Tuesday 23 October 2018 \

 

Economy

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. 

 

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.

 
 

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