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.

June 25, 2014

Economic researcher at Stanford University Amro Adly said that the establishment of a fund to collect donations is a “populist measure” that falls short of an economic solution/
11:50 GMT

Governor of the Central Bank announced the opening of a new bank account under the number 037037, a reference to the date on which President Abdel Fattah Al-Sisi declared the ouster of former president Mohamed Morsi.

Social Development Ministry Secretary General Omar Hamzah made the announcement on Tuesday during a visit by Prime Minister Abdullah Ensour to the ministry.
11:30 GMT

The Ministry of Social Development has started preparations to distribute JD100 in cash assistance to identified underprivileged families, under a Royal makruma, as the fasting month of Ramadan approaches.

The smuggler and  seized narcotics
09:48 GMT

Dubai Customs’ officers at Dubai International Terminal 3 foiled an attempt to smuggle 24 Kg of heroin concealed in secret pockets at the bottom of baggage suitcases belonging to an Asian passenger.

Aqaba Container Terminal
09:22 GMT
(press release)

Aqaba Container Terminal (ACT) recently announced the publication of its third sustainability report under the heading “Sustainable Gateway to Jordan and Beyond,”.

Ibrahim Al Janahi presenting memento to HE Mohamed Saeed, Minister for Economic Development, Maldives
07:23 GMT

A three member Maldivian delegation led by His Excellency Mohamed Saeed, Minister for Economic Development, Republic of Maldives, visited Jebel Ali Free Zone last week to seek economic cooperation between Maldives and Jafza.

June 22, 2014

The funds are the first tranche of some $1.5 billion in mostly military aid which has been frozen since October amid US administration demands that the Egyptian government introduce democratic reforms.
21:18 GMT

"The Apaches will come, and they'll come very very soon," Kerry said in response to a reporter's question on whether the halt of deliveries expressed US antagonism to Egyptian authorities.

The banking sector is in good health, and the performance of the challenged Islamic retail banks has improved marginally.
14:23 GMT

The IMF says Bahrain’s fiscal deficit has continued on a rising trend in 2013, although by less than budgeted.

HE Jassim Al Zaabi and the Customs Authorities delegation in the Airport Operations Department at DXB
11:41 GMT

Dubai Customs received a delegation comprising representatives from federal Customs and free-zones authorities.

June 19, 2014

The data puts Israel in good company, with France, Belgium, and Australia, and in far better shape than Eastern European countries where the non-observable economy (NOE) is 10-15% of GDP.
16:42 GMT

The OECD estimates Israel's black economy at NIS 70 billion in 2012.

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs
05:25 GMT

Dubai Customs has announced the launch of its services via smart watches, to keep up with the latest developments in the area of smart services delivery, offering more user-friendly and better accessible services.

Turkey stood 45 percent below the average for EU member states in terms of gross domestic product (GDP) per person, a comparison Eurostat makes using the purchasing power standard (PPS).
04:55 GMT

The statistics also revealed that a product bought for 100 euros in EU countries can be purchased in Turkey for the equivalent of 58 euros.

June 18, 2014

German defence group Rheinmetall is set to sign a 2.7 billion euro ($3.7 billion) deal in the coming weeks for the production of 980 Fuchs 2 military vehicles for Algeria.
21:28 GMT

Germany said this month it would adopt a more cautious approach towards arms exports after a 24 per cent surge last year fuelled a domestic debate on military sales.

"Payment difficulties do come up and it is not a straightforward place to trade with, but deals to Iran are still being done," another European grains trade source said.
14:22 GMT

Iran is not barred from buying food or other goods for humanitarian purposes under sanctions imposed over Tehran's pursuit of nuclear technology.

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
14:15 GMT

Borrowers dropped to 28%, says Department of Economic Development

During the event
12:05 GMT

Dubai Chamber of Commerce and Industry hosted its 2nd quarterly Business Councils and Business Groups round table meeting at its Jebel Ali Branch recently.