Tag archive for ‘Economic’
By Staff writer On Monday, December 14th, 2015
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Experts to discuss ‘The 2016 Economic Outlook’ in Dubai

Dr. Tommy Weir, Advisor and Author The 2016 Economic Outlook discussion, which is scheduled for Monday, 14 December, will comprise a group of experts in their respective fields sharing perspectives on the UAE and More...

By Staff writer On Friday, November 27th, 2015
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Qatar Participates in 31st Session of COMCEC

The State of Qatar took part in the 31st session of the Standing Committee of the Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC), currently being held in Istanbul under the More...

By Staff writer On Monday, November 23rd, 2015
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GOIC Organises Workshop on Relationship Between Economic Indicators & Industrial Sectors

As part of GOIC’s efforts to train and develop industrial staff to boost the competitiveness of this vital sector, the Gulf Organization for Industrial Consulting held a training workshop entitled “The Relationship More...

By Staff writer On Wednesday, November 18th, 2015
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SBWC concludes participation in Women in Leadership Economic Forum

The Sharjah Business Women Council (SBWC), has recently participated in the 17th edition of the Women in Leadership (WIL) Economic Forum held in Abu Dhabi on November 2 -3 to discuss major challenges facing women More...

By Staff writer On Thursday, November 12th, 2015
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Dubai SME set to announce 2015 list of top-performing SMEs

Abdul Baset Al Janahi, Chief Executive Officer of Dubai SME Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, will announce More...

By Staff writer On Monday, November 9th, 2015
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IMF warns of 12.7% GDP deficits during Doha conference

Christine Lagarde, IMF, Managing Director GCC fiscal balances will post a deficit of up to 12.7% of GDP in 2015, with export revenues expected to be nearly $275 billion lower this year, compared to 2014. The warning More...

By Staff writer On Thursday, November 5th, 2015
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Qatar Chamber Hosts Foreign Investment Roundtable

Dr. Ali Hamid Al Mulla , the Assistant Secretary-General of (GOIC) A foreign investment roundtable held here Wednesday at Qatar Chamber as part of a joint program development between the Gulf and European sides More...

By Staff writer On Friday, October 30th, 2015
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7th Arab International Forum Discusses Women’s Economic Empowerment Chances

The seventh session of the Arab International Women’s Forum (AIWF) discussed opportunities of women’s economic empowerment and mechanisms of cooperation between Qatar and international business community More...

By Staff writer On Wednesday, October 28th, 2015
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Euromoney Conference in Qatar

Qatar’s prospects for delivering growth during a period of international economic turbulence will be under review in a special session at The Euromoney Qatar Conference 2015, set to run from 9-10 December 2015 More...

By Staff writer On Sunday, February 15th, 2015
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HE Prime Minister, Minister of Economy Review 2014 Economic Successes

HE Prime Minister, Minister of Economy Review 2014 Economic Successes With HE Prime Minister and Minister of Interior Sheikh Abdullah Nasser bin Khalifa Al-Thani and HE Minister of Economy and Commerce Sheikh Ahmed More...

By Staff writer On Sunday, February 15th, 2015
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Economy Minister receives US Ambassador

Sultan bin Saeed Al Mansouri, Minister of Economy Sultan bin Saeed Al Mansouri, Minister of Economy, has discussed with the U.S. Ambassador to the UAE, Barbara A. Leaf, ways to enhance joint cooperation and develop More...

By Staff writer On Sunday, February 15th, 2015
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DED issues over 59,000 commercial permits in 2014

Department of Economic Development (DED) The Department of Economic Development (DED) in Dubai issued 59,130 commercial permits during the year 2014, 13% higher than the licences issued in 2013, according to the More...

By Staff writer On Tuesday, February 10th, 2015
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Arab Fund lends Jordan USD 100 mln

Arab Fund lends Jordan USD 100 mln Kuwait-based Arab Fund for Social and Economic Development (AFSED) and Jordan have initialled an agreement of USD 100 million easy loan to the Hashemite Kingdom. The loan will More...

By Staff writer On Tuesday, February 10th, 2015
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Kuwait, Ukraine mull closer economic ties

Kuwait Chamber of Commerce and Industry (KCCI) The Kuwait Chamber of Commerce and Industry (KCCI) has affirmed its keenness on achieving closer relations with Ukraine, especially the economic ties between the two More...

By Staff writer On Sunday, February 1st, 2015
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Qatari Delegation Continues US Visit

Qatari Delegation Continues US Visit The Qatari delegation led by HE Sheikh Mohamed bin Hamad bin Khalifa Al-Thani continued activities of its current visit to the United States. The delegation held a meeting in More...

By Staff writer On Sunday, February 1st, 2015
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Egypt prepares for successful economic conf.

Ibrahim Mahlab, Egyptian Prime Minister Egyptian Prime Minister Ibrahim Mahlab said Saturday his government is providing all the requirements of success for the economic development conference “Egypt – More...

By Staff writer On Friday, January 30th, 2015
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Kuwaiti-S. Korean’s eco. ties “excellent” – Sheikh Dr. Mohammad Al-Sabah

Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah, Minister of Foreign Affair The economic relation between South Korea and Kuwait is excellent and continuously progressing, Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah More...

By Staff writer On Friday, January 30th, 2015
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Economy Minister Aspires to Further Cooperation with Germany

Sheikh Ahmed bin Jassim bin Mohamed Al-Thani, Minister of Economy and Commerce Qatar aspires to achieve further economic cooperation with Germany, HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin More...

By Staff writer On Thursday, January 29th, 2015
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Minister of Economy Meets Italian Minister of Economic Development

Minister of Economy Meets Italian Minister of Economic Development HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani met Wednesday with Italy’s Minister of Economic Development More...

By Staff writer On Sunday, January 25th, 2015
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Qatar Delegation to Davos Forum Reviews Qatar’s Efforts to Improve Competitiveness and Entrepreneurship

World Economic Forum Qatar’s high-level delegation participating in the World Economic Forum has reviewed the great positive steps taken by the State of Qatar in the areas of entrepreneurship establishment More...

By Staff writer On Sunday, January 25th, 2015
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NBS, ESCWA discuss UAE ICP for PPPs

UAE Dirham The UAE National Bureau of Statistics (NBS) and a technical team from the Economic and Social Commission for Western Asia (ESCWA), headed by Majid Skinny, Regional Coordinator for the International Comparison More...

By Staff writer On Friday, January 23rd, 2015
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conomy and Commerce Minister Highlights Qatar Experience in Supporting Private Sector

Economy and Commerce Minister Highlights Qatar Experience in Supporting Private Sector HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim Al -Thani has underlined Qatar’s successful experience More...

By Staff writer On Thursday, January 22nd, 2015
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Business leaders urge structural reforms to spur global growth

World Economic Forum (WEFE) World business leaders gathering in Davos on Wednesday for the 45th World Economic Forum (WEFE) have called for structural reforms to the global economy to encourage growth. More than More...

By Staff writer On Thursday, January 22nd, 2015
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Global growth to decrease despite drop in oil prices

oil Although global growth does receive a boost from lower oil prices, it is more than offset by negative factors in many advanced and emerging market economies, the International Monetary Fund (IMF) indicated in More...

By Staff writer On Thursday, January 22nd, 2015
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Lubna Al Qasimi hails leadership on UAE’s lead in global Indicators of Government and Economic Confidence

Sheikha Lubna bint Khalid Al Qasimi, Minister of Development and International Cooperation Sheikha Lubna bint Khalid Al Qasimi, Minister of Development and International Cooperation, Head of UAE Committee for the More...

By Staff writer On Wednesday, January 21st, 2015
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45th World Economic Forum Kicks off Tomorrow in Davos

45th World Economic Forum Kicks off Tomorrow in Davos The World Economic Forum’s (WEF) five day annual meeting of the global political and economic elite will begin tomorrow in the Swiss city of Davos and More...

