Economy & Trade

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“The most important concerns for Tunisia today are security and the economy”.
October 29, 2014 - 20:43 GMT
In Tunisia, however, millions cast their ballots today in the second democratic elections in the country’s history.

September 23, 2013

Saudi Arabia and the United Arab Emirates are expected to lead the way for GCC growth
10:20 GMT

The economic growth of Gulf Cooperation Council (GCC) countries is expected to slow down to 4 per cent this year, according to Euler Hermes.

Fraud is one of the most significant systemic risks faced by financial and other institutions globally,
07:29 GMT

A typical organisation loses five per cent of its revenues to fraud each year which roughly translates to a global fraud loss of more than $3.5 trillion.

September 22, 2013

The Sudanese justice minister, Mohamed Bishara Dousa, said that the United States economic sanctions imposed on Sudan have seriously affected lives of the Sudanese people.
14:19 GMT

Sudan has been under the US blacklist of states sponsoring terrorism since 1993 on allegations of harbouring Islamist militants despite reports of Sudan being a cooperative intelligence partner of Washington in the "war on terror".

International Standard Banking Practices Seminar
10:46 GMT

Dubai Chamber of Commerce and Industry organised a seminar on the latest International Standard Banking Practices at its headquarters today as part of its efforts to update and inform the business community on the latest business practices.

The spending has also received support from steady employment growth, especially among Kuwaiti civilians (Photo credit: tradearabia).
09:28 GMT

Employment growth was relatively steady, in particular among Kuwaiti nationals and skilled expats. The latter two groups are crucial to the consumption sector, said the NBK in its report.

The suspected passenger
06:07 GMT

Dubai Customs inspectors of airport operations foiled a smuggling attempt of more than 830 grams of the narcotic heroin through Dubai Airport.

September 19, 2013

In Beirut and Mount Lebanon, trade has declined by 15 percent in 2012
14:55 GMT

Commercial activity across Lebanon has declined by between 15 and 70 percent, parliamentarians said Wednesday, warning that the decrease in trade was forcing many businesses to close.

In 2011, private sector workers were promised an ‘emergency allowance’ if their pre-tax salary, not their take-home salary, failed to reach the LE700 minimum.
10:37 GMT

"Social equality is not only related to increases in pay; social justice is to provide job opportunities for people," Eissa elaborated.

Syrian annual inflation rate hit 68% in May 2013 while prices continue to rise; announced the Syrian central bureau of statistics website on Wednesday.
10:13 GMT

Importing would strain an economy that is already crippled by international sanctions; falling currency value and decaying hard currency reserves.

Saudi Arabia is offering $1 trillion worth of investment opportunities.
08:02 GMT

“The size of the Saudi economy has quadrupled during the last 10 years to rank first among countries of the region and 19th at the global level,” said Abdullatif Al-Othman, governor of Saudi Arabian General Investment Authority (SAGIA).

September 18, 2013

The budget deficit up to June of this year reached 28.1 percent of spending
10:40 GMT

Lebanon’s budget deficit in the first six months of this year continued to rise amid falling revenues and increasing expenditures, the Finance Ministry said Tuesday.

September 17, 2013

Investment opportunities between Kuwait and India
15:55 GMT

Kuwait is keen on bolstering relations and exchange with all Indian states, and values its relationship with India, the Kuwaiti Ambassador to India Sami AlSulaiman has said.

Al Khonji fears that in the event of shortage of staff and inability to hire expensive Omani manpower, some of the smaller businesses will be left with no choice but to close down.
13:16 GMT

In an effort to create more job opportunities for the nationals, the Omani government has changed visa regulations, under which only those expatriates earning more than 600 riyals per month will be eligible to bring their wives and children.

Saed Al Awadi, Chief Executive Officer of Dubai Exports
10:28 GMT

Dubai Exports has taken 20 UAE companies from the food and beverages and related sectors to the 22nd WorldFood Moscow.

However, expectations for the future are high in the region with almost half of the survey’s respondents expecting their personal financial situation to improve in six months (Pictured: an empty shopping scene in Beirut).
07:09 GMT

Some 60 percent of Lebanese say that their savings decreased over the past year while eight out of 10 people report their personal financial situation worsened or remained the same, a survey published Sunday has suggested.