Economy & Trade

Featured Story:

Saudi Arabia's economy should gather pace for the second half of 2014 (File/AFP)
September 2, 2014 - 09:32 GMT
How well is Saudi Arabia's economy doing? It's time to have optimism towards the non-oil economy as it transitions into the labour market to turn favourable for 2015.

June 18, 2014

"Payment difficulties do come up and it is not a straightforward place to trade with, but deals to Iran are still being done," another European grains trade source said.
14:22 GMT

Iran is not barred from buying food or other goods for humanitarian purposes under sanctions imposed over Tehran's pursuit of nuclear technology.

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
14:15 GMT

Borrowers dropped to 28%, says Department of Economic Development

During the event
12:05 GMT

Dubai Chamber of Commerce and Industry hosted its 2nd quarterly Business Councils and Business Groups round table meeting at its Jebel Ali Branch recently.

The market has been mainly driven by tourism growth (nine to 10 per cent) while the resident market has been growing but at a slower rate.
08:23 GMT

The GCC luxury goods market has continued to grow fast.

June 17, 2014

Ahmed Mahboob with Dominican delegation
05:41 GMT

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs, has affirmed that DC’s core objectives for the time being are strongly in line with the Government of Dubai’s vision and strategic goals.

June 16, 2014

"The young men and women will receive fringe benefits including good salaries, financial incentives and vocational training," he said.
22:30 GMT

Only 1,760 young Saudi men and women applied for 11,751 vacancies made available by 70 private companies and establishments in the Saudi capital.

June 15, 2014

The money would go to the West Bank-based PA, Bseiso said, and a “special fund” would be set up to pay wages while the government discussed how to resolve the issue.
04:55 GMT

The PA has so far refused to pay Hamas’ 50,000 civil servants, who are not registered as its employees because they were appointed after the Islamist movement ousted bitter rivals Fatah – which dominates the PLO – from Gaza in 2007.

June 12, 2014

IALI has always worked in close partnership with the International Labor Office and other host country organizations, and is increasingly working at regional levels.
10:01 GMT

The International Association of Labor Inspection (IALI) is the global professional association for labor inspection.

China Roadshow
09:37 GMT

Jafza has conducted a highly-successful roadshow comprising workshops and business seminars in Taipei, Taiwan, Shanghai, Hangzhou and Beijing, China.

Egypt’s economic position was negatively affected by a decline in foreign direct investments (FDI) and tourism arrivals.
08:35 GMT

“We believe Egypt will likely enter into a standby agreement with the IMF [International Monetary Fund] soon,” the study said.

June 11, 2014

The expansion in GDP was 4 percent for the entire 2013.
12:21 GMT

A fast growth in exports accompanied by a solid domestic and an increase in public investments were the main drivers.

During the event
10:39 GMT

Dubai’s flourishing food & beverage sector and significance as an exports and re-exports hub have helped the local packaging industry grow and expand to strategic foreign markets, shows recent trade trends highlighted by Dubai Exports.

June 10, 2014

Salma Hareb, CEO of Economic Zones World and Jafza
10:32 GMT

The UK based Financial Times’ FDi Magazine has awarded Jafza “Free Zone of the Year 2014, Large Tenants, Middle East and North Africa” as well as “The Free Zone of the Year 2014, Large Tenants, United Arab Emirates.”

Ahmed Mahboob & Saed Al Awadi during the meeting
06:04 GMT

Ahmed Mahboob Musabih, Director of Dubai Customs, received Saed Al Awadi, CEO of Dubai Export Development Corporation (DEDC).

June 9, 2014

During the event
13:01 GMT

National Bonds Corporation (NBC) announced that DP World has signed up for its Employee Savings Program (ESP) with the aim of instilling a sustained culture of savings its employees in the UAE.