Featured Articles

September 19, 2012

Thomson Reuters have launched an index for the global sukuk market
12:35 GMT
Thomson Reuters has launched a global sukuk index, as the $1.2 trillion Islamic finance industry is growing at a highly impressive 15 per cent annually.
Non-oil exports from Saudi Arabia dropped in June, according to statistics
12:16 GMT
Saudi non-oil exports showed a retraction of 2.3 percent in June in comparison to the previous month and a moderate 7.7 percent decline over the last 12-month period in value terms edging down to SR 14.5 billion
Following  anti-US protests, Arab Spring economies face a struggle as investment grinds to a dramatic halt
10:26 GMT
Arab Spring economies, notably Egypt, Libya, and Tunisia, were slowly being transformed and courting large investment deals from the USA, IMF and large MNCs. Now they are facing a difficult situation, after the USA and investors were scared off after violent protests swept the region.
Any slowdown in Iraqi oil production would dramatically impact global oil markets
09:49 GMT
The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world

September 18, 2012

Traffic congestion in Lebanon costs the economy 5 per cent of GDP a year, but how can this be fixed?
13:40 GMT
Getting stuck in traffic and complaining about it are daily ingredients of Lebanese life, but it costs the economy 5 per cent of GDP a year. What solutions are there to resolve this crisis?
Mashreq Capital has been awarded 'MQ3" status by Moody's
11:52 GMT
Moody's Investors Service has today assigned an MQ3 investment manager quality assessment to Mashreq Capital (DIFC) Limited, which reflects Moody's view of the asset manager's strong ownership structure and solid investment performance
The Flame visrus is just one of four peies of malware designed to target companies in the Middle East
11:10 GMT
A study has revealed that the Flame malware, developed to target Middle East-based companies, may be just one of four pieces of malware created by the same unknown development team.
Entrepreneurial flair is being rewarded in the UAE
09:53 GMT
Entrepreneurs in the United Arab Emirates are performing well, with 60 per cent already making a profit, according to a new report by Virtuzone.

September 17, 2012

The economy of Saudi Arabia continued to grow in the second quater of 2012, driven by the private sector
14:34 GMT
The Saudia Arabian economy continued to grow, albeit at a slower pace, in the second quarter of 2012, fuelled by the private sector.
Regulation of the islamic financial industry could come 'at any time'
12:47 GMT
The much-awaited regulation for Islamic banks and window operations of conventional banks will be announced through a Royal Decree at any time.
Oil industry consensus on prices is a fallacy, according to a report
09:17 GMT
Oil prices are likely to rise sharply from 2015, surpassing $150 a barrel in 2019 and 2020, Bernstein Research said, in a report at odds with a growing oil industry consensus that says rising supplies of unconventional oil will moderate prices.
Iraqi oil industry highlights political instability of the country, and the impunity with which companies can operate
09:00 GMT
Oil exploration and production in Iraq and the autonomous region of Kurdistan to the north, illustrate the inability to take action against MNCs operating in the country, and the political infighting that has beset the country since the invasion of 2003

September 16, 2012

Dubai is an expensive city, but remains attractive for expats
14:40 GMT
The cost of living in Dubai is increasing, making it the 12th most expensive city on earth, according to UBS. The housing market is beginning to rebuild itself after the crash of 2008-09, and buying is now the smart option in the Emirate
Recent protests against the PA illustrate there is still no freedom for Palestinians
13:58 GMT
While the political horizons have collapsed on them, Palestinians now face the deepest economic crisis in recent memory. A backlash is inevitable
Bank Muscat are underwriting Alizz Islamic bank, proving the success of the Islamic banking model
13:09 GMT
The continued success in the Islamic banking model was illustrated when Alizz bank announced it is to launch an Initial Public Offering of 400,000,000 share.