Economy & Trade
July 25, 2013
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.
Iran has approved $540 million worth of new foreign investment plans.
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. This happens yearly, as demand reportedly increases by up to 15 percent.
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
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
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 central bank has received $2 billion in Saudi funds.
July 21, 2013
A worker’s strike on the Jordanian border has seen Saudi and other travelers, including truck drivers, delayed for hours.
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.
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.
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.
The Department of Economic Development saw consumer complaints rising to 5,438 during the first half of 2013.
July 18, 2013
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.
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.