Economy & Trade

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Implementation of the government’s development plan has been picking up, and momentum is expected to improve further in 2015 and 2016.
December 19, 2014 - 00:38 GMT
The consumer has been and remains a key driver of growth in Kuwait, even as growth in the sector has moderated somewhat.

October 7, 2014

Yousuf Ozair receiving the EU delegation
12:20 GMT

Experts from the European Commission hailed Dubai Customs exerted efforts in the field of intellectual property rights protection, as well as the department’s progressive development of systems and programs geared toward combating the smuggling and trafficking of counterfeit products.

The IMF has warned that Yemen's fiscal deficit would reach 9 percent of gross domestic product in 2014 and foreign reserves would decline to well below three months of imports in the absence of economic reforms.
04:55 GMT

Lagarde, in the IMF's first direct, public comment on the latest Yemeni policy changes, said they did not endanger the loan programme.

October 6, 2014

More than buying gold jewellery as a fashion statement, with delicate designs, currently sellers have also noticed an increased sale in simple, but heavy jewellery.
14:34 GMT

Apart from it being the festive season, the increased sales of gold in Dubai can be owed to the low prices currently.

Head of Commodity Strategy at Saxo Bank Ole Sloth Hansen
08:00 GMT
(press release)

Commodity markets remain on the defensive with rising supply in many key commodities continuing to apply near-term downside pressure to prices.

October 1, 2014

During the event
08:59 GMT

Jebel Ali Free Zone whose non-oil trade with Germany totaled more than US$ 1.9 billion last year, evoked renewed interest among businesses in Germany seeking to leverage Dubai’s global connectivity and trade hub status to boost their exports and product offering.

Sultan bin Sulayem, Ahmed Mahboob, Abdullah Al Khaja and Faisal Lutfi, with the Director of Italian Customs
06:58 GMT

Dubai Customs and the Italian Customs Agency have explored salient joint venture opportunities and sharing customs expertise for handling Expo shipments and the facilities to be put in place for exhibitors in Expo Milan 2015 and Expo Dubai 2020.

September 30, 2014

The project, which involves the extension of a 11-km road with five lanes on both sides, is expected to be completed by 2017,
05:55 GMT

The project will also include pedestrian crossing, bridge and separate lanes for motorbikes and pedestrians in addition to a tunnel, it added.

September 28, 2014

Younis Othman, IT Director at Dubai Customs
06:07 GMT

Dubai Customs is fully geared up for GITEX 2014, and ready with a package of high-tech services to showcase at the exhibition that will take place at the Dubai World Trade Center from October 12th to 16th.

September 25, 2014

The Central Bureau of Statistics predicts only 2% growth in 2014, compared with 3.2% in 2013, based on preliminary figures for January-August 2014.
20:49 GMT

The effect of Operation Protective Edge on tourism is also being felt,

The announcement came after Madbouly’s visit  to the United States this week to meet with World Bank officials, a Tuesday statement from the ministry said.
05:55 GMT

Madbouly stated that Egypt will obtain a concessional loan with the value of $500m for the social housing programme, over several years, with around $100-120m annual instalments.

September 23, 2014

Younis Mohammed Othman, Director of Information Technology Department at Dubai Customs
05:26 GMT

Dubai Customs continues developing its smart services to ensure smooth and fast completion of customs transactions.

September 22, 2014

Cancellation of the tournament will have an impact on the country's economy, particularly the construction sector,
18:45 GMT

The 2022 World Cup will not be held in Qatar because of the scorching temperatures in the Middle East country, Fifa executive committee member Theo Zwanziger said on Monday.

During the event
06:07 GMT

Dubai Customs and the General Directorate of Residency and Foreigners Affairs, Dubai (GDRFA) celebrated on Sunday evening, 21st September, 2014, a joint mass wedding for 83 employees from both departments.

September 21, 2014

Mr. Essa Al Zaabi, Senior Vice-President, Institutional Support Sector, Dubai Chamber
09:04 GMT

The Dubai Chamber of Commerce and Industry will train Chinese graduates over the next seven months.

Ahmed Mahboob Musabih receiving Giovanni Favilli
08:25 GMT

Ahmed Mahboob Musabih, Director of Dubai Customs, held a meeting in his office with Consul General of Italy Giovanni Favilli. They discussed ways to boost Dubai-Italy trade and economic ties further.