July 3, 2014
Delusions of grandeur? Why economists are questioning the Egyptian government's ability to meet its self-imposed goals
Economic experts have voiced scepticism over the government’s ability to meet the finance ministry’s revised GDP target for the 2014/2015 fiscal year (FY).
Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word "Islam" from their names.
July 2, 2014
The survey noted that 44.5 percent of those surveyed said employer efficiency is not affected
According to Moody's, Turkey's exports could decline by 15 percent if the fighting between the Islamic State of Iraq and the Levant (ISIL) and Iraqi military forces continues.
July 1, 2014
Budding pilots and curious daredevils can fly the prestigious Airbus A380 in Dubai, within a realistic flight simulator, at a second location in Dubai.
A Canadian immigration company has, in violation of Saudi citizenship laws, posted an advertisement on the newspapers encouraging Saudi citizens to apply for Greek and Canadian citizenship, Makkah daily reported.
The higher committee for regulating the working hours of retail shops has completed a draft law that will force all shops and sales outlets across the Kingdom to work anywhere between 6 a.m. and 9 p.m.
Regardless of what the real business issue was behind the scenes of Arabtec, confusion reigned publicly, and undoubtedly privately also, resulting in an unhealthy knee-jerk reaction in the market.
June 30, 2014
Evidently, the extended maturity will provide a pricing benchmark for longer-tenor sukuk and energize an alternative venue for financing infrastructure projects.
Boosted by aid worth billions of dollars from Gulf Arab countries after Sisi deposed Islamist president Mohamed Morsi last July, Egypt’s 2013/14 budget deficit was set to shrink to around 11 per cent of GDP from some 14 per cent the year before.
The escalation of violence in Iraq threatens investments in one of the world’s most important oil reserves, as Iraq was expected to become the world’s largest oil exporte
June 29, 2014
Whether the decision allowing the export of ultralight, condensate, marks the beginning of the end of the ban on American crude oil exports or not is being debated ferociously within the energy fraternity.
In the Gulf, there is a hybrid case in the operations of sovereign wealth funds, which plainly are governmental, but are viewing the international markets with this same awareness and considerable dependency.
With such massive untapped potential, the Gulf’s Arab countries are now joining hands to promote the region as a winter cruise destination
The level of credit card penetration in Egypt remains low despite its worldwide presence.