Economy & Trade

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Saudi Arabia, as the world’s largest exporter of oil and the largest economy in the Arab world, has systemic importance to the world economy and the international financial markets.
Late King Abdullah bin Abdulaziz, the sixth king of Saudi Arabia, had a profound impact on the Saudi economy and oil policy.

November 11, 2014

Annual inflation reached its highest rate in nearly four years a year ago, then began falling until the fuel price hikes in July.
21:04 GMT

Egypt's annual urban consumer inflation quickened to 11.8 percent in October from 11.1 percent in September

During the event
05:26 GMT

The Dubai Chamber of Commerce and Industry in association with Afridi & Angell Legal Consultants, organised, “Real Estate Agreements Dos and Donts” workshop at the Chamber premises recently.

November 10, 2014

Penalties varied according to the different infringements, with some included the halt of e-services, fines and limiting the issuance of labor permits.
17:20 GMT

The Ministry of Labor fined more than 74,500 establishments with penalties over SR12.80 million (3.4 million USD) during 2014 so far.

Ahmed bin Lahej and Dubai Customs team receiving the award
10:58 GMT

Dubai Customs has clinched the UAE Ideas 2014 Award for Innovation, a newly-introduced category to the award.

November 9, 2014

The delegation is the largest to visit the country since the 2011 revolution which toppled the regime of then-president Hosni Mubarak.
04:55 GMT

Three-day visit will include 66 large American companies in energy, telecommunications, food, pharmaceuticals, banking, infrastructure and other sectors

November 6, 2014

The reality is that women working from home can be more productive in some tasks such as accounting, scheduling and responding to customers’ inquiries.
04:55 GMT

Most women aged 25 to 44 prefer working from home due to the amount of responsibilities they have with their work and family lives.

November 5, 2014

About 20,000 civil servants in the Gaza Strip went on strike Tuesday to protest the Palestinian unity government's refusal to pay military and security employees of Hamas.
04:55 GMT

All ministries and other institutions run by Hamas in Gaza were shut and gated, except for schools, after the walkout by mostly administrative workers.

Between 2004 and 2013, the volume of trade increased by 21%, edging up from $41m to $165m.
04:55 GMT

The minister pointed out that the targeted trade volume between both countries is over $5bn.

November 4, 2014

UAE firms saw output growth accelerate to an all-time high, with the subindex coming in at 66.1, up from 63.2 in September.
14:05 GMT

“The performance is all the more impressive given the decline in oil prices over the same period, and the continued downturn in emerging markets elsewhere.”

Dubai Customs
09:25 GMT

Dubai Customs has taken part in a regional seminar, titled “Countering Illicit Trade – A Legal Perspective”.

November 3, 2014

HE Salma Ali Saif Bin Hareb, CEO of Economic Zones World hoisting national flag in Jafza
09:45 GMT

Jebel Ali Free Zone hoisted the UAE Flag today (Monday, November 03, 2014) in Jafza to celebrate the accession of Sheikh Khalifa bin Zayed Al Nahyan as President of the UAE.

Sultan bin Sulayem and Ahmed Mahboob receive the French Consul General in Dubai
05:26 GMT

H.E. Ahmed Mahboob, Director of Dubai Customs, received the recently-appointed French Consul General in Dubai H.E. Majdi Abed, at DC main office.

November 2, 2014

Engineer Saed Al Awadi, CEO, Dubai Exports
09:45 GMT

DP World, Noor Bank and Al Nabooda Automobiles will be the official sponsors of the 10th Trade Promotion Organisations (TPO) Network World Conference and Awards held in Dubai 3-5 November.

Mohammed Hilal Al Murooshdi, CEO of the Internal Audit sector in DED
06:45 GMT

The Internal Audit sector in the Department of Economic Development (DED) has issued a Government Employee Handbook on the specific mechanism ways of managing finances within any government institution.

The agreement, signed in 2012, facilitated exporting Turkey’s goods to the Gulf and African nations through Egypt's mainland via Egyptian ports
05:55 GMT

Egypt's decision not to renew the deal, set to expire in April 2015, reflects the deteriorating relations between the two nations.