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Saturday, November 3, 2012
Iraqi tourist sector hurt by Iran's current currency pain
The plunge in Iran's currency is proving bad for business in neighboring Iraq.
Tuesday, October 30, 2012
ITF chairman lauds Turkey's tourism industry
The Taipei International Travel Fair (ITF) ended on a high note yesterday, with a record-breaking 77,000 attendees arriving on a single day during the four-day event. The total number of attendees that participated in this monumental event well exceeded 200,000.
Wednesday, October 17, 2012
Kuwait's Emir Sheikh Sabah al-Ahmad al-Sabah Tuesday proposed setting up a US$2 billion fund to fight poverty in Asia and said the Gulf state will donate US$300 million to its corpus.
Apple's new iPhone 5 is selling well in the Gaza Strip despite inflated prices, reaching the Palestinian enclave via smuggling tunnels even before high-tech hub Israel next door.
Tuesday, October 16, 2012
Kuwait said Sunday it will host the first summit of the 10-year-old Asia Cooperation Dialogue (ACD) this week, bringing together economic powers China, Japan and leading energy producers.
Monday, October 8, 2012
As high oil prices and improved efficiency force refineries in the U.S. and Europe toward closure, the industry is shifting toward the Middle East and Asia in a move fuelled by a thirst for energy among emerging economies.
Tuesday, October 2, 2012
Iran currency crashes by 9% to record low as effect of Western sanctions felt
Iran's currency, the rial, plunged 9 percent against the dollar at the opening of trade on Monday, to a record low of 32,500 to the greenback, real-time exchange websites showed.
Tuesday, September 25, 2012
Iran launched a fresh bid on Monday to stabilize its falling currency, opening a foreign exchange center that provides government-subsidized U.S. dollars to import some goods as the country struggles with Western economic sanctions.
The son of Iran's former President Akbar Hashemi Rafsanjani was arrested after he returned from abroad on Monday, two days after authorities jailed Rafsanjani's daughter, the official IRNA news agency reported.
Saturday, September 15, 2012
British construction output fell 10.1 percent on the year in July, nonseasonably adjusted data from the Office for National Statistics showed on Friday. Compared to June, construction rose 2.2 percent.
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