Economy & Trade

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The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
July 24, 2014 - 10:22 GMT
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)

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.

Egypt, one of the world's largest wheat importers, said on Thursday it had enough wheat to last for six months.
03:21 GMT

Egypt purchased 3.7 million tonnes of local wheat and also bought 5.46 million tonnes of wheat from abroad during the 2013-2014.

July 10, 2014

Abdullah bin Zayed and Sultan bin Sulayem during a meeting with business leaders in Vancouver
11:21 GMT

DP World has presented its future expansion plans to be implemented in DP world-Vancouver Terminal.