Featured Articles

May 20, 2012

The Islamic funds industry has gained significant interest as a viable and efficient alternative model of financial intermediation
15:42 GMT
With an estimated growth rate of 15-20 percent, the Islamic finance industry will continue to be one of the fastest growing components of the global financial system, industry experts have asserted.
Preserving political stability will boost economic growth and enable Lebanon to attract foreign investment
15:23 GMT
The economy needs a thriving tourism season to compensate for the current political and economic crises, said the head of the Economic Association Adnan Kassar Thursday.
Small and medium players are now increasingly launching franchises
15:06 GMT
Abu Dhabi issued more than 2,000 new commercial licences in the first quarter of the year. But the number of licences issued each month decreased between January and March.
The most important aspect of teaching is to have the passion for it
09:32 GMT
The UAE’s vocational institutes struggle to find the right teachers to deliver quality technical education due to the nature of teaching education routes say experts.
can Libya double its production to 3 million bpd - a level it last pumped more than 40 years ago?
09:29 GMT
Seven months later, Libya is already pumping 1.5 million bpd and expects to hit pre-war levels by next month.
There is concern that the social-networking goldmine may turn out to be little more than a seam of fool's gold
09:07 GMT
Any significant fall in the company's post-IPO performance could quickly result in Facebook dragging the technology sector from boom to bust.

May 17, 2012

Going forward, the IMF encouraged UAE authorities to continue their efforts to sustain growth and diversify the economy
16:33 GMT
The recovery of the economy is continuing despite the uncertain global economic environment. High oil prices and increased production, strong growth in Asia, and the UAE’s perceived safe haven status in the context of the regional turmoil.
Middle East and North Africa region would be affected in numerous ways if the Euro zone slips into recession again
15:22 GMT
One of the downsides of a globalised economy is that a crisis in one country would affect the entire world with effects varying across different regions, according to Frost & Sullivan.
The two-day WIFFMC 2012 opens at the Gulf Hotel on Sunday under the theme "New Growth Horizons: Expanding The Global Footprint of Islamic Funds and Investments
15:04 GMT
The increasing interest in Islamic finance in major markets across the globe presents a unique opportunity of expanding the global footprint of the Islamic investments industry.
The UAE's markets were also hit, with the Dubai Financial Market General Index closing down 1.3 percent at 1,466.08
10:45 GMT
With markets in turmoil, Greeks are said to have withdrawn about €700 million (Dh3.27 billion) from banks since May 6 in the expectation of a rapid depreciation if the country exits the euro zone, Reuters reported yesterday.
More and more of the 513 hotels in the UAE are saying they’re reaping the rewards of adopting eco-friendly practices
09:55 GMT
Hotels are the number one contributor to global warming. That’s even more prevalent across the Gulf region where the World Wide Fund for Nature (WWF) has just ranked Qatar, Kuwait and then the UAE as having the globe’s largest carbon footprints.
Leading the list in the Top 50 Richest Arab Businesswomen in Listed Companies category was Shaikha Amna bint Mohammed Al Thani
09:09 GMT
Eight Bahraini women have made history as they were named among Forbes' most powerful females in the Arab world.

May 16, 2012

The UAE free zones contribute more than 25 percent to the country’s GDP
16:13 GMT
The new Companies Law will add value and attract investments with large capital requirements into the country.
The choices of Lebanese banks – and non-U.S. banks around the world – under the new rules are, indeed, limited
15:06 GMT
Essentially, the source said, U.S. passport holders banking in the Lebanese system will be asked to sign documents that waive their right to privacy.
Employers are now more tolerant of people working outside the office
13:01 GMT
Sometimes it pays to ditch the office and stay home or go to a cafe. At least that’s what many so-called telecommuters across Lebanon have discovered, as an increasing number do their work from the convenience of ... anywhere.