by Asharq Al-Awsat | Oct 19, 2009 | Business
RIYADH, (AFP) — Saudi petrochemicals giant Sabic said Sunday it doubled earnings in the third quarter against the previous period as the global economy bottomed out and its product prices surged on higher oil prices. Saudi Basic Industries Corp., the Gulf’s...
by Asharq Al-Awsat | Oct 18, 2009 | Business
BAGHDAD, (AP) – The Iraqi government said Saturday it has approved a contract with a British-Chinese consortium to develop a prized oil field in southern Iraq, a significant achievement for a country that has struggled to attract foreign investors despite its vast...
by Asharq Al-Awsat | Oct 18, 2009 | Business
RIYADH, (AFP) — Remittances from Saudi Arabia’s estimated nine million mostly Asian foreign workers are soaring as the kingdom recruits more of them for its massive development plan, an economist said on Saturday. At 18.4 billion dollars last year and 15.0...
by Asharq Al-Awsat | Oct 17, 2009 | Business, Interviews
In a previous article, I discussed the good loan [al Qard al Hassan] and its importance in Islam as one example of social responsibility encouraged by our true religion in which providing good loans is considered a highly-rewarding deed. Suffice it to say that when a...
by Asharq Al-Awsat | Oct 17, 2009 | Business
BAGHDAD (AP) – Iraq’s government has approved an oil deal with a consortium led by British giant BP PLC to develop a prized oil field in the south. BP and its partner China’s CNPC were the only winners in Iraq’s first international oil auction...
by Asharq Al-Awsat | Oct 15, 2009 | Business
DUBAI, (Reuters) – Dubai’s property prices are expected to drop by another 20 percent as more projects come online, adding to an already flooded market where demand is dwindling, an executive at research firm Colliers International said. Dubai’s real...