Latest Middle East News

The global search company, Kinsey Allen International forecast that due to comparative strength and boost in foreign investment, about 5,200 new financial services vacancies will be created in Doha during the current year. Employees’ strength in Doha’s financial services will be increased from 14,900 to 20,100 people as compared to only 4,600 people in 2006. [...]

One of the leading Islamic banks in Qatar, Masraf Al rayan (MAR) will introduce Al Rayan GCC Fund for one billion US Dollar.
Al Rayan Investment LLC has been appointed as fund manager of the Sharia-compliant Al Rayan GCC Fund, by MAR to go-ahead to supervise finances up to 1 billion US Dollars.
A wholly-owned subsidiary of [...]

To meet the increasing energy demand of the country, India will increase its Saudi Arabian crude oil import from existing level of 25.5 million tons to 40 million tons, Indian government reported. The news was unveiled after meeting of Indian oil minister Shri Murli Deora with his Saudi counterpart Ali al-Aaimi in Riyadh. India is [...]

Banks in UAE have raised interest rates and are hesitant to lend because they are waiting for the restructuring of 26 billion US Dollar debt by state controlled Dubai World. Economists say that the high interest rates will hamper the country’s recovery from global financial crisis. Dubai-bsed economist at EFG-Hermes Holding, Monica Malik said that [...]