Economy & Trade
April 18, 2013
Turkey will transfer the remaining US$1 billion of a $2 billion budget support package agreed for Egypt last year within the next two months, Turkish economy officials and banking sources said on Wednesday.
Egypt's debt-servicing bill is set to jump by almost a third in the next fiscal year, hampering the government's ability to boost economic growth from the slowest pace in two decades.
The Dubai Gold and Commodities Exchange achieved total volumes of over 100,000 contracts in a single day for the first time this week.
Egypt’s poor need to be compensated in cash transfers for the removal of subsidies, said an official from the International Monetary Fund (IMF) at a press conference in Washington on Tuesday.
April 17, 2013
A high-level delegation of Egyptian officials left Cairo on Wednesday, bound for Washington DC to take part in the semi-annual meetings of the International Monetary Fund (IMF) and World Bank later this week.
Inflation in Saudi Arabia rose by 3.9 per cent in March compared to the same month the previous year
As protests increase in the run up to the Bahrain Gran Prix, new figures show that the race has generated $1.3 billion for the small island nation in the nine years since it first hosted the race.
Ministry of Finance received a delegation from the Ajman Department of Finance.
The International Monetary Fund cut its 2013 growth forecast for the Egyptian economy to 2 percent in its April 2013 World Economic Outlook report, down from the 3 percent initially predicted last October.
April 16, 2013
The Gulf Cooperation Council (GCC) member states need to involve their private sectors in the activation of the customs union, said a GCC report issued on Monday.
Dubai Chamber of Commerce and Industry will be actively participating in the International Chambers of Commerce’s World Chambers Federation 8th World Chambers Congress in Doha.
A team from the International Monetary Fund concluded a two week visit to Egypt on Monday without signing a deal on a much-anticipated $4.8 billion loan, but the international lender said progress with Egypt was achieved.
Tunisia and the International Monetary Fund have reached an agreement on a $1.78 billion loan to the north African country, due to be announced on Tuesday.
April 15, 2013
Dubai’s efforts to bring businesses on a service excellence platform has seen a big leap in customer service standards in the emirate’s retail sector, according to a study conducted by (DED) in Dubai.
Meetings between the International Monetary Fund delegation and Egyptian opposition leaders and civil society organizations have caused confusion and tension within the government, according to parliamentary and government sources.