By ARAB NEWS JEDDAH: The International Islamic Relief Organization of Saudi Arabia (IIROSA) will continue its support and humanitarian assistance to the refugees, the displaced and migrants, said its Secretary-General […]
Source: New Yorktimes as intimated by Nasim Malik of Sweeden. It’s time to start calling the current situation what it is: a depression. True, it’s not a full replay of the Great Depression, but that’s cold comfort. Unemployment in both America and Europe remains disastrously high. Leaders and institutions are […]
The Securities and Exchange Commission has brought civil actions against six former top executives at the mortgage giants Fannie Mae and Freddie Mac, saying that the executives did not adequately disclose their firms’ exposure to risky mortgages in the run-up to the financial crisis. The case is one of the […]
By Hana Namrouqa JORDAN TIMES AMMAN – The impact of abstracting millions of cubic metres of seawater from the Red Sea will be negligible, according to the results of the […]
By BusinessWeek Correspondent Dar es Salaam. The launch of Tanzania’s first Islamic bank, Amana Bank, last monht is the latest development in Tanzania and East Africa’s emerging Islamic finance industry. With about half the population being Muslims there is a huge potential for Shariah-compliant financial services in Tanzania. The headquarters […]
The number of applications forunemployment benefits unexpectedly dropped last week to the lowest level in three years, showing the U.S. labor market is healing. Jobless claims dropped by 19,000 to 366,000 in the week ended Dec. 10, the fewest since May 2008, Labor Department figures showed today in Washington. The […]
NEW YORK (CNNMoney) — Taming rapidly rising prices is so 2011. In the new year ahead, China’s top leaders will focus instead on slowly revving up the world’s second largest economy. At least, that’s the message economists glean from reading in between the lines of an official government release Wednesday. […]
The Central government is planning to make certain changes in its solar power schemes to promote creation of mini-grids, a senior government official today said. “Mini-grids will play a major role in the 12th Five Year Plan to achieve our solar power targets. We are in the process of brining […]
Source: The Independent By Robert Fisk: A multiple award-winning journalist on the Middle East, based in Beirut. Writing from the very region that produces more clichés per square foot than […]
A Cairo newspaper editor on why the elections will not prevent protesters from returning to Tahrir Square Source: The Independent When it comes to economics, you don’t mess with Wael Gamal. Before becoming a managing editor of Shrouq – Sunrise, to you and me – he was economics editor of […]
NEW YORK (CNNMoney) — Consumers slowed the pace of their shopping in November, but that might not bode ill for the entire holiday season. The Commerce Department reported Tuesday that retail sales were up 0.2% compared to October. The result was well short of the 0.6% increase forecast by economists […]
As the European debt crisis roils the markets, American traders who once awoke at dawn are now rising in the dead of night to gain an edge when business begins in London, Paris and Frankfurt. Gone are the days when traders showed up to work just before the New York […]
Maulvi Dr. A. Wahab Adam, the Ameer and missionary in-charged of the Ahmadiyya Muslim Mission in Ghana, has observed as wrong the notion that Islam is concerned only about religious […]
Technology and commercial partnerships between US businesses and Chinese enterprises can benefit both nations, said Mark Hutchinson, president and chief executive officer of General Electric Co (GE) China. According to […]
BERLIN — Even as European leaders put together their latest response to the euro crisis last week, a German-American clash over how best to manage a vast financial crisis and put the world economy back on a sound footing was set in stark relief. Chancellor Angela Merkel of Germany defied […]
NY Times: By ELIZABETH H. BRADLEY and LAUREN TAYLOR. Our study found that countries with high health care spending relative to social spending had lower life expectancy and higher infant mortality than countries that favored social spending. While the stagnating life expectancy in the United States remains at 78 years, […]
By MOHAMED EL HEBEISHY | LIFE.STYLE@ARABNEWS.COM Are you into outdoor activities? Do you like to go hiking, camping or perhaps bird watching? Now that the cooler season has arrived, it is a great opportunity to head to Oman and enjoy the multitude of different outdoor activities the Sultanate has to […]
Confidence among U.S. consumers rose more than forecast in December as Americans’ outlooks improved. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 67.7, a six-month high, from 64.1 at the end of November. The median estimate of 73 economists surveyed by Bloomberg News called for a […]