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The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year. (Shutterstock)
September 18, 2018 - 10:59 GMT
The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year (March 21- August 22, 2018), director of Iran-Iraq Chamber of Commerce Yahya Al-e Es’haq told Mehr news agency in an interview published on Monday.
The country's budget revenues totaled 485.7 billion Turkish liras ($109 billion) in the first eight months of this year. (Shutterstock)
September 18, 2018 - 10:54 GMT
Turkey's central government budget balance posted a deficit of 50.8 billion Turkish liras ($11.4 billion) from January to August, the Treasury and Finance Ministry announced on Monday.
Official data showed that the number of unemployed persons age 15 years and over rose by around 64,000 on a yearly basis. (Shutterstock)
September 18, 2018 - 08:49 GMT
Turkey's unemployment rate remained unchanged at 10.2 percent this June, the country's statistical authority announced on Monday.
The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)
September 18, 2018 - 08:18 GMT
Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.
Makkah has a shopping mall supply of 140 sq m per 1,000 persons — significantly lower than other primary cities. (Shutterstock)
September 18, 2018 - 08:05 GMT
The holy city of Makkah is set to see a sharp increase in the number of retail malls and outlets to cater for a projected boom of pilgrims making the annual Hajj. They are expected to increase by more than 200 percent by 2030.
UAE recorded 13.6 per cent growth in corporate earnings compared to 9.8 per cent in 2017. (Shutterstock)
September 18, 2018 - 07:59 GMT
A remarkable 21.5 per cent jump in Dubai's corporate earnings year-to-date has propelled the GCC aggregate corporate earnings growth to 12.1 per cent, data released by a leading global financial group revealed on Monday.
The President's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators. (Shutterstock)
September 18, 2018 - 07:49 GMT
US President Donald Trump's administration will impose a 10 per cent tariff later this month on $200 billion worth of Chinese goods, increasing to 25 per cent at the end of the year, a move that will sharply escalate the American trade war with Beijing.
The visa will be provided to expat retirees over the age of 55 years for a period of five years under specific conditions. (Shutterstock)
September 17, 2018 - 11:43 GMT
Expats in the UAE will be allowed to stay back in the country for a "longer period of time" after retirement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced.
Predictions of Lebanon’s economic demise are not new. (AFP)
September 17, 2018 - 09:20 GMT
“Anything foreign holds greater worth.” That is a motto that truly applies to the Lebanese reaction to a recent article in the Economist foretelling the imminent downfall of the country’s sluggish economy.
Jordan is currently going through difficult conditions, and internal and external challenges, including an increase in unemployment rates. (AFP)
September 17, 2018 - 08:56 GMT
President of the Jordanian Engineers Association (JEA) Ahmad Zu’bi on Saturday announced the association’s rejection of the new income tax draft law in its current form.
Turkey is keen on buying natural gas from Iran with “reasonable price” in contrast to the price it pays for the gas imported from Russia and Azerbaijan. (Shutterstock)
September 17, 2018 - 08:51 GMT
Omid Shokri Kalehsar, a senior energy security analyst, told Mehr News that Turkey will continue to import natural gas from Iran despite US’ sanctions targeting Iran’s oil sector.
The All Shares Index, after a firm start, fell 4.68 points to 5,134.88 points. (Shutterstock)
September 17, 2018 - 08:41 GMT
Kuwait stocks sagged on Sunday as it opened the week on a dull note. The All Shares Index, after a firm start, fell 4.68 points to 5,134.88 points weighed by National Bank of Kuwait and Humansoft Holding even as the overall mood remained mixed.
In the report issued by the United Nations Development Program (UNDP), Oman has progressed four places, to be ranked 48th worldwide from its last year’s position of 52.
September 17, 2018 - 07:18 GMT
Oman has achieved the fifth place in the Arab world and the 48th place worldwide in the Human Development Index 2018 issued by the United Nations, thus advancing four places globally and one in the region from last year’s rankings.
Traditional Islamic scholarship raised objections to the basic concept of the industry, arguing that it contained elements of risk, gambling and usury that made it incompatible with the teachings of the Qur’an.
September 17, 2018 - 06:58 GMT
The insurance industry was slow to gain traction in the Kingdom in comparison to other financial sectors such as banking and equities trading, but Bassam Al-Bader believes that its time has now come.
EU powers are in talks over launching a payments channel that would enable European companies to trade with Iran. (Shutterstock)
September 16, 2018 - 09:09 GMT
EU powers are in talks over launching a payments channel that would enable European companies to trade with Iran as part of efforts to defy U.S. sanctions and keep alive a landmark nuclear deal with Tehran.
In the past month, 1.8 billion euro has been paid for importing basic goods including oil, meat, rice, medical equipment. (Shutterstock)
September 16, 2018 - 08:57 GMT
The Central Bank of Iran (CBI) has paid €3.2 billion to import basic goods during the past month, according to the central bank governor.