Economy in United Arab Emirates

  • United Arab Emirates PMI in December drops to lowest level in over three years

    UNITED ARAB EMIRATES, 2016/01/17

  • Egypt: Agreement With UAE Company to Establish Industrial Zone

    EGYPT, 2015/08/24 Minister of Petroleum and Mineral Resources Eng. Sherif Ismail witnessed the signing of a memorandum of considerate between the South Valley Petroleum Holding Company and a UAE company to start the economic studies necessary for establishment of a package of new projects to develop the Gulf of Suez area with UAE investments reaching nearly USD 5.3 billion. The package of new projects includes a project to generate electricity with the use of solar and wind energy or clean coal, a water desalination plant project inclunding an industrial zone for specialized companies with the purpose of maximizing the price-added of mineral raw materials available in the Gulf of Suez and the Red Sea.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Arabtec lifts Dubai, Bahrain’s GFH rises on financing deal

    BAHRAIN, 2014/08/31 Renewed speculation in the shares of Dubai builder Arabtec lifted the emirate's market in early trade on Wednesday, while Bahrain's Gulf Finance House (GFH) rose after announcing a debt refinancing deal. Dubai's index gained 0.7 percent while Arabtec jumped 3.7 percent and dominated trading volume Some investors hope Abu Dhabi state fund Aabar Investments, a major shareholder in the firm, will soon buy at least a part of the 27.90 percent stake held by Arabtec's former chief executive Hasan Ismaik - and will pay a premium to the market price. There has been no concrete news of any deal, but investors are betting that one may be approaching.

  • UAE’s General Trade Volume in H1of 2012 grows 11.1% to AED 718.4 billion

    UNITED ARAB EMIRATES, 2012/12/31 Preliminary statistical data of FCA confirmed that the UAE’s general trade volume (total volume of UAE non-oil foreign trade and trade of free zones) in the prime half of 2012 recorded a 11.1% increase by Dhs71.7bn from Dhs646.7bn to Dhs718.4bn year on year. The Federal Customs Authority (FCA) said that imports accounted for Dhs449.4bn of UAE total trade, while exports and re-exports represented Dhs85.8bn and Dhs183.2bn, respectively.

  • UAE is the world’s 25th biggest importer in commercial services,

    UNITED ARAB EMIRATES, 2012/12/23 UAE is the world’s 25th biggest importer in commercial services, according to the majority recent classification by the World Trade Organisation (WTO) Secretariat for 2011, surpassing nations like Austria, Norway, Luxemburg and Malaysia. KSA occupied 22nd position worldwide in the same statement.

  • UAE world's top super brand for future politically, economically and culturally 2012-10-30

    UNITED ARAB EMIRATES, 2012/10/30 更多    
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