Economy & Trade

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Abu Dhabi's economy continues to expand in all sectors including tourism, retail and real estate (Image: Gobash)
Today
The UAE's economy is continuing go grow in both the retail and real estate markets, which means there is room for more investment.

May 19, 2014

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.

With regard to imports, China is the top trading partner of Dubai dealing in trade worth Dh130 billion ($35 billion), he added.
00:26 GMT

China has emerged as the second top trading partner of Dubai with its bilateral trade at Dh135 billion ($36.7 billion) in 2013, up 18 per cent over the previous year, according to a report from Dubai Customs.

May 18, 2014

In addition to trade in oil and gas, the Netherlands exports a wide range of products and technology in the agriculture, machinery, chemical and petrochemical sectors in Saudi Arabia
03:55 GMT

Saudi Arabia is considering trade sanctions against the Netherlands because of stickers printed by far-right politician Geert Wilders which display anti-Islam slogans in the colours of the Saudi flag.

May 16, 2014

While overall unemployment experienced a slight increase, the seasonally adjusted unemployment rate decreased slightly to 9.1 percent, down from 9.2 percent in January.
01:07 GMT

Turkey's total employment rate stood at 44.1 percent in the month of February, 63.3 percent among men and 25.4 percent among women.

May 15, 2014

During the event
06:23 GMT

United Development Company (UDC), a leading Qatari shareholding company, announced it is the “Support Sponsor” of the debut Labor Rights Protection Conference, to be held in Doha from June 15 to 17, 2014.

During the event
05:25 GMT

The Statistics & Studies Section, Strategy & Corporate Excellence Department at Dubai Customs welcomed a delegation from the International Monetary Fund (IMF).

The reforms will also end the long-standing requirement that foreign workers obtain their employer’s consent before leaving the country.
00:04 GMT

“The relationship will be redefined as between employee and employer instead of sponsor and sponsored,” the interior ministry said on Facebook

May 14, 2014

The lawmakers will also suggest a number of tax measures to finance the salary increases and will press the Cabinet to cut waste in many departments, most notably in the state-owned Electricité du Liban.
00:20 GMT

Central Bank Governor Riad Salameh has urged MPs to pay the salary increases over five years, expressing fears that a drastic increase would lead to inflation and above all to increased pressure on national finances

May 13, 2014

H.E. Majid Al Shamsi and H.E. Sebastian Perez Ortiz, President of the Council of Granada
10:45 GMT

Dubai Chamber of Commerce and Industry welcomed a delegation of officials and business leaders from the Spanish city of Granada as part of efforts to enhance bilateral relations.

PricewaterhouseCoopers
09:19 GMT
(press release)

According to PwC’s first Middle East hotel forecast, the improving economic and travel backdrop has helped reinvigorate trading in the featured cities of Dubai, Abu Dhabi, Doha, Jeddah, Muscat and Riyadh.

During the event
05:25 GMT

Dubai Customs organized an introductory seminar on the matter in collaboration with the General Secretariat of the Executive Council and the Public Prosecution of Dubai.

The alleged Brotherhood-affiliated companies operate in the fields of media production and contracting, he added.
03:55 GMT

The head of the committee, Ezzat Khamis, said its decision was based on the investigations of security and executive bodies.

"When we discussed with Jordanian authorities how public money should be spent, we proposed more expenditure on health and education, and less on energy subsidies,” Lagarde explained.
01:20 GMT

"When we discussed with Jordanian authorities how public money should be spent, we proposed more expenditure on health and education, and less on energy subsidies,” Lagarde explained.