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A look at the economies beyond the credit crunch.


Asharq Al-Awsat
Written by :
on : Thursday, 16 May, 2013

Bahraini Transport Minister on the Economy, Gulf Air, and Formula 1

London, Asharq Al-Awsat—Kamal bin Ahmed is the Bahraini minister of transportation and acting chief executive of the Economic Development Board. While visiting London, he spoke with Asharq Al-Awsat about recent economic developments in the country, among other issues such as this year's Bahraini Formula 1 Grand Prix. He also discussed the latest restructuring of Gulf Air, which involved dismissing staff. Like many oil-producing countries in the Gulf, much of Bahrain’s economic activit...

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Ben Leakey
Written by :
on : Thursday, 16 May, 2013

Gaza’s fried chicken smugglers

London, Asharq Al-Awsat—Fast-food takes on an entirely different meaning in the Gaza Strip, where some Gazans are willing to wait up to four hours for a delivery of KFC. Unlike the West Bank, the 25-mile long coastal strip does not have any trademark fast-food outlets. But that has not stopped Khalil Efrangi, a 31-year-old Palestinian business owner, from providing the much craved and internationally renowned brand of fried chicken. The lengthy process, in which KFC meals travel ro...

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Asharq Al-Awsat
Posted by :
on : Thursday, 16 May, 2013

London firm launches Islamic insurance platform

London, Reuters—London-based firm Cobalt has developed a Shari'a-compliant insurance platform that uses a syndication model to help spread risk across a panel of underwriters, a ...

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Mohammed Alkhereiji
Written by :
on : Wednesday, 15 May, 2013

A talk with Dubai International Financial Centre’s CEO

London, Asharq Al-Awsat—Jeff Singer, CEO of the Dubai International Financial Centre (DIFC), hopes to double the size of the financial hub within the next decade. Singer, who ...

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Shuja Al-Baqmi
Written by :
on : Tuesday, 14 May, 2013

SAMA pushes banks to hire more Saudis

Riyadh, Asharq Al-Awsat—Saudi Arabia’s central bank has given commercial banking institutions in the kingdom three months to complete a list of jobs that could be localized, en...

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Asharq Al-Awsat
Posted by :
on : Monday, 13 May, 2013

Saudi stock regulator plans new rules on losses, share prices

RIYADH, Reuters—The Saudi Capital Market Authority has begun consultations that could change how closing share prices are calculated and how long listed firms can trade with larg...

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Asharq Al-Awsat
Posted by :
on : Sunday, 12 May, 2013

Qatar postpones planned float of USD 12 billion investment firm

Dubai, Reuters—A planned floatation of Doha Global Investment Co, a USD 12 billion (GBP 7.8 billion) Qatari investment firm backed by assets from the Gulf state's sovereign wealt...

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Andrés Cala
Written by :
on : Saturday, 11 May, 2013

Egypt’s Gas Conundrum

Madrid, Asharq Al-Awsat—Egypt’s government and international allies are scrambling to avert a summer energy crunch mostly driven by a growing natural gas deficit that, comp...

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Asharq Al-Awsat
Posted by :
on : Friday, 10 May, 2013

Mali asks donors for EUR 2 billion to rebuild country

Paris, Reuters—Mali will ask international donors for nearly EUR 2 billion (USD 2.6 billion) to help rebuild the country and try to halt a resurgence of Al-Qaeda-linked Islamists...

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Musaid Al-Zayani and Shuja Al-Baqmi
Written by :
on : Thursday, 9 May, 2013

Saudi growth highlighted despite challenges

Riyadh, Asharq Al-Awsat—The 8th Saudi Arabian Euromoney Conference drew to a close on Wednesday after two days of talks between major international financial players on the compe...

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