September 17, 2012
The much-awaited regulation for Islamic banks and window operations of conventional banks will be announced through a Royal Decree at any time.
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.
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
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
While the political horizons have collapsed on them, Palestinians now face the deepest economic crisis in recent memory. A backlash is inevitable
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.
Despite the oil sector booming in the Gulf state, drastic reform is needed in the Gulf State to increase its competitiveness within the GCC
September 13, 2012
Following the violence in Egypt and Libya, which resulted in the death of the US Ambassador and 3 fellow Americans, YouTube has blocked access to the film clip that allegedly sparked the violent protests.
The ratings agency Moody's has confirmed that the Egyptian governments bond ratings are to remain at 'B2' status, with a negative outlook.
September 12, 2012
The remarkable story of how tech giant Apple, which has been credited for creating the revolutionary iPod and Mactintoch computers, and how it invented its first iconic iPhone, has been finally revealed.
Saudi Aramco confirmed this week that investigations were still underway to find out the origins of a virus named “Shamoon” which attacked the company's networks last month.
The black market for visa's in Saudia Arabia is booming, with 30 per cent of the visa's that are issued ending up being traded illegally. The trade in visa's is being blamed for the rise in unemployment in the Kingdom, which the government is desperate to reduce.
A modern, energy-efficient mode of public transport system for Oman is the need of the hour, said Anthony Pearce, honorary life member and former director-general of the Geneva-based International Road Federation.
September 11, 2012
Like Starbucks but don't like coffee? Argo Tea set to expand in to the 'window of the Middle East', with their first store outside of the US.
The Ministry of Finance (MoF) has given its go-ahead to increase taxes on all tobacco products, according to a senior official from the Ministry of Health.