Middle East Economy

sars

From Economy May 22

SARS Update: Tunisian Man Inflicted with Virus After Visit to Saudi Arabia Dies, 2 Others Infected, WHO Says Virus is Spreading

A Tunisian man who contracted the SARS-like novel coronavirus during a pilgrimage to the holy city of Mecca in Saudi Arabia has died.

Saudi Women Empowerment Expands to Philippine Maids

From Politics & Policy May 21

Saudi Women Empowerment Expands to Philippine Maids

The growing women empowerment in Saudi Arabia has expanded to include the plight of foreign nationals, specifically Filipina maids. On Monday, the Middle Eastern nation signed a bilateral agreement with the Philippine government, vowing to protect the rights of its women who work as maids in the oil-rich nation.

Gold Bars

From Economy May 17

Gold Extends Losing Streak as Fed Signals QE Exit

Analysts expect gold prices to fall to $1,100 an ounce in a year and below $1,000 in five years.

Indian gold jewelery

From Economy May 17

Gold Trade: Middle East, Indian, Chinese Small-time Investors Helped Push Gold in Q1 2013

Despite the global gold demand trade decelerated in the first quarter of 2013 compared from the year ago, the actual exchange of gold among small-time investors in the Middle East, India, and China was very much alive through jewellery in the same period.

Stop corruption

From Economy May 07

Ernst & Young: Company Bosses 'Cook the Books' to Meet Tough Targets

Sales or costs are manipulated in companies with the knowledge of bosses, according to E&Y Fraud survey.

Glencore and Xstrata logo

From Economy May 03

Glencore Chief Hints at Big Layoffs as Glencore Xstrata Stocks Debut in Market

Glencore's CEO Ivan Glasenberg is expected to announce key divisional heads of Glencore Xstrata.

Royal Dutch Shell logo

From Economy May 02

Shell Boss Peter Voser to Retire as Profit Beats Forecast

Shell posts better-than-expected earnings despite operational disruptions and drop in oil prices.

BP

From Economy Apr 30

BP Profits Decline but Beat Estimates on Russia Deal

BP attributes the better-than-expected results to new production coming on stream in high-margin areas.

Samsung Profits Surge

From Economy Apr 26

Samsung Profit Surges 41% on Huge Smartphone Sales

Samsung posts record profits days after rival Apple recorded its first profit decline in more than a decade.

From Economy Apr 16

India Hopes to Rein in Current Account Deficit as Gold Hits Two Year Low

Huge gold and crude oil imports are the major factors for India's widening current account deficit.