Economy & Trade

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Asia and Turkey will also remain the most important trade partners of the UAE in terms of imports.
September 17, 2014 - 15:55 GMT
The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.

June 9, 2013

Department of Municipal Affairs
09:52 GMT

The Department of Municipal Affairs in the Emirate of Abu Dhabi got a membership of the Asia Pacific Real Estate Association Limited.

May forecast of foreign reserves were to increase to $19bn by the end of this year
06:58 GMT

The Central Bank of Egypt (CBE) announced a $1.6bn increase in Egypt’s net foreign currency reserves to $16.04bn at the end of May, but analysts warn this is a “temporary phenomenon”.

Abu Dhabi economy improves significantly in first quarter
06:13 GMT

The Abu Dhabi Department of Economic Development (ADDED) said yesterday economic conditions in the emirate improved considerably in the first quarter this year led by an outstanding performance of local banks and the stock market that was further boosted by high global oil prices and inflow of tourists into the emirate.

Yemen reports increased investment in industrial, service sectors
05:30 GMT

Prime Minister Mohammed Salem Basindwa met on Saturday a Russian economic and investment delegation, headed by Russian deputy minister of Economic Development Alexei Likhachev who is currently visiting Yemen.

International Monetary Fund (IMF), which is holding talks with Egypt on a $4.8bn loan, says the country’s authority is progressing in technical talks as negotiations continue
(AFP Photo)
05:00 GMT

The statement comea a few weeks ahead of planned protests for 30 June and amid an already-ailing economy one year into President Mohamed Morsi’s tenure.

June 6, 2013

Iraq has been one of the countries Sudan has turned to for help with its financial woes
10:54 GMT

Sudan's investment minister Mustafa Osman Ismail has announced that the Iraqi government agreed on Tuesday to sell it oil but pay for its price at a later date.

June 5, 2013

All but one of the 30 stocks in the index fell
12:15 GMT

Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.

Bank Saderat Iran
11:12 GMT

A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's leadership and helping it evade the pinch from international sanctions on Tehran's nuclear program,

Belaid Rettab, Dubai Chamber
09:56 GMT

The Dubai Chamber of Commerce and Industry’s Centre for Responsible Business organized an event to launch the Sustainability Network Task Groups for 2013.

The Boston Consulting Group
06:00 GMT

Private financial wealth in the Middle East and Africa (MEA) is poised to grow 35 per cent to $6.5 trillion by 2017 driven by new wealth creation linked to strong economic expansion.

June 4, 2013

Trade between the two countries has consistently increased over the last few years
13:28 GMT

Dubai Airport Freezone (DAFZA) recently hosted two seminars in Rome and Milan to boost the United Arab Emirates’ economic ties with Italy.

Mr Ahmed Abdulla bin Lahej, Director of Jebel Ali Customs Centres Department
11:41 GMT

Dubai Customs has succeeded in efficiently encountering attempts to smuggle red sandalwood, listed as an endangered species and prohibited to trade in under the CITES International Convention and local legislations.

During the visit
10:57 GMT

H.E. Majed Ali Al Mansouri the chairman of the Department of Municipal Affairs (DMA) had received a delegation from the United Nations Human Settlements Program.

June 3, 2013

Abdul Baset Al Janahi, Chief Executive Officer of Dubai SME
11:28 GMT

Dubai SME has launched the 8th cycle of the ‘Mohammed Bin Rashid Award for Young Business Leaders’ (YBL).

June 2, 2013

Egypt has run through more than $20 billion in reserves
10:22 GMT

Egypt has converted $2.5 billion that Qatar lent it in December into 18-month notes and is working to convert another $3 billion lent this month into three-year bonds, Egypt's central bank governor was quoted on Thursday as saying.