Economy & Trade

Featured Story:

Many countries have also showed willingness to sign contracts with Egypt to assist in solving the energy shortage crisis.
Following the ouster of former president Mohamed Morsi, Gulf countries and international financial institutions have pledged assistance to Egypt’s ailing economy.

June 30, 2013

A Cargolux airplane delivers a shipment (Source: Wikimedia)
14:46 GMT

The cargo shipment airline makes Muscat its 79th destination

Photo used for illustrative purposes (Source: Wikimedia)
14:35 GMT

A number of fraud cases have recently been dealt with by Omani police, among them foreign swindlers selling sand as gold

The ratings agency pointed out that OUIC's competitive position has strengthened the implementation of new business strategies
13:23 GMT

Oman United Insurance got upgraded to a BBB rating by S&P

The Burj Khalifa tower in Dubai
12:38 GMT

The real gross domestic product (GDP) of Dubai during the fourth quarter of 2012 increased by 5.3 per cent relative to the fourth quarter of 2011.

Kuwait banks enjoy rising credit
12:10 GMT

National Bank of Kuwait claims credit growth across many sectors

Food outlets warned against hiking prices during Ramadan
11:43 GMT

The municipalities of Sharjah and Ajman have warned food outlets and manufacturers against hiking prices of essential commodities — a violation of food safety regulations — before and during the holy month of Ramadan.

Al Grass
06:16 GMT

Dubai Customs announced the results of Al Grass initiative launched in April 2012.

Ali Ibrahim with assessors
05:43 GMT

The Dubai Department of Economic Development (DED) honoured the assessors of the Dubai Quality Award (DQA) and Dubai Human Development Award (DHDA) 2012 at a ceremony held at Park Hyatt Hotel, Dubai.

June 26, 2013

16:33 GMT

Georgia frequently serves as a battleground in the fight between Russia and the West, with politicians generally seen as taking one side or the other.

The Abu Dhabi Fund for Development has signed a memorandum of understanding with Morocco
13:11 GMT

The Abu Dhabi Fund for Development has signed a memorandum of understanding with Morocco for a $1.25 billion grant to be used for the provision of key services.

Ali Al Maqhawi speaks at the Forum about Dubai Customs anti-drugs efforts
11:35 GMT

Dubai Customs took part in the 9th International Protection Forum on Drugs Issues organized by Dubai Police General Headquarters.

Bahrain parliament
10:53 GMT

Bahrain's state spending is expected to jump 11 percent this year, by more than originally planned, after its parliament approved 174.2 million dinars ($462 million) in additional expenditure, official data showed.

Mixed Egyptian pound bills
10:44 GMT

The cost of insuring Egypt's debt against default has risen to record highs in the five-year credit default swap market, according to Markit, on concerns about political unrest.

During the meeting
10:19 GMT

The Department of Municipal Affairs and Ordnance Survey Great Britain, discussed strengthening cooperation between the two parties.

Gary Anderson, CEO, DGCX
05:49 GMT
(press release)

The Dubai Gold and Commodities Exchange announced today that it will launch a futures contract based on SENSEX, the blue-chip stock index of India’s leading bourse, the Bombay Stock Exchange (BSE).