Economy & Trade

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According to the survey, 15 percent of the Turkish population lived under the poverty line in 2013, while 13 percent was considered “continuously poor.”
September 22, 2014 - 20:06 GMT
Of the total population, 78.5 percent reported not being able to take a one-week vacation away from home due to financial constraints.

August 22, 2013

Expatriates’ remittances went up at the end of July by 2.6 per cent to $2.16 billion,
08:35 GMT

The drop was attributed to a decline in the number of tourists seeking therapeutic services in the past few months and the drop of tourists in general in July, 2013.

August 21, 2013

UAE-based importers of Indian products are reaping the benefits of the falling value of the rupee.
14:41 GMT

"Is someone playing foul? I do not know. But this is strange.”

The European Commission has approved €20 million to go to Algeria.
12:32 GMT

The program comes in the framework of the Programme for the Support for Partnership, reforms and Inclusive Growth (SPRING).

This is while the Statistical Center of Iran had put the figure at 33.9 percent, according to the Fars News Agency.
12:27 GMT

€“ The Central Bank of Iran has announced that the inflation rate for the 12-month period ended the fourth Iranian calendar month of Tir (July 22, 2013) compared to the same period in the previous year hit 37.5 percent.

According to the law, the percentage should be reviewed every two years, and it can be decreased, increased, or left untouched depending on the economic situation.
12:06 GMT

"Kuwaitization" was created by the government a few years ago to encourage Kuwaitis to work in the private sector as there were no available vacancies in the public sector for fresh graduates

Argentine Vice President, His Excellency Amado Boudou with Mohammed Sharaf, Group Chief Executive Officer, DP World, during the visit of a high level delegation from Argentina to DP World Headquarters in Jebel Ali
11:47 GMT

A high level delegation from Argentina led by the Vice President, His Excellency Amado Boudou, today visited DP World headquarters in Jebel Ali.

Hisham Ramez, Chairman of Egypt’s Central Bank, described the state of Egypt’s foreign currency serves as “reassuring”.
11:18 GMT

The government says it has put the final touches on the country's economic roadmap.

Dubai Electricity and Water Authority
05:50 GMT
(press release)

Dubai Electricity and Water Authority has issued a request for tenders for the new clean coal power plant, as part of its efforts to diversify Dubai’s energy mix, and use new sources to generate electricity.

August 20, 2013

The most attractive industries in the Kingdom are perceived to be construction (42 percent), telecommunications (33 percent), and banking and finance (32 percent).
16:07 GMT

More than half of the companies in the Middle East and North Africa (MENA) are considering hiring in the next 3 months.

The proposed bank, Ensour added, would not accept deposits in order not to compete with commercial banks in the Kingdom.
15:02 GMT

Planning and International Cooperation Minister Ibrahim Saif noted that the World Bank had extended a $70-million soft loan to Jordan earlier this year to finance SMEs, adding the funds are currently deposited at the Central Bank of Jordan.

This brings to an end three consecutive years of declining FDI flows to the region since the pre-financial crisis peak of $61.7 billion in 2008, said NBK in an economic update.
13:27 GMT

The GCC’s positive performance is further accentuated when placed in the context of developing economy and world FDI flows, both of which declined in 2012.

Dubai Chamber of Commerce and Industry
12:15 GMT

Dubai Chamber of Commerce and Industry in partnership with National Transport Authority organised a workshop on Land Transport Law and its by-laws at its head office.

Total state spending came in slightly below the initial plan of 178.6 billion riyals for the fiscal year that ended in March.
07:33 GMT

This is the first time that the government’s annual spending undershot its budget plan since 1990 – a sign of the difficulties which Qatar is having in pushing forward huge and complex infrastructure projects.

August 19, 2013

Department of Economic Development
11:58 GMT

Department of Economic Development has set up an External Relations section as part of reaching out to potential investors and enabling them to set up and expand their businesses in Dubai.

Department of Municipal Affairs
10:21 GMT

A Municipal delegation headed by Mr. Mohamed Hareb Al Ketbi paid a visit to the Municipality of Dubai during which he was briefed on land classification system in the emirate.