By Staff writer On Monday, January 19th, 2015
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Advisory Council’s Financial and Economic Affairs Committee Meets

Advisory Council’s Financial and Economic Affairs Committee The Advisory Council’s Financial and Economic Affairs Committee met here today under its Rapporteur Mohamed Ajaj Al-Kubaisi. The Committee More...

By Staff writer On Sunday, January 18th, 2015
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KFAED opens emergency center in Beirut

Kuwait Fund for Arab Economic Development (KFAED) inagurates emergency center in the Southern Suburb of Beirut The Kuwait Fund for Arab Economic Development (KFAED) has launched a USD-4.5-million emergency center More...

By Staff writer On Sunday, January 18th, 2015
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Ajman to host ”Economic Identity of Businesswomen in the Arab World Convention”

Ajman to host ”Economic Identity of Businesswomen in the Arab World Convention” Ajman will host the ”Economic Identity of Businesswomen in the Arab World Convention” on 19-20 January, 2015 More...

By Staff writer On Saturday, January 17th, 2015
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Kuwaiti delegation visits KFAED-funded Safi Port in Morocco

Kuwaiti delegation visits KFAED-funded Safi Port in Morocco A delegation of outstanding Kuwaiti female students paid a visit to the project of Port of Safi funded by the Kuwait Fund for Arab Economic Development More...

By Staff writer On Friday, January 16th, 2015
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Lebanese PM meets KFAED delegation

Tammam Salam, Lebanese Prime Minister meets KFAED delegation Lebanese Prime Minister Tammam Salam received here on Thursday a delegation from Kuwait Fund for Arab Economic Development (KFAED), led by the Fund’s More...

By Staff writer On Tuesday, January 13th, 2015
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Advisory Council’s Financial and Economic Affairs Committee Meets

Advisory Council’s Financial and Economic Affairs Committee The Advisory Council’s Financial and Economic Affairs Committee met here today at its White Palace Headquarter under its Rapporteur Mohamed More...

By Staff writer On Sunday, January 11th, 2015
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Why Is World Trade in the Doldrums – QNB Report

World Trade Over the last three years, world trade growth has been significantly lower than prior to the global financial crisis. This raises questions about why world trade is in the doldrums and whether it is More...

By Staff writer On Friday, January 9th, 2015
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Role of private sector crucial in Kuwaiti-Iranian economic ties

Role of private sector crucial in Kuwaiti-Iranian economic ties Emphasis on the role of the private sector in pushing along bilateral economic relations between Iran and Kuwait cannot be overstated, said Iranian More...

By Staff writer On Thursday, January 8th, 2015
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Oman-Iran economic committee convenes in Muscat

Ali Al-Sunaidy, Oman Minister of Commerce and Industry The 15th session of the Omani-Iranian joint economic committee met here on Wednesday under co-chairmanship of Omani Minister of Commerce and Industry Ali Al-Sunaidy More...

By Staff writer On Wednesday, January 7th, 2015
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Iranian economic delegation begins visit to Kuwait

Iranian economic delegation begins visit to Kuwait An Iranian delegation headed by Economic Affairs and Finance Minister Ali Tayebnia began Tuesday a visit to Kuwait where they are expected to meet with local officials More...

By Staff writer On Tuesday, January 6th, 2015
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Kuwait, Iran ready for stronger economic, trade ties

Kuwait, Iran ready for stronger economic, trade ties Kuwait and Iran are eager to enhance their bilateral economic and trade ties that have already been steadily progressing. Exchange of officials’ visits More...

By Staff writer On Sunday, January 4th, 2015
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Kuwaiti-Egyptian economic ties poise for new stage of growth

Kuwaiti-Egyptian economic ties poise for new stage of growth A visit by Egypt’s President Abdelfatah Al-Sisi to Kuwait on Monday is expected to give an impetus to bilateral ties, economic, trade and investment More...

