Friday 1 July 2016
 
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economy

UAE MoE inspects Sahara Mall Spinneys outlet

The UAE’s ministry of economy (MoE) recently conducted an inspection of supermarket chain Spinneys’ Sahara Mall outlet in Sharjah, as part of its ongoing Ramadan market inspection programme. The inspection was done in cooper

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California tops France as world's 6th largest economy

California is now the sixth largest economy in the world, surpassing France thanks to a robust state economy and the strength of the US dollar. California was the world's eighth-largest economy as of last year, according to Ir

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MoE inspects prices at Fujairah market

The UAE’s Ministry of Economy (MoE) recently conducted an inspection of the central market in Fujairah as part of a month-long effort to monitor UAE markets during Ramadan. Dr Hashim Al Nuaimi, director of the ministry’s con

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Oil prices slip under pressure of economic worries

Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies more expensive. The softening come

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Turkey's tourism industry hopes soap opera can woo wealthy Arabs

He's not a trained actor, but Turkish businessman Serdar Ali Abet hopes his television debut - and a mix of cliff-hangers, melodrama and lavish sets - can win fans across the Arab world and help revive Turkey's moribund tourist industry.

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Airlines exit Nigeria as economy hit by dollar shortage

International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to move revenue out of the country because the oil-price slump has depleted the West African nation’

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Saudi 'can live comfortably at low oil prices'

Saudi Arabia's Economy and Planning Minister Adel Fakieh said that the kingdom could live comfortably with oil prices even as low as they were late last year. "We believe that we will comfortably live with the prices that

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Saudi non-oil PMI sees near-record fall

Saudi Arabia’s economic activity showed a slowing trend during April, a report said, highlighting that the non-oil PMI fell back to near record lows. Cement sales and crude steel production came out negative in both year-on-

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Etihad, partners to inject $9.6bn into Abu Dhabi this year

Etihad Aviation Group (EAG) and its equity airline partners will provide a contribution of up to $9.6 billion to the Abu Dhabi economy in 2016, a new report shows. According to figures released by Oxford Economics Group, the group

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Air France offers special Premium Economy fares from Dubai

Dubai passengers travelling with Air France can enjoy the Premium Economy class travel across the entire long haul fleet, including European destinations. The Premium Economy seat offers 40 per cent more space than regular Economy

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