Economy & Trade

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The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
Today
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)

May 27, 2014

Dubai Chamber green building
12:37 GMT

the Dubai Chamber of Commerce and Industry has reinforced its position as a leader in green building by receiving LEED Platinum – the highest possible rating and another 1st in the Arab world.

May 26, 2014

The bank should leave the currency floating and expose it to the market’s supply and demand, Younes said.
11:26 GMT

The Egyptian pound unexpectedly fell to record EGP 7.14 against the dollar after the Central Bank of Egypt (CBE) held an “exceptional foreign exchange auction” on 14 May

May 25, 2014

His Excellency Sami Al Qamzi, Director General of DED
10:48 GMT

Department of Economic Development will announce the winners of the Dubai Quality Award, Dubai Human Development Award and the Dubai Service Excellence Scheme at the 20th Anniversary of Business Excellence Awards.

During the meeting
10:37 GMT

H.E. Hamad Buamim, President and CEO, Dubai Chamber of Commerce and Industry, received H.E. Ahmed Mahboob Musabih, Director General, Dubai Customs, at the Chamber head office recently.

During the event
05:25 GMT

Dubai Customs announced the adoption of a security programs policy for training Customs inspectors, aiming at enhancing their security sense and self-defense and leadership skills to be able to protect UAE borders.

May 24, 2014

During the meeting Kuwaiti Minister of Planning and Development Affairs, Hind Alsubaih, proposed the establishment of a pan Gulf research centre for planning and development
01:05 GMT

The UAE has called for increased coordination between GCC member countries to achieve economic integration in the region.

May 22, 2014

Dubai Chamber Sustainability Network
10:39 GMT

Members of Dubai Chamber of Commerce and Industry’s Centre managed Sustainability Network Task Group in partnership with RTA and RoadSafetyUAE.com launched a Road Safety Campaign “Be Responsible- Drive Safe”.

May 20, 2014

DP World Chairman, His Excellency Sultan Ahmed Bin Sulayem , Assistant Minister for Infrastructure and Regional Development, the Hon Jamie Briggs MP, DP World Australia Managing Director and CEO, Paul Scurrah and DP World Australia Chairman, Holly Koeppel, at the official opening of Brisbane terminal
10:43 GMT

DP World celebrated the launch of the most advanced semi-automated terminal in Australia with the grand opening of its facility at the Port of Brisbane today.

During the event
05:25 GMT

Dubai Customs has recently celebrated World Ideas Week from 12 to 15 May for the fourth consecutive year.

May 19, 2014

Adil Al Zarooni, Senior Vice President-Sales, Jafza addressing one of the business seminars in Buenos Aires
08:59 GMT

Jebel Ali Free Zone (Jafza), the flagship Free Zone operation of Economic Zones World, has held an extensive roadshow in Buenos Aires to attract new Argentinian companies to the Free Zone.

Jumeirah
05:25 GMT

Dubai Customs has completed the fishermen harbours development project in Jumeirah and Umm Suqeim.

Egypt consumes 15m tons of wheat per year, according to official figures from the supply ministry.
03:55 GMT

The minister noted that government’s new smartcard bread subsidy system, which offers a maximum of 150 loaves for each citizen per month, is set to be implemented in Cairo “within several days”.

Mohammed Al-Amri, who served as undersecretary of the Ministry of Transport and Communication, was jailed for three years, fined 1.2 million rials and barred from public office for 30 years.
03:55 GMT

A former Omani commerce minister was jailed for three years for corruption on Sunday, the most senior government figure to be convicted in a campaign against graft in the sultanate.

With regard to imports, China is the top trading partner of Dubai dealing in trade worth Dh130 billion ($35 billion), he added.
00:26 GMT

China has emerged as the second top trading partner of Dubai with its bilateral trade at Dh135 billion ($36.7 billion) in 2013, up 18 per cent over the previous year, according to a report from Dubai Customs.

May 18, 2014

In addition to trade in oil and gas, the Netherlands exports a wide range of products and technology in the agriculture, machinery, chemical and petrochemical sectors in Saudi Arabia
03:55 GMT

Saudi Arabia is considering trade sanctions against the Netherlands because of stickers printed by far-right politician Geert Wilders which display anti-Islam slogans in the colours of the Saudi flag.