

September 8, 2013

Despite the rising influx of refugees, the Lebanese state has yet to draft a comprehensive plan to meet increasing needs, particularly in the health and education sectors.
13:45 GMT

The World Bank is looking into establishing a Multi Donor Trust Fund to support Lebanon after its government requested a swift assessment of the social and economic impact of the Syrian conflict on the country.

During the event
12:37 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has hosted a workshop on planning and its importance at work and at home.

Gary Anderson, CEO of DGCX
08:14 GMT
(press release)

Year-to-date volumes on the Dubai Gold and Commodities Exchange (DGCX) have surpassed the 10 million volume mark for the first time in the Exchange’s history.

September 5, 2013

Head of the Industrialists Association Nehmat Frem warned that Lebanon had crossed into dangerous territory when its public debt grew above $60 billion.
14:48 GMT

“Lebanon is almost the only country in the world where employers take the decision [to strike] when faced by economic risks,” Sleiman said at the news conference.

The country’s strong performance in terms of competitiveness rests on solid foundations made up of a high-quality institutional framework (4th), a stable macroeconomic environment (6th), and an efficient goods market (3rd), the report said.
13:55 GMT

Qatar ranked 13th on the global list of the 2013-14 Global Competitiveness Report’s index and the first in the Middle East region.

During the meeting
11:16 GMT

Dubai Electricity and Water Authority received in his office HE Tariq Khalid Al Hamd, Kuwaiti Consul General to Dubai, on the occasion of the later end tenure to the United Arab Emirates.

Abdul Aziz Bin Hathboor, Director of Consumer Protection at DED
07:08 GMT

Department of Economic Development has successfully solved consumer complaints raised on social media regarding some cinemas in the city charging an extra fee for online ticket reservation.

September 4, 2013

A more likely military strike would send gold higher again.
16:12 GMT

Gold prices have hit a three-month high in advance of possible US military action in Syria

"That is the only accurate and sure figure. Talking about thousands of factories closed as some do is an exaggeration," Abdel- Nour said during a press conference on Tuesday.
15:44 GMT

The minister for industry and foreign trade, Mounir Fakhry Abdel-Nour, has stressed that the number of Egyptian factories that have closed in recent months is not in the thousands as some reports – and government officials – have suggested

During the visit
13:26 GMT
(press release)

Ministry of Finance represented by the Department of Coordination of Fiscal Policies, received a delegation from the Ministry of Economy.

Dubai Investments
13:13 GMT

Dubai Investments is targeting growth in Kazakhstan and neighboring countries.

HE Al Shirawi and Danny K. Davis
13:04 GMT

Dubai Chamber of Commerce and Industry called on American companies to consider Dubai as a base for expansion, showcasing the benefits of investing in the emirate.

September 3, 2013

Lebanon leads the way in the region, benefitting from a $496 million trade commitment in the past year, a 34 percent increase on the previous fiscal year.
10:40 GMT

IFC, a member of the World Bank Group, is promoting trade in the Middle East and North Africa (MENA) to help the economic integration of the region.

September 2, 2013

Al-Faisal said on 19 August that his country, which boasts a budget surplus of over $100 billion, would compensate Egypt for any aid cuts from Western nations.
13:37 GMT

Al-Faisal said on 19 August that his country, which boasts a budget surplus of over $100 billion, would compensate Egypt for any aid cuts from Western nations

During the event
13:01 GMT

Exploring what makes a great global leader will be the focus of more than 90 students from 25 countries who are visiting DP World’s flagship Jebel Ali.