September 15, 2014
They are treading a fine line, having to reconcile the fact that their businesses mostly depend on conventional banking practices - interest payments, and to some degree monetary speculation - which Islamic principles forbid.
September 14, 2014
Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries.
Lebanon’s leading businesses and bankers warned Friday that the country could further face further economic deterioration if the president of the republic is not elected soon.
espite being on the brink of ruin, Misrata has become an entrepreneurial phoenix rising out of the ashes and is an example of the vast potential Libya holds as it slowly begins to open up economically to the world.
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.
September 12, 2014
A piece of cake? Egypt's 'baseeta' e-service for completing government documents gains popularity despite legality concerns
The service aims to help Egyptians to extract or renew governmental documents including ID cards, passports, marriage documents and death certificates.
September 11, 2014
If you could pick the worst set of circumstances in which to start up a giant, export-oriented oil refinery, you might well have them right now.
Even with the rapid expansion of Islamic State and its need to pay a larger number of recruits, the group could still make an estimated $100-$200 million surplus this year, given the amount of money it is making.
The Turkish government has created an elite class of businesses that enjoy unfair advantages over their rivals despite being allegedly being involved in corruption, as well as negligence causing fatal accidents, observers argue.
September 10, 2014
Time to invest closer to home? Why the GCC countries are urged to pump their money into an Arab 'Marshal Plan'
A post-World War II US initiative, the Marshall plan helped revive Europe's shattered economy and bring long-term stability to the continent.
Hajj season is almost upon us, and in October an estimated three million Muslims from around the world will congregate in Mecca, Saudi Arabia, to perform the Islamic pilgrimage.
On a late-summer morning in northern Jordan, as the sun rose over the city of Irbid, perched high on a desert ridge, a young father prepared to die at sea.
September 9, 2014
The launch of the new iPhone is expected to be one of the largest events this year.
More than two thirds of young Iranian Internet users are using illegal software to reach websites that are officially banned, according to government research cited by media on Monday.
Aiming to reduce dependency: an inside look into Jordan's attempts to increase domestic energy production
Jordan has recently sought to establish alternative energy sources and diversify its imports. It is also building two liquefied natural gas terminals, to be finished by 2017, which will be used to import gas for electricity generation.