October 7, 2012
Sukuk, a type of Islamic bond, has played a crucial role n the infrastructure sector over the past decade as demand for this financial product is outstripping supply.
Arqaam Capital has reached an agreement to acquire Libya-based Al Rashad Finance and Management Advisory (Rashad), in a positive step for the economy, which is predicted to grow 121 per cent in 2012.
The Iranian intranet system has suffered a severe slowdown after a cyber-attack, but experts say that more information is required before being able to say for certain.
As the Syrian crisis enters its nineteenth month, Lebanese banks have come under intensified US pressure to implement measures that will squeeze the Iran-Syria-Hezbollah axis. As banking sources reveal, Lebanon’s Central Bank has been largely acquiescent to Washington’s demands.
Germany and Oman are linking up in several areas to help develop the Omani economy. Various measure include teaching German in schools and increased economic cooperation as the Sultanate begins a a new global outlook.
The continued viability fo the Jordanian economy is being questioned as the leaders of key sectors fear a lengthy economic slowdown in the Kingdom and want policy makers to come up with a plan.
October 4, 2012
As British Airways plan to resume flights to Lebanon after two decades, the industry is expected to continue to grow, but at a slower pace than previous years
Foreign direct investment (FDI) in Egypt jumped in the final quarter of 2011/12, but the business climate is still in a period of recovery.
Social media holds the potential to play an important role in boosting skillsets, enhancing employment prospects and supporting entrepreneurship across the Arab world, results of a new survey show.
Oil prices rose on Thursday after dropping off on Wednesday. The increase has been blamed on the increased tensions in the Middle East as investors become concerned over the prospect of conflict along with the expected economic stimulus in China.
Shari'ah-compliant stocks are showing sings of continuing growth, with the Dow Jones Islamic Market Titans 100 growing 2.76 per cent in September, according to S&P Dow Jones Indices.
GCC-listed companies announced aggregate profits of $11.6 billion for the second quarter of this year, with Kuwaiti firms leading the losses.
October 3, 2012
Queen Ali International Airport (QAIA) is gaining prominence as an aviation gateway for the region in terms of passenger traffic and expansion, according to airport developers.
Bahrain is set to increase domestic food production from 20 per cent to 60 per cent in the next four years, said a senior government official, after concerns were rais over food security.
As the Gulf states advise against travel, and sporadic violence and kidnapping incidents beginning to plague Lebanon, the tourism industry is starting to struggle as staff are being laid-off and business is falling of a cliff.