UAE to Invest $25bn in Gas Development Projects

, ,
(Moscow) - Gas remain a major factor in the world energy supply equation and a driving force for the world economic growth, H.E. Suhail Al Mazrouei, UAE Minister of Energy, has affirmed. The potential role of gas in the world energy mix…

Pak-US Investment Conference Held

, ,
(Dubai) - An important conference aimed at expanding business, trade and commerce relations between Pakistan and United States was held in Dubai on June 25-26. Federal Finance Minister Ishaq Dar led a high-level delegation which includes…

Dubai Trade Launches Mobile Strategy

,
(Dubai) - Dubai Trade, the leading facilitator of cross-border trade under Dubai World, has announced its mobile strategy to provide the services of its stakeholders and its own value-added services through smart phones and other mobile…

Intra Mena Trade set to Double by 2020

,
(Dubai) - Intra-regional trade in the Middle East and North Africa (Mena) is expected to see big surge during the current decade, said a senior HSBC executive. “Intra Mena trade has the potential to double by the end of the decade to…

UAE Ranks 28th Worldwide in GDP

, ,
The UAE has ranked 28th worldwide among the largest economies of the world in terms of gross domestic product (GDP), according to the World Bank data. By this, the UAE has the second largest Arab and regional economy after Saudi Arabia,…

Egypt nears $4.8b IMF Deal

,
Egypt’s government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said. The loan, needed to help stabilise Egypt’s…

Dubai Declaration Released by World Custom Organization

,
A consolidated report on the recommendations and outcomes of the 2013 World Custom Organization IT Conference and Exhibition, held under the patronage of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin…

Sheikh Mohammed Announces 'Dubai Design District'

, ,
(Dubai) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced that a new district will be created in Dubai dedicated to developing the emirate’s fashion, design…

Central Bank of UAE Signs MOU with Bank of Korea

,
(Seoul) - Central Bank of the UAE has announced that it has signed a Memorandum of Understanding (MoU) with the Bank of Korea (Central Bank of South Korea) aimed at cooperation, exchange of information and expertise, and training. H.E.…

UAE-Spain to Boost Economic Relations

, ,
UAE-Spain Joint Economic Committee's second meeting concluded on a positive note as both sides agreed to undertake all possible measures to further strengthen bilateral trade and extend cooperation on strategic levels of economic activity…

Europe a Threat to World Economy: OECD

, ,
The recession in Europe risks threatening the world’s economic recovery, OECD has warned. In its half-yearly report, the Organization for Economic Cooperation and Development said that protracted economic weakness in Europe “could evolve…

UAE-India Keen to Boost Investment

(Abu Dhabi) - The UAE and India have agreed in principle to start negotiation on Bilateral Investment Protection Agreement and conclude it at the earliest during Indian Finance Minister P.Chidamabaram’s official UAE visit. H.H. General…

UAE-Korean Economic Partnership Forum in Seoul

, ,
(Seoul) - The third edition of the UAE-Korean Economic Partnership Forum opened in Seoul, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. H.H. Abdullah…

Indian Jet Airways Shareholders Approve Etihad deal

Shareholders of India’s Jet Airways approved a deal in Etihad Airways that will take a 24 percent stake in the private carrier. Shares will be allotted only after completion of all regulatory approvals. “The commercial agreement with…