Most Arab states to start Ramadan Friday
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Fri July 20, 2012 9:42 am

UAE. Ramadan will begin on Friday in most Arab countries, religious authorities announced, but in Oman and Syria as well as for Iraq's Sunni Muslims and in non-Arab Iran it will start on Saturday.

Algeria, Egypt, Jordan, Kuwait, Qatar, Saudi Arabia, Tunisia, the United Arab Emirates and Yemen, as well as Lebanon's Sunni Muslims, were among those to announce a Friday start.

During Ramadan, Muslims fast from dawn to dusk and strive to be more pious and charitable.

The month begins with the sighting of the new moon, which varies from country to country.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
date:Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
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