Oman: Moving Forward
(Oxford Business Group - 07/11/2009)
Having weathered the financial storm better than most, Omans banks are reassessing their strategies and looking for new sources of growth.
Through the global financial crisis, Omani banks have proved remarkably resilient, due to adequate prov...
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Aramco takes war on speculators to whole new index
(Tamsin Carlisle - The National - 03/11/2009)
With oil prices thoroughly decoupled from the fundamentals of supply and demand, Saudi Aramco has decided it is time to nudge the market towards reality.
Last week, the world’s biggest oil company said that as of next January, it would use the...
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Oil in figures
(Kamel Al-Harami - Al Watan - 03/11/2009)
The recent announcements of 3rd quarter financial results for major international oil companies produced bad results in comparison to last years bonanza results. All of the international oil companies (IOCs) are maximizing costـcuts to the limit. Most of...
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IFC takes the lead
(Mushtak Parker - Arab News - 02/11/2009)
Middle East countries including Saudi Arabia, Jordan, Turkey, Iran, Egypt and even Libya have all shied away from raising funds from the Islamic capital market through a debut sukuk issuance citing current market conditions or surplus liquidity as reason...
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Saudi Arabia’s pharmaceutical market attracts multinationals
(Saudi Gazette - 01/11/2009)
The Saudi Arabian pharmaceutical sector is becoming increasingly attractive for multinationals to enter, driven by the expansion of private healthcare and altering patient demographics and also for domestic generics companies as the government looks to e...
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Asia looks enticing to Gulf investors
(Asa Fitch - The National - 31/10/2009)
The Kuwait China Investment Company (KCIC) is one of a number of firms in the Gulf seeking to build commercial and financial bonds between the Middle East and Asia, preparing to profit from a rise in consumer spending there as global economies recover.
...
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A real appetite for the mystery of DP World
(Frank Kane - The National - 31/10/2009)
Despite laudable efforts at transparency in its investor and public relations, there is still a fog of uncertainty surrounding DP World. This is not so much in terms of its own affairs – the ports and shipping business quoted on Nasdaq Dubai has arguably...
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Gulf stock markets brace for correction
(Uta Harnischfeger&Tom Arnold -The National - 31/10/2009)
Stock markets fell the most in two months on Thursday as a global sell-off was made worse by a host of quarterly profit declines across the key banking and construction sectors.
The gloom lifted late in the day when the US reported surprisingl...
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Gulf companies show signs of recovery
(Robin Wigglesworth - Financial Times - 31/10/2009)
After a difficult year, Gulf companies are beginning to show signs of recovering from the downturn, with third-quarter earnings figures making largely heartening reading. The results for 385 companies that have reported so far indicate an overall 25 per ...
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GCC needs to push forward pace of structural reforms
(Reena Amos Dyes - Business 24|7 - 29/10/2009)
Although expectations of long-term growth rates of the UAE and the GCC economies remain positive, these countries need to accelerate the pace of planned structural reforms and strengthen their macro-financial stability, said an economist.
In a...
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