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Tue, 02 Dec 2008 | 05:52 GMT
 
Top Economy & Politics News

  • UN calls for 'massive' economic stimulus to ease global crisis


    Governments of the world must embark on a massive financial stimulus to counter the global economic downturn, UN experts said in a report published. AFP - 01Dec 12:48GMT
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  • Sudan hikes taxes as oil revenues set to dive


    Sudan approved a 10-billion dollar budget for 2009, doubling taxes on communications and introducing a new duty on all imported goods to cover a forecast plunge in oil revenue. AFP - 01Dec 12:25GMT
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  • Kuwait Emir Accepts Government Resignation


    The emir of Kuwait accepted the resignation of the cabinet on Monday and asked the outgoing prime minister to form a new government, parliament speaker Jassem al-Khorafi said. AFP - 01Dec 11:25GMT
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  • Abu Dhabi to Reveal 5-year Economic Strategy Soon


    Abu Dhabi will unveil its five-year economic diversification strategy in couple of months, an official said. Khaleej Times - 01Dec 08:33GMT
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  • Iraq faces economic crunch- VP


    Iraqi Vice President Adel Abdemahdi said that Iraq is currently facing an economic crisis as a result of the fall in international oil prices. Aswat Aliraq - 01Dec 07:21GMT
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  • Saudi Arabia, Albania boost bilateral ties


    Saudi Arabia and Albania have set out a new vision of bilateral relations with a focus on how to boost political, commercial and cultural links, said Albanian Ambassador to the Kingdom Admirim Banaj. Arab News - 01Dec 06:12GMT
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  • Bahrain To Outperform US, Europe In '09


    Bahrain is set to beat the world's largest economies, including the US and Western Europe, with a forecast of 3.5 percent gross domestic product (GDP) growth next year, a senior economist said. Arab News - 01Dec 06:10GMT
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  • Al-Assaf, Ewa focus on financial crisis


    The current global financial crisis and its impact figured in the discussion between Saudi Finance Minister Ibrahim Al-Assaf and Swedish Trade Minister Dr. Ewa Bjorling. Arab News - 01Dec 06:08GMT
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  • Iran seeks to enhance economic ties with Malaysia


    Tehran wants to enhance its economic relations with Kuala Lumpur, Iranian Foreign Minister Manouchehr Mottaki said. Tehran Times - 01Dec 05:26GMT
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  • 10-Day Holiday For UAE Government Sector


    UAE Government sector employees will get a 10-day holiday starting December 2 on the occasions of the National Day and Eid Al Adha. WAM (Emirates News Agency) - 01Dec 05:24GMT
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Economic Outlook
 
Tim Fox, Emirates NBD economist, and Jason Goff from Emirates NBD treasury, talk about the economic outlook in Europe and the Middle East.
Dubai Eye - 30 Nov 2008

 

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Why a Dirham Standard is the Right Standard for the UAE
Special Contributions - 27 Nov 2008

AlphaOmegaPi discusses why a Dirham standard is the right standard for the UAE. Reinventing the monetary architecture of the country will not only lead to more domestic empowerment, but it will also lead to an optimized use of foreign inflows, and a far more productive deployment of USD revenues, from oil or other sources. It will allow the governments of the UAE to separate AED expenditures from USD revenues, thus making room for USD savings and it will also create a local source of money and wealth creation, and will balance the country’s dependence on foreign currency inflows.

 
 
 
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