Economy
Islamic finance body plans ethics code
A fledgling industry body of Islamic scholars wants to develop a global code of ethics and a professional development program for scholars, in order to improve standards in the industry, its president said.
Aluminum recycling necessary to foster balanced ecosystem
Environmental balance requires integration between aluminum industry and its recycling.
Skill shortage obstructs growth of Islamic finance
Southeast Asian universities are adding Islamic finance courses as Bank Negara Malaysia’s Shariah Advisory Council warns a skill shortage in the industry is hampering growth, Bloomberg reported.
Landtech to design Kingdom Tower’s irrigation
Landtech Design said that it has been hired by Adrian Smith + Gordon Gill Architecture to be the landscape irrigation design consultant for the “Kingdom Tower” project in Jeddah, soon to be the world’s tallest building.
Tuesday, 21 - August 2012
A 7,800km underwater optical fiber data cable, called the Asia Submarine-cable Express (ASE), which links Japan, Singapore, the Philippines and Malaysia, has opened for traffic. It is the first direct cable link between the Philippines and Japan, according to one of the developers.
Tuesday, 21 - August 2012
Over 450 airline planners representing 250 airlines are now registered for the 18th World Route Development Forum to be held on Sept. 29-Oct.2 in Abu Dhabi hosted by Abu Dhabi Airports Company (ADAC) and supported by official carrier Etihad Airways and Abu Dhabi Tourism & Culture Authority.
Tuesday, 21 - August 2012
Royal Dutch Shell Plc will pay $450 million and swap interests in two fields off the Australian coast with Chevron Corp holdings in a $30 billion-plus liquefied natural gas (LNG) project that has been plagued by infighting among its stakeholders.
Tuesday, 21 - August 2012
A new online initiative has been created to assist Egyptians in reporting and monitoring electricity cuts throughout the country.
Tuesday, 21 - August 2012
Global shares slid, oil prices and the euro wavered Monday after the European Central Bank sought to squash speculation about the potential shape of market intervention to contain the euro zone debt crisis, damping recent investor enthusiasm for risk.
Tuesday, 21 - August 2012
Hotel sector across the Gulf region is set to see huge growth in construction activity, new figures released by STR Global revealed.
Tuesday, 21 - August 2012
The US-based Cheesecake Factory has made its international debut with the opening of a flagship restaurant in Dubai.
Tuesday, 21 - August 2012
Qatar Railways has awarded five contracts worth a total of QAR1.5 billion ($ 406.4 million) for phase one of the planned $36 billion metro network in the capital.