By Staff writer On Friday, January 2nd, 2015
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KSE ends difficult “2014”, eyes robust “2015”

kuwait stock exchange The Kuwait Stock Exchange (KSE) has ended a difficult year of severe fluctuations and hard times, hoping that the new year will bring new opportunities to reach stability and offset its losses, More...

By Staff writer On Wednesday, December 24th, 2014
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Kuwait lends Mali to renovate airport

Bamako-Senou Airport Kuwait Fund for Arab Economic Development (KFAED) has signed an agreement with Mali to lend it KD 5.8 million (some USD 20 million). The accord, designed to contribute to funding renovation More...

By Staff writer On Saturday, December 20th, 2014
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Sound economic planning and stable government policies place UAE economy on continuous growth

Sound economic planning and stable government policies place UAE economy on continuous growth Sound economic planning and stable government policies have ensured that the UAE economy will continue to grow at a steady More...

By Staff writer On Wednesday, December 17th, 2014
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UAE Economic Outlook forum highlights prospects and march towards knowledge economy

UAE Economic Outlook forum Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, the second annual UAE Economic Outlook 2015 More...

By Staff writer On Sunday, December 14th, 2014
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Finance Ministry Continues to Promote Economic Development

Finance Ministry Continues to Promote Economic Development The Ministry of Finance has made significant achievements in promoting the economic growth in the country by expanding and diversifying the sources of the More...

By Staff writer On Sunday, December 14th, 2014
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UAE, Belgium discuss economic co-operation

Sultan bin Saeed Al Mansouri, Minister of Economy Sultan bin Saeed Al Mansouri, Minister of Economy, has received Ambassador of Belgium to the UAE, Dominic Mineur, in his office at the ministry. The parties discussed More...

By Staff writer On Sunday, December 7th, 2014
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KFAED chief affirms Kuwait’s continuous support to Egypt

Kuwait Fund for Arab Economic Development (KFAED) Kuwait Fund for Arab Economic Development (KFAED) Director General Abdulwahab Al-Bader Saturday affirmed Kuwait’s continued support for Egypt to addressing More...

By Staff writer On Sunday, December 7th, 2014
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Kuwait signs loan deal with Egypt

Abdulwahab Al-Bader, KFAED Director General and Najlaa Al-Ahwani, Egyptian Minister of International Cooperation sign the agreements Kuwait Fund for Arab Economic Development (KFAED) and Egypt signed Saturday an More...

By Staff writer On Sunday, December 7th, 2014
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GCC summit in Doha eyes economic growth, current oil global price

GCC summit in Doha eyes economic growth, current oil global price The upcoming 35th GCC Summit in the Qatari capital Doha will be focusing on issues pertaining to the economic growth in the Gulf region as well as More...

By Staff writer On Saturday, December 6th, 2014
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Kuwait No. 2 in issuing business licenses for GCC nationals

Kuwait No. 2 in issuing business licenses for GCC nationals The number of business licenses issued by Gulf Cooperation Council member (GCC) governments to member states nationals have ballooned to 40,753 by the More...

By Staff writer On Saturday, December 6th, 2014
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Inter-GCC trade volume hits USD 121.2 bln

Gulf Cooperation Council (GCC) An economic report showed that the value of trade exchanges among the GCC member states rose by 14 percent to USD 121.3 billion in 2013 from USD 106.5 billion in the previous year. The More...

By Staff writer On Saturday, December 6th, 2014
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UAE accounts for 86 percent of GCC licenses for economic activities

UAE accounts for 86 percent of GCC licenses for economic activities The UAE scored the highest cumulative increase in the issuing of licences to GCC citizens, granting some 35,006 licences in 2013, accounting for More...

