Economy & Trade

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There have been no electricity blackouts over the first two days of the Eid holiday
Today
As a result of Egyptians heading to the coast to celebrate the holiday, hotels in resort cities have seen occupancies exceed 90 percent.

July 30, 2014

A Dh5,000 fine will be imposed on those who misuse the residency system or submit bogus reports to the residency departments across the country.
13:25 GMT

The new measures will include the issuing of a new array of entry permits and visas, such as multiple entry permits for visit or work; the activation of study visas, and entry permits for medical care and attending conferences.

July 27, 2014

Amman has dropped 14 places from 89 to 103 in Mercer’s 2014 Cost of Living Survey, which shows the most expensive expatriate destinations in the world.
05:16 GMT

But expatriates and an analyst said they find Amman “a city that gets more and more expensive every year”.

July 24, 2014

DP World
08:11 GMT

DP World Limited handled 29.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2014, with gross container volumes growing by 9.3% on a like-for-like basis.

July 23, 2014

Economists hope the announcement will diversify Saudi Arabia's stock market (File/AFP)
08:21 GMT

Investors have welcomed a Saudi Cabinet decision to allow direct foreign investment in the country's stock market, with the move being seen as an attempt to diversify the economy away from oil.

July 22, 2014

Dubai Chamber
05:55 GMT
(press release)

In the framework of the preparation for the 10th World Islamic Economic Forum (WIEF), which will be organised in Dubai from 28-30 October 2014.

July 21, 2014

The number of jobless Jordanians is expected to reach 400,000 in 2030 if the unemployment rate continues at its last year’s rate of 12.6 per cent
04:55 GMT

The official figures showed that unemployment among males who hold a bachelor’s degree or higher reached 20.8 per cent, while among university graduate females it was nearly 82 per cent.

July 20, 2014

Dr. Sheikha Al Ghafri, Senior Manager of the Customs Training Center
07:00 GMT

The Human Resources, Finance and Administration Division at Dubai Customs has launched “Talent Care Program”, a first-of-its-kind initiative at the local, regional and international Customs level.

Once a top recipient of US military aid, Egypt lost most of its $1.3 billion a year package after the 2011 popular uprising that toppled Mubarak.
04:55 GMT

"The contract is worth about 1 billion euros and was finalised last month," a French diplomatic source said. "It's the first big deal since we sold Mirage fighters (warplanes) about 20 years ago."

July 15, 2014

 
Channeling assets of the capital market - mainly the stock market and the banking sector - into key oil, gas, and petrochemical industries can contribute to the nation’s economic growth.
15:28 GMT

Khamenei outlined the general policies of the program to promote the “economy of resistance”, which can lead the Iranian nation to victory in “the imposed economic war” with the West

DP World Vice Chairman, HE Jamal Majid bin Thaniah  with Kazakhstan Temir Zholy President HE Askar Mamin during their visit to the Port of Aktau
12:21 GMT

DP World Vice Chairman HE Jamal Majid bin Thaniah has visited the Port of Aktau to meet the Honorable Prime Minister of Kazakhstan HE Karim Masimov as part of their review of Kazakhstan’s infrastructure development at the Port of Aktau.

July 14, 2014

The European Union has annulled sanctions against 14 Iranian entities since President Hassan Rouhani took office in August 2013.
14:43 GMT

“The bowl of sanctions has broken… and [nobody] can return this broken bowl to its previous state,” Rouhani stated.

July 13, 2014

H.E. Ahmed Mahboob spending a Ramadan evening with DC employees
06:45 GMT

Dubai Customs hosted a Ramadan Suhoor event for its staff at the Dubai World Trade Center, in efforts to enhance social bonds between them, particularly during the holy month of Ramadan.

Yemen has struggled to pay public sector salaries and finance food and energy imports, which has led to power cuts and fuel shortages
04:55 GMT

But reducing subsidies is hard in a country where a third of the population of 25 million lives on less than $2 a day, and this week’s austerity package did not address subsidies.

July 11, 2014

“We are close to an agreement on holding a Parliament session on July 17 to pass laws adopting the new salary scale and government expenditures,” the source said.



Read more: http://www.dailystar.com.lb/News/Lebanon-News/2014/Jul-11/263496-wage-hike-breakthrough-expected-next-week.ashx#ixzz377kRp4Ue 
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
03:42 GMT

Breakthrough in the long-running crisis over public workers’ salaries is expected next week, a ministerial source revealed to The Daily Star Thursday.

The world’s most expensive cities for expats are both in Africa. Luanda in Angola is ranked first for the second year, followed by N’Djamena in Chad.
03:38 GMT

Rising housing costs has pushed Dubai up the rankings in an annual survey of the most expensive cities in the world for expatriates to live in.