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Batelco to launch 'Bahrain WiFi' in all Seef Malls (Trade Arabia - 18/01/2017)

Batelco, Bahrain's leading digital solutions provider, has signed a partnership with Seef Properties, Bahrain’s leading property management company, paving the way for the launch of ‘Bahrain WiFi’ across the three Seef Malls located in Seef District,

Qatar, Turkey chambers sign deal to enhance cooperation (Gulf Times - 18/01/2017)

tar Chamber has signed a cooperation agreement with the Union of Chambers and Commodity Exchanges of Turkey (TOBB) at the opening rites of the ‘2nd SMEs Conference’ held at the Ritz-Carlton Doha yesterday. The agreement, signed by Qatar Chamber chairman

Muscat bourse reacts again on listless trading (Times of Oman - 18/01/2017)

Downward trend continued on the Muscat bourse on Tuesday. The MSM30 Index continued its downward trajectory to close at 5,737.24 points, down by 0.15 per cent. The MSM Sharia Index ended at 858.35 points, down by 0.58 per cent. Oman Fisheries was the

QEWC and Nebras in deal with Masdar to develop renewable energy projec (Gulf Times - 18/01/2017)

Abu Dhabi’s renewable energy company Masdar has signed a cooperation agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and sustainable energy projects. The agreement was signed

UAE stocks close marginally higher on thin trade (The National - 18/01/2017)

UAE stocks rose marginally on Tuesday in lacklustre trade as oil prices continued to edge up, stoking increasing confidence of an economic rebound among market participants. Investors have also been buying shares of stocks that yield high dividends as

Aldar property projects in Abu Dhabi move closer to 2017 completion (The National - 18/01/2017)

Two new luxury projects by Aldar Properties in Abu Dhabi are on track for completion this year, the developer said. It said steady progress was being made across all of its projects, with Yas Island’s Ansam and Al Raha Beach’s Al Hadeel moving closer

Trade war, dollar danger cloud optimism in Davos (Oman Daily Observer - 18/01/2017)

A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and

Bank Muscat corporate cards enhance flexibility (Oman Daily Observer - 18/01/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, has evoked strong response to three new corporate credit cards launched in line with its ‘Let’s Do More’ vision and commitment to partnership in enhancing innovative banking

Dubai GDP expands 2.7% in 2016, expected to grow 3.1% in 2017 (The Gulf Today - 18/01/2017)

Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation, Chief Executive of the Emirates Group and Chairman of the Economic Development Committee in Dubai, said the economy of Dubai grew by 2.7 per cent in real terms in 2016, despite

Kuwait treads water after eight-day rally – NBK slips 10 fils; (Arab Times - 18/01/2017)

Kuwait stocks took a breather on Monday after the eight day long rally. The price index was little changed after a volatile session with a 1.17 pct uptick to close at 6,224 points even as the shares closed mixed amid brisk trading. The KSX 15 benchmark

Bahrain gears up to host 6th GCC Financial Forum (Saudi Gazette - 18/01/2017)

EUROMONEY Conferences, the world’s leading organizer of conferences for cross-border investment and capital markets and co-host, The Bahrain Economic Development Board (EDB), today announced the return of the GCC Financial Forum. The sixth annual event,

Saudi consumers ever more aware of online dangers (Saudi Gazette - 18/01/2017)

Gemalto, the world leader in digital security, on Tuesday released the findings of its 2016 Data Breaches and Customer Loyalty report, revealing that Saudi consumers place responsibility for protecting their personal data firmly at the hands of the

Saudi stocks higher at close (Saudi Gazette - 18/01/2017)

Saudi Arabia stocks were higher after the close on Tuesday, as gains in the Retail, Hotels & Tourism and Building & Construction sectors led shares higher. At the close, the stock benchmark Tadawul All Share Index rose 0.73%. The best performers of the

Pound rebounds on Brexit speech (Arab News - 18/01/2017)

The British pound rebounded above $1.23 on Tuesday after Prime Minister Theresa May declared that any Brexit deal would be voted by Parliament. The London stock market fell further as the stronger pound weighed on share prices of multi-national firms.

Record turnout at HVACR Expo Saudi 2017 (Saudi Gazette - 18/01/2017)

Hosting over 80 exhibitors, hundreds of innovative solutions, as well as revolutionary ideas, the second edition of HVAC R Expo Saudi closed Tuesday with a record-breaking attendance. “Saudi Arabia’s largest dedicated indoor climate and refrigeration

4 firms approved for listing on parallel market (Saudi Gazette - 18/01/2017)

Four companies have been approved for listing on the parallel stock market which was announced by the Capital Market Authority (CMA) earlier this month. Applications from 77 companies are also under review. The Saudi Stock Exchange (Tadawul) plans to

Saudi stocks climb 0.7% (Arab News - 18/01/2017)

The Tadawul All Share Index (TASI) swung 0.7 percent higher on Tuesday with most buy orders executed in the final hour of trade as Brent crude oil futures climbed back over $56 a barrel. Eleven of the 14 listed petrochemical producers advanced with

25 trillion in new oil capacity needed over next 25 years:Aramco (Saudi Gazette - 18/01/2017)

Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause “spikes” in prices and affect the global economy, according to the president and CEO of Saudi Arabian Oil Company (Saudi

GE unit wins new Alba power plant deal (Trade Arabia - 17/01/2017)

GE Power, a division of GE, today announced an order from Aluminium Bahrain (Alba) for a turnkey combined-cycle power plant, including three GE HA gas turbines, which will power the world’s largest single-site smelter. This win marks the first order for

UAE foreign trade seen at $354 billion in 2016 (Trade Arabia - 17/01/2017)

The UAE’s foreign trade is projected to reach $354 billion in 2016, according to a new trade finance report published by the Dubai Financial Services Authority (DFSA). The study highlights key findings of a review of trade finance activities carried out

Traded value falls on Dubai index as more results eyed (Gulfnews - 17/01/2017)

Dubai index fell, extending losses for another session, even as traded value fell by more than a third as investors awaited more results. The Dubai Financial Market General index closed 0.26 per cent lower at 3,669, after losing more than 1.5 per cent

GCC’s credit strength expected to weaken further in 2017 (Gulfnews - 17/01/2017)

Credit rating agencies Moody’s and Standard & Poor’s expect further weakening of credit strengths of Gulf Cooperation Council (GCC) countries in 2017 with overall negative outlook for sovereign ratings. “Our outlook for sovereign creditworthiness in 2017

Emirates NBD reports Dh7.24bn 2016 net profits (Gulfnews - 17/01/2017)

Emirates NBD the UAE’s largest lender reported Dh 7.24 billion net profit for the full year 2016, up 2 per cent compared to the previous year. The operating performance was helped by further recoveries from legacy impaired loans which offset lower

Saudi Arabia pledges adherence to oil cut (The Gulf Today - 17/01/2017)

Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that Opec’s plan to prop up prices would work. Saudi Energy Minister Khalid

Ooredoo administrator wins Al Mar’a award (Oman Daily Observer - 17/01/2017)

Ooredoo’s Senior IT Quality Assurance Administrator, Omaima al Rutaibi, was honoured at the Al Mar’a Excellence Awards 2016 with a Special Commendation Certificate for her achievements as a Woman of Technology during a ceremony held recently at Muscat

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