By Staff writer On Friday, December 5th, 2014
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Al Sada Wraps up Netherlands Visit with Series of Meetings

Dr. Mohamed bin Saleh Al Sada, Minister of Energy and Industry HE Minister of Energy and Industry Dr. Mohamed bin Saleh Al Sada has concluded his official visit to the Netherlands, which lasted for a few days and More...

By Staff writer On Friday, December 5th, 2014
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GCC countries must prepare for an oil, gas “post era” – Al-Zayani

Abdullatif Al-Zayani, Gulf Cooperation Council (GCC) Secretary General Gulf Cooperation Council (GCC) Secretary General Abdullatif Al-Zayani said on Thursday that the main challenge facing GCC countries is to prepare More...

By Staff writer On Wednesday, December 3rd, 2014
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Kuwait’s economic diplomacy has proven helpful

Nejib Al-Bader, Kuwait, Ambassador to Albania Kuwaiti Ambassador to Albania Nejib Al-Bader has underlined significance of the economic diplomacy noting that it has helped Kuwait cope with major challenges at this More...

By Staff writer On Tuesday, December 2nd, 2014
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Kuwait finances 8 development projects in Lebanon

Kuwait finances 8 development projects in Lebanon Kuwait Fund for Arab Economic Development (KFAED) inked an agreement Monday to finance eight small development projects in Lebanon with a total cost of USD 1.21 More...

By Staff writer On Tuesday, December 2nd, 2014
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Kuwaitis encouraged to invest in Cambodia

Sun Chanthol, Cambodia’s Minister of Commerce Cambodia’s Minister of Commerce Sun Chanthol has urged Kuwaiti investors to take advantage of the new economic laws aimed at targeting and encouraging foreign More...

By Staff writer On Sunday, November 30th, 2014
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Moroccan Prime Minister Meets Minister of Economy and Trade

Abdelilah Benkirane, Morocco Prime Minister and Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Trade Moroccan Prime Minister Abdelilah Benkirane has met with HE the Minister of Economy and Trade More...

By Staff writer On Saturday, November 29th, 2014
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OIC’s COMCEC talks focus on trade, tourism cooperation

Oranisation of Islamic Cooperation Standing Committee for Economic and Trade Cooperation (COMCEC) The Oranisation of Islamic Cooperation Standing Committee for Economic and Trade Cooperation (COMCEC) ended its talks More...

By Staff writer On Friday, November 28th, 2014
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Finance Minister arrives in Turkey to attend COMCEC talks

Anas Al Saleh, Finance Minister Finance Minister Anas Al-Saleh arrived here on Wednesday to head Kuwait’s delegation at the Standing Committee for Economic and Commercial Cooperation of the Organisation of More...

By Staff writer On Tuesday, November 25th, 2014
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GCC Petrochemical Revenues Hit US$89.4 billion in 2013

Gulf Petrochemicals & Chemicals Association (GPCA) Petrochemicals revenues reached an all-time high in 2013 hitting the US$89.4 billion mark, the latest industry report by the Gulf Petrochemicals & Chemicals More...

By Staff writer On Monday, November 24th, 2014
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Kuwait, Spain mull bilateral cooperation

Abdulmohsen Al-Madaj, Deputy Prime Minister and Minister of Commerce and Industry and Jaime Garcia-Legaz, Spain’s Secretary of State for Trade Deputy Prime Minister and Minister of Commerce and Industry Abdulmohsen More...

By Staff writer On Saturday, November 22nd, 2014
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UAE envoy participates in Arab-Belgian-Luxembourg Economic Forum

Arab-Belgian-Luxembourg Economic Forum Sulaiman Hamed Al Mazroui, UAE Ambassador to Belgium and the Grand Duchy of Luxembourg and European Union, took part in the 9th Arab-Belgian-Luxembourg Economic Forum in the More...

By Staff writer On Wednesday, November 19th, 2014
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Qatar, Gambia Looking to Strengthen Economic Ties

Qatar, Gambia Looking to Strengthen Economic Ties A trade delegation from Qatar Chamber met here Tuesday evening with a Gambian delegation to discuss ways to strengthen economic ties and trade exchange between the More...

