Economy & Trade

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Security alerts due to rocket attacks and frequent air raid sirens have disrupted business activity and caused a drop in industrial output and consumer spending.
The Bank of Israel cut its benchmark interest rate to 0.5 percent Monday from 0.75 percent, partly to offset economic damage from the conflict.

May 16, 2013

"The recovery in the economy is solid, the expectation is around 4 per cent"
10:16 GMT

Dubai’s benchmark index continued yesterday from where it ended on Tuesday, as stocks maintained their upward trend to set new highs since October 2009.

May 15, 2013

Saudi Arabia has resorted to strong fiscal stimulus measures
13:57 GMT

Saudi Arabia’s real GDP is estimated to have expanded 6.8 percent in 2012.

During the meeting
10:02 GMT

In a move aimed at highlighting the structural changes taking place in the Municipal System in the Emirate of Abu Dhabi, which reflects the commitment of the Department of Municipal Affairs.

The Dubai Gold & Commodities Exchange
09:12 GMT
(press release)

The Dubai Gold & Commodities Exchange announced that CQG, has become an approved independent software vendor (ISV) on the Exchange.

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.