Economy & Trade

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In their efforts to satisfy their individualistic desires, Egyptians are happy to achieve the tiniest self-realisation at the cost of the country’s welfare.
In principle, every citizen deserves a better life; why should people suffer if their lives can be improved?

April 29, 2013

His Excellency Sami Al Qamzi, Director General of DED
05:49 GMT

The Department of Economic Development in Dubai will honour the winners of the 2012 cycle of the Dubai Quality Award, Dubai Human Development Award and the Dubai Service Excellence Scheme.

Egypt is negotiating the interest rate on $3 billion worth of Egyptian bonds that Qatar agreed to purchase
03:55 GMT

Egypt is negotiating the interest rate on $3 billion worth of Egyptian treasury bonds that Qatar committed to buying earlier this month, Planning Minister Ashraf El-Araby has said in comments reported by state-owned Al-Ahram daily.

April 25, 2013

The UAE's economy is expected to grow by four per cent, according to the Minister for Economy
12:11 GMT

The UAE's GDP will grow by four per cent by the end of this year, according to the country's Ministry of Economy.

Negotiations between Qatar and Egypt over a $3 billion are on going, according to reports
10:51 GMT

Egypt is still in negotiations over a $3 billion loan from Qatar, with an interest rate of around 5 percent currently being discussed.

Saudi projects in Egypt are stalling, according to a planning minister
10:40 GMT

Saudi-owned projects worth 5 billion riyals ($1.3bn) have stalled in Egypt, with at least 20 projects pending, a senior minister has said.

DP World
10:00 GMT

DP World Limited will today hold its Annual General Meeting for the year ended 31 December 2012.

April 24, 2013

Egyptian's long-running IMF saga continues to rumble on
13:19 GMT

Egypt and the International Monetary Fund have agreed on the main aspects of a US$4.8 billion loan and the deal will be ready for implementation by the end of May, predicted regional IMF representative Abdel Shakour Shaalan.

The European Union  are to contribute  to the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG)
12:21 GMT

The European Union Tuesday contributed €1.6 million ($2.0 million) to the tenth payment under the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG) program, said an EU press release.

Egypt is set to submit its draft budget proposals to the Shura Council
08:36 GMT

Egyptian Finance Minister El-Morsi El-Sayed Hegazy officially submitted the government's 2013/14 budget to the Shura Council (Parliament's upper house) on Tuesday.

April 23, 2013

The EU is negotiating with Morocco over a new trade agreement
12:46 GMT

Trade representatives from the European Union and Morocco have begun talks to upgrade a trade agreement, the European Commission said Monday.

Bahrain's economy 'to grow 4.5 per cent this year'
10:17 GMT

Bahrain's economy is set to grow by 4.5 per cent this year and over 5pc next year, according to a leading private bank's top economist.

DED & DM during the signing
09:47 GMT

The DED in Dubai and the Dubai Municipality have signed a memorandum of understanding to launch the ‘Bareeq Excellence Award’ for best practices and outstanding service in gold and jewellery sector.

Lebanon has asked Iraq and Egypt to reduce transit fees as the Syrian conflict hurts its trade
08:55 GMT

Lebanon has filed an official request to reduce transit transport fees with Iraq and Egypt, the National News Agency reported Monday, in a bid to cut export costs after major land export routes were brought to a halt by the ongoing violence in neighboring Syria.

April 22, 2013

Could Egypt finally sign off on a deal with the IMF?
13:29 GMT

Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed" sources.

Emirates Environmental Group
11:09 GMT

Nokia and Emirates Environmental Group have stepped forward to open their initiative to invite further stakeholders for their engagement in electronics recycling.