By Staff writer On Sunday, November 16th, 2014
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G20 leaders agree on approach to tackle world economic issues

G20 leaders agree on approach to tackle world economic issues Leaders of the G20 nations have agreed at their summit meeting in Brisbane, Australia, on a number of measures to shore their economies and make them More...

By Staff writer On Saturday, November 15th, 2014
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QNB Group: Searching for Diamonds in Sub-Saharan Africa

Searching for Diamonds in Sub-Saharan Africa Sub-Saharan Africa (SSA) presents a new frontier for the global investor, but political and economic risks abound. Differentiating between rough diamonds and plain stones More...

By Staff writer On Thursday, November 13th, 2014
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KFAED, Oman sign grant agreement worth USD 1.75 bln

KFAED, Oman sign grant agreement worth USD 1.75 bln The Kuwait Fund for Arab Economic Development (KFAED) and Oman signed in Muscat on Wednesday a grant agreement whereby the Fund will offer USD.75 billion to finance More...

By Staff writer On Tuesday, November 11th, 2014
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Qatar Stock Exchange Participates in Berlin Economic Forum

Qatar Stock Exchange Participates in Berlin Economic Forum Qatar Stock Exchange participated in the Berlin Economic Forum 2014-24 held in the German capital on 8-10 November. The 2014 Annual Conference was concided More...

By Staff writer On Sunday, November 9th, 2014
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Jordan, GCC strategize firmer cooperation

Jordan, GCC strategize firmer cooperation Jordan agreed with GCC states on a set of strategic objectives to boost cooperation between both sides, a statement by a Jordanian official said on Saturday. Secretary General More...

By Staff writer On Wednesday, November 5th, 2014
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Japan, Qatar to hold joint economic cmte

Japan, Qatar to hold joint economic cmte Japan and Qatar will hold a meeting of the Joint Economic Committee on Thursday in Tokyo, the Japanese Foreign Ministry said Tuesday. The Japanese side will be led by Economy, More...

By Staff writer On Tuesday, October 28th, 2014
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Ruler of Fujairah receives first U.A.E. Economic Planning Forum’s participants

H.H. Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, today received at Remaila Palace the heads of local economic departments More...

By Staff writer On Tuesday, October 28th, 2014
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ADCB Islamic Banking partners with the World Islamic Economic Forum

ADCB Islamic Banking partners with the World Islamic Economic Forum Abu Dhabi Commercial Bank’s Islamic Banking department announced today its strategic partnership with the 10th World Islamic Economic Forum (WIEF). More...

By Staff writer On Tuesday, October 28th, 2014
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IMF’s Regional Economic Outlook: Mideast Sees Fragile Recovery Amid Conflicts and Transitions

IMF’s Regional Economic Outlook: Mideast Sees Fragile Recovery Amid Conflicts and Transitions The Middle East and North Africa region continues to experience lackluster growth for the fourth year in a row, the More...

By Staff writer On Sunday, October 26th, 2014
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Finance Min. upbeat about GCC financial conditions

Anas Al-Saleh, Minister of Finance The strong financial conditions of the Gulf Cooperation Council (GCC) member states have effectively contributed to boosting their economic capabilities in face of challenges and More...

By Staff writer On Saturday, October 25th, 2014
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99th GCC financial, economic ministerial meeting kicks off

99th GCC financial, economic ministerial meeting kicks off The 99th meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee kicked off here on Friday. The ministerial gathering More...

By Staff writer On Tuesday, October 21st, 2014
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High-profile speakers to spearhead discussions at 10th WIEF

World Islamic Economic Forum A number of global leaders, business leaders and high-profile speakers will attend the 10th World Islamic Economic Forum (WIEF) in Dubai from October 28 to 30, taking centre stage to More...

