Wednesday 18 July 2018 \

 

Economy

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. 

 

Egypt's government raises fuel prices dramatically

Source : 05 Jul 2014

Egypt's government raised the prices of fuel by up to 78 percent starting Saturday, following on a promise to cut subsidies that eat up nearly a quarter of the state budget, the official news agency reported.

 

IDB to start innovation networking platform

Source : Arabnews | 04 Jul 2014

The Islamic Development Bank has announced the start of a networking platform with the objective of connecting the IDB and its member countries as well as institutions working on successful innovation projects and replicates them on a bigger scale.

The announcement was made by Osman Mahgoub El-Feil, director of the Knowledge Management and Innovation Special Program at IDB, during a forum titled “Fostering Dynamic Innovation Ecosystems in Developing Economies”.

 

Riyadh donates $500M humanitarian aid to Iraq

Source : Daily Star / 04 Jul 2014

Saudi Arabia pledged $500 million in humanitarian aid for Iraq Tuesday, to be disbursed through the United Nations to those in need regardless of sect or ethnicity, state media reported.

 

Food prices came up in Cameroon during ramadan

Source : VOA news / 03 Jul 2014

Muslims in Cameroon are observing Ramadan in the face of serious price hikes for food due to border closures meant to protect against incursions from the Nigerian militant group Boko Haram. Nigeria supplies up to 80% of food in North Cameroon.

In the border town of Amchide, the normal bustling trade with Nigerian businesses is at a standstill.

 

Spain to host first-ever conference on halal tourism in Europe

Source : Eat-Halal / 01 Jul 2014

Europe is hosting the first-ever international conference on halal tourism to look at how the industry can capitalise on one of the fastest growing sectors in the world.Описание: Неизвестный объект

The Halal Tourism Conference, which is being held on 22 and 23 September 2014, will bring together the global travel industry to discuss ways of tapping into this niche market.

 

30% of Gazans without daily income in Ramadan

Source : Middle East Monitor / 01 Jul 2014

Around 30 percent of the residents of the Gaza Strip are left without a daily income during the fasting month of Ramadan, a new survey showed on Sunday.Описание: Неизвестный объект

Around 600,000 people are left without daily income in the strip, which stands for 30 percent of Gaza's population of 1.8 million, said the Gaza Chamber of Commerce, an independent body.

 

Ramadan: No food cost increase in UAE

Source : The National / 30 Jun 2014 

Government officials will be monitoring the price of groceries in supermarkets during Ramadan to deter any unauthorised price hikes

Suppliers and retailers cannot increase prices of essential consumer commodities during the holy month without written consent by the authorities, said Sultan bin Saeed Al Mansouri, the Minister of Economy.

 

Britain's first Islamic bond draws torrent of bids

Source : Reuters / 26 Jun 2014

Britain became the first Western country to sell an Islamic bond on Wednesday, attracting 2.3 billion pounds in orders, more than 10 times the amount it was looking to sell.

 

ME investors to spend $180bn in real estate over next decade

Source : Saudi Gazette / 17 Jun 2014

Middle Eastern investors are expected to spend $180 billion in commercial real estate markets outside of their own region over the next decade, the latest research from global property advisor CBRE revealed.

 
 

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