Economy & Trade

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The downturn was mainly due to a 1.8 per cent drop in oil-related GDP as growth in the non-hydrocarbon sector accelerated to 2.8 per cent, the report showed.
Today
Plans for subsidy cuts have received little publicity in the Kuwaiti media, perhaps because of their political sensitivity.

June 10, 2014

Salma Hareb, CEO of Economic Zones World and Jafza
10:32 GMT

The UK based Financial Times’ FDi Magazine has awarded Jafza “Free Zone of the Year 2014, Large Tenants, Middle East and North Africa” as well as “The Free Zone of the Year 2014, Large Tenants, United Arab Emirates.”

Ahmed Mahboob & Saed Al Awadi during the meeting
06:04 GMT

Ahmed Mahboob Musabih, Director of Dubai Customs, received Saed Al Awadi, CEO of Dubai Export Development Corporation (DEDC).

June 9, 2014

During the event
13:01 GMT

National Bonds Corporation (NBC) announced that DP World has signed up for its Employee Savings Program (ESP) with the aim of instilling a sustained culture of savings its employees in the UAE.

Experts have long argued that a skilled Syrian workforce should be turned into an advantage for both sides, with the work permit issue remaining the major obstacle before this.
09:35 GMT

Thousands of Syrian refugees who are currently being employed in different sectors across Turkey may finally receive their work permits from the government.

CEO Economic Zones World Salma Hareb, and His Excellency Daisuke Matsunaga, the Consul -General of Japan in Dubai along with participants of the meeting in Jebel Ali
07:09 GMT

Japanese companies continue to see Jafza as a prime venue for base of operations in Mena region, was the consensus expressed at a business community meeting in the Jebel Ali Free Zone recently.

During the event
07:00 GMT

Dubai Customs organized yesterday its annual Fakhr Al Furdah ceremony to commemorate its outstanding employees during the year 2013.

June 8, 2014

Hamas demanded Thursday that the Palestinian Authority take employees of the disbanded Gaza government onto its payroll, after scuffles broke out at banks in the Palestinian territory.
16:33 GMT

But Hamas has been unable to pay most of its workers for several months, after severe pressure from neighbouring Egypt strangled its cash flow.

Soccer's governing body FIFA is conducting an internal investigation into the decisions to hold the 2018 World Cup in Russia and the 2022 Cup in Qatar.
13:19 GMT

Sony has become the first World Cup sponsor to call for a probe into accusations that bribes were paid to secure the 2022 tournament for Qatar.

“This is the Kingdom’s duty based on our religion, ethics and the joint destiny of the two countries,” said the king, who is vacationing in the Moroccan city of Casablanca.
08:43 GMT

On Tuesday, King Abdullah called for a “Friends of Egypt” conference, which would raise funds for the country to weather its current economic crisis.

June 5, 2014

Mr. Atiq Juma Nasib, Senior Director, Commercial Services Sector, Dubai Chamber
12:34 GMT

The Dubai Chamber Sustainability Network, in association with Dubai Municipality, launched its 2nd Waste Management Campaign, entitled “ACT to Sustain - Be Responsible”.

 Ibrahim Saif said that Kim’s visit “sheds light on the repercussions of the refugee crisis on the Jordanian economy”.
11:59 GMT

Harper described Jordan’s response to the refugee challenges as a “model” for the entire world.

The ministry has warned that violators of the ban will be fined Dhs15,000 if they are found forcing labourers to work under direct sunlight.
03:55 GMT

Workers will be restricted from carrying out any work under direct sunlight from 12.30 pm to 3pm during this period

June 4, 2014

DP World
06:16 GMT

TURN8, the seed accelerator for innovative entrepreneurs initiated by DP World, has announced its second Investor Demo Day to be held 21 June, 2014 in Dubai.

June 3, 2014

Lebanon’s gross domestic product dropped 2.9 percent annually between 2012 and 2014
11:07 GMT

The conflict in Syria has cost Lebanon $7.5 billion as it struggles to cope with hosting more than a million refugees from the neighboring country

Ahmed Mahboob welcomes Jamal Bin Huwaireb
08:50 GMT

Dubai Customs has joined the “My Family Reads” initiative, which was recently launched.