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Economy
Plan to curb level of remittances in UAE
Abu Dhabi : Expatriates may be compelled to invest their savings in the UAE if the recommendations made by a key government body are implemented.
Mar 18, 2005, 23:56
News
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Economy
Remittances put burden on UAE economy
The high remittances of expatriates from the UAE, running into several billion dirhams annually, impacts negatively on the country's GDP and balance of payments, a government report has said.
Mar 18, 2005, 23:53
News
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Economy
Dubai economy grew 16.7pc
DUBAI — Dubai's economy grew 16.7 per cent last year, while it grew by close to an average of 10 per cent during 1999-04, according to a report by Nexus Capital SA, a leading Swiss financial services firm.
Mar 18, 2005, 22:54
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Economy
UAE to maintain its economic status
DUBAI — The UAE will maintain its high profile position at the world financial, trade and banking circles through provision of high quality services and facilities.
Mar 18, 2005, 22:51
News
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Economy
Dubai Non-oil trade registers 21pc growth
Dubai’s non-oil foreign bilateral trade experienced continued growth registering 21 per cent growth in 2003 over the year 2002 and expected to sustain similar annual growth during the coming 5 years to cross the ceiling of 250 billion by the year 2010.
Mar 18, 2005, 22:40
News
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Economy
UAE, Australia MoU Signed
Shaikha Lubna Al Qasimi, Minister of Economy and Planning in a joint meeting with Australian officials, signed bilateral agreements which are expected to yield joint economic and investment agreements between the two countries.
Mar 18, 2005, 22:09
News
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Economy
UAE cabinet clears balanced budget - UAE Economy News
The UAE cabinet gave its approval to country's first balanced budget in 24-years which has revenue outlay of Dh22.703 billion.
Feb 25, 2005, 22:40
News
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Economy
More Industrial Cities to Come Up in UAE
ABU DHABI - The UAE government has drawn up a strategy to ensure that the country’s industrial development matches its achievements in other fields. The new strategy includes building a number of industrial cities to provide necessary infrastructure to face the challenges of globalisation. The Abu Dhabi Industrial City (ADIC) is one such facility.
Dec 11, 2004, 06:41
News
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Economy
Retail & Trading Accounts For More Than Half of Dubai's GDP
Dubai: More than 60 per cent of Dubai's GDP is generated by the retail and trading sector, said Eisa Kazim, coordinator general of Dubai Service Excellence Scheme.
Dec 7, 2004, 22:48
News
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Economy
UAE Textile, Garments Sectors Set For Major Expansion
UAE Textile, Garments Sectors Set For Major Expansion. DUBAI - The UAE's garment and textile industry, which has grown remarkably since the formation of the federation under the visionary leadership of the late president Shaikh Zayed bin Sultan Al Nahyan, is set for a new phase of consolidation and vibrancy in the emerging global trade scenario.
Nov 8, 2004, 14:59
News
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Economy
UAE Economy Rises By Leaps and Bounds
UAE Economy Rises By Leaps and Bounds - The UAE’s GDP last year reached Dh284.5 billion as compared to Dh6.5 billion in 1972 at the beginning of the union. The 13 per cent annual rate of growth in GDP reflects the soundness of government policies that aimed at diversification of the sources of national income through decreasing dependency on oil and increasing the share of the non-oil sectors.
Nov 8, 2004, 14:45
News
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Economy
UAE most stable country economically, politically
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| United Arab Emirates |
In a short-term prospective, the UAE is region's most stable country economically as well as politically. The country's business environment rating is 78.9, ranking 16 in the world, while its short term composite rating is 83.9.
Oct 25, 2004, 11:52
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