Source : Itar-Tass / 27 Sep 2014

The prices of products affected by the Russia's retaliatory sanctions grew almost three times faster than those of other staples, the Ministry of Economic Development said on Friday.

Source : Saudi Gazette / 27 Sep 2014

Last week, Saudi Agriculture 2014, the 33rd international agriculture, water, and agro-industry trade show, took place at the International Convention and Exhibition Center in Riyadh.

Organic farming was one of the topics addressed at the exhibition. Under the patronage of the Ministry of Agriculture, the Department of Organic Agriculture (DOA) participated with its own organic farming pavilion, a joint venture with on one side the ministry and the German GIZ International Services’ “Organic Farming Project” and on the other the Saudi Organic Farming Association (SOFA).

Source : Presstv / 26 Sep 2014

Prime Minister of the Palestinian unity government Rami Hamdallah has called for USD four billion in urgent aid for the reconstruction of the war-torn Gaza Strip. 

Hamdallah said Tuesday that he has asked the international community to donate 3.8 billion dollars of international aid to help Palestinians rebuild Gaza following its devastation as a result of Israel’s war on the impoverished enclave this summer.

Source : Arab news / 23 Sep 2014

The $22.5 billion metro project — called King Abdulaziz Project for Riyadh Public Transport — is a linchpin of the Saudi capital’s modernization program. It will be the backbone of the Saudi capital’s public transport system and a key component of growth.

Source : SaudiGazette / 22 Sep 2014

There is a huge gap in the global Islamic clothes, fashion and design market in the absence of major Islamic brands capable of meeting the requirements of the Muslim population, especially women, a research note by Dubai Chamber of Commerce and Industry based on a study by Thomson Reuters revealed.

Source : MiddleEastMonitor / 20 Sep 2014

Head of the Popular Committee against the Siege Jamal Al-Khodari has described living conditions in the Gaza Strip as "disastrous" after the latest Israeli war.

In a briefed press release, Al-Khodari said that more than 90 per cent of Palestinians in Gaza live under the poverty line because of the sharp increase of unemployment rates.

Source : BusinessDayOnline / 18 Sep 2014

Lotus Halal ETF, a non-interest capital market product which tracks the NSE Lotus Islamic Index (NSE-LII) was launched back in August.

The NSE-LII index tracks the performance of 15 Sharia-screened equities listed on the stock exchange. Some of companies comprised in the index include Cadbury Nigeria, Dangote Cement and Unilever.

Source : AA / 17 Sep 2014

Turkey is to increase its exports to Russia in the face of toughened Western sanctions against the country over the Ukrainian crisis, Turkey's Economy Minister Nihat Zeybekci has said.

Source : Itar-Tass / 17 Sep 2014

The International Atomic Energy Agency (IAEA) will need an additional €1 million ($1.3 million) to continue the effort to control Tehran’s nuclear program, the director general of the UN nuclear watchdog said Monday.

Source : Al Arabiya / 08 Sep 2014

The United Arab Emirates landed at the top of Middle Eastern countries in the World Economic Forum’s 2014-15 Global Competitiveness Report, in one year jumping seven spots to 12th place globally and coming in ahead of Qatar, which took 16th place.