Economy & Trade

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Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.

December 12, 2014

Strong economic growth across the region has also led to an increase in demand for human resources professionals
20:06 GMT

Average salaries in the UAE for professional roles rose by just two per cent over the last 12 months.

December 11, 2014

The Ministry of Labor has taken penal action against as many as 707 companies and establishments, which failed to implement a mandatory Wage Protection Program.
16:28 GMT

Abdullah Abu Thunain, deputy minister for inspection and work environment development, said that the punitive measures were taken following raids carried out by inspectors

Bayoumi said that Egypt and the EU have implicitly agreed to resume the technical committees of the partnership’s work.
10:30 GMT

The European Union (EU) proposed a new trade agreement for countries participating in partnership agreements with Europe last week.

Ahmed Mahboob Musabih addressing the Indian business community in Dubai at the meeting
05:43 GMT

His Excellency Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation and His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs, attended a meeting for the Indian business community in Dubai.

In its World Economic Outlook report in October, the IMF estimated Iraq's gross domestic product would shrink 2.7 percent this year.
04:55 GMT

The International Monetary Fund on Tuesday said Iraq's oil-dependent economy was expected to contract much less than previously thought this year due to rising oil production.

December 10, 2014

"The weaker the family, the more members in a family, the greater the savings will be," he said.
20:13 GMT

That is higher than a poll conducted before the last election in January 2013, when 43 per cent cited economic issues and the cost of living as the biggest concern.

His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince and Chairman of the Executive Council of the Emirate of Dubai,
10:10 GMT

The Department of Economic Development (DED) in Dubai along with the Department of Economic Development in Abu Dhabi will host the ‘UAE Economic Outlook 2015’ forum at the Armani Hotel Dubai 16-17.

“This represent about 30 percent of the country’s gross domestic product,” the study said.
05:55 GMT

The Shoura Council is currently debating a new law to fight tasattur or illegal business activities conducted by expatriates in the name of Saudis.

During the event
04:40 GMT

Dubai Chamber of Commerce and Industry, in partnership with LexisNexis, organised a half-day seminar on the UAE’s Civil Transactions Law at its head office recently.

December 8, 2014

Yousuf Ozair Mubarak, director of the IPR Department at Dubai Customs
11:44 GMT

Dubai Customs has launched the 8th edition of its IPR Awards for the year 2014-2015.

 "Israel is of course exceptional, because it had no severe economic crisis, because you listened to Stanley Fischer's advice," he said
05:55 GMT

Dr. Jason Furman, chairman of US President Barack Obama's Council of Economic Advisers, estimates that Israel will overtake the US in inequality.

December 7, 2014

Younis Othman, Director of Information Technology
11:02 GMT

Dubai Customs recently took part in a session for the WCO’s Permanent Technical Committee (PTC) in Brussels.

During the meeting
10:34 GMT

Dubai Chamber of Commerce and Industry hosted H.E. Almazbek Atambaev, President of the Kyrgyz Republic, and his accompanying delegation during a business meeting.

December 4, 2014

“The Saudis have conditioned any aid on the implementation of the (deal). The Houthis have to leave before they pay,” a senior Yemeni government official told Reuters.
16:19 GMT

“The Saudis’ approach is that ‘we’ll step back and let Yemen see the consequences of their choice of the Houthis and eventually they’ll come to their senses’.

Egypt moved up 20 ranks in Transparency International’s Corruption Perceptions Index (CPI)
15:44 GMT

Egypt ranked 94th in this year’s report, which was released on 3 December, compared to the 114th place last year.