October 28, 2012
The Central Bank of Iran is planning to introduce a second official currency exchange rate for imports, Mehr news agency has recently reported. The new measure, which should be implemented within the next few weeks, has been approved by the government.
While thousands across the country enjoyed the Eid festivities and took the chance to get some rest and relaxation, many dedicated residents were out in force working through the holiday to keep the country running smoothly.
For decades, Lebanese farmers have been working the fields along the banks of the river Assi inside Syrian territory. Over the last few months, armed groups have repeatedly assaulted many of their villages, leaving death and destruction in their wake.
October 25, 2012
Moukheiber Habshi, a member of the founding committee of the Spinneys-Lebanon workers union, was assaulted Monday night by attackers in the latest round of violence trying to sabotage their activity.
Despite the run up to Eid, when customers usually throng the shopping districts of Amman, many retailers are complaining that sales have been down compared to last year, and are blaming the worsening economy in the Kingdom.
Saudi Arabia has a huge potential to be a catalyst for growth in the global market for green building materials, an industry which is expected to reach $406 billion by 2015 as the Kingdom seeks to diversify its exports.
An online shopping revolution is happening in Egypt. Gone are the days of slow, frustrating websites. A new company is offering almost everything you could want, promising to offer value and choice, but will we see a Silicon Cairo?
Qatar considers acquiring major stakes in investment banks in Europe, sources told Al Arabiya, noting that the negotiations are currently underway with seven banks suffering from accumulated financial crises caused by the economic recession in Europe.
The conventional stock market wisdom is failing the global economy. In the wake of further poor results from leading companies, is it time to readdress what we know about the roulette wheel of the stock market?
October 24, 2012
Iran, which is under tremendous pressure and undergoing a sanction imposed by the United States and the European Union for pursuing nuclear energy to power its economy, is investing $100 billion (Dh367 billion) to boost its oil and gas production.
Dubai is gearing up for one of the biggest weekends of the year as it plans to celebrate the festival of Eid al Adha, as Emirate is expecting thousands of visitors to head to the Emirate.
Housewives in Jordan are increasingly turning to the social networking website 'Facebook', to start a small business revolution in the Kingdom.
The Philippine government has lifted a temporary deployment ban of overseas Filipino workers to Jordan and Lebanon, a senior official said, but overseas workers may not be able to return if they do not have correct documentation.
Europe’s Hotbird satellite broadcasting system has suspended the broadcast of Syrian television channels, the Syrian government announced, as sanctions against the media by the EU and Arab League affect.
The targeting of Iraq’s well-respected central bank chief appears to be a move by Prime Minister Nuri Al-Maliki to consolidate power and sends a bad message to international investors, experts and diplomats say.