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 18, 2013

Turkey will transfer the remaining US$1 billion of a $2 billion loan to Egypt in two months, according to sources
12:31 GMT

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.

Paying back debts is hurting Egypt's' debt
11:11 GMT

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.

Dubai Gold & Commodities Exchange
05:50 GMT
(press release)

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, the IMF has said
03:47 GMT

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 delegation from Egypt is heading to Cairo for the semi-annual meetings with the IMF and World Bank
12:34 GMT

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 on the rise in Saudi Arabia
09:23 GMT

Inflation in Saudi Arabia rose by 3.9 per cent in March compared to the same month the previous year

As protests continue in the run up to the Formula One, new figures show that the event has generated $1.3 billion for Bahrain (MOHAMMED AL-SHAIKH / AFP)
09:01 GMT

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.

During the visit
05:55 GMT
(press release)

Ministry of Finance received a delegation from the Ajman Department of Finance.

The IMF has slashed its growth forecast for Egypt
03:47 GMT

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

A new report has urged for a quicker implementation of the GCC customs union
13:58 GMT

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.

HE Hamad Buamim
11:43 GMT

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.

Egypt's IMF deal remains on hold
10:43 GMT

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 IMF are due to finalize a $1.78 billion precautionary loan
08:20 GMT

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

Mohammad Bushanain, Executive Director, Corporate Quality & Management Excellence at DED
09:28 GMT

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.

The IMF meeting Egypt's opposition figures is straining relations between parliament and the Shura council
03:59 GMT

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.