Economy & Trade
January 3, 2013
The Egyptian pound slid further on Thursday during the Central Bank of Egypt’s fourth currency auction.
Oman's gross domestic product, adjusted for inflation, grew an estimated 8.3 per cent last year.
The Kuwait-based Arab Fund for Economic and Social Development (AFESD) signed a deal on Wednesday with Sudan to help finance the launch of a new industrial bank
The value of trade between Iran and Turkey surpassed $20.8 billion in the first 11 months of 2012, showing around 40 percent rise compared to the same period in 2011, IRNA reported citing data by Turkey's statistics center.
The UK, which assumed the presidency of the G8 at the beginning of new year, has admitted that Egypt has not been given the support it needed after its revolution.
The UAE has become Japan’s major economic partner in the Middle East and North Africa (MENA) region over the past decade, providing Japan with 25 per cent of its oil needs, a new report shows.
Egypt's stock market rose strongly on 2013's first day of trading, confirming analysts' expectations that the Central Bank's new system of currency auctions would give the market a boost.
January 2, 2013
Prominent opposition figure, Mohamed ElBaradei, says that the economy would not recover without political stability, beginning with the constitution and national reconciliation.
Egypt's Central Bank (CBE) said it offered to sell $75 million to banks on Wednesday, Reuters reported.
Lebanon, a major importer of Brazilian meat, imposed a temporary ban on the import of cattle from the Brazilian state of Parana over fears of mad cow disease.
In its budget for 2013, Oman has raised state spending by 30 per cent from the original 2012 plan.
Dubai eGovernment Department has honoured its basic services employees at its headquarters in HH Ruler’s Court in Dubai.
The volume of overall investment is expected to top $45 billion over five years in Bahrain, a top businessman said.
Riyadh Saudi stocks close higher yesterday with gains in all sectors after oil prices edged up on Monday and the U.S. Senate passed a deal to avert a "fiscal cliff" which threatened the world's largest economy.
The Department of Economic Development (DED) in Dubai has asked all commercial license holders in the UAE to get permits for their warehouses in Dubai within the next six months.