Gulf Coast
Sukuk issuances continue to rise
The international Sukuk market is expected to top $895 billion this year, and $5 trillion by 2015.
Sweden experiments with solar heating
Sweden has been working on a pilot program to use solar power to heat water in the municipality of Anneborg, and hopes to translate...
Toby O’Connor named to lead Islamic Bank of Asia
Toby O’Connor has been named the CEO of DBS Group’s Islamic banking branch, Islamic Bank of Asia (IB Asia). After a period that has...
Fairmont Raffles to expand in Gulf
Qatar or Jeddah, Saudi Arabia might soon be the recipients of a new Fairmont Raffles hotel complex. The Qatari monarchy has invested US$877million in...
GCC countries score on friendliness index
Several Gulf Coast countries scored high on a poll run by HSBC about the friendliness of their nations. Despite recent political unrest, Bahrain scored...
Uptick in Asian tourism from Gulf
Asian tourist destinations have been unlikely beneficiaries of the political turmoil and unrest haunting many Middle Eastern and Arab countries. While wealthy residents of...
Top 50 Gulf companies
ArabianBusiness.com has released their current list of the 50 biggest countries in the Gulf Coast region. There were few surprises on the list, but...
Masdar announces potential wind farm
In an effort to meet the UAE’s ambitious plan to generate 7% of power from green sources by 2020, the country’s clean energy company,...
DXB passenger decrease in Africa and Middle East
While overall passenger rosters at Dubai International have increased this year, there has been a clear decrease in travelers to and from Africa and...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...