Friday 15 December 2017 \

 

Economy

Russia, Egypt looking to create a free trade zone - Putin

Source : RT / 13 Aug 2014

Egypt and the countries of the Customs Union are looking into creating a free trade zone, Russian President Vladimir Putin said after meeting with his Egyptian counterpart Abdel Fattah al-Sisi at the Black Sea city of Sochi.

 

Middle East economies need to grow 6.5% in seven years to reduce unemployment

Source : Middle East Monitor / 11 Aug 2014

The Middle East and North Africa (MENA) region needs to grow at 6.5 per cent annually in order to provide 30 million jobs over seven years in the period between 2014 and 2020, so as to reduce the high unemployment rates in the region.

 

Denmark set to Lose Millions following Halal Slaughter Ban

Source : Halal Focus / 08 Aug 2014

Denmark is likely to lose millions of dollars in trade and tourism revenues following its ban recently on slaughtering animals in accordance with Islamic standards. Halal (Islamically slaughtered) beef and poultry products are imported in large quantities by Saudi Arabia and neighboring Gulf countries. In fact, around 55 percent of Danish exports to the Kingdom are food-based.

 

Umrah provides $1.6b boost to Saudi economy

Source : Saudi Gazette / 07 Aug 2014

The head of the transportation committee at the Makkah Chamber of Commerce and Industry said this year's Umrah season has provided a $1.6 billion boost to the local economy.

Saad Al-Qurashi told Al-Watan daily that this figure includes accommodation, transport and food services.

 

Muslim visitors to Japan forecast to hit million by 2020

Source : AFP / 02 Aug 2014

Muslim visitors to Japan are expected to reach one million a year by 2020, triple the 2013 level, as it further opens up to tourists, a specialist travel firm said Friday.

Singapore-based CrescentRating, which promotes "halal" or Islam-compliant travel, said Southeast Asia would be a key source for Muslim tourists after Tokyo eased visa requirements.

 

Russia sanctions, Iraq conflict slow Turkish exports

Source : Hurriyet Daily News / 01 Jul 2014

Turkey’s exports were $12.54 billion in July, remaining flat compared to the same month of last year, the Turkish Exporters’ Assembly has said, as political fallout and the Iraq conflict have taken their toll on the country’s trading partners.

 

Lebanon's tourism sector shows signs of blooming

Source : Daily Star / 22 Jul 2014

The Tourism Ministry said Tuesday that the number of Arab tourists increased by 90 percent in June, compared with the previous year.

 

SR50,000 for a room near Haram Mosque in Saudi Arabia

Source : Saudi Gazette / 22 Jul 2014

The average price for a room in the vicinity of the Grand Mosque in Makkah has reached SR50,000 ($13,332) for the last 10 days of Ramadan, according to a report published in Makkah daily on Sunday.

 

Iran to get $2.8 billion during extended talks

Source : Reuters / 19 Jul 2014

Iran will be allowed to access an additional $2.8 billion of its frozen assets during a 4-month period of extended talks with six powers on its nuclear program but most sanctions against Tehran will remain in place, the United States said on Saturday.

 

UAE pledges $25 million in aid to Gaza

Source : AFP / 11 Jul 2014

The United Arab Emirates pledged $25 million in humanitarian aid Thursday to "support the steadfastness" of Palestinians in Gaza where Israeli strikes have killed more than 70 people in three days. 

 
 

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