By Staff writer On Sunday, October 19th, 2014
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Dubai Economic Council, PwC, Latham & Watkins to host M&A summit for business leaders

Dubai Economic Council, PwC, Latham & Watkins to host M&A summit for business leaders Mergers and acquisitions, M&A, activity in the Middle East and North Africa, MENA region, is showing significant More...

By Staff writer On Saturday, October 18th, 2014
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Dubai to host Women’s forum meeting in 2016

Dubai to host Women’s forum meeting in 2016 The Women’s Forum for the Economy and Society has selected Dubai to host the first Women’s Forum Dubai in 2016. This will be the first time in history More...

By Staff writer On Saturday, October 18th, 2014
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GCC eager to boost economic ties with China

Gulf Cooperation Council (GCC) The GCC region is willing to further develop economic, commercial, and investment ties with China, said a Gulf official Friday. This statement came during a meeting between the GCC More...

By Staff writer On Wednesday, October 15th, 2014
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Maktoum bin Mohammed receives CEO of Richemont

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Richard Lepeu, CEO of Richemont H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, welcomed Richard Lepeu, More...

By Staff writer On Sunday, October 12th, 2014
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First UAE Economic Planning Forum to be Held in Fujairah

Abu Dhabi Department of Economic Development The Ministry of Economy has announced the first edition of the UAE Economic Planning Forum organized by the Fujairah Department of Industry and Economy at the initiative More...

By Staff writer On Sunday, October 12th, 2014
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Kuwait offers Benin KD 3mln-loan to finance coast protection project

KFAED, Benin Agreement Signing ceremony The Kuwait Fund for Arab Economic Development (KFAED) has signed an agreement with the government of Benin to finance an ambitious project to protect the east coast of the More...

By Staff writer On Sunday, October 12th, 2014
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Qatar, US Discuss Means of Enhancing Economic and Tarde Cooperation

Ali Shareef Al Emadi, the Minister of Finance with Penny Pritzker, US Secretary of Commerce HE the Minister of Finance Ali Shareef Al Emadi held talks with US Secretary of Commerce Penny Pritzker, focusing on ways More...

By Staff writer On Wednesday, October 8th, 2014
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IMF cuts world economic growth forecast due to “uneven global recovery”

International Monetary Fund (IMF) The International Monetary Fund (IMF) lowered its outlook for global economic growth Tuesday due to “weaker-than-expected global activity,” according to the October More...

By Staff writer On Monday, October 6th, 2014
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GCC countries have potential to become world attraction

The Gulf Cooperation Council (GCC) member states have competitive advantages to become a major travel attraction in the world, Gulf Cooperation Council (GCC) according to an economic report. Such advantages mainly More...

By Staff writer On Monday, October 6th, 2014
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QNB Group: Qatar’s Non-Hydrocarbon Sector Continues to Drive Economic Growth

The non-hydrocarbon sector in Qatar continues to drive economic growth, supporting the diversification of the economy. Real GDP growth accelerated to 5.7% in Q2 2014, from a revised 5.4% in the previous quarter, More...

By Staff writer On Wednesday, September 24th, 2014
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Al Mansouri, US Secretary of Commerce discuss relations

Sultan Bin Saeed Al Mansouri, Minister of Economy U.A.E. Minister of Economy, Sultan bin Saeed Al Mansouri, has discussed with US Secretary of Commerce, Penny Pritzker, ways to strengthen bilateral relations between More...

By Staff writer On Friday, September 19th, 2014
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Economic recovery spurring solid growth for Gulf banks, says report

Economic Recovery Spurs Solid Growth For Gulf Banks.”  Gulf banks have shown healthy earnings growth over the last year and a half, despite historically low interest rates, said Standard and Poor’s Ratings More...

By Staff writer On Thursday, September 18th, 2014
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Kuwaiti-German commercial exchange “satisfactory” — Amb. Wollfarth

Eugen Wollfarth, German Ambassador to Kuwait Kuwaiti-German commercial exchange is at a satisfactory level with Germany exporting 1.32 billion euros worth of goods to Kuwait in 2013 while receiving around 356 million More...

