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.

July 30, 2013

GCC nations are dependent on imported machinery, raw materials and labour - could lead to lower net profit margins in the industry
08:55 GMT

The GCC contracting industry is witnessing strong growth, which is projected to increase further in the years to come, according to a research report.

July 29, 2013

Oman Projects Forum 2013 presents a detailed overview of the sultanate’s economy
13:55 GMT

Oman is set to see $65 billion worth of turnkey projects awarded between now and 2017, doubling the combined value of projects awarded in the Sultanate in the last five years.

Long-term maturity period loan carries a low interest rate than other international financial institutions
10:55 GMT

Jordan and the World Bank on Sunday signed a $150 million loan agreement to assist the Kingdom with the economic burdens put upon it by hosting hundreds of thousands of Syrian refugees.

July 28, 2013

UAE Humanitarian Day
10:58 GMT
(press release)

Ministry of Finance organised a series of charitable activities and community events in its Abu Dhabi and Dubai premises.

The Department of Economic Development
06:26 GMT

The Department of Economic Development (DED) in Dubai has announced the closure of its Bani Yas branch and has urged customers to use the smart phone App.

July 25, 2013

Sudan's oil was the driver of the economy and source for dollars needed for imports
15:55 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.

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.