Economy & Trade

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 Female workforce participation stands at an estimate of just 24% in the Middle East, but the region’s women are proving their worth.
September 15, 2014 - 22:27 GMT
Forbes Middle East has unveiled its coveted 2014 ranking of The 200 Most Powerful Arab Women.

August 12, 2014

The 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
23:21 GMT

Around 27.8% of Egyptian youth are poor while 24.1% are near the poverty line.

August 11, 2014

During July, prices for vegetable, fruits, poultry and dairy products inched up by 7.4%, 3%, 4.8% and 4.6% respectively.
16:32 GMT

The agency attributed the surge to the rising demand for food commoditiessuch as vegetables, dairy products and poultry, and the government’s decision to raise fuel, electricity and tobaccoprices.

IDEAS UK Platinum Classification
10:28 GMT

Dubai Customs again is fortifying its achievement record starred with innovation and excellence trophies, by being awarded the IDEAS UK Platinum Category.

August 7, 2014

Addressing a news conference at his residence in the Saudi port city of Jiddah, Hariri gave details about the grant, which he earlier announced had been provided by King Abdullah.
11:13 GMT

Former Prime Minister Saad Hariri said Wednesday that Lebanon was being subject to an unprecedented terrorist attack, adding that the $1 billion Saudi grant was meant to help the country’s security apparatuses crush terrorism.

August 6, 2014

The goal of labor policy is full employment of the Saudi workforce, the report stated.
12:19 GMT

“Carrying out employment strategy requires providing the necessary resources to carry out mechanisms within a specific timeframe,” the ministry said.

While the hoteliers are losing out on business, as Coca Cola and Pepsi are popular beverages, they expressed no qualms over the loss of revenue.
12:02 GMT

A longer list of boycotted products – including garment, chocolates and beauty products – are being share via social networking sites Facebook and Twitter.

August 5, 2014

 
Trade between Iran and Turkey jumped sharply in 2013 compared to the decade ending in 2012.
21:21 GMT

Annual non-oil trade between Iran and Turkey amounted to $5.286 billion in the previous Iranian calendar year.

A major objective of the law, according to Majali, is to ensure the local administrations in the governorates have more powers to develop and manage services.
20:51 GMT

The municipalities and decentralisation draft laws seek to enhance citizens’ participation in decision making, according to Prime Minister Abdullah Ensour.

August 3, 2014

Part of the explanation of the rise in unemployment is that many young people have come onto the job market but have not yet succeeded in finding employment.
14:07 GMT

On the positive side the figures show that participation in the work force in June climbed from 64.2% to 64.7%.

The Ministry of Finance stressed in the report that the reforms made to the 2014/2015 state budget aim to stimulate the economy, boost employment rates and support social justice.
04:55 GMT

The new package aims to revitalise and expand the activities of the private sector through removing the “bottlenecks” facing economic key sectors.

July 31, 2014

The consumer goods and services index hit 196.8, a 1.4 percent rise compared to last month,
16:00 GMT

In March, Iranian Finance and Economic Affairs Minister Ali Tayyebnia said the country's inflation would fall below 15 percent.

Security alerts due to rocket attacks and frequent air raid sirens have disrupted business activity and caused a drop in industrial output and consumer spending.
15:42 GMT

The Bank of Israel cut its benchmark interest rate to 0.5 percent Monday from 0.75 percent, partly to offset economic damage from the conflict.

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.