Gulf economies to post 4.8pc real growth in 2010
(The Peninsula - 10/11/2009)
IBQ, in its latest GCC brief, reports that the recent months have witnessed an overwhelming consensus that the global economy is on the road to recovery, suggesting that the bottom of the financial crisis is behind. A number of recent economic indicators...
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Qatar wealth fund awakens from its slumber
(David Lepeska - The National - 09/11/2009)
Recession, they might be wondering in Doha. What recession?
The country’s sovereign wealth fund, the Qatar Investment Authority (QIA) has been conspicuously active of late. In the past week alone, its fund subsidiaries Qatar Holdings and Diar ...
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Gulf region fuels engines of global growth: Expert
(Velina Nacheva - Kuwait Times - 09/11/2009)
"If India and China are the engines of growth for the global economy, the fuel for that growth is the Gulf region," said a banker from Dubais second largest lender.
John Iossifidis, Executive Vice President Head of International Banking with U...
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The revival of old projects and the five-year plan
(Kamel Al-Harami - Al Watan - 09/11/2009)
The kind of talk we are hearing from our government nowadays is that it is on the way to revive all industrial projects, and that our oil industry will be back on the petroleum map. It is certainly like music to the ear, but we hope is not merely rhetori...
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Islamic Finance is Coming of Age: IFC Lists Sukuk on DIFC
(Dr Nasser Saidi - Khaleej Times - 08/11/2009)
ON November 4, 2009 the International Finance Corporation, an affiliate of the World Bank listed an Islamic bond, a Sukuk on the DIFC’s international exchange, Nasdaq-Dubai. The IFC Hilal Sukuk is a dollar-denominated $100 million issue, ‘AAA’ rated, wit...
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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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