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The World Bank announced Saturday a $300 million loan to Egypt for complementing the current ‘’Sustainable Rural Sanitation Services Program’’. (Shutterstock)
September 24, 2018 - 11:10 GMT
The World Bank (WB) announced Saturday a $300 million loan to Egypt for complementing the current ‘’Sustainable Rural Sanitation Services Program’’ to support the expansion of the government’s efforts to improve rural sanitation services in Egypt’s poorest governorates.
The drop in sales can be attributed to several factors, such as high inflation, political instability in the country. (Shutterstock)
September 24, 2018 - 10:57 GMT
One of the clearly visible indications of economic stagnation in Lebanon is the hundreds of discount signs on windows of shops and stores in some of Beirut’s famous shopping streets.
By speeding up the transfer of data regarding workers found violating the Omani Labour Laws, the link will also cut costs and efforts to resolve such disputes. (Shutterstock)
September 24, 2018 - 10:50 GMT
In an attempt to speed up resolution of labour dispute cases, an electronic link between the Ministry of Manpower (MoM) and the Public Prosecution was launched on Sunday.
The move is meant to reverse a sharp drop in gold miner shares. (Shutterstock)
September 24, 2018 - 08:19 GMT
Naguib Sawiris’ La Mancha Group and a number of other investors have joined New York-based hedge fund Paulson & Co. on an initiative that means to “promote constructive engagement between the gold mining industry and the investment community,”.
he Iranian minister expressed hope Sunday’s meeting of the OPEC and non-OPEC monitoring committee in Algeria would not be impacted by Trump’s threat. (Shutterstock)
September 24, 2018 - 08:12 GMT
Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.
Over the past year, pension fund investments have reached QR90 billion. (Shutterstock)
September 24, 2018 - 08:04 GMT
Qatar is proceeding with the development of investment policies to achieve the highest growth rates of pension funds, taking into account the risks that they can face in the medium and long term, Minister of Finance HE Ali Shareef al Emadi has said.
Visitors at Russian companies' pavilions at the Damascus International Fair. (AFP)
September 24, 2018 - 07:54 GMT
Russia is working relentlessly to push against Iran tapping into Syria’s reconstruction projects, as the two compete for securing the largest share of investment contracts in the war-torn country.
on Friday that the Cabinet's decision to exempt and reduce the sales tax on a number of food items and the agricultural sector, went into effect. (Shutterstock)
September 24, 2018 - 07:48 GMT
Minister of Finance Ezzeddine Kanakrieh announced on Friday that the Cabinet's decision to exempt and reduce the sales tax on a number of food items and the agricultural sector, went into effect as of Friday.
In Tir, from the total of $10.66 billion of foreign debt, $6.72 billion was interim debt and $3.94 billion was long-term debt. (Shutterstock)
September 24, 2018 - 07:43 GMT
Iran’s debts to foreign lenders in the end of the fourth Iranian month of Tir (July 22, 2018) stood at $10.66 billion, showing 5.6 percent decrease in comparison with announced figure in the first Iranian calendar month of Farvardin (March 21- April 20, 2018).
Turkey is eager to use local currencies in bilateral trade deals to counter attacks by the U.S. (Shutterstock)
September 24, 2018 - 07:33 GMT
Turkey is eager to use local currencies in bilateral trade deals to counter attacks by the U.S., Turkey’s foreign minister said late Friday.
Remittances from Kuwait fell by 20.4 percent despite the resumption of OFW deployment last May. (Shutterstock)
September 24, 2018 - 07:18 GMT
Cash remittance from Filipino workers (OFW), particularly those in the Middle East, saw a steep decline from January to July this year, figures from the Central Bank of the Philippines (BSP) show.
Blockchain is one of the most promising of these technologies, attracting more investments every year. (Shutterstock)
September 24, 2018 - 07:04 GMT
The Smart Dubai Office (SDO) has launched the ‘Payment Reconciliation and Settlement’ System, developed in collaboration with the Dubai Department of Finance as a Blockchain-powered upgrade to its financial system.
DP World confirmed last week it will continue to pursue all legal means to defend its rights as shareholder and concessionaire in the Doraleh Container Terminal. (File/ Photo)
September 24, 2018 - 06:58 GMT
The High Court of England and Wales in London has continued the injunction prohibiting the Government of Djibouti's port company, Port de Djibouti SA from interfering with the management of the joint venture company, Doraleh Container Terminal SA.
Trade and economic relations between the UAE and Saudi Arabia are the largest among the GCC countries. (Shutterstock)
September 24, 2018 - 06:50 GMT
The UAE and Saudi Arabia can look forward to stronger relations in key areas of business across various sectors, with economic analysts predicting that integrating the two economies will create an economic entity with a GDP of around $1.1 trillion.
The volume of Qatar-US bilateral trade reached around QR21 billion in 2017. (Shutterstock)
September 23, 2018 - 09:00 GMT
Minister of Economy and Commerce HE Sheikh Ahmed bin Jassim bin Mohammed al Thani met with West Virginia Governor Jim Justice and other senior US officials and discussed means of promoting economic, trade and investment cooperation between Qatar and US, the ministry said in a statement on Saturday.
Discussions covered Jordan’s ties and partnership with the WEF. (Shutterstock)
September 23, 2018 - 08:50 GMT
His Majesty King Abdullah on Friday met with World Economic Forum (WEF) founder and Executive Chairman Professor Klaus Schwab and Mrs Schwab on the sidelines of His Majesty’s participation in the 73rd Session of the United Nations General Assembly.