Economy & Trade

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Asia and Turkey will also remain the most important trade partners of the UAE in terms of imports.
September 17, 2014 - 15:55 GMT
The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.

August 14, 2014

Upon the recommendation of Transport Minister Lina Shbeeb, the Cabinet also approved the draft agreement between the governments of Jordan and India on marine transport cooperation.
12:37 GMT

The Cabinet on Wednesday approved several recommendations and projects at a meeting chaired by Prime Minister Abdullah Ensour.

August 13, 2014

Egyptian guest workers represent the majority of the 108 nationalities working in the Kingdom, constituting 62 per cent of the total number of guest workers.
21:09 GMT

The Jordanian side presented a briefing on efforts to regulate the labour market and rectify the statuses of guest workers.

Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country.
20:52 GMT

In the previous 2013/14 marketing year, Russia supplied 3.6 million tonnes of wheat to Egypt.

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.