News Blips re Virgin and Oil Prices affecting the ME Carriers

On July 20, 2008 · In Shariah Finance

  • Virgin eyes Middle East expansionVirgin Megastore in Dubai

  • The music industry scene is changing rapidly, with many people opting to download songs rather than buy CDs. With films too, many people are turning to download services. Where does that leave music franchise Virgin Mega Stores, whose revenues still relies heavily on the sale of CDs and DVDs?
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  • High fuel prices begin to take toll on Gulf carriers

  • Middle East airlines have so far shown little sign of being impacted by soaring oil prices, but as fuel costs continue to rise more carriers may soon follow the lead of Emirates, which has recently cut back on some of its routes.
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