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Sohar Port’s container volumes grow 19 per cent in the first half
(Times of Oman - 31/08/2016)

Oman’s Sohar port has achieved an 18.6 per cent growth in container volume in the first half of 2016, over the same period of last year. The port has handled more than 313,000 twenty foot equivalent units (TEUs) in the first half of 2016, against 264,000

Oman’s logistics flagship to harness global expertise
(Oman Daily Observer - 31/08/2016)

Oman Global Logistics Group SAOC (OGL), the holding company set up by the government to deliver on the Sultanate’s ambitious logistics strategy, plans to tap international expertise in the development of a strong brand for the organisation, as well as

Japan to fund Abu Dhabi’s Hail Oilfield project
(The Peninsula - 31/08/2016)

Abu Dhabi Oil Company (ADOC) has signed a loan agreement with the Bank of Japan worth $378m to develop the UAE’s Hail Oilfield, UAE daily The National reported yesterday. The concession for this oilfield was acquired by ADOC from the Supreme Petroleum

UAE holds $18bn of Mena franchise market
(Trade Arabia - 31/08/2016)

The UAE commands $18 billion of the$30 billion franchise economy of the Mena region, said the event organisers of the upcoming Middle East Franchise Expo & Forum in Dubai, UAE. The third edition of the event will be held on October 25 and 26 at the

GCC eCommerce market to reach $20b by 2020: AT Kearney
(Gulfnews - 31/08/2016)

The e-commerce market in the Gulf Cooperation Council (GCC) countries is expected to grow to $20 billion (Dh73.4 billion) by 2020 from $5.3 billion in 2015, as online shopping grows in the region, according to a report by global consultancy AT Kearney.

Saudi Arabia signs initial deals with China
(Gulfnews - 31/08/2016)

Saudi Arabia signed 15 preliminary agreements with China on Tuesday in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammad Bin Salman aimed at bolstering relations with a top energy customer and trade partner. The visit is

UAE women top in real estate investment
(The Gulf Today - 31/08/2016)

The total value of women’s investments in Dubai’s local real estate market stood at Dhs13.689 billion during the first half of 2016, resulting from 6,736 transactions, Sultan Butti Bin Mejren, Director General of Dubai Land Department, revealed. Bin

GCC sports, fitness sector logs record growth
(Saudi Gazette - 31/08/2016)

Leading international sports and fitness brands are set to dominate next month’s The Leisure Show Dubai 2016 in a clear reflection of soaring regional interest in healthy living. More than a third of all exhibitors at the key industry event slated on

Bosch to expand presence in KSA, strengthen partnership with Juffali
(Saudi Gazette - 31/08/2016)

Dr. Uwe Thomas, chairman of the Automotive Aftermarket Divisional Board at Robert Bosch GmbH, and Sheikh Khaled Bin Ahmed Al Juffali managing partner and vice chairman at E.A. Juffali & Brothers Co., stressed on the growing partnership between the two

Mideast flights rise by 60%
(Arab News - 31/08/2016)

There has been a 60 percent increase of flights in the Middle East. This was noted at the Global Ministerial Aviation Summit, which focused on safety in air travel, on its second day Tuesday. Abdulelah O. Felemban, director general of the Aviation

Orpic’s 290-km long pipeline to be commissioned in 2017
(Times of Oman - 30/08/2016)

Oman Oil Refineries and Petroleum Industries Company (Orpic) on Monday said that the company’s 290-km-long pipeline to connect Mina Al Fahal refinery in Muscat with its Sohar refinery, will be commissioned in 2017. It is a two-way multi-product pipeline

Oman-China JV to invest RO 84m in four retail hubs
(Oman Daily Observer - 30/08/2016)

An agreement is due to be signed here tomorrow for the establishment of a network of four shopping and commercial hubs in key locations around the Sultanate. Total investment in the four centres, which will each be named ‘Chinese Commercial Town’, is

Japan to finance Abu Dhabi’s Hail offshore oilfield development
(The National - 30/08/2016)

The Japanese government is leading the financing for Abu Dhabi’s Hail offshore oilfield development, which is now expected to start producing next year at the earliest. The Japan Bank for International Cooperation (JBIC), the government’s main export

Expo Centre Sharjah sees strong growth in H1
(Khaleej Times - 30/08/2016)

Expo Centre Sharjah (ECS) on Monday announced that the first half of the year witnessed strong growth compared to same period last year. The centre hosted 15 consumer & trade exhibitions and conferences during the January to June period this year as

SMEs to get Dhs5b deals in Expo 2020
(The Gulf Today - 30/08/2016)

Expo 2020 Dubai on Monday announced that 20 per cent of the Expo’s total direct and indirect spending, representing more than Dhs5 billion in contracts, will be allocated to Small and Medium Enterprises (SMEs), both local and international. The 400,000

Dubai SME training programs in demand
(Saudi Gazette - 30/08/2016)

The Dubai Entrepreneurship Academy, the educational arm of Dubai SME, which is the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has seen a 57% increase in the enrollment

Foreign remittances see 35 percent drop
(Arab News - 30/08/2016)

The remittances sent by foreigners to their families fell by 35 percent or SR5.5 billion during July, down from SR15.8 billion in June to SR10.3 billion in July. July marked the lowest volume of remittances in 41 months since February 2013. According to

Oracle drives Cloud adoption in Saudi Arabia
(Saudi Gazette - 30/08/2016)

A SEAMLESS cloud transition was the key focus for Oracle PartnerNetwork (OPN) members who took part in an Oracle workshop in Riyadh on Monday. Dozens of Oracle Partners gathered to learn about the company’s latest database cloud services that will help

Kingdom keen to ensure competitive aviation services
(Arab News - 30/08/2016)

Forty-five countries are taking part in the three-day Global Ministerial Aviation Summit in Riyadh. The General Authority of Civil Aviation (GACA) is organizing the event. “The Kingdom realizes close cooperation among countries is the best way to ensure

Oman’s ARA Petroleum plans drilling campaign in Block 44
(Oman Daily Observer - 29/08/2016)

Oman-based ARA Petroleum, which recently signed an agreement to acquire Thai energy conglomerate PTT’s Oman operations, plans to carry out workover and drilling activities in the latter’s Block 44 licence onshore Oman over the next two years. ARA

Qatar, S Africa eye cooperation in transportation projects
(Gulf Times - 29/08/2016)

South Africa has lauded Qatar’s transportation-related projects, particularly the new Hamad Port, which, according to ambassador Saad Cachalia, is expected to boost bilateral relations between the two countries. Cachalia said the Hamad Port and the Doha

Qatar to levy airport tax on passengers
(Trade Arabia - 29/08/2016)

Qatar's government will levy a new airport tax on passengers from Tuesday, according to a circular to travel agents, as the country seeks new revenue streams amid falling oil prices. Every passenger leaving Qatar from Doha's Hamad International Airport,

Khalifa Port grows wider in major expansion plan
(Emirates 24|7 - 29/08/2016)

Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s ports and Khalifa Industrial Zone, has announced a major expansion plan for Khalifa Port. The expansion at Khalifa Port, one of the world’s fastest growing container, bulk cargo

Dubai’s rental declines are limited to the high-end
(Gulfnews - 29/08/2016)

Dubai’s residents are not getting much of a cheer from their rent renewals. Rents have declined — appreciably — only in select and upscale neighbourhoods while continuing to be at their “high” levels elsewhere in the city. And even in those mid-market

Abu Dhabi finalises uplift projects worth Dh4b
(Khaleej Times - 29/08/2016)

Abu Dhabi has finalised awarