Dubai does not have the enormous oil wealth enjoyed by its neighbours such as Abu Dhabi. Its main source of wealth has historically been as a port.
In recent years it has sought to make money from property ... continue
Toward the end of last year, many market followers were speculating on a Fed hike as early as the first half of 2010. Global stock markets had experienced explosive bounces, commodity prices had surged from the crisis ... continue
In a report on the White House's plan to impose a 0.15pc fee on liabilities of banks with more than $50bn in assets in order to recoup money lost through the $700bn Troubled Assets Relief Programme, the ... continue
Inflationary periods are highly unjust. They undermine the ethics of hard work and thrift. They destroy solidarity, lead to widespread hardship and often to social unrest.
All these points are well documented in history. Many countries have suffered ... continue
Some of us work for male bosses and some of us work for female bosses. Surely people would say that men lead better than women especially in the business world.
However, women can be great leaders as well, when given the right position. There are some female traits that are helpful when dealing with all sorts of problems in an organisation.
If ... continue
Dubai does not have the enormous oil wealth enjoyed by its neighbours such as Abu Dhabi. Its main source of wealth has historically been as a port.
In recent years it has sought to make money from property development and luxury tourism, building impressive hotels such as the Burj al-Arab. The global downturn left many financial workers unemployed. The population fell an estimated 17%, meaning there was little demand for new properties.
There was also less demand for luxury holidays. Dubai companies have borrowed money to fund huge building projects such as "The World" and are now unable to repay it. There ... continue
With the global financial crisis putting the spotlight on "casino capitalism" of the West, leading scholars and experts from the Arab world on Thursday (Feb 4) pitched for interest-free Islamic banking as a solution and its introduction in India, home to the world's largest Muslim minority. Tracing the genesis of the global meltdown to "greed and unscrupulousness" of financiers and speculators in the West, Umar Chapra, adviser Islamic Development Bank, Jeddah, said the crisis resulted from "excessive and imprudent lending."Islamic finance puts emphasis on equity and justice. Islam discourages debt and the charging of interest on debt," Chapra said at ... continue
