Economy & Trade

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The Kingdom of Saudi Arabia (KSA) could be heading for financial turmoil, potentially posting a deficit in 2015.
Running a dictatorship is a pricey endeavor. It comes as no surprise then that since 2010, annual spending has risen 52 percent, reaching $265.5 billion in 2013.

June 16, 2013

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.

Payments will be backdated to January and will cost the government BD105 million this year and next.
12:06 GMT

Bahrain has agreed to increase payouts to around 100,000 needy families in an attempt to end the impasse on the national budget.

Over 70 per cent of the respondents have used online advertising to help reach new clients
11:39 GMT

Over 100 business leaders representing over 80 Qatari small and medium businesses from various sectors attended the SME Evolution Program 2013 launch event in the Four Seasons Hotel Doha.

Dubai SME
10:32 GMT

Dubai SME mandated to develop the small and medium enterprises sector announced that 2,963 SMEs have been nominated for the 2013 Dubai SME100 ranking.

He said he could save a handsome amount by holding the remittance for more than two weeks.
06:13 GMT

Indian expatriates who were sending money back home had smiling faces yesterday as the struggling Indian rupee hit a record low against the US dollar.

DP World
05:35 GMT

Marks & Spencer (M&S) and DP World London Gateway today jointly announce that M&S will build a major new distribution centre at the new deep-sea container port and logistics park.

June 10, 2013

The stock exchange's benchmark index dropped for its sixth day of declines
11:37 GMT

Egyptian three- and nine-month treasury bill yields climbed at auction on Sunday, with investors thin on the ground due to concerns over political unrest ahead of anti-government protests planned for June 30.