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January 6, 2015

"Market prices of cotton are currently low; without the subsidy, farmers will not be able to sustain the cost of planting cotton," he concluded.
15:39 GMT
The Egyptian government has decided to no longer subsidise farmers planting cotton effective the upcoming growing season.
Yet that hope is based largely on quarterly company reports from several months ago, when drillers last made their hedging portfolios public.
01:26 GMT
OPEC’s biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices – hedges.

January 5, 2015

The study outlines a few challenges that are hindering the GCC’s ability to emerge as a meetings destination.
14:22 GMT
GCC countries are in an excellent position to become a global meetings hub because of their growing trade activity.
A key point in any agreement would be the lifting of wide-ranging sanctions -- imposed on Iran as punishment for its atomic activities.
04:55 GMT
Speaking at an economic conference in Tehran, he said the Islamic republic would not give up its principles but it would be better placed to conclusively emerge from recession if it opened up

January 4, 2015

Analysts believe the move could lead to over 1 million barrels of ultra-light US crude entering the global markets.
16:05 GMT
Oil markets plunged further — sinking below $53, a level last seen during the Great Recession —as sun was setting on 2014.
Al-Sisi targeted a 7% gross domestic product (GDP) by FY 2017/2018.
10:38 GMT
President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election.

January 1, 2015

Recent solid data has reinforced the view that the US economy is improving enough for the Federal Reserve to consider raising interest rates in mid-2015.
12:06 GMT
The dollar was on track Thursday to end 2014 with a gain of 12 per cent against a basket of major currencies.
The question is, who is responsible for the price war that has led to the collapse in prices over the past two months?
11:58 GMT
To pin the current price slide on any one party is detrimental to finding solutions

December 31, 2014

Meanwhile, Qatar was the only GCC country where prices for food and beverages decreased in October 2014 by 0.6 percent,  compared to October 2013.
17:56 GMT
Inflation rates across the Gulf Cooperation Council (GCC) region ranged between 1.02 percent and 3.11 percent in October 2014.
They are more likely to be concerned about taking on too much debt, worry endlessly about balancing their daily expenses, and likely to put off buying property.
17:37 GMT
The “millennials” — the 25-34 year olds and the favoured demographic of marketers — in the Gulf seem to have far weightier things on their mind than their counterparts elsewhere.

December 30, 2014

In İstanbul, many students from first to fourth grade could not even start the educational year due to the shortage of teachers.
15:47 GMT
Some 5.5 million students started the 2014-2015 school year on Sept. 17 across Turkey, exposing a string of problems stemming from a shortage of teachers, to overcrowded classrooms and the failure to appoint principals, as well as uncertainties concerning enrollment.
If Brent goes to $40, let alone $20, I assure Mr Ali Al Naimi that the financial consequences for Saudi Arabia will not be “irrelevant”.
14:00 GMT
The crude oil market was the black swan event of 2014
Many of those employed are paid less than the minimum wage, which is JD190 per month, Phenix Centre Director Ahmad Awad said.
04:55 GMT
People with disabilities in Jordan face difficulties in finding jobs, while those who are employed work under difficult conditions.

December 29, 2014

More young people opted to work for software firms, airlines and consumer companies over banks in the UAE. (AFP/File)
13:57 GMT
While airlines, software firms and consumer companies led the way for young business graduates as a career path, the banking sector lagged behind, according to a 2014 survey.
With its 20th anniversary, shoppers are being offered great deals, discounts and ‘A Million Reasons to Shop’ during the 32-day fete.
13:20 GMT
With its 20th anniversary, shoppers are being offered great deals, discounts and ‘A Million Reasons to Shop’ during the 32-day fete.