The World Bank on Tuesday approved a $6.5 million grant to improve job prospects for Palestinian graduates.

The "Education to Work Transition" project will foster partnerships between universities and employers and tailor courses toward future employment, the World Bank said in a statement.

"Students need more than academic knowledge to be successful in today’s economy," said Ernesto Cuadra, an education specialist at the World Bank.

"They need career skills and the ability to put their knowledge to efficient use in a competitive workplace. And they need to acquire new...

Doha Festival City, the regional QAR 6 billion entertainment, retail and hospitality destination, has made significant progress and is on target for scheduled completion of the first phase following its ground breaking in October 2011. Set to become a driving force behind Qatar's diverse economic development and covering a total area of 433,847sqm, Doha Festival City will have over 260,000sqm of Gross Leasable Area accommodating entertainment and leisure facilities, supermarkets, cinemas, hotels and conference facilities.

IKEA's flagship store is the first piece of Doha Festival City's wide ranging retail offer which will culminate with the delivery of the iconic mega complex that will host more than 500...

Dunes Oman, manufacturer of iron castings predominantly used for automobile applications, doubled its production capacity to 36,000 tonnes from initial capacity plan of 18000 tonnes in 2008. The company also has ambitious expansion plans in near future. Established in 2007 in the Salalah Free Zone (SFZ), Dunes Oman started manufacturing operations in 2008 and wrote a success story both for the company as also for the newly established Salalah Free Zone.

In an interview with Oman Observer, G Srinivas, Vice-President Operations of Dunes Oman, gave full marks to SFZ management for amazing performance of the company and said: “Thanks to the excellent support received from Salalah Free Zone, the company...

As the Islamic finance industry continues to be one of the fastest growing components of the global financial system, with an estimated growth rate of 15 per cent to 20pc, international markets are witnessing a growing demand for Islamic financial products and services - even beyond the traditional markets of South East Asia and the Middle East.

The Islamic funds and investments industry has seen steady growth over the past decade due to the growing global demand for Sharia-compliant financial products and services and a significant increase in the number of institutions structuring Islamic investment products. According to Ernst and Young the Islamic funds industry grew to $58 billion, achieving a growth...

Gulf Insurance company (GIC) launches a 20 percent discount campaign for its travel insurance products, the campaign will last for three months and starts from May 10, 2012 until July 31, 2012 and it will be available thru the company's Head Office and all of its 17 branches as well as on the company's website www.clickgic.com and its iPhone App, stated a press release on Saturday.

Campaign and insurance servicesOn this occasion the Deputy Department Manager of Property and Casualty Aisha Al-Rashoud said that these discounts are launched in the holiday's season and they come from the company's awareness of the importance of the travel insurance policies pointing"...

Minister of Planning & Economy Muhammad Al-Jasser has stressed the Kingdom's keen interest to bolster cooperation between the Kingdom and Germany in business, industrial and investment areas.

The minister made the statement at a reception given at his office to former German Minister of Economics and Technology Michael Glos yesterday.

Al-Jasser said that the Kingdom was keen to see more German investments in the Kingdom that would help raise the level of the bilateral trade and boost partnerships between private sector companies in both countries. The meeting also explored the level of trade exchange between the two countries, which"...