Economy & Trade
April 17, 2013
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.
April 14, 2013
Global ratings agency Fitch Ratings called Qatar’s decision to provide Egypt with an additional $3bn in aid “as a positive sign of things to come”.
A delegation from the International Monetary Fund met opposition figures Mohamed El Baradei and Hamdeen Sabbahi, as well as with representatives of the Salafi-oriented Nour Party on saturday, according to state-backed media.
Department of Economic Development in Dubai as part of exploring avenues for closer bilateral ties, especially in investment, tourism and trade.
April 11, 2013
Egypt and Libya finalized a US$2 billion loan agreement Wednesday evening to shore up the Egyptian economy and foreign reserves.
The International Monetary Fund (IMF) executive council has agreed to dispense the second tranche of its loan agreement, worth $385 million.