This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
mena3 hours ago
These, among other issues, were raised during a Dubai Chamber seminar on Sunday, which covered three important topics, including Dubai traders’ expectations for 2009, export performance of Dubai Chamber members and their future challenges and exploring export markets for Dubai exports businesses.
The survey, conducted by Dubai Chamber during the last quarter of 2008, shows that 36 per cent of Dubai traders expect the liquidity crunch to last for six months to one year, while 46 per cent expect it to last longer.
Traders look upon the government to support their efforts through comprehensive bailout scheme for financial institutions, including the small firms, and policies to encourage financial institutions to provide greater access to capital.
Traders are also asking the government to provide subsidies to lower cost of their operations and improve their competitiveness.
These could be in the form of direct subsidies, lower fees for Government services and lower import tariff and port services, and regulations of transport and property rental costs.
The outlook for the current year is lowered in comparison to last year when oil prices were high and negotiations for FTA and purchase of planes and high-end products were continuing with developed countries, according to the survey.
This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
mena3 hours ago
The Islamic republic's supreme leader Ayatollah Ali Khameni has been transferred to a secure location, sources say
mena3 hours ago
Haddad, a project to enhance security of the Emirates' water areas, is the first-of-its-kind in the region
uae4 hours ago
A Dh50,000 fine was also imposed on the impounded vehicles
uae4 hours ago
Both Israeli and US media reported that Hezbollah's leader Hassan Nasrallah was the target
mena4 hours ago
The event will spotlight 104 young golfers aged 11 to 18, all eager to showcase their skills on the newly enhanced back nine at Arabian Ranches
sports5 hours ago
This comes after Israel military claimed on Saturday that it killed the militant group's chief
mena5 hours ago
No casualties were reported and employees were sent home for the day
asia5 hours ago