Economy & Trade

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However food waste is not unique to Saudi Arabia, low income and developed countries face problems in waste.
July 9, 2014 - 18:47 GMT
Saudi Arabia is the world’s top food importer, and also rated as one of the worst wasters.

April 29, 2014

Iran’s former foreign minister also said that French parliamentary delegation also agreed to ease monetary and banking restrictions on trade with Iran.
03:55 GMT

The advisor to the Leader and the head of Expediency Discernment Council Strategic Research Center says French delegation agrees on easing trade restrictions on Iran.

Stressing that the Kingdom was no longer in the economic danger zone, he mentioned that foreign currency reserves went up from $6.6 billion in 2012 to around $12 billion at the end of last year and that the remittances of expatriates have gone up noticeably.
01:13 GMT

The premier expressed appreciation of all the countries that supported the Kingdom during the difficult conditions, especially those related to the Syrian crisis.

April 28, 2014

DP World
08:21 GMT

DP World Limited will today hold its Annual General Meeting for the year ended 31 December 2013.

During the event
05:25 GMT

Dubai Customs yesterday celebrated the World Intellectual Property Day.

Cohen says, that, over the past five years, Israel has been expanding trade attaché offices in Asia and Africa at the expense of its presence in Europe, and that this trend will continue in the coming years.
03:55 GMT

For the first time, in 2014, Israeli exports with Asia will exceed trade with the US, pushing it from second to third place (behind the EU).

April 27, 2014

Bahrain has also been in the process of implementing reforms for expatriate worker rights (File Archive/AFP)
10:35 GMT

Employers that are caught hiring illegal workers will now be blacklisted in Bahrain under Manama's new policy.

Ahmed Abdul Salam Kazim, Senior Director of Strategy and Corporate Excellence at Dubai Customs
06:16 GMT

Dubai Customs’ award-winning Suggestions System has crowned its well-established record of decorations over the past years with 10 more awards and certifications.

The meeting focused on the economic policy issues of the two sides, exploring trade opportunities and boosting of trade ties between them.
02:09 GMT

The 5th UAE-US Economic Policy Dialogue, attended by government representatives of both countries, has concluded in Abu Dhabi.

April 26, 2014

Congress passed a bill in January allocating $1.3bn in military aid to Egypt under certain conditions
02:02 GMT

Stipulations set for the entire aid package outlined that Egypt must maintain its strategic relationship with the US and fulfil its obligations under the peace treaty with Israel.

April 23, 2014

The evening was aimed at creating opportunities for attendees to donate money towards the noble cause of funding kindergartens and pre-school facilities for kids within less fortunate communities in Aqaba
17:04 GMT
(press release)

Aqaba Container Terminal recently held a charity dinner in collaboration with the Aqaba Intercontinental Hotel.

Israel's economy minister Naftali Bennet said the Jewish state will take steps towards a free trade agreement with India and China (File/AFP)
13:49 GMT

Asian countries including the world's fastest growing superpowers, India and China will overtake America's position as the biggest exporters to Israel in 2014.

The move will also create over 10,000 new jobs according to the Industry and Commerce Ministry (File/AFP)
12:08 GMT

Companies from across the globe are set to invest $1.8 billion at the Bahrain International Investment Park, with 58 new projects already in the pipeline, providing over 3,500 people with jobs.

Coming as part of Dubai Chamber’s initiative of highlighting and exploring upcoming economies of the world for its members
05:30 GMT

Dubai Chamber of Commerce and Industry issued four studies compiled by the Economist Intelligence Unit (EIU) on Mexico, Brazil, Chile and Argentina.

Earlier this month, Egypt's cabinet approved a new investment law that includes a clause preventing third parties from challenging contracts made between the government and investors
03:55 GMT

Egypt’s government has faced 37 cases worth LE100 billion ($14.3 billion) brought by investors in both international and domestic arbitration centres in the three years since the 2011 uprising,

In order to incentivise more Jordanian companies to join the programme, Jordan Customs is introducing new mechanisms that include revised and less stringent requirements and more benefits.
03:55 GMT

“This revised form will enable Jordanian trading companies to strengthen their competitive edge in both domestic and international markets,” the statement said.