Economy & Trade
December 19, 2012
Dubai eGovernment honoured the members of the team responsible for the success of its ‘Government Resources Planning systems upgrade to R12’ project.
The Department of Economic Development has announced the launch of the Dubai Competitiveness Office as directed by His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum.
Egypt's request to postpone a long-awaited IMF loan due to recent political unrest could lead to a downgrade in the country's credit rating, credit rating agency Moody's said in a report on Monday.
Tunisia is seeking help from the European Union to lift its ailing economy, which has seen little improvement in the two years since the start of the Arab uprisings.
The Government of Japan and the UN World Food Programme (WFP) have signed a new agreement in Rome that will provide US$7.1 million in emergency food assistance for almost half a million Yemenis.
Consumers in the UAE have the lowest sales and consumption taxes in the world. Perfect news in time for the inevitable pre-festive spending spree.
The fourth meeting of the UAE-Azerbaijan Joint Economic Committee held today in Dubai was inaugurated by HE Sultan Bin Saeed Al Mansoori and HE Shahin Mustafayev.
The United States urged Egypt and International Monetary Fund to reach an agreement on the $4.8 billion loan that was postponed on 11 December "as quickly as possible."
December 18, 2012
In a statement to the Tadawul, Saudi Arabian Mining Company (Maaden) announced the signing of a revolving Murabaha finance facility with a tenor of five year.
The deficit value of the Palestinian Current Account amounted to $2,192.6 million (21.5% of the GDP in current prices), compared with a deficit in year 2010 which amounted to $690.9 million.
The European Investment Bank has agreed to fund development in Morocco, in a deal worth almost $600 million.
The GCC’s leading commercial equipment provider has implemented a host of SAP business software solutions, as it seeks to streamline operational processes, boost transparency and gain competitive advantage.
Investments in the UAE’s industries for the first half of this year reached Dhs. 124 billion, Abdullah Sultan Al Fan, assistant undersecretary for Industrial Affairs at the Ministry of Economy, told Gulf News.
RAK FTZ recently organised a special event to commemorate the second anniversary of the establishment of the office of General Directorate of Residency and Foreigner Affairs within the free zone.
The Egyptian stock market closed in the red on Monday, despite analysts' predictions that it was likely to gain throughout this week, with the generally trouble-free referendum vote expected to boost market confidence.