Economics

Dadaab, the world’s biggest refugee camp

Desperation reigns amid the 380,000 refugees in Dadaab, a sprawling “tent city” in northeastern Kenya. Africa’s biggest refugee camp is home to more than 250,000 people who have fled the ongoing conflict in Somalia I am tying my shoelaces when the early morning call to prayer begins to sound over […]

Jeddah one of world’s cheapest cities

By KHALIL HANWARE | ARAB NEWS JEDDAH: Jeddah has been ranked as one of the top 10 cheapest cities in the world, according to the Worldwide Cost of Living (2011) survey conducted by the Economist Intelligence Unit (EIU). Karachi was the cheapest, while Tokyo was the most expensive. Jeddah came […]

Somehow, the Unemployed Became Invisible

GRIM number of the week: 14,087,000.  Fourteen million, in round numbers — that is how many Americans are now officially out of work. Word came Friday from the Labor Department that, despite all the optimistic talk of an economic recovery, unemployment is going up, not down. The jobless rate rose […]

King wants all graduates given jobs

By ARAB NEWS Published: Jul 4, 2011 23:42 Updated: Jul 4, 2011 23:54 JEDDAH: Custodian of the Two Holy Mosques King Abdullah instructed the private and public sectors in the Kingdom to provide more employment opportunities to all graduates and other employment seekers. The king also congratulated graduates of all […]

Blast hits Egyptian gas pipeline

Unknown attackers blow up Sinai pipeline that supplies gas to Jordan and Israel. A pipeline carrying gas from Egypt to Israel and Jordan has been hit by an explosion in the Sinai peninsula. The explosion on Monday sent flames into the sky, but there were no immediate reports of casualties. […]

Sabotaging Freedom Flotilla II

Two of the foreign ships experienced similar forms of sabotage, creating allegations of Israeli responsibility. The reports that two of the foreign flagged ships planning to be part of the ten vessel Freedom Flotilla II experienced similar forms of disabling sabotage creates strong circumstantial evidence of Israeli responsibility. It stretches […]

100 OFWs pardoned in Jordan due home in July

At least 100 overseas Filipino workers, most of them distressed household service workers, are due to arrive home from Jordan this month. Labor Secretary Rosalinda Baldoz said most of the workers are now sheltered at the Filipino Workers Resource Center (FWRC) at the Philippine Overseas Labor Office (POLO) in Amman. […]

German Banks Agree to Roll Over Greek Debt

PARIS — The biggest financial institutions in Germany followed the lead of their French counterparts Thursday by agreeing to roll over some of their holdings of Greek debt — a crucial step toward obtaining international agreement on a second bailout for the crippled Greek economy. The German finance minister, Wolfgang […]