Economy & Trade
March 3, 2013
Yemen is pushing to join the World Trade Organisation, 13 years after first requesting to join the organisation which looks to oversee the liberalizing of global trade.
Political consensus is needed to ensure difficult economic reforms are passed so Egypt can secure a $4.8 billion loan from the IMF, according to the US' Secretary of State, John Kerry.
February 28, 2013
The government of Egypt is formally inviting the International Monetary Fund (IMF) to resume talks over a pending $4.8 billion loan agreement, Minister of Planning and International Cooperation Ashraf El-Arabi announced Thursday.
Dubai’s Sheikh Mohammed bin Rashid al-Maktoum is determined to position the UAE in the world’s top economic ranking by hailing the country's Islamic finance credentials, according to a local report.
Egypt’s government has no intention of renting or selling any of the country’s monuments, the cabinet’s official spokesman stated on Wednesday.
India’s President Pranab Mukherjee has said that his country and Iran must work together to further promote trade and economic links, according to the New Indian Express on Wednesday.
The operational excellence of the Aujan Coca-Cola Beverages Company, the leading still beverage manufacturer in the Middle East, was recognised today by the Dubai Municipality on the sidelines of Gulfood.
The Egyptian economy continues to post negative results, with the country's budget deficit increasing by almost 36 per cent, from July to January of the 2012/13 fiscal year compared to the same period the previous fiscal year.
Jordan's finance minister thanked the Saudi Ambassador to the Kingdom on Wednesday for $200 million, used to prop up the ailing economy.
Egypt's Minister of Finance, Mursi Hijazi, said on Wednesday that Egypt is losing about 100 million Egyptian pounds ($15 million) per day because of insecurity and political unrest.
February 27, 2013
Dubai Chamber of Commerce and Industry hosted Gulfood Connect networking luncheon on the sidelines of the ongoing 18th edition of the Gulfood 2013 exhibition at the Dubai International Convention and Exhibition Centre.
Yemen loses about $10 billion because of widespread corruption at various public offices, a recent official report has said.
The Department of Economic Development witnessed a nine per cent increase in licenses issued in January 2013 compared to the same month of 2012 as economic activity in Dubai remained on an upward curve.
The Ministry of Finance announced that as of Wednesday 27th of February, the first generation of the e-Dirham system will be suspended while all data and calculations will be transferred to the second generation system instead.
DP World Caucedo has welcomed ”True North”, the 70-foot yacht that embarked on a circumnavigation of the globe last summer to raise awareness for the UAE’s bid to host the 2020 World Expo in Dubai.