http://www.alarabiya.net/rss/en_business_tech.xml Updated every 5 minute of every day - FOR PERSONAL USE ONLY en-us Sat, 21 Nov 2009 06:35:08 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 Four international firms including a joint venture between India's Larsen & Toubro and Oman's Galfar Engineering have bid for the construction of a new terminal at Muscat's airport. Cypriot construction firm Joannou & Paraskevaides submitted the lowest bid at 746http://www.alarabiya.net/articles/2009/11/18/91713.htmlAl ArabiyaTue, 17 Nov 2009 21:00:00 GMTThe business of selling food that is halal, or acceptable to Muslims, is set to grow rapidly in Europe in coming years as more supermarket chains target the sector, a Nestle executive said on Tuesday. Frits van Dijk, executive vice president at the world's biggest food group, toldhttp://www.alarabiya.net/articles/2009/11/17/91612.htmlAl ArabiyaMon, 16 Nov 2009 21:00:00 GMTWorld Trade Organization chief Pascal Lamy on Tuesday warned member states that a serious assessment of progress toward a global trade deal was needed if an accord is to be reached next year. "What is clear is that if we are to conclude this Round in 2010 as you have pledged to, we willhttp://www.alarabiya.net/articles/2009/11/17/91580.htmlAl ArabiyaMon, 16 Nov 2009 21:00:00 GMTPrivately-owned banks are flourishing in Iraq as lower violence and increasing savviness among Iraqi bankers fuel a lending boom, U.S. officials and Iraqi banking executives say. Iraq's tiny banking sector is dominated by two of seven state-owned banks which alone control 86 percent ofhttp://www.alarabiya.net/articles/2009/11/16/91491.htmlAl ArabiyaSun, 15 Nov 2009 21:00:00 GMTMiddle East tension is driving demand for military hardware at the Dubai Air Show which opens on Sunday, but recession means fewer orders for civilian jets. Bitter rivals Airbus and Boeing will still woo carriers at the top Middle East aviation event, but most airlines' cheque books arehttp://www.alarabiya.net/articles/2009/11/15/91333.htmlAl ArabiyaSat, 14 Nov 2009 21:00:00 GMTThe recovery in oil prices is set to accelerate Gulf Arab economic growth to as much as 6.2 percent in 2010 compared to a projected contraction of 0.9 percent in 2009, a research report said on Thursday. "We forecast positive real and nominal GDP growth in 2010 as a result of bothhttp://www.alarabiya.net/articles/2009/11/12/91063.htmlAl ArabiyaWed, 11 Nov 2009 21:00:00 GMTAustralia's natural resources such as iron ore provide a wealth of assets for sukuk issuance but tax laws have to be amended for its Shariah finance market to flourish, Malaysia's central bank said on Thursday. Trailing Muslim neighbors such as Malaysia and Indonesia, Australia hashttp://www.alarabiya.net/articles/2009/11/12/91050.htmlAl ArabiyaWed, 11 Nov 2009 21:00:00 GMTSaudi 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 GMT