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Sweden: Despite world class innovation and investments in R&D, challenges remain

Stockholm: Braving the October chill, Magnus Bergman cycles 10km to his office in Stockholm’s high-end commercial district of Stureplan. Internet expert Bergman and his colleague telecom entrepreneur Pandelis Eliopoulos run a tiny VOIP start-up and dream of turning it into a profitable mobile communication venture with a global footprint. With a t


Does Islamic finance have a responsibility to reduce unemployment

There is a buzz about the prospects for Islamic finance in parts of the Middle East and North Africa region (MENA). News reports are suggesting that as a consequence of change in public policy, the market share of Islamic banking in Egypt will grow to “35 per cent in five years from 5 per cent now”. Much attention in Islamic finance circles is als


Iraq Oil: Refineries in the IEA outlook

In the later years of the 1980s, Iraq had a refining industry among the firsts in the region with a well-established contribution to the economic and technological advancement of the country.

But the years of wars and sanctions took their toll not only on the investment in the expansion of the industry but on the wellbeing of the then existing


Aviation regulator suspends operating license of Kingfisher Airlines

New Delhi: India’s aviation regulator on Saturday suspended the operating license of ailing Kingfisher Airlines and Civil Aviation Minister Ajit Singh warned that if the carrier fails to provide a reasonable revival plan then its license may be cancelled.

“If they are not able to provide any concrete revival plans on how to restart o


Apple opens biggest Asian store in Beijing

Beijing: Apple on Saturday opened its biggest Asian store yet in Beijing, with hordes of shoppers descending on the three-floor complex that highlights the growing importance of China to the US tech giant.

The shop, on the major shopping street of Wangfujing in the heart of the capital, covers an area of 2,300 square metres (24,750 square feet),


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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