Tuesday 4 October 2022 \

 

economy

Palestinian economy stagnant under Israeli occupation

Source ; Ahram / 04 Sep 2014

Palestine's current economic situation is bleak and needs significant policy change from Israel and financial assistance from the international community to begin improving, the United Nations Conference on Trade and Development (UNCTAD) announced at the launch of its annual report on its assistance to the Palestinian People on Wednesday.

 

Malaysia set to become global halal hub by 2020

Source : TheMalayMailOnline / 03 Sep 2014

Malaysia is in a strong position to become the global halal hub in 2020 with almost 4,500 companies having the halal certification in the country as of March this year. Sabah’s Assistant Industrial Development Minister Datuk Bolkiah Ismail said the figure was a 35.5 per cent increase over the 3,319 companies during the same period last year.

 

UAE to provide Egypt with $8.7 bln petroleum products

Source : Trend.az / 01 Sep 2014

The United Arab Emirates will provide Egypt with petroleum products worth $8.7 billion over a year starting in September, an Egyptian official told Reuters on Sunday, Reuters reported.

 

Food embargo against West to benefit Russia’s economy- Putin

Source : RT / 15 Aug 2014

Russia’s food ban against many Western products will help Russia strengthen its domestic food market, President Putin said Thursday.

“Most important- we will develop our own production and will restrict low quality Western goods,” Russian President Vladimir Putin said addressing Crimean parliament members in Yalta on Thursday.

 

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.

 
 

We recommend

Social Networks