Economy & Trade

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The economist behind a plan to unlock at least $380 billion worth of assets from Egypt's black market says President Abdel Fattah Al Sisi.
He predicts such reforms could more than double economic growth rates within five years by giving people access to credit and the protections of legal status

May 14, 2013

Kuwaiti Parliament (Getty/AFP)
11:53 GMT

Kuwait’s GDP has been forecast to grow 1.1 per cent in 2013 as oil prices and production stabilises.

Institute of International Finance (file photo)
10:46 GMT

The UAE’s economic growth is projected to moderate to 3.6 per cent in 2013 from an estimated growth of 4.8 per cent last year.

During the roundtable
10:27 GMT

The Dubai Chamber of Commerce and Industry organised a roundtable discussion on Expanding Tourism between Dubai and Azerbaijan through its international representative Office in Baku at the Azerbaijan Jumeirah Bilgah Beach Hotel.

Islamic banking needs separate regulations and reporting standard
03:55 GMT

Central banks of the Islamic countries have been urged to adopt a separate set of regulation to reduce confusion among Muslim scholars

May 13, 2013

The Organization of the Petroleum Exporting Countries’
14:10 GMT

Opec crude oil output rose in April from its lowest monthly level in more than a year due to the resolution of export disruptions in Iraq and Libya and a rise in Iranian sales

Egypt Prime Minister Ahmad Qandil
10:30 GMT

Prime Minister Hesham Qandil stated that negotiations currently being held with the IMF to secure the country’s pending $4.8bn loan were ongoing

Dubai Gold and Commodities Exchange
10:25 GMT
(press release)

The Dubai Gold and Commodities Exchange achieved a significant growth milestone in April when its cumulative trading volumes since inception crossed $1 trillion in value.

During the visit
10:03 GMT
(press release)

Micro Automation Industries has made inroads into regional and European markets since 2003 and is increasing their global export footprint of Powermatic products this year.

Muscat Securities Market
06:06 GMT

Strength in global equity markets supported regional sentiment as most GCC stock markets ended Sunday in positive territory. The Muscat Securities Market general index inched up 0.20 per cent to close at 6,264.68.

May 12, 2013

President Jacob Zuma addresseS the World Economic Forum plenary session on BRICS. (Photo: GCIS)
11:48 GMT

Two of Africa's biggest economies sign memoranda of understanding

Commerce and Industry Minister Tawfiq Al-Rabiah speaks at the Forum for Indigenization of Electrical Equipment Industry in Riyadh.
10:54 GMT

Commerce and Industry Minister Tawfiq Al-Rabiah has commended the keenness of Saudi Electricity Company (SEC) to encourage national industries through the purchase of electrical products in the Kingdom.

Saeed Matar Al Marri, Deputy CEO of Business Registration & Licensing (BRL) sector in DED
10:33 GMT

Key economic sectors and activity in Dubai remained stable and growing in during the first quarter of 2013, with the DED issuing 4,582 business licenses, four per cent higher than the 4,414 licenses issued during the same period in 2012.

During the event
06:12 GMT
(press release)

The Ministry of Finance (MoF) has signed an agreement with Dubai eGovernment Department for the eDirham G2 services to be adopted as a tool for collection of government entity fees in in Dubai.

May 9, 2013

World Bank Building
12:24 GMT

A World Bank report released Wednesday cautioned Jordan of a “moral hazard” phenomenon.

The role of SWFs in the global economy has only strengthened
12:15 GMT

The report represents a collection of articles prepared by KPMG specialists throughout the Middle East and provides insight into the recent trends and developments in SWF investment strategies