Economy & Trade

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In their efforts to satisfy their individualistic desires, Egyptians are happy to achieve the tiniest self-realisation at the cost of the country’s welfare.
Today
In principle, every citizen deserves a better life; why should people suffer if their lives can be improved?

July 14, 2013

Dubai Customs
10:51 GMT

Dubai Customs continues its efforts in facilitating trade activities of foodstuff during the holy Month of Ramadan.

Nearly 40 per cent of Egyptians live under poverty line
10:44 GMT

Egypt’s deteriorating economy was believed to be among the main reasons behind January 25, 2011 revolution which ousted former president Hosni Mubarak.

Aqaba Container Terminal
08:45 GMT
(press release)

Aqaba Container Terminal announced the release of its second sustainability report, titled, “The Most Sustainable Gateway to Jordan and Beyond”.

Ahmed Mahboob, Executive Director of Clients Management at Dubai Customs
06:34 GMT

In 4 separate seizures, Dubai Customs inspectors at Cargo Village foiled bids to smuggle a big quantity of heroin weighing 16.2 Kg.

July 11, 2013

Total value of goods imported to the Kingdom last year reached SR 587.8 billion
13:55 GMT

The Customs Department said yesterday that it made SR 22.25 billion in revenues last year, 13.5 percent more than the revenue of 2011.

Consequences from higher income taxes in Jordan
07:55 GMT

A recent study conducted by the Amman Chamber of Commerce showed that amending the income tax rate would threaten the business environment in the Kingdom.

July 10, 2013

The trade volume between Jordan and India has currently exceeded JD1 billion
15:55 GMT

Industry and Trade Minister Hatem Halawani on Tuesday held talks with India’s Minister of State for Chemicals and Fertilisers Srikanta Kumar Jena on ways to boost bilateral cooperation between the two countries.

The government has extended credit lines to industrialists and allowed limited currency transfers at a rate of about 200 pounds to the dollar
12:54 GMT

The Syrian government is cracking down on black-market currency exchange businesses and individuals.

The aid is a clear sign of shifting policies among the wealthy Gulf nations toward Egypt.
11:47 GMT

Saudi Arabia pledged $5 billion in grants and loans to Egypt's new government on Tuesday.

Screenshot of Google's Ramadan homepage
11:26 GMT

Google is one of several brands to announce special services for the Holy Month, with the unveiling of a dedicated “hub,” according to a statement by the internet giant issued today.

South Africa’s exports to the UAE primarily constitute agricultural products, machinery, automotive parts, gold, raw diamonds and financial services
09:28 GMT

The total bilateral trade between South Africa and the UAE is valued at approximately $3 billion (Dh11 billion).

July 9, 2013

Photo taken from Cloisall promotional website
10:58 GMT

Cloisall, a leading UAE-based interiors contractor operating in the mid-to high-end luxury space, has secured new fit-out projects worth Dh150 million ($41 million) across the emirates.

Photo used for illustrative purposes
10:42 GMT

Iran exported more than one million tons of oil products in the past Iranian calendar year, which ended on March 20

Photo used for illustrative purposes (Source: Wikimedia Commons)
10:32 GMT

Eight pest control companies in Dubai have been shut down recently for using banned pesticides at homes

Egyptian supporters of deposed president Mohamed Morsi (portrait) wave their national flag as they attend a rally in support of the former Islamist leader outside Cairo's Rabaa al-Adawiya mosque on July 8, 2013. (Source: AFP/ MAHMUD HAMS)
10:17 GMT

New York crude prices soared to a 14-month high during the weekend, as political tension in Egypt continued to shake confidence in consistent supplies from the Middle East.