By Staff writer On Thursday, September 18th, 2014
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Economy and Trade Minister Praises Strong Relations with Germany

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Trade speaking at the Qatari-German Economic Forum HE Minister of Economy and Trade Sheikh Ahmed bin Jassim bin Mohammed Al-Thani stressed Monday More...

By Staff writer On Monday, September 15th, 2014
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Dubai SME and Epoc Messe Frankfurt collaborate on pavilion for Intersec 2014

Mr. Abdul Baset Al Janahi, Chief Executive Officer, Dubai SME and Mr. Ahmed Pauwels, Chief Executive Officer, Epoc Messe Frankfurt GmbH signed the agreement. Dubai SME, the agency of the Department of Economic Development More...

By Staff writer On Monday, September 15th, 2014
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SCAD: Abu Dhabi’s inflation rate at 2.9% in eight months

Abu Dhabi’s inflation rate at 2.9% in eight months The inflation rate in consumer prices for the first eight months of 2014 was 2.9%, compared with the same period of 2013, as shown by the increase in the More...

By Staff writer On Monday, September 15th, 2014
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Gold prices continue falling

Gold Gold prices continued dropping during the past week reaching USD 1,232 per ounce amid continuous hike of the US dollar. Chief Executive Officer of Sabaek company Rajab Hamed told KUNA positive reports about More...

By Staff writer On Sunday, September 14th, 2014
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Abu Dhabi, Brisbane discuss stronger economic relations

Abu Dhabi, Brisbane discuss stronger economic relations  Chairman of Department of Economic Development in Abu Dhabi (DED-Abu Dhabi) Ali Majid Al Mansouri, and Graham Quirk, Lord Mayor of Brisbane, the capital More...

By Staff writer On Sunday, September 14th, 2014
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DP World chairman meets Maldivian President, tourism minister

Sultan Ahmed Bin Sulayem, DP World Chairman and Abdulla Yameen Abdul Gayoom, President of the Maldives  DP World Chairman, and Chairman of Ports, Customs and Free Zone Corporation (PCFC), Sultan Ahmed Bin Sulayem More...

By Staff writer On Friday, September 12th, 2014
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UNCTAD urges countries to change economic policies to stimulate growth

United Nations Conference on Trade and Development (UNCTAD) The United Nations Conference on Trade and Development (UNCTAD) says rich and poor countries must change their economic policies in order to stimulate More...

By Staff writer On Thursday, September 11th, 2014
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ADX receives NYUAD CTED Delegation

ADX receives NYUAD CTED Delegation Abu Dhabi Securities Exchange (ADX) recently received a delegation from the Centre for Technology and Economic Development (CTED) at New York University Abu Dhabi (NYUAD). The More...

By Staff writer On Thursday, September 11th, 2014
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Arab Ministerial Economic, Social Council to hold 94th session in Cairo Thursday

Arab Ministerial Economic, Social Council to hold 94th session in Cairo Thursday The Arab economic and social affairs ministers will hold their 94th session at the Arab League headquarters on Thursday with the participation More...

By Staff writer On Thursday, September 11th, 2014
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Ooredoo Group Chairman Meets with Founder of the World Economic Forum

HE Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Chairman, Ooredoo Group, and Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum  HE Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, More...

By Staff writer On Wednesday, September 10th, 2014
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FCA: UAE ranks third in the world in terms of customs procedures KPI

UAE ranks third in the world in terms of customs procedures KPI The 2014-2015 Global Competitiveness Report, issued by the Global Economic forum, reflected the progress that has been made in the U.A.E.’s customs More...

By Staff writer On Wednesday, September 10th, 2014
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Kuwait seeks quantum leap in economic structure

Anas Khaled Al-Saleh, Minister of Finance Kuwait is seeking to intensify efforts to achieve a quantum leap in economic structure, within the framework of a strategic vision to develop the national economy, Minister More...

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