September 16, 2012
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.
The GFBTU has over 60 trade unions covering close to 15,000 members under its umbrella, but only trade union heads can nominate themselves to contest seats on the GFBTU board.
South Sudan's inflation has dropped from 60.9 per cent in July, to 43.3 per cent in August, the National Bureau of Statistics reveled. After seceding from its northern neighbour in 2011, fuel crises have rocked the new nation causing massive inflation.
September 10, 2012
The consumer spending in Kuwait is set for another strong year in 2012 backed by solid salary increases and an improving employment scenario, according to a report by the National Bank of Kuwait (NBK).
The increasing price of gold is evidence in the lack of confidence in the global economy, as investors seek the traditional safe haven of the precious metal. Gold prices are helped by the 6 per cent decline in supply caused by lower recycling levels
The UAE and China are registering economic growth, and are increasing trade relations. The relationship between the two nations has increased fivefold over the last ten years, with a growth rate of 395 per cent in spite of the global downturn.