The second meeting of the UK-UAE Joint Economic Council discussed proposals to set up joint working teams on energy, education, health, infrastructure, finance and business, small and medium size enterprises and defense. http://www.zawya.com/story/UKUAE_Joint_Economic_Council_considers_7_joint_working_teams-WAM20120516161639531/

WAM Dubai, 15th May 2012 (WAM) — The Department of Economic Development (DED) and Dubai FDI, the foreign investment office of DED, have signed a strategic partner agreement with the Australia Gulf Council (AGC) to promote and facilitate trade, investment

UAE-based operator Rotana is planning to add three to four hotels to its portfolio in Qatar ahead of the 2022 FIFA World Cup. The firm currently operates one hotel in the Gulf state, with a second slated to open in Doha City Centre in December. “By the time the World Cup comes up we’ll probably have five or six hotels in Qatar. That’s a long term plan for 2022, we’ll take time to build them,” [...]

The United States Ambassador to the UAE, Mr. Michael Corbin, visited the USA Regional Trade Center (USARTC) today for a tour of the facility and to discuss the USARTC’s role in creating business opportunities for US companies.  Ambassador Corbin was accompanied by Mr. Robert Bannerman, Principal Commercial Officer at the U.S. Consulate, Dubai; and Mr. Jude Ahkidenor, Agriculture Attaché. The Ambassador met with the USARTC team and reiterated the US Embassy’s support of the Center’s [...]

Dubai, 8 May 2012: Businesses across Dubai remain upbeat on growth and revenues with expectations riding high especially in the Manufacturing sector, as reflected in the quarterly business survey conducted by the Department of Economic Development ( DED ) during the first three months of 2012. The composite Business Confidence Index (BCI) for Dubai according to the survey stood at 120.5 points in Q1 2012, indicating an optimistic outlook for the next quarter. BCI crossing [...]

WAM Abu Dhabi, May 8th, 2012 (WAM) — The Central Bank of the UAE announced today that a Joint Workshop between United Arab Emirates and the United Kingdom regarding “Recovery of Proceeds of Crime and Asset Sharing” will be held tomorrow at the Interco…

Qatar’s strong economic performance driven by high energy prices and the government’s investments as well as preparation for Fifa 2022 are driving real estate demand in the country, a report said. DTZ, one of the top global real estate services firms, predicts a positive outlook as a result of demand for all types of real estate in its latest update on Qatar’s real estate market.   http://www.albawaba.com/business/qatar-property-market-fifa-2022-424134

The inaugural ‘Made in UAE’ exhibition will help boost trade and also increase industrial sector’s share in the country’s gross domestic product, or GDP, according to top government officials.

WAM Dubai, 7th May 2012 (WAM) — H. H. Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has instructed stakeholders to do their best to maintain Dubai’s status in the list of countries that stimulate sustainable green growth and…

Dubai – The short to medium term economic outlook of the GCC countries is positive due to strong external balances and rising oil prices, the International Monetary Fund said yesterday. Despite the rising external surpluses, the IMF has warned that the Gulf economies should beware of potential fiscal imbalances creeping in as a result of excessive public spending and the rising budget break even oil prices.   http://www.zawya.com/story/IMF_sees_positive_economic_outlook_for_GCC_nations-GN_02052012_030523/