September 30, 2013
According to Howarth, over the next 30 years, 70 per cent of global population growth will be in Muslim countries as the Muslim population of 1.6 billion is growing at twice the rate of the global population thus representing the fastest growing consumer segment in the world.
September 29, 2013
In a recent report, the International Monetary Fund estimated that Dubai’s total debt stands at $142 billion, or around 102 per cent of its GDP, with $35 billion of that amount in government and government-guaranteed debt.
A survey has found that 42 per cent of companies always research a new employee on the internet before hiring them.
According to experts, the cement demand in the GCC will exceed $49 billion in the next two years where Saudi share alone will account for 61.22 percent of the overall Gulf demand and consumption.
A total of 700 workers on strike are from India and Pakistan, with 150 hailing from Bangladesh, Nepal and Turkey. They claim they have not been paid for five months.
The government on Thursday said that Jordan needs $850 million in additional international assistance should the country’s Syrian refugee community surpass one million persons as forecast by UN agencies.
The UAE is considering whether to impose a tax on the billions of dollars which foreign guest workers send back to their home countries every year, government and banking sources said.
Shaikha Lubna Bint Khalid Al Qasimi, Minister of Development and International Cooperation, has discussed ways of cooperation with a number of international ministers and officials.
September 28, 2013
BlackBerry said on Friday that it lost $965 million in the past quarter, confirming preliminary figures showing a rapidly eroding picture for the Canadian smartphone maker.
September 26, 2013
The trade license will allow the LA Lakers’ player to operate a business from Dubai that will be owned entirely by him with no corporate taxes levied on the business.
Jordanian expatriates and Arab visitors boosted clothing sales in summer, offsetting a slowdown in domestic consumer spending, according to a leading merchant.
The new venture is estimated to create up to 3,000 jobs for Saudi professional females.
The airline company has to raise $22 billion over the next four years to finance its aircraft deliveries, an average of $5.5 billion a year.
Qatar Airways has come under scrutiny on Wednesday after it was accused of forcing its female workers to seek permission from the company when they decide to get married and notify them of pregnancy.
"It [the visit] has created connections between the private sectors of the two countries which will hopefully be transformed into new joint ventures."