Thursday 18 August 2022 \

 

economy

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.

 

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.

 

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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