http://www.alarabiya.net/rss/en_business_tech.xml Updated every 5 minute of every day - FOR PERSONAL USE ONLY en-us Sun, 08 Nov 2009 09:00:15 Asia/Riyadh(AST) Copyright: 2009, Alarabiya News Channel. http://www.alarabiya.net/rss/en_business_tech.xml http://www.alarabiya.net/files/gfx/img/alarabiya.gif http://www.alarabiya.net Saudi Arabia plans to phase out production of all water intensive crops that have depleted the desert kingdom's scarce water supplies, Saudi's water and electricity minister said on Saturday. "We have a plan to phase out all the production of water intensive crops in order tohttp://www.alarabiya.net/articles/2009/11/07/90524.htmlAl ArabiyaFri, 06 Nov 2009 21:00:00 GMTYemen began exporting liquefied natural gas (LNG) from its newly built LNG plant in Balhaf on the Gulf of Aden on Saturday, with the first shipment destined for South Korea. In a hillside ceremony overlooking the coast, President Ali Abdullah Saleh inaugurated exports by pushing a button givinghttp://www.alarabiya.net/articles/2009/11/07/90496.htmlAl ArabiyaFri, 06 Nov 2009 21:00:00 GMTAn Exxon Mobil-led consortium has beaten rival Russian, French and Chinese groups to bag initial rights to develop Iraq's West Qurna field, the oil ministry said, adding momentum to Iraq's bid to unlock its oil riches. With reserves of 8.7 billion barrels, West Qurna is among thehttp://www.alarabiya.net/articles/2009/11/05/90303.htmlAl ArabiyaWed, 04 Nov 2009 21:00:00 GMTThe Middle East's Media and Marketing Show (MMS) 2009 entered its second day on Wednesday and hosted Al Arabiya's Media and Communication Forum where strategies for new sources of revenue and telecommunication post financial crisis were revealed. The forum discussed the impact of thehttp://www.alarabiya.net/articles/2009/11/04/90203.htmlAl ArabiyaTue, 03 Nov 2009 21:00:00 GMTThe Williams Formula One team has launched a multi-million dollar project with Qatar that aims to bring cutting-edge racing technology to the mainstream mass-transit transport industry, its owner said on Thursday. Frank Williams said his firm had set up the Williams Technology Centrehttp://www.alarabiya.net/articles/2009/10/30/89715.htmlAl ArabiyaThu, 29 Oct 2009 21:00:00 GMTMalaysia hopes that Muslim countries can agree on which goods and products are halal, or acceptable to Muslims, a move that would boost the $2 trillion industry, although politics and interpretation of Islamic law may complicate the task. The Organization of the Islamic Conference (OIC) ishttp://www.alarabiya.net/articles/2009/10/29/89595.htmlAl ArabiyaWed, 28 Oct 2009 21:00:00 GMTThe White House Friday highlighted a new multi-million-dollar technology fund for Muslim nations, following a pledge made by President Barack Obama in his landmark speech to the Islamic world. The White House said the U.S. Overseas Private Investment Corporation (OPIC) had issued a call forhttp://www.alarabiya.net/articles/2009/10/23/89038.htmlAl ArabiyaThu, 22 Oct 2009 21:00:00 GMTIsraeli banks' unwillingness to take shekel cash deposits from the West Bank is hurting the Palestinian economy as the costs of lost interest and stockpiling shekel notes grow, a top Palestinian regulator said. Diplomatic sources familiar with the situation confirmed the existence ofhttp://www.alarabiya.net/articles/2009/10/22/88932.htmlAl ArabiyaWed, 21 Oct 2009 21:00:00 GMTIran's government has set up a special task force of top officials to decide on oil-related affairs on behalf of President Mahmoud Ahmadinejad, a business daily said on Thursday. It appeared to be a bid by Ahmadinejad to strengthen his control of and influence over the industry in Iran,http://www.alarabiya.net/articles/2009/10/22/88860.htmlAl ArabiyaWed, 21 Oct 2009 21:00:00 GMTThe International Finance Corp., a wing of the World Bank, said Wednesday it would list its first Islamic bond in the Middle East. The IFC Hilal Sukuk, a greenback-denominated 100 million dollar issue with a five-year maturity, will be listed with the Nasdaq Dubai and Bahrain stock exchanges,http://www.alarabiya.net/articles/2009/10/21/88763.htmlAl ArabiyaTue, 20 Oct 2009 21:00:00 GMTThe United Arab Emirates' said on Wednesday its economy would rebound with "greater confidence" thanks to measures taken to reverse the impact of the global financial crisis on the second largest Arab economy. "Despite all the negative effects of the crisis, they havehttp://www.alarabiya.net/articles/2009/10/21/88740.htmlAl ArabiyaTue, 20 Oct 2009 21:00:00 GMTThe World Bank's International Finance Corporation (IFC) has set price guidance for a $100 million Islamic bond, the proceeds of which will be used to fund projects in Yemen and Egypt, an executive said on Tuesday. Michael Essex, director of the IFC's Middle East and North Africahttp://www.alarabiya.net/articles/2009/10/20/88669.htmlAl ArabiyaMon, 19 Oct 2009 21:00:00 GMTThe hiring of an Israeli soccer director at a Saudi-owned British football team was met with indignation as it was seen as an attempt at normalizing ties with the Hebrew state while the team’s previous owner and current minority shareholder absolved himself of the controversial deal, according tohttp://www.alarabiya.net/articles/2009/10/15/88140.htmlAl ArabiyaWed, 14 Oct 2009 21:00:00 GMTFrance's highest constitutional authority on Wednesday struck down a provision of a new law that would have opened up French banking to Islamic finance. The National Assembly last month adopted the measure to allow Sharia-compliant financing despite opposition from thehttp://www.alarabiya.net/articles/2009/10/14/88070.htmlAl ArabiyaTue, 13 Oct 2009 21:00:00 GMTIraq has lured big oil firms into new service contracts on some of its giant oilfields by cutting taxes and sweetening terms to make the deals more profitable, industry sources said on Wednesday. International oil companies are close to striking deals that would almost triple Iraq'shttp://www.alarabiya.net/articles/2009/10/14/88062.htmlAl ArabiyaTue, 13 Oct 2009 21:00:00 GMTDutch bank ING's real estate investment unit is preparing its first sharia-compliant product, a UK commercial property fund venture with Amiri Capital, a senior executive at the UK unit said. Ian Whittock, Chief Investment Officer of ING Real Estate's UK arm, told Reuters the fundhttp://www.alarabiya.net/articles/2009/10/14/88037.htmlAl ArabiyaTue, 13 Oct 2009 21:00:00 GMTOfficials at Britain's Manchester Airport defended a controversial decision to introduce a 'naked scanner' that sees through clothing, arguing it will speed up security, press reports said Wednesday, a move which was likely to cause a stir amongst some who may not like thehttp://www.alarabiya.net/articles/2009/10/14/87986.htmlAl ArabiyaTue, 13 Oct 2009 21:00:00 GMTThe financial strength of al-Qaeda is weakening in part due to global sanctions but the Taliban in Afghanistan is gaining from the heroin trade and other criminal activity, a U.S. official said. David Cohen, assistant Treasury secretary for terrorist financing, said at a conferencehttp://www.alarabiya.net/articles/2009/10/13/87927.htmlAl ArabiyaMon, 12 Oct 2009 21:00:00 GMTBritain ordered financial firms on Monday to halt all business relations with two Iranian companies because of concerns that they were involved in helping to develop nuclear weapons. The order applies to Iran's Bank Mellat and Islamic Republic of Iran Shippinghttp://www.alarabiya.net/articles/2009/10/12/87787.htmlAl ArabiyaSun, 11 Oct 2009 21:00:00 GMTKuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretary of the finance ministry said on Monday, a day after the ministry demanded a delay. "Kuwait strongly supports the Gulf monetary union and the launch ofhttp://www.alarabiya.net/articles/2009/10/12/87781.htmlAl ArabiyaSun, 11 Oct 2009 21:00:00 GMT