Main headlines

September 30, 2013

The Global Islamic Economy Summit will initiate a critical dialogue on the development of the integrated sectors covering Islamic financial services, Halal manufacturing and related lifestyle sectors (Photo credit: Shutter Stock).
08:57 GMT

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

“It (debt) will not restrain business in the region as debts are a part of a business, but it will definitely affect the confidence of the firms,” said Belindo.
15:29 GMT

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.

Almost 71 per cent of employers in the Middle East and North Africa region have changed their mind about a candidate after researching their activity on social networks, a new study has found.
14:58 GMT

A survey has found that 42 per cent of companies always research a new employee on the internet before hiring them.

Cement consumption in Saudi market has marked a robust growth in the last few years where it increased from 16 million tons in 2000 to more than 48 million tons in 2011 at a compound annual growth rate (CAGR) of 12 percent.
13:46 GMT

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.

Many workers told Arab News that their families back home are suffering and had to borrow money for Ramadan and Eid.
13:26 GMT

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.

According to recent estimates, Jordan has opened its borders to more than 580,000 Syrian refugees since the conflict began in 2011.
05:31 GMT

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.

“Remittances are key for expats in the UAE. A lot of them come here to support families back home,” said one commercial banker.
05:30 GMT

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.

This success is connected to its open policies and the pivotal stature it enjoys at regional and global levels, which contributed to gaining international support for hosting the global event.
05:30 GMT

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's is way past its golden age.
20:35 GMT

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

“This is my first trip to Dubai, I’m going to use it to learn about the cultural and business priorities of the region and to understand how they align with my core competencies,” said Bryant. “This is my first trip to Dubai, I’m going to use it to learn about the cultural and business priorities of the region and to understand how they align with my core competencies,” said Bryant.
12:32 GMT

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.

Describing the performance of the sector as good so far, he credited Syrians in Jordan for higher sales.
12:03 GMT

Jordanian expatriates and Arab visitors boosted clothing sales in summer, offsetting a slowdown in domestic consumer spending, according to a leading merchant.

The collaboration of the three companies underscores their strong commitment to support Saudi Arabia’s localization strategies to diversify the Kingdom’s economy and enable the growth of a viable employment sector.
11:10 GMT

The new venture is estimated to create up to 3,000 jobs for Saudi professional females.

"We have pretty much the same strategy for the next financial year as this year. It's going to be a diversified structure," Brian Jeffery, senior vice president for corporate treasury at Emirates said in an interview.
10:20 GMT

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.

According to the ITF, a standard hiring contract for thousands of the airline’s female workers reads: “You are required to obtain prior permission from the company, in case you wish to change your marital status and get married.
09:26 GMT

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.

The agreements were signed during His Majesty King Hamad's visit to the Asian country.
09:09 GMT

"It [the visit] has created connections between the private sectors of the two countries which will hopefully be transformed into new joint ventures."