Economy & Trade

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During the first 10 months of this year Jordan exported 822,000 tonnes of fruit and vegetables
December 24, 2014 - 06:02 GMT
The country’s fruit and vegetable exports during this year increased by 7 per cent, while its sheep exports increased by 15 per cent compared to last year.

November 6, 2013

Dubai Customs
08:00 GMT

Dubai has supported its position on the global map of automotive markets, through increasing growth in the value of its foreign trade in motor vehicles.

November 5, 2013

Anticipating the sweeps, hundreds of business owners shuttered their shops. In addition, commercial activity at the Jeddah Islamic Port dropped and food prices spiked.
12:36 GMT

Workers in unskilled positions, part-time office workers under the sponsorship of their parents and international schoolteachers have been particularly hard hit.

Dubai Customs
04:40 GMT

The Dubai Customs Training Center inaugurated a new training course specialized in gold and jewelry valuation.

November 4, 2013

Violators will be lodged in regular prisons, which fall under the jurisdiction of the Prisons Department.
14:40 GMT

With the amnesty period ending today, Saudi Arabia is now officially criminalizing those looking to make a living.

Saudi Arabia will begin inspection raids on Monday for expatriate workers in the country without labor or residency status (Courtesy of Gulf Business)
09:28 GMT

Saudi Arabia will begin deporting migrant workers without correct visa and residency status Monday.

November 3, 2013

Saudi Arabia ranks tenth lowest poverty rate globally according to the recent World Bank poverty report, but measuring poverty is often done in absolute rather than relative terms (Shutterstock)
06:47 GMT

A World Bank report ranks Saudi Arabia as having the tenth lowest poverty rate worldwide.

Many US refineries are old and configured only to process oil crudes from sources in the Middle East (Courtesy of CNN)
06:27 GMT

US demand for crude oil from the Middle East is projected to remain the same in the future since many US refineries are only designed to process crudes from the Mideast region.

October 31, 2013

According to the statement, Valeo, which currently includes 580 Egyptian specialised engineers, is to hire 150 engineers annually over the next three years.
13:49 GMT

“Valeo’s decision to expand its business in Egypt reflects the trust of international companies in [Egypt’s capabilities in] serving their clients worldwide," said the minister.

Khalid Bin Kalban, Managing Director and CEO of Dubai Investments
10:58 GMT

Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market [DFM], has announced net profit of AED 161 million in the third quarter of 2013, a 98% increase compared to the AED 81.4 million profit in the third quarter of 2012.

According to the complaint the laborers work for between 12 and 16 hours daily and they are not paid overtime money.
10:46 GMT

The embassy official noted about 1,800 Ethiopian laborers face deportation or can even lose their jobs for demanding their rights.

industrial cities in Bahrain have helped in attracting foreign investments and achieving concrete growth throughout the last five years (Courtesy of Arabian Business)
07:20 GMT

Inflows of foreign direct investment into Bahrain reached a tumultuous $891 million last year, representing a fourteen percent increase from 2011's $781 million figure.

WIEF's decision to host the 10th round of the forum in Dubai is a positive sign that global markets look at UAE's biggest city as a hub for Islamic economy activities (Courtesy of WIEF)
06:19 GMT

Dubai has been selected to host the 10th session of the World Islamic Economic Forum in 2014, representing one of the largest gatherings to share knowledge and best practices in Islamic economy.

October 30, 2013

H.E. Ahmed Butti Ahmed presents Dubai Customs’ shield to the Director of RILO ME
11:07 GMT

His Excellency Ahmed Butti Ahmed Director General of Dubai Customs, received the Director of the Regional Intelligence Liaison Office in the Middle East (RILO) of Riyadh, Mr. Faisal bin Saud Al Mujaish.

Participants at the workshop
08:28 GMT
(press release)

The General Directorate of Customs- Abu Dhabi participated in a workshop entitled “Detection of smuggling of nuclear and radioactive materials”.

October 29, 2013

In its program, the government said that it was not possible to continue with the current generous welfare system and there is a need to review subsidies and charges on public services.
10:14 GMT

The government dropped a bombshell with its program that explicitly told Kuwaitis that cheap or free services are things of the past.