Browsing All Posts published on »March 24th, 2008«

Price Rises Drive Expatriates out of Saudi Arabia

March 24, 2008

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 Arab News JEDDAH, 23 March 2008 — Prices of essential commodities and house rents have increased by 30 to 50 percent, prompting Saudis and expatriates to call for government intervention to curb the unprecedented phenomenon and for increasing their salaries to cope with the situation. “The government should stop the monopoly of big companies that […]

The Al Buraq Islamic Credit Card

March 24, 2008

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Since 2002, ABC Islamic Bank E.C, a wholly-owned subsidiary of Arab Banking Corporation, has issued the first Islamic credit card. The card, considered the first Islamic credit card that conforms to Sharia principles, is expected to be well accepted by all customers who prefer to utilise a credit card based on Glorious Sharia principles. Prior […]