Economy & Trade

Featured Story:

The issue of Saudi's SMEs has been debated over the last few years (File/AFP)
April 17, 2014 - 17:39 GMT
Small and medium enterprises (SMEs) are set to contribute 37 percent to Saudi Arabia's GDP but should the Kingdom look elsewhere for investment?

February 9, 2014

Saudi Arabia has invested more than $8 billion in Turkey's economy (File Archive)
10:22 GMT

Despite Turkey's recent and growing economic woes, Saudi Arabia is still investing up to $8 billion in Ankara's businesses, according to recent data.

Dubai Customs’ delegation headed by Ahmed Butti meets Inspector General of Omani Police and Customs, Lt General Hassan bin Mohsen Al Shraiqi
07:26 GMT

A Dubai Customs delegation has paid a visit to the Sultanate of Oman, where they were received by the Inspector General of Police and Customs, H.E. Lieutenant General Hassan bin Mohsen Al Shraiqi.

It said that last year, GDP in Palestine grew by 1.5 percent.
03:55 GMT

The International Monetary Fund said Thursday that success in Middle East peace talks could boost Palestinian economic growth while failure could cause increased debt.

February 6, 2014

Tourism, one of Lebanon's biggest industries, has plummeted over the past three years (File Archive)
08:36 GMT

Lebanon's economy is continuing to plummet, particularly in the construction, retail and services sectors according to data from January this year.

February 5, 2014

The businessmen claimed that thousands of small and medium-sized enterprises (SMEs) have still not recovered from the financial downturn caused by the unrest in 2011,
18:41 GMT

A group of angry businessmen in Bahrain calling for an end to a mandatory tax on foreign workers has taken their demands to parliament.

The firm said its “business would run as usual” and directors “do not expect any financial implications on the company due to this development”.
18:08 GMT

Oman’s National Gas Co SAOG confirmed on Wednesday that its chief executive had been detained by the public prosecutor over suspected bribery.

Iran and France have the potential to notably increase their bilateral annual trade to $5 billion and more
17:50 GMT

A delegation of more than 100 French companies arrived in Tehran on Monday in the biggest demonstration of western business interest in Iran for more than a decade

Saeed Matar Al Marri, Deputy CEO of Business Registration & Licensing (BRL) sector in DED
11:20 GMT
(press release)

Business licenses issued by the Department of Economic Development (DED) in Dubai over the final three months of 2013 was 12 per cent higher than those issued during the same period of 2012.

Taxes on cigarettes represent around 75 per cent of the value of the product
09:09 GMT

Cigarette prices went up by 100 fils per pack as of Tuesday under a government decision to raise taxes on tobacco and alcohol.

DP World
05:50 GMT

DP World Limited handled 55 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2013, with gross container volumes growing by 0.7% on a like-for-like basis.

February 4, 2014

“So if we’re going to stop that nuclear programme and that quest for nuclear weapons, we have to either do it diplomatically or do it militarily,” he said.
21:44 GMT

US officials declared on Tuesday that Iran is “not open for business” and vowed to scrutinise companies heading to the Islamic republic since it entered a temporary nuclear agreement.

DP World
06:44 GMT

DP World welcomed the container vessel CMA CGM Kailas on its first call at Jebel Ali Port, marking a new service between the UAE and Somalia, supporting trade links and the growth of the Somali economy.

Economy Minister and Jewish Home leader Naftali Bennett said Israel would not "give its country up over economic threats".
01:28 GMT

US Secretary of State John Kerry came under further attack Monday by Israeli hawks who accuse him of manipulating the threat of an economic boycott to pressure Israel into peace concessions.

February 3, 2014

Annual trade between Iran and China may reach $38 billion by the end of the current Iranian calendar year
18:34 GMT

Iran and China will soon sign a agreement setting a “roadmap” to boost cooperation in a wide range of economic sectors

Following November's nuclear deal, the EU Council suspended part of its sanctions against Iran (File Archive/AFP)
11:00 GMT

EU nations are preparing (and competing!) for Tehran investments following the easing of sanctions against the country.