Economy & Trade

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GCC currencies
May 19, 2013 - 13:41 GMT
Gulf hydrocarbon producers emerged as the 13th most powerful economy in the world in 2011 while strong oil prices allowed them to become the fifth largest exporter with the highest trade surplus.

April 7, 2013

Oman is set to move to a Friday-Saturday weekend
09:44 GMT

Oman is set to move to a Friday-Saturday weekend, reducing the gap for businesses and large parts of the region.

Middle East and North Africa (Mena) region’s resource-poor economies are set for another tough year
07:50 GMT

The Gulf economies are likely to grow on average at 3 per cent this year, which is close to the historical trend, new research suggests.

South Sudan offers foreign investors scores of opportunities in different fields
07:43 GMT

Many investors from the oil and gas-rich Gulf region are showing interest in investing in South Sudan, the “youngest” country in the world, a top executive in a Dubai-based investment bank claims.

DWC Business Center
07:31 GMT
(press release)

Dubai World Central has inaugurated the DWC Business Center, a fully equipped business complex offering a wide range of smart office solutions, including dedicated and shared desk options.

April 4, 2013

Arab countries need to pursue economic reform to strengthen their economies, according to the   head of the World Union of Arab Bankers
09:59 GMT

Arab countries must pursue economic and political reforms and improve their infrastructure in order to strengthen their economies, the head of the World Union of Arab Bankers said Wednesday.

Egypt is expecting to sign an a deal with the IMF within weeks, according to state backed media
09:18 GMT

Egypt’s government expects an agreement on a $4.8 billion loan from the IMF within weeks, as protestors gathered in Cairo to oppose the deal.

April 3, 2013


The IMF could ask for further economic restructuring in Egypt
13:35 GMT

The International Monetary Fund (IMF) will suggest additional economic reforms as part of its conditions for granting Egypt a $4.8 billion loan, an IMF official told Ahram's Arabic news website on Tuesday.

The British defense secretary is in Libya trying to sell arms to the country after its decision to upgrade the military
13:15 GMT

The British Defence Minister arrived in Libya in an effort to boost arms sale to the country, just days after the post-revolution state announced plans to upgrade its military.

Qatar has prepared a world trade agreement ahead of the World Chambers Congress in Doha.
12:55 GMT

Qatar has prepared an extensive world trade agreement draft ahead of the World Chambers Congress in Doha.

Protests are planned against the loan Egypt is seeking from the IMF
10:34 GMT

The Socialist Popular Alliance Party will participate in Wednesday's protests against the loan Egypt is seeking from the International Monetary Fund (IMF).

Plan to boost capital to Arab development bodies is to be implemented
09:37 GMT

A plan to boost the capital of Arab development funds by at least 50 percent is to be implemented over the next five years.

Jordan's decision to reintroduce a supply portfolio in the newly formed government is being criticised by trade bodies.
03:35 GMT

Jordan's decision to reintroduce a supply portfolio in the newly formed government is being criticised by trade bodies.

April 2, 2013

Dubai Chamber of Commerce and Industry
12:57 GMT

Dubai Chamber of Commerce and Industry study calls for exporting Dubai’s expertise in Islamic financial services to the untapped markets outside the GCC including Turkey.

During the Press Conference
11:42 GMT
(press release)

His Excellency Khaled Al Kamda, Director General of the Community Development Authority underlined the key role of the Authority in promoting the welfare of all cross-sections of people.

Thuraya Abbood Al-Adawi, from the Municipal Regulation Division in the Municipal Affairs Governance Sector
11:25 GMT

Department of Municipal Affairs in the Emirate of Abu Dhabi participated in the 2nd international conference for waste management Muscat 2013 held in the Omani capital.