Economics

Thousands of Iraqis detained in Kirkuk by Kurds during their rule

Baghdad - Muslimchronicle

Thousands of Iraqis were detained or abducted in the northern ethnically mixed city of Kirkuk by the Kurdish security services when they controlled the city, Iraqi local officials said on Sunday. Officials told Arab News that thousands of people in Kirkuk had begun arriving in police stations to report the “abduction” or “detention” of their sons by the Kurdish securityRead more

London house-buyers get lift from Brexit

London - Muslimchronicle

At 24, Londoner Kai Brader-Tan did not expect to become a property owner so soon in a city where rocketing prices in recent years have prevented many of his peers from getting onto the housing ladder. But the Brexit vote may have given him a step up. A graduate in Chinese and economics now working for a sportswear company, Brader-TanRead more

‘Saudi Now’ markets and economics app launched

London - Muslimchronicle

Thomson Reuters has launched the “Saudi Now” application aimed at financial professionals seeking markets and economics data on Saudi Arabia. The launch was announced at the Future Investment Initiative organized by the Public Investment Fund in Saudi Arabia. The app features intelligent information, analytics, charts and visual insights of various asset classes across the Saudi economy and markets. It offersRead more

Richard Thaler of US wins Nobel Economics Prize

Sweden - Muslimchronicle

US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology, the jury said. “By exploring the consequences of limited rationality, social preferences, and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes,” the Nobel jury said in aRead more

China’s imports fall slows in May

Beijing - Arab Today

China’s imports decreased at their slowest pace in more than a year-and-a-half in May, official data showed Wednesday, in a possible sign domestic demand in the world’s second-largest economy may be recovering. The country is a key driver of world growth and its demand for commodities has enormous implications for resource-rich nations from Australia to Nigeria. China’s imports have beenRead more

The First Al-Aqsa Mosque Quran symbolizes sovereignty

Ramallah - Arab Today

Following in the footsteps of neighboring Arab and Muslim countries, President Mahmoud Abbas commissioned a local Palestinian calligrapher to produce the first Palestinian manuscript of the Holy Quran, which will bear the name of Al-Aqsa Mosque. “Writing one page might take up to 14 hours, while Tashkil 'placing Arabic diacritics’ could take around five minutes per word. This is notRead more