2017 2016 2015 2014 2013 2012 2011 2010 News Archive
January February March April May June July August September October November December
Business licensing system caps major achievements
(Gulf Daily News - 31/12/2015)

The launch of Business Licensing Integrated System (BLIS), a food manufacturing complex being built in Hidd with a new $90-million biscuit factory as its centrepiece, 96.4 per cent resolution of consumer disputes and Manama being declared the capital of

Oman’s Steel industry seeks punitive duties on cheap imports
(Oman Daily Observer - 31/12/2015)

Oman’s top steelmaker Jindal Shadeed Iron & Steel (JSIS) has sought the intervention of authorities in safeguarding the interests of the nation’s fledgling iron and steel industry as it deals with a tide of “cheap” steel imports flooding the domestic

Loans at lower interest rates to spur inflation
(Times of Oman - 31/12/2015)

Lower interest rates offered by banks in Oman on personal loans will increase market prices and fuel inflation, experts say. All leading banks have dropped their interest rates from about 6.5 per cent to as low as 3.9 per cent annually in the past nine

Qatar Airways expands fleet adding 29 new aircraft in ’15
(Gulf Times - 31/12/2015)

Qatar Airways has seen its fleet expand by about 20% in 2015, a year that also saw the national airline crossing many milestones including its success as the ‘global launch customer’ for Airbus A350. Qatar Airways added some 29 new aircraft to the fleet

Qatar banks record surge in personal loans
(The Peninsula - 31/12/2015)

Loan growth has remained strong across the GCC markets as a whole, however, banks in Qatar have witnessed the highest increase of 14.1 percent year on year, according to research from Global Investment House. As a reflection, the compareit4me group, who

Bahrain to host GCC human resources forum
(Trade Arabia - 31/12/2015)

Bahrain will host the third GCC Human Resources Conference on February 24 and 25. Act Smart Public Relations Consultancy, Bahrain Society for Human Resources Training and Development, and Innovation Forums of Saudi Arabia will jointly organise the forum,

Saudi finance minister plans VAT in 2 years -newspaper
(Gulfnews - 31/12/2015)

Saudi Arabian finance minister Ebrahim Al Assaf said the kingdom expects to introduce value-added tax in two years, aiming for a tax rate of around 5 per cent, the Saudi-owned Al-Hayat newspaper reported on Wednesday. “VAT will be introduced gradually

Dubai’s non-oil foreign trade hits Dhs966 billion
(The Gulf Today - 31/12/2015)

Dubai has managed to contain the impact of the instability of the global economic environment, marked by a decline in commodity prices and currency rates, to maintain a strong economic performance in 2015. Despite the adverse impact of the recent

Oman to raise taxes, gas prices
(The Gulf Today - 31/12/2015)

The Council of Ministers of Oman has approved raising the rates of taxes on the profits of companies and revising and raising fees payable against some government services, as well as revising the prices of petroleum products (oil products) in a manner

KSA ready to meet more oil demand
(Saudi Gazette - 31/12/2015)

Saudi Arabian Oil Minister Ali Al-Naimi said the kingdom, the world’s top crude exporter, does not limit its output and has the capacity to meet additional demand, the Wall Street Journal reported on Wednesday. “We will satisfy the demand of our

Ajman Ruler approves 2016 budget
(The Gulf Today - 31/12/2015)

His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman has issued Emiri Decree No. 13 of 2015, approving the general budget of the Ajman government for the fiscal year 2016, with a total expenditure of about Dhs1.171

Saudi reforms to ensure a sustainable and viable economy
(Arab News - 31/12/2015)

A new era of fiscal consolidation and adjustment had commenced with this year’s budget to avoid a repeat of the 1980s and 1990s. Indeed, the entitlement nature of wages and salaries that constitute more than 30 percent of total actual expenditures makes

KSA plans to privatize some state entities over the next five years
(Arab News - 31/12/2015)

In line with the trend of the previous year, Saudi Arabia forecasted a deficit of SR326.2 billion with projected revenue of SR513.8 billion and expenditure of SR840.0 billion. The 2016 budget, the first since Custodian of the Two Holy Mosques King

Kingdom will not limit oil output, can meet customer demand
(Arab News - 31/12/2015)

Petroleum and Mineral Resources Minister Ali Al-Naimi said the Kingdomdoes not limit its output and has the capacity to meet additional demand, state television Al Ekhbariya reported. “The increase in production depends on ... the demand of the

Oman Corporate tax hike could boost 2016 receipts to RO 670m
(Oman Daily Observer - 30/12/2015)

Corporate tax revenues could swell by as much as RO 135 million next year if the Omani government decides to heed a call by the Majlis Ash’shura to raise the tax rate by three percentage points, a leading tax consultant has revealed. Davis Kallukaran

Oman’s Al Ansab STP to get membrane bioreactor from Japanese firm
(Oman Daily Observer - 30/12/2015)

Japanese heavy equipment manufacturer Kubota Corporation has secured a contract to supply one of the world’s biggest membrane bioreactors (MBR) for installation at the Al Ansab Sewage Treatment Plant (STP) project in Muscat Governorate. The

Port of Duqm set to start mineral exports in February
(Times of Oman - 30/12/2015)

Port of Duqm plans to start export of minerals for the first time in February next year, said a top-level official of the port. The port has already set up facilities for ‘early operation’ of its break bulk terminal for exporting 50,000 tonnes of

Islamic banking assets up 16% in 2015; Qatar among key markets
(Gulf Times - 30/12/2015)

Islamic retail and commercial banking assets continued to grow at 16% in 2015, at the same rate they did in 2014. This is one of the key findings of the recently issued World Islamic Banking Competitiveness Report 2016 by consultancy EY. The study says

Technical training session held at Total Research Centre-Qatar
(Gulf Times - 30/12/2015)

Total’s senior international specialists from its Exploration & Production Scientific and Technical Centre in Pau, France, recently organised a technical training session at the Total Research Centre-Qatar (TRC-Q) for more than 40 employees from partner

Qatar private sector may feel heat if QCB responds to Fed liftoff
(Gulf Times - 30/12/2015)

Qatar, which has not yet responded to the liftoff of interest rate by the US Federal Reserve, can afford to wait in the short term, but will have to eventually reciprocate, which may slowdown the private sector that is increasingly becoming a growth

Saudi Aramco to build world's largest gas complex
(The Peninsula - 30/12/2015)

Saudi Aramco intends to build the largest industrial complex for gas in the world a cost of $2.1 billion in Jazan. The new project will supply 20,000 metric tons of oxygen and 55,000 metric tons of nitrogen to its Jazan refinery for 20 years, the Saudi

Assets of banks touch QR1.11 trillion
(The Peninsula - 30/12/2015)

Qatar banks’ assets (and liabilities) increased QR27.9bn, or 2.6 percent, to QR1.11 trillion in November, compared with QR1077.9bn recorded in the previous month. The government and public sector deposits touched QR220.7bn, a decrease of QR11.4bn, in

Kuwaiti developers break ground on $1bn UAE mall
(Trade Arabia - 30/12/2015)

Leading Kuwaiti developers National Real Estate Company (NREC) and United Projects for Aviation Services Company (UPAC) on Tuesday broke ground on the $1-billion Reem Mall project coming up in Abu Dhabi, UAE. Senior executives from NREC and UPAC

Saudi Arabia in a strong position to tap debt market
(The National - 30/12/2015)

Saudi Arabia is in a good position to approach the international debt market next year thanks to the expected issue’s scarcity value, the country’s low debt-to-GDP and reforms in the 2016 budget, analysts said. “New issuance in the international market

Gulf economies embark on reforms as oil prices plunge
(Gulfnews - 30/12/2015)

Gulf countries are undertaking reforms to cut subsidies and increase fuel prices as oil hovers near eleven year lows on abundant supply and slowing demand. Bahrain will be increasing fuel prices starting from Friday, according to Bahrain News Agency.

  • Portfolio Current Value
  • Today's Gain
  • Overall Gain
  • Overall Gain (%)

  •   ()
  • ({{ideas.ChangePer|number:2|suffix:'%'}})