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July 7, 2014

The UK prime minster, David Cameron, in his Ramadan message states: “Ramadan is about charity, contemplation and community.”
04:55 GMT
In the context of Islamic economy contemplation, here are three thoughts for consideration during the holy month of Ramadan.
Reduction in public expenditures has prompted the government to increase the prices of automotive petroleum products.
02:13 GMT
Since his inauguration a month ago, President Abdel Fattah Al-Sisi has adopted several economic measures that have shaped Egypt’s economic climate.

July 6, 2014

Not to be outdone, French firms are also preparing for their return to Iran
10:56 GMT
Competition for the Iran market is fierce. Businesses across the world, but most notably in the U.S., are keen to fill the space left by the likes of Renault and PSA Peugeot Citroën and gain access to Iran’s 78 million consumers
A report has shown that the country saw 946 workers die in work-related accidents in the first six months of the year.
07:51 GMT
Turkey already has a bleak record for workplace deaths, and health and safety standards are often neglected in the country.
"The people won't like that, this could turn the people angry and against the state," he added.
04:55 GMT
Egypt had overnight on Friday slashed its subsidies for car fuel and natural gas, increasing their prices by more than 70 per cent.

July 4, 2014

For those concerned about consumption and commercialization in Ramadan, the month of fasting threatens to be turned into the month of overeating and excessive prices.
15:15 GMT
With petrodollars in the Gulf, splashing cash at luxury hotels is not an issue for those who can afford it, but the true meaning of Ramadan is being lost in the process
Buoyed by a growing population of both locals and expats, the total number of schools in the region is expected to grow at a compound annual growth rate (CAGR) of 2.4 per cent from 2013 to 2020.
02:09 GMT
However, the sector also faces a number of challenges such as the shortage of skilled teachers and regulation of fees that obstruct the growth of the education industry in the long term.

July 3, 2014

More people are classified as poor on a quarterly than on an annual basis as many households face temporary spells of poverty.
16:39 GMT
Economist Yusuf Mansur explained that the study simply shows that some Jordanian households are poor during a certain period of the year, while not poor for the rest of the year.
Forgery of educational certificates constituted around 40 per cent of all document fraud cases during the first half of this year,
14:43 GMT
Suspects face charges of forging an official document, faking a stamp, and attempting to use the fake document.
The government also lowered the target deficit ratio in the new budget to 10%, compared to 12% in the FY 2013/2014 budget, according to Dimian.
03:10 GMT
Economic experts have voiced scepticism over the government’s ability to meet the finance ministry’s revised GDP target for the 2014/2015 fiscal year (FY).
"Less religiously-linked branding could be useful for the industry if it wants to attract non-Muslim clients," he pointed out.
02:43 GMT
Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word "Islam" from their names.

July 2, 2014

The survey noted that 44.5 percent of those surveyed said employer efficiency is not affected, and 55 percent claim that important decisions and vital meetings are not postponed till the holy month is over.
23:23 GMT
The survey noted that 44.5 percent of those surveyed said employer efficiency is not affected
Turkish Energy Minister Taner Yıldız said last month that Turkey will begin exporting an additional 4,000 tons of refined oil products to Iraq daily
04:55 GMT
According to Moody's, Turkey's exports could decline by 15 percent if the fighting between the Islamic State of Iraq and the Levant (ISIL) and Iraqi military forces continues.

July 1, 2014

The fee for this aviation adventure starts from Dh270 ($73 USD). The first realistic A380 simulator landed in April at the Dubai Mall, where a 30-minute experience costs Dh350
16:19 GMT
Budding pilots and curious daredevils can fly the prestigious Airbus A380 in Dubai, within a realistic flight simulator, at a second location in Dubai.
The advertisement targets Saudi investors and invites them to apply for Canadian and Greek citizenship through an investment program.
14:11 GMT
A Canadian immigration company has, in violation of Saudi citizenship laws, posted an advertisement on the newspapers encouraging Saudi citizens to apply for Greek and Canadian citizenship, Makkah daily reported.