Posts Tagged ‘muslim businesses’
Dubai 2.0 – Towards an Innovation Economy
Source: DinarStandard.com
By Athar Osama, Expert Contributor
Posted Feb 11, 2009
“The Emirate of Dubai – more than any other individual place in modern Muslim history – has captivated the attention of many for almost a decade now. On the one hand, Dubai is increasingly seen as a booming metropolis – a new land of opportunities of sorts – and on the other hand, many have long predicted the bursting of the bubble in Dubai. While Dubai has had its fair share of critics – and some very vocal ones – it had thus far defied all expectations and projections of gloom and doom. The current global economic recession, however, has exposed some serious vulnerabilities and imbalances in Dubai’s economy that must be addressed by its leadership at the very earliest.
Recently, I had the opportunity to spend some time in …
Popularity: 1% [?]
Economic Developments in Dubai
By The Associated Press (AP) – 11 hours ago
“DUBAI, United Arab Emirates — Dubai’s government said it is creating a “financial support fund” charged with managing and distributing $20 billion worth of state funds to cash-strapped companies in the emirate.
In a statement announcing the fund, Finance Department Director General Abdulrahman al-Saleh said the payouts will be provided to government-linked companies as loans based on their projects’ “strategic and developmental importance” to the city-state.
Once-booming Dubai and its vast web of state-sponsored companies are deep in debt and struggling because of the global downturn. The government has said it and its related companies owe some $80 billion, although a precise breakdown of the debt pile has not been made public.”
Popularity: 4% [?]
Top 10 Companies of the Muslim World
This is our first list of top Muslim businesses, please share your comments and thoughts and let us know if there are any mistakes. One thing to notice in this ranking is that 7 out of the top 10 companies are oil and gas companies and sate-owned as well, I wont draw a conclusion from it but rather let you share your thoughts on it.
Saudi Arabian Oil Co. (Saudi Aramco)
Rank: 1
Country: Saudi Arabia
Founded: 1933
Type: Government-owned corporation
2007 revenue: $ 216 Billion
Industry: Crude Oil exploration, production, manufacture, marketing, and shipping.
Employees: 54,000 from 66 different countries
Website: www.saudiaramco.com
National Iranian Oil Company
Rank: 2
Country: Iran
Founded: 1948
Type: Government-owned corporation
2007 revenue: $101 Billion
Industry: Oil & Gas- Integrated
Employees: N/A
Website: www.nioc.ir
Petroliam Nasional Berhad (PETRONAS)
Rank: 3
Type: Government-owned corporation
Country: Malaysia
Founded: 1974
2009 revenue: $75.5 Billion
Industry: Oil & Gas
Employees: 39,236 worldwide
Website: www.petronas.com.my
Kuwait Petroleum Corp
Rank: 4
Type: Government-owned corporation
Country: Kuwait
Founded: 1980
2007 revenue: $64 Billion
Industry: Oil & Gas
Employees: 2,500
Website: www.kpc.com.kw
Iraq …
Popularity: 31% [?]
Turkish Economy Looks East to Counter Global Slowdown
By Yakup Kocaman
Turkey, the fifteenth largest economy of the world, is suffering in recent times from an unfinished business breakthrough. After a boom of six consecutive years, the Turkish economy is now confronting tough conditions of economic crises in the new world.
Image source: www.kwintessential.co.uk
Turkey’s major distress is lagging export numbers with European Markets, not toxic assets, bad loans, or Ponzi schemes. In December 2005, industry export figures declined sharply, by almost 25 percent. The significant decrease in demand from European markets hit exporters harshly; in 2008, Turkey’s export figures yielded USD 130 bn and import figures at USD 200 bn.
As the country loses ground in Europe,
…
Popularity: 40% [?]
Islamic Hotel Branding & Muslim Hospitality
By Mr. Naseem Javed
For original post Click Here
There is a sudden realization among key developers in Dubai and Middle Eastern countries that hotels and hospitality in Arabia can easily absorb a huge number of properties and tour destinations purely based on Islamic culture. These new brands will deliver all the traditional values and customs to accommodate familiar authentic experiences for Muslims traveling alone or with their families. These new brands will address how Muslim needs are met and how they want to be treated.
However, the real challenge lies in providing an environment which is rich enough to allow competitive comfort and luxury that not only rivals Western hotels, but equally sets a new global standard of quality yet conservative enough in taste while maintaining the aesthetic and spiritual balances and the etiquette so highly cherished by the Muslims.
The thought of creating hospitality concepts under specific religious …
Popularity: 1% [?]
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Recent Discussions
- Tawhid: Here is a PDF version and an MS Word (*.doc) version for people to download as there are some formatting...
- susan sheriff: I think Iran is doing pretty well. With sanctions around it has not given up hope, instead it has...
- Usman: Excellent article. thanX for sharing
this added alot to my GK - Tawhid: Aside from Telecommunications,Automotives , Banking/Financial sector activities, Mining, Nuclear Energy,...
- Tawhid: It may be worthwhile noting that huge “sovereign wealth funds” like that of Abu Dhabi Investment...
- Diana Ameen: Yes, I agree. We should take out western media out of our houses and introduce media channels that focus...
- Tawhid: Wonderful! More and more children in the Muslim world and nonmuslim world should be introduced to Muslim...
- Tawhid: Kindly take a look at this blog for latest information on developments in the fields of economy, business,...
- Tawhid: And there are millions of muslims around the world and the entire Muslim world’s leadership (except...
- murodov: god bles you
- Usman: Awesome. Iran certainly has become self dependent, Alhamd o Lillah I pray that ever Muslim country learns a...
- Tawhid: Kindly take a look at this report from PressTV http://www.youtube.com/watch?v =Lc0Dp8hSOAM
- Usman: It were the Israelis who came up with this gun. but they claimed that no other nation has it. But they can...
- Tawhid: I can recall at least Iran and the Zionist state also manufacturing this gun.
- Tawhid: @Usman: Thank you for the good job. Billion$–Bn Islamic Dinars — Country/Groups...
