Economy & Trade

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The King described the future vision entailed in the 10-year economic plan as “the most important strategic initiative for the future of Jordan and Jordanians
Today
His Majesty King Abdullah on Tuesday stressed his full support to all the committees entrusted with preparing a future vision of the national economy, coupled with an executive plan, urging them to place the interests of Jordanians at the core of their work.

May 28, 2014

Output from the hydrocarbon sector was a key driver of growth from 2011 onwards when benchmark oil prices were $100 per barrel or above. This is in contrast to world GDP growth, which is recovering at quite a slow pace — below three per cent for the third year in a row — and downside risks fail to subside.
06:47 GMT

The report suggests that the Middle East is expected to post a GDP growth of 3.6 per cent in 2014 and 4.2 per cent in 2015 against 2.6 per cent in 2013.

The move comes in line with the UAE vision that calls for effective and advanced settlement system of disputes so as to make the country a first destination to attract businesspersons and capitals.
06:40 GMT

The authority enjoys autonomous legal status, and exercises its functions and powers without any interference from other bodies of DIFC.

May 27, 2014

Dubai Chamber green building
12:37 GMT

the Dubai Chamber of Commerce and Industry has reinforced its position as a leader in green building by receiving LEED Platinum – the highest possible rating and another 1st in the Arab world.

May 26, 2014

The bank should leave the currency floating and expose it to the market’s supply and demand, Younes said.
11:26 GMT

The Egyptian pound unexpectedly fell to record EGP 7.14 against the dollar after the Central Bank of Egypt (CBE) held an “exceptional foreign exchange auction” on 14 May

May 25, 2014

His Excellency Sami Al Qamzi, Director General of DED
10:48 GMT

Department of Economic Development will announce the winners of the Dubai Quality Award, Dubai Human Development Award and the Dubai Service Excellence Scheme at the 20th Anniversary of Business Excellence Awards.

During the meeting
10:37 GMT

H.E. Hamad Buamim, President and CEO, Dubai Chamber of Commerce and Industry, received H.E. Ahmed Mahboob Musabih, Director General, Dubai Customs, at the Chamber head office recently.

During the event
05:25 GMT

Dubai Customs announced the adoption of a security programs policy for training Customs inspectors, aiming at enhancing their security sense and self-defense and leadership skills to be able to protect UAE borders.

May 24, 2014

During the meeting Kuwaiti Minister of Planning and Development Affairs, Hind Alsubaih, proposed the establishment of a pan Gulf research centre for planning and development
01:05 GMT

The UAE has called for increased coordination between GCC member countries to achieve economic integration in the region.

May 22, 2014

Dubai Chamber Sustainability Network
10:39 GMT

Members of Dubai Chamber of Commerce and Industry’s Centre managed Sustainability Network Task Group in partnership with RTA and RoadSafetyUAE.com launched a Road Safety Campaign “Be Responsible- Drive Safe”.

May 20, 2014

DP World Chairman, His Excellency Sultan Ahmed Bin Sulayem , Assistant Minister for Infrastructure and Regional Development, the Hon Jamie Briggs MP, DP World Australia Managing Director and CEO, Paul Scurrah and DP World Australia Chairman, Holly Koeppel, at the official opening of Brisbane terminal
10:43 GMT

DP World celebrated the launch of the most advanced semi-automated terminal in Australia with the grand opening of its facility at the Port of Brisbane today.

During the event
05:25 GMT

Dubai Customs has recently celebrated World Ideas Week from 12 to 15 May for the fourth consecutive year.

May 19, 2014

Adil Al Zarooni, Senior Vice President-Sales, Jafza addressing one of the business seminars in Buenos Aires
08:59 GMT

Jebel Ali Free Zone (Jafza), the flagship Free Zone operation of Economic Zones World, has held an extensive roadshow in Buenos Aires to attract new Argentinian companies to the Free Zone.

Jumeirah
05:25 GMT

Dubai Customs has completed the fishermen harbours development project in Jumeirah and Umm Suqeim.

Egypt consumes 15m tons of wheat per year, according to official figures from the supply ministry.
03:55 GMT

The minister noted that government’s new smartcard bread subsidy system, which offers a maximum of 150 loaves for each citizen per month, is set to be implemented in Cairo “within several days”.

Mohammed Al-Amri, who served as undersecretary of the Ministry of Transport and Communication, was jailed for three years, fined 1.2 million rials and barred from public office for 30 years.
03:55 GMT

A former Omani commerce minister was jailed for three years for corruption on Sunday, the most senior government figure to be convicted in a campaign against graft in the sultanate.