Economy & Trade

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The issue of Saudi's SMEs has been debated over the last few years (File/AFP)
April 17, 2014 - 17:39 GMT
Small and medium enterprises (SMEs) are set to contribute 37 percent to Saudi Arabia's GDP but should the Kingdom look elsewhere for investment?

February 25, 2014

Bilateral trade between Iran and China amounted to $36 billion in 2012.
15:00 GMT

Establishing an industrial park in Iran and creating a joint shipping line are also part of the roadmap, ISNA quoted Behrouz Alishiri as saying.

Moroccan trade has been traditional dominated with countries in Europe, despite the economic crisis that has continued to unfold over the last six years
09:59 GMT

Morocco is diversifying its export market in a bid to develop trade with Gulf Arab countries and also reduce its reliance on Europe.

February 24, 2014

The UAE currently enjoys good relationships with both the Philippines and Malaysia
10:40 GMT

An economic and commercial delegation headed by Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, is set to visit the Philippines and Malaysia from Monday (February 25) to Friday (February 28) seeking to explore strategies for enhancing bilateral trade and investment relations.

Overall outlook on sales was positive with 97 per cent of the businesses expecting either an increase or no change in their sales volume in Q1 2014.
03:55 GMT

In Q1 2014, around 62 per cent of Dubai businesses also expected to see stronger net profits based on increasing demand and improved margins.

The report indicated that Germany is in second place on the list, with 36 firms, while Iran was third, with 21 companies.
03:55 GMT

Entrepreneurs from Syria established more businesses in Turkey than any other country in the first month of the year.

February 23, 2014

Mohammed Bin Rashid Al Maktoum Business Award
10:28 GMT

The Dubai Chamber of Commerce and Industry-organised Mohammed Bin Rashid Al Maktoum Business Award expands its scope to embrace Gulf Cooperation Council (GCC) businesses.

During an IPR awareness workshop by Dubai Customs
06:55 GMT

Dubai Customs has enhanced its Intellectual Property Rights awareness programs through a new series of awareness workshops to be held in 2014.

During the three-day visit to India, the MOIC and EDB coordinated business delegation participated in the Bahrain-India business seminar in New Delhi and a business seminar hosted by the CII in Mumbai.
03:55 GMT

The agreements reflect the broad range of relations between the two countries across a number of sectors, from chemicals to financial services and from ICT to health care.

Chinese Commerce Minister Gao Hucheng, heading a delegation of more than 20 top Chinese officials and economic managers, is currently in Tehran.
23:32 GMT

The conference will also discuss opportunities for the two countries to launch joint investments in other countries.

February 19, 2014

"This is an equitable outcome for all parties," said BAE Systems chief executive Ian King.
17:00 GMT

Britain has reached an agreement over the rising cost of providing Saudi Arabia with Typhoon Eurofighter jets, British defence company BAE Systems said on Wednesday.

Khalifa Port
10:41 GMT

Abu Dhabi Ports Company’s (ADPC) Khalifa Port and Zayed Port saw increased volumes last year with container traffic and RORO (roll on, roll off vehicles) seeing significant growth over the last 12 months.

Dubai Customs
10:16 GMT

Dubai’s foreign trade in foodstuffs recorded a significant increase in 2013, as a result of the emirate’s escalating demographic and economic growth and mounting recovery across most sectors.

JAFZA car free day
09:55 GMT

Jafza, the flagship operation of Economic Zones World (EZW), in support of Dubai Municipality’s Initiative of “Car Free Day”, has observed February 19 as Metro Day for Jafza Employees.

The ministry documented over 8,600 different violations in all companies visited by its inspectors
08:36 GMT

The Saudi Ministry of Labor recently tackled 2,034 cases of expatriates not working for their sponsors, according to a deputy labor minister.

February 18, 2014

Ali Al Mugahwi, Director of Airport Operations Department at Dubai Customs
05:45 GMT

Dubai Customs inspectors has thwarted an attempt to smuggle 1.28kg of cocaine stuffed in 60 capsules and concealed in an African passenger’s tummy.