Economy & Trade
August 12, 2012
The fiscal surplus of the sultanate widened further to a record RO1.6bn in the first half of this year, as against a surplus of RO386mn in the corresponding period of 2011, latest data released by National Center for Statistics and Information (NCSI) showed.
Dubai Customs has successfully foiled an attempt by a food and beverages company to smuggle about 52 million drug tablets of restricted use including 4.2 million tablets of Tramadol drug.
August 9, 2012
The Cove Rotana Resort Ras Al Khaimah in collaboration with RAK Free Trade Zone organized a Charity Iftar for 33 orphans from Al Rahma Charity Association in Ras Khaimah.
August 8, 2012
Saudio Arabia's Finance Minister, Ibrahim Alassaf, says the country has no reason to change its 2012 economic growth forecast of 5.9 percent
Dubai Government’s Information Security Committee has held its first meeting at HH Dubai Ruler’s Court to review information security in Dubai Government as per Resolution No. 13 of 2012 passed by Dubai Executive Council.
The Department of Economic Development (DED) has launched an SMS and online campaign to spread awareness on consumer rights and the existing mechanisms.
August 7, 2012
Dubai's bourse fell yesterday, giving back gains from the previous day's rally, as investors booked profits on property stocks and weak earnings from Dubai Investments' dampened sentiment.
Dubai SME and SHUAA Capital have signed a memorandum of understanding to offer a new Valuation Advisory Services to a select number of Dubai SME 100 companies.
Dubai Customs inspectors thwarted an attempt of 28 stowaways from different Asian nationalities found hiding in a cargo ship voyaging from Dubai Creek port to an Asian country.
Gold and Rupee futures continued their strong run on the Dubai Gold and Commodities Exchange (DGCX) driving a 211% year-on-year increase in the Exchange’s volumes in July.
August 6, 2012
The stock markets in the Gulf Cooperation Council (GCC) rose in July, gaining 0.41 per cent after a decrease of 2.91 per cent in June, according to Kuwait Financial Centre's (Markaz) latest update on regional markets.
Dubai Investments DI announced its financial results for the six month period ended 30 June 2012.
The Community Development Authority (CDA) launched a number of initiatives during the holy month of Ramdan, aimed at promoting the spirit of giving and sharing.
August 5, 2012
New UAE investment fund rules could hurt the country’s ambitions to become a more important financial center, analysts said, adding that Qatar could reap the benefits.
The Department of Economic Development in its biggest crackdown to date on counterfeiting has confiscated electronic appliances worth around four million dirhams from a warehouse in Al Aweer area of Dubai.