Economy & Trade
May 22, 2013
Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund said Tuesday.
Poverty and malnutrition increased in Egypt between 2009-2011, with spikes expected as inflation increases
The International Monetary Fund (IMF) is not concerned about Dubai’s ability to repay its estimated $48 billion of debt obligations, according to the director of its Middle East and Central Asia department.
May 21, 2013
Department of Economic Development hosted a seminar to create awareness among Emiratis working in the public and private sector using the 2013 EFQM Model.
Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary Fund said on Tuesday, more than it expected in April.
Dubai Customs hosted a gala dinner to honour government entities and sponsors that contributed to the meticulous planning and seamless coordination of the event.
A good part of the funds would be invested towards the development of the emirate’s Western Region.
May 20, 2013
Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9pc growth seen in 2011.
Yields on Egyptian three- and nine-month treasury bills climbed on Sunday and the auction's size was reduced after a new central bank decree limited the amount of funds that banks can channel into money market funds to buy T-bills.
The World Bank has approved a $30 million soft loan aimed at supporting a government initiative to improve access to basic services in impoverished parts of the country.
May 19, 2013
The Dubai Chamber of Commerce and Industry’s ENGAGE Dubai initiative, managed by its Centre for Responsible Business, spearheaded the Give & Gain Day Dubai on May 16.
Barclays announced the appointment of Haidar Hammoud as Head of Wealth and Investment Management for the Emirate of Abu Dhabi.
The Ministry of Finance has concluded a number of meetings with representatives from the UAE’s national banks discussing the preparations for the upcoming meetingin Washington DC set to take place on October 11, 2013.
The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March 2008 - March 2012 and another 20 percent in the year to March 2013.
May 16, 2013
Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.