Economy & Trade

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The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
July 24, 2014 - 10:22 GMT
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)

July 3, 2013

Empty tables are seen in a restaurant on the Beirut's corniche, with a sea view of the capital's landmark Pigeon's Rock, which was once crowded by tourists mainly from the Gulf states at this time of the year (Source: AFP/JOSEPH EID)
09:40 GMT

Political unrest stalls the Lebanese market, which has not contracted since 1989

Chef Middle East serves over 1,000 customers in the UAE, Qatar, and Oman. (Photo source: promotional website)
07:01 GMT

Abu Dhabi’s leading investment firm Gulf Capital has acquired Chef Middle East, an importer and distributor of specialty and fine food products.

July 2, 2013

(Promotional photograph)
10:36 GMT

The Zoom has 16MP CMOS Sensor, OIS and Xenon Flash with the very latest Samsung Galaxy S4 technology

A.T. Kearney FDICI is a regular measure of senior executive sentiment at the world's largest companies (Photo Source: Wikimedia/Continentalis)
08:59 GMT

According to this year's A.T. Kearney Global Foreign Direct Investment Confidence Index, the playing field is becoming leveled between developing and developed nations.

Photos from scenic destinations of Fars province, Iran (Source: Wikimedia)
08:16 GMT

Despite a diminishing reputation on the geopolitical stage, Iran manages to draw $8 billion in tourism

National Industrialization Company factory (Source: TASNEE official website)
06:47 GMT

The Kingdom's production of plastic reached over 1.7 million tons last year

July 1, 2013

Egyptian protesters walk past graffiti against President Mohamed Morsi on the wall of the presidential palace in Cairo on July 1, 2013. (Source: AFP/GIANLUIGI GUERCIA)
11:41 GMT

Experts say the IMF loan Egypt is pursuing will hurt women and those in poverty

Iraq is Iran’s main trading partner for non-oil goods (Source: Wikimedia/Izzedine)
11:01 GMT

After negotiations following Iraq's announcement to discontinue cement imports from Iran, the deal is back on the table

Saudi Arabia is the number one oil producer in the world
10:02 GMT

Still, to cope for summer heat and Ramadan traffic, Saud Arabia will have to import diesel fuel

During the event
09:52 GMT

Dubai Customs held a seminar titled “Art of Personal Financial Management” presented by Salah S. AL-Halyan, the consultant and financial planning expert.

Bahrain has a population of 1.3 million people and an economy worth $30 billion
09:31 GMT

After pro-democracy protests were crushed in 2011, and the economy plummeted thereafter, Bahrain may now be getting back on track

GECF meeting in Doha, June, 2013
08:31 GMT

The GECF members in their ministerial meeting in Moscow on Saturday unanimously voted Iran to host the third summit.

During the event
07:18 GMT

Department of Municipal Affairs (DMA) organized three training courses entitled "Excellence in Customer Service" attended by the concerned customer service employees in the municipalities of the Emirate.

June 30, 2013

A Cargolux airplane delivers a shipment (Source: Wikimedia)
14:46 GMT

The cargo shipment airline makes Muscat its 79th destination

Photo used for illustrative purposes (Source: Wikimedia)
14:35 GMT

A number of fraud cases have recently been dealt with by Omani police, among them foreign swindlers selling sand as gold