Economy & Trade

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To finance the 2015 budget, the government will need a total of 8 billion dinars ($4.5 billion) of which 5 billion dinars will come from foreign sources.
October 14, 2014 - 14:46 GMT
His comments underlined the obstacles still faced by many economies in the region three years after the Arab Spring.

May 23, 2013

Jordanin Police keep guard as Syrian refugees look on at the King Abdullah Refugee Camp for Syrian refugees 2 kilometers from the Syrian border  (Photo by Chris Jackson/Getty Images)
11:47 GMT

The World Bank has proposed a $150 million loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing the civil war in Syria, Jordanian and World Bank board sources said on Wednesday.

May 22, 2013

Chevron is the second largest oil company in US
13:23 GMT

Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major.

Street vendor distributing bread in Egypt
13:08 GMT

The auction will be the central bank's second exceptional sale of foreign exchange. In April, it sold $600 million to pay for wheat, meat, cooking oil and other essential imports.

Dubai Gold & Commodities Exchange
09:12 GMT
(press release)

RTS Realtime Systems Group announced plans to open its newest data center in Dubai, the first Middle East site in its global data center network.

The IMF said a drop in oil output and lower crude prices would likely result in smaller fiscal surpluses in 2013.
06:06 GMT

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.

Average Egyptian household spends 40.6 percent of its expenditures on food
05:40 GMT

Poverty and malnutrition increased in Egypt between 2009-2011, with spikes expected as inflation increases

Resolute policy action will be necessary this year
05:00 GMT

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

During the seminar
10:30 GMT

Department of Economic Development hosted a seminar to create awareness among Emiratis working in the public and private sector using the 2013 EFQM Model.

The International Monetary Fund
10:03 GMT

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.

His Excellency Ahmed Butti Ahmed, Director General of Dubai Customs Honoring Mr. Ahmed bin Ali al-Mohannadi Director General of Qatar Customs
06:07 GMT
(press release)

Dubai Customs hosted a gala dinner to honour government entities and sponsors that contributed to the meticulous planning and seamless coordination of the event.

Abu Dhabi Corniche
06:00 GMT

A good part of the funds would be invested towards the development of the emirate’s Western Region.

May 20, 2013

Non-oil GDP rose to an expected 6.7pc in 2012
10:40 GMT

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.

Central Bank of Egypt
10:29 GMT

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.

World Bank end poverty campaign
02:11 GMT

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

Give & Gain Day Dubai
12:55 GMT

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.