Economy & Trade
May 14, 2013
Kuwait’s GDP has been forecast to grow 1.1 per cent in 2013 as oil prices and production stabilises.
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.
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.
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
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
Prime Minister Hesham Qandil stated that negotiations currently being held with the IMF to secure the country’s pending $4.8bn loan were ongoing
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.
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.
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
Two of Africa's biggest economies sign memoranda of understanding
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.
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.
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
A World Bank report released Wednesday cautioned Jordan of a “moral hazard” phenomenon.
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