Business

  • Syria

  • Friday, June 14, 2024 at 5:07 AM

High Prices of Eid Sacrificial Animals Adds to Syrians’ Financial Burdens in Qamishli

Livestock markets in the city of Qamishli, northeastern Syria, are witnessing a decline in trade due to the notable hike in the costs of Eid al-Adha sacrificial animals. Financially capable Muslims traditionally buy sacrificial animals or meat during Eid al-Adha to share with family and feed the poor. This practice known as “Qurbani” commemorates Prophet Ibrahim’s willingness to sacrifice his son,...

  • Egypt

  • Thursday, June 13, 2024 at 5:15 AM

A moderate demand in Egypt for Eid al-Adha Sacrificial Meat Despite Soaring Prices

Egyptians have not been deterred from visiting butcher shops and livestock markets to buy sacrificial animals and meat for the upcoming Eid al-Adha, despite the recent significant increase in prices. The Arab world’s most populous country is going through deteriorating economic conditions, high inflation rates and a decline in purchasing power, but markets are still witnessing a moderate demand fo...

  • Somalia

  • Wednesday, June 12, 2024 at 7:11 AM

Construction Boom in Mogadishu Boosted by Real Estate Recovery

The Somali capital, Mogadishu, has witnessed notable urban growth since the end of the country’s civil war, and the ensuing relative calm and stability has enabled Somalis to embark on the construction of new residential complexes, especially in the suburbs. The new al-Jazeera Estate is an example of the up-and-coming housing projects currently underway in Mogadishu. The project’s manager confirms...

  • Libya

  • Thursday, June 6, 2024 at 10:19 AM

Libyans Tackle Liquidity Crisis by Using Electronic Card Payments

Mohammed Ramadan has to carry cash in addition to his electronic payment card whenever he goes shopping in the Libyan capital of Tripoli, so as to avoid the inconvenience of some stores not accepting card payments, or encountering situations when his card may not work, such as when the systems are down. He hopes that commercial banks in Libya will improve the electronic card payment service becaus...

  • UAE

  • Tuesday, June 4, 2024 at 4:44 AM

Dubai Hosts 80th IATA Annual General Meeting to Ponder Industry’s Future

Aviation sector leaders from all over the world are meeting in Dubai at the 80th Annual General Meeting (AGM) of the International Air Transport Association (IATA) and the World Air Transport Summit, held from June 2 to 4. The event, convened for the first time in the United Arab Emirates (UAE), is expected to be attended by more than 1,500 leaders of the aviation sector and government officials. ...

  • Jordan

  • Tuesday, May 28, 2024 at 5:15 AM

Jordan Hosts Forum Discussing the Future of the Digital Economy in OIC Countries

The “Invest in Digital Economy” forum was launched in the Jordanian capital to discuss laying the institutional foundations for the future of the digital economy in Jordan and the countries under the Organisation of Islamic Cooperation (OIC). Under the title “Amman, the Capital of Digital Economy,” the two-day forum is hosted by the Jordan Chamber of Commerce in cooperation with the Islamic Chambe...

  • Morocco

  • Wednesday, May 22, 2024 at 4:45 AM

Moroccans Grumble as Gas Cylinder Price Rises Demanding Serious Solutions

A decision by the Moroccan Ministry of Economy and Finance to increase the price of butane gas cylinders has sparked a public outcry in this North African nation, where the citizens were already complaining about price hikes. In a statement, the ministry announced that the price increase decision was effective as of Monday. “As part of a program to reduce direct subsidies, from which 3.6 million f...

  • Sudan

  • Tuesday, May 21, 2024 at 5:35 AM

Prices of Goods and Services in Sudanese Markets Continuously Soar

The markets in war-torn Sudan have been witnessing continuous price hikes on all consumer commodities and public services, especially transportation, exacerbating pressures on the citizens and negatively affecting local trade, as the fighting between the army and the Rapid Support Forces (RSF) enters its second year. Traders attribute the situation to the scarcity of commodities as stocks were dep...

  • Yemen

  • Monday, May 20, 2024 at 5:31 AM

Lack of Resources Overshadows Education in Yemen’s Abyan Governate

Elementary school students in Lawdar district, in the Yemeni province of Abyan, are facing difficulties due to a lack of school buildings and facilities, forcing teachers to give their lessons in the open, under the trees, in difficult conditions. Aly al-Yafei, Director of Lawdar Education Department, complains about the reality of education in the war-torn country in general, and the lack of gove...

  • Yemen

  • Tuesday, May 7, 2024 at 12:12 PM

Houthi Red Sea Attacks Reignite Bread Price Crisis in Yemen

A supply chain crisis arising from the Houthi group’s targeting of maritime shipping lanes south of the Arabian Peninsula is causing an increase in the price of bread in Yemen, which has doubled in some areas to reach 70 Yemeni riyals per loaf. Amidst a shortage in flour in the country, which has been embroiled in a civil war between the internationally-recognised government and the Houthi group f...

Saudi Arabia Reopens Al-Ahsa Airport after Expansion to Serve One Million Passengers Annually

Under the presence and patronage of the Governor of the Saudi Eastern Region, Prince Saud bin Nayef, al-Ahsa Governor Prince Saud bin Talal, and several Saudi aviation officials, al-Ahsa International Airport was reopened following development and refurbishing works that increased its capacity to serve up to one million passengers every year. Mohammed al-Maghlouth, CEO of the Saudi Airports Holdin...