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The finance sector has never been more in the news, as the global credit crisis sweeps around the world. DIFC Week in Dubai gathers together industry leaders to discuss the future of the sector, how this region can minimise the impact of the financial downturn, how traditional and family-run businesses can help growth and the role of women in the Middle East finance industry.

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Saudi private sector employed 7m workers last year

Saudi Arabia: 20 minutes ago
According to figures by the Saudi labour ministry, the total number of workers in the country's private sector has reached 6,991,200 in the fiscal year 2010-2011, 10.37% of which were Saudis at 724,655, Saudi Gazette has reported. Non-Saudi workers reached 6,266,545, representing 89.63% of the total, the statistics showed. Last month, labour minister Adel Fakieh said that generating employment remains Saudi Arabia's main challenge, and that the government has been taking initiatives to tackle the three focus areas (job demand, job supply and market clearance) during the past 12 months. "Many of them have already been launched while others are either in the pipeline or conceptual stage," he said.

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Islamic Finance is on the rise but international standards do not exist.

Is Islamic Finance ready for more standardization?

Middle East: Monday, January 02 - 2012 at 11:46
As new market participants enter the scene, Shariah banking continues to grow despite the threat of a global recession. But is the industry also progressing in terms of unity and transparency?