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Companies promoting innovative concepts (Gulf Daily News - 28/04/2016)

A number of new products, technologies and solutions are being showcased at this year’s gulfBID, the leading event for the construction and building materials, services and contracting sectors. Saudi Arabia’s Rezayat Protective Coating Company is

Bahrain to host Mideast asset management forum (Gulf Daily News - 28/04/2016)

The Middle East Asset Management Forum (MEAMF 2016) hosted by Bahrain next month aims to tackle the most pressing questions that will drive the ongoing progress of the asset management industry across the dynamic regional markets. According to Central

UAE property prices may drop further in 2016 amid weak market conditio (CPI Financial - 28/04/2016)

For the coming year, we see no sign of market improvement for the UAE real estate sector, despite housing affordability improving from the current price environment. Pressures have arisen from declining oil prices dampening the hiring and expansion plans

Tender floated for raising water capacity in the long run (Times of Oman - 28/04/2016)

State-owned Oman Power and Water Procurement Company (OPWP) on Wednesday floated a tender seeking an international consultant to provide advisory services for enhancing water production capacity from 2022. The selected consultant has to advise the

Qatar’s foreign trade surplus at QR6.3bn in March this year (The Peninsula - 28/04/2016)

Qatar’s foreign merchandise trade surplus (the difference between total exports and imports) stood at QR6.3bn in March 2016, showing a decline of 15.3 percent or QR1.1bn compared to February same year. According to preliminary figures released yesterday

Govt regulations, human capital back Bahrain growth (Trade Arabia - 28/04/2016)

Bahrain continues to benefit from favourable supply-side factors: supportive human capital, mature regulatory environment and cost-competitiveness versus regional financial centres, as well as connectivity to Saudi Arabia, a report said. The main

Bahrain’s economy to slow further in 2016-17, IMF says (Gulfnews - 28/04/2016)

Bahrain’s economy is expected to slow further in 2016 and 2017, weighed down by weak investor sentiment and fiscal adjustments, with financial outflows expected to continue, according to the International Monetary Fund (IMF). The fund expects Bahrain’s

Umm Al Quwain aspires to be a new trade & tourist hub (Saudi Gazette - 28/04/2016)

UMM AL QUWAIN, UAE – The government of Umm Al Quwain and Sobha Group, a leading luxury real estate developer, announced Wednesday the launch of “Firdous Sobha”, an integrated world-class resort and residential island development in Umm Al Quwain. Aimed

UK-based group to conduct study on Sharjah’s economic landscape (Saudi Gazette - 28/04/2016)

Sharjah Investment and Development Authority (Shurooq) has signed a Memorandum of Understanding (MoU) with Oxford Business Group to conduct an in-depth study on the emirate’s economic landscape, with the report to form the basis of the emirate’s ongoing

Bahrain sees 15m visitors by 2018 (Saudi Gazette - 28/04/2016)

Reflecting increased demand from both regional and international travelers, Bahrain’s tourism market, which currently comprises approximately 6% of GDP, is expected to grow at a CAGR of 4.8%, reaching $1 billion by 2020. The hotels and restaurants

Top economists optimistic about Saudi Vision 2030 (Arab News - 28/04/2016)

An air of optimism prevails all around about the Saudi National Transformation Plan (Saudi Vision 2030) announced by Deputy Crown Prince Mohammed bin Salman on Monday. Khalid A. Al-Falih, chairman of Saudi Aramco, said: “Saudi Vision 2030 is a

Saudi to overhaul financial district, economic cities (Reuters - 27/04/2016)

Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued by delays and a lack of enthusiasm among potential tenants and investors. The government's frank, public

UAE property prices likely to drop further in 2016 (Trade Arabia - 27/04/2016)

The real estate prices in the UAE are likely to continue declining this year mainly due to the oil slump which has inturn dampened the hiring and expansion plans of energy firms besides the softening of non-oil private companies' business activities,

Qatar to let domestic oil prices to fluctuate as part of reforms (CPI Financial - 27/04/2016)

The official Qatar News Agency said on Tuesday that as part of its reform program, subsidies for domestic gasoline and diesel prices will be lowered. Local fuel prices are currently fixed at a low level, which requires subsidy spending by the Government.

Bahrain-Russia trade reaches $1m (Gulf Daily News - 27/04/2016)

Bilateral trade between Bahrain and Russia reached $1 million in January alone. The figure was revealed during a Bahraini-Russian Business Forum that was held yesterday at the Bahrain Chamber of Commerce and Industry (BCCI), Sanabis, and is part of a

Bahrain to host Mideast asset management forum (Gulf Daily News - 27/04/2016)

The Middle East Asset Management Forum (MEAMF 2016) hosted by Bahrain next month aims to tackle the most pressing questions that will drive the ongoing progress of the asset management industry across the dynamic regional markets. According to Central

Chinese trade team gets acquainted with investment in Oman (Times of Oman - 27/04/2016)

A high profile Chinese delegation was briefed about Public Establishment for Industrial Estates (PEIE) and its industrial estates, besides incentives and facilities offered to local and foreign investors. The delegation, headed by Quan Zhezhu, executive

Qatar setting up centre to combat money laundering (The Peninsula - 27/04/2016)

Qatar is working on setting up a specialised centre to combat money laundering and shady funding. The centre will work towards raising awareness among all stakeholders in this field. “We are in the process of establishing a specialised training centre to

Saudi to overhaul financial district, economic cities (Trade Arabia - 27/04/2016)

Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued by delays and a lack of enthusiasm among potential tenants and investors. The government's frank, public

Major '3G' exhibitions open in Bahrain (Trade Arabia - 27/04/2016)

A trio of highly-anticipated trade shows focusing on construction, interiors and real estate were opened in Bahrain today (April 26) by His Royal Highness Prince Khalifa bin Salman Al Khalifa, the Prime Minister of Bahrain. The flagship gulfBID

Egypt central bank to sell $118.7m at Tuesday auction (Gulfnews - 27/04/2016)

Egypt’s central bank sold $118.7 million at its regular rate of 8.78 to the dollar at Tuesday’s sale. Egypt’s pound strengthened on the black market, traders quoting rates of 10.40/10.50 to the dollar, after it had sharply weakened in the past couple of

Emirates’ Shaikh Ahmad bullish despite global economic worries (Gulfnews - 27/04/2016)

Emirates, the Middle East’s largest airline, sees growth opportunities in Africa, Asia and Europe over the next 12 months despite global economic concerns over a China slowdown and the United Kingdom leaving the European Union. This month, the

Mena leather market at valued $4.6b (Khaleej Times - 27/04/2016)

International and local tanneries, designers, suppliers and leather manufacturers are sharing centrestage this week as the Middle East's only dedicated leather industry trade show, Leatherworld Middle East 2016, opened in Dubai on Tuesday. The exhibition

Dubai residential values, rents drop in Q1 (Khaleej Times - 27/04/2016)

Dubai's residential sales and rental value are set for further decline in 2016 as the local economy continues to adjust to softening global conditions, according to leading international real estate consultancy Cluttons. After falling by an average of

King Abdullah Port facilitates traffic of goods in Arab world (Saudi Gazette - 27/04/2016)

King Abdullah Economic City (KAEC) participated in the 6th edition of the Jeddah Industrial Forum (JIF) held at the Jeddah Hilton Hotel under the slogan “National transformation towards Industrial Transformation.” The Forum was inaugurated by Prince

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