November 5, 2011
The Ministry of Commerce too has noticed an increase of fraud cases against jewelry shops in the Kingdom. Some of the tricks that traders use are easily detected, while others are quite sophisticated and cannot be discovered quickly.
November 3, 2011
One of the factors contributing to this disparity can be attributed to the higher ownership of smartphones among males versus females in the region, with these devices offering easy, anytime access to social media.
Retail sector sales in the Gulf states are expected to grow at a CAGR of 8.3 percent between 2010-2015, reaching $240.3 billion by the end of the forecast period, a report said.
Millions of unemployed youths, with little hope of work, and no education, and a possible inclination to radical answers would indeed be a serious threat to any society. But millions of well-educated 20-somethings, heading for 21st century jobs in new technologies, would be a terrific asset to any Arab state.
As Islamic Finance has made a lot of progressive research in Agricultural finance bringing a number of pragmatic and useful choices which if implemented can bring revolutionary development to the economy.
Lebanon’s budget deficit in the first 10 months of 2011 fell by LL858 billion ($572 million) compared to the same period of last year to reach LL1.471 trillion or 21.42 percent of total spending, the Finance Ministry said Wednesday.
Rashad Kaldany, vice president of the IFC, said between $300 million and $500 million of the capital would go to projects to collect gas that is currently flared at oil fields.
November 2, 2011
Moody's Investors Service in a major move has downgraded the local-currency (LC) deposit ratings of five Egyptian banks following the downgrade to B1 of the Egyptian government bond ratings.
JEA President Abdullah Obeidat said studies indicate that Jordan's economy will become one of the leading economies in the Middle East if its mineral resources, such as oil shale, uranium, copper and gold, are wisely and soundly invested.
The UAE economy is resilient and still presents many investment opportunities in both the long and short term, Mohammad Al Aryan, CEO and Co-CIO of Pacific Investment Management Company (Pimco), a global investment management firm, said yesterday.
The food crisis is far from over, said World Bank Group President Robert B. Zoellick, who has urged the G-20 to put food first. Prices remain volatile and millions of people around the world are still suffering.
“Although it is a religious duty, the increasing prices of the animals make it difficult to perform the sacrifice,” Samir Ahmad, an Egyptian expatriate, said.
Jordan, which buys 95 percent of its energy, says its 1.2 billion tonnes of phosphate reserves are estimated to contain 130,000 tonnes of uranium. It has said it would this month announce the firm it has chosen to build the kingdom's first nuclear plant.
November 1, 2011
Egypt is open to IMF funding but the country has not made any formal request for aid after turning down a financing package in June, the finance minister said Monday.
Emphasising the strong relationship that exists between corporate governance and foreign direct investment, UAE Minister of Economy Sultan Bin Saeed Al Mansouri exhorted the regulators to ensure compliance and the business community to embrace the codes.