World Bulletin / News Desk
The Palestinian Authority endorsed a national minimum wage for the first time Tuesday, but protesting workers said it was too low.
The cabinet in Ramallah endorsed a wage committee's recommendation at its weekly meeting, setting the minimum wage at 1,450 shekels ($375) per month, reported Ma'an news agency.
PA ministers "commended the committee’s strenuous efforts and its findings. The Cabinet also expressed its understanding of some views and reservations expressed by some of the participants in the discussions," it said in a statement.
Outside the cabinet building, a demonstration organized by unions accused the government of humiliating workers. Protesters shouted: "High prices and low wages is the government's policy."
Shaher Saad, head of the General Federation of Trade Unions, urged the government not to approve the proposed wage, which he said violated international norms.
In July, PCBS said the relative poverty line was 2,293 shekels and the deep poverty line was 1,832 shekels.
The United Arab Emirates' exchanges in Dubai and Abu Dhabi led the dive in liquidity levels, which measure the value of traded shares and are normally a reflection of the health of national economy.
Days after Russian regulator demeaned cryptocurrency, it breaks new records
The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
Two parties to work for promoting sustainable economic growth in Developing 8 countries
Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
BIST 100 index rises 0.45 pct while US dollar/Turkish lira rate stands at 3.67
Bank expects Turkey's strong growth performance to continue in Q3, World Bank Country Director for Turkey says
Industrial production marks first increase in three months, while manufacturing production comes below market expectations
While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
BIST 100 index rises 1.18 pct while US dollar/Turkish lira rate stands over 3.63
BIST 100 index falls 0.24 pct while US dollar/Turkish lira rate climbs to 3.69
National Bank of Ethiopia says devaluation of its currency necessary to boost exports