Economy & Trade

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Flexible payment methods have facilitated this increase, upholds Zamzam, drawing attention to online payments and door-to-door donor collection facilities.
July 28, 2014 - 04:01 GMT
Egyptian charities, it seems, have not escaped the ramifications of the economic crisis triggered by the January 25 Revolution in 2011

July 25, 2013

Oil was the driver of the economy and source for dollars needed for imports
14:55 GMT

Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil flows in a row over alleged support for rebels, dealers said.

Foreign investments in Iran rose by 45 percent in the past Iranian calendar year, which ended on March 20, compared to its preceding year
07:55 GMT

Iran has approved $540 million worth of new foreign investment plans.

Dubai benchmark stock index closed 1.8 per cent lower at 2,515.45
06:36 GMT

UAE markets fell on Wednesday with Dubai's retreat led by real estate and mortgage provider stocks, as investors indulged in profit taking.

July 24, 2013

The price of vegetables and fruits has tripled during Ramadan
11:49 GMT

The price of vegetables and fruits has tripled during Ramadan. This happens yearly, as demand reportedly increases by up to 15 percent.

In Abu Dhabi, shares worth a total of Dh387.59 million were traded
09:42 GMT

The UAE share markets continued to rise on Tuesday in line with the improved global risk sentiments and in anticipation of strong fiscal second quarter earnings of locally-listed blue-chip companies.

July 23, 2013

Ministry of Interior has a work plan to deal with investors’ needs and to meet their requirements
09:55 GMT

Interior Minister met a delegation comprising representatives from the Iraqi Business Council and discussed ways to increase economic cooperation between the two countries.

July 22, 2013

Turkish decision to suspend the shipping lines with Egypt should not have any impact on other major lines
12:55 GMT

Turkey has decided to halt its navigational lines which transfer its exports to Saudi Arabia and other Gulf countries through Egypt due to financial constraints.

Egypt’s finances worsened in the first five months of 2013
07:55 GMT

Egypt’s central bank has received $2 billion in Saudi funds.

July 21, 2013

The Saudi Embassy in Jordan had to intervene by asking the authorities to facilitate the movement of Saudis stranded at border crossings
12:55 GMT

A worker’s strike on the Jordanian border has seen Saudi and other travelers, including truck drivers, delayed for hours.

Egypt fears the dam will reduce water flows vital for its 84 million people
11:58 GMT

Egypt said on Saturday it was very concerned that the Ethiopian government had not responded to an Egyptian invitation to discuss a dispute over a giant dam that Ethiopia plans to build on the Nile.

Hotel & Tourism continued a splendid performance among sectoral indices
10:55 GMT

Saudi Arabia’s benchmark stock index reflecting a 3-day fall during the week, closed at 7,667.07 points last week, trimming only 23.31 points or 0.30 percent for the entire week.

Iranian banks were disconnected from the global financial network, making payment transfers to or from Iran very difficult
09:55 GMT

Iran has not paid back any of its loans to the World Bank for more than six months, the bank said Thursday, a further sign of the strains on the sanctions-hit Iranian economy.

Abdul Aziz Bin Hathboor, Director of Consumer Protection at the Commercial Compliance & Consumer Protection
05:41 GMT

The Department of Economic Development saw consumer complaints rising to 5,438 during the first half of 2013.

July 18, 2013

Cyprus has agreed to cut its budget deficit to 2.4 percent of gross domestic product in 2016, from an estimated 5.9 percent this year
13:55 GMT

Cyprus’ international lenders began reviewing how the island is meeting the conditions of its 10 billion euro bailout Wednesday, looking to see whether it should get the next tranche of aid.

Ramadan Campaign
11:56 GMT
(press release)

Dubai Electricity and Water Authority has launched an awareness campaign during Ramadan to promote rational electricity consumption under the slogan, “This Ramadan, let your good deeds outweigh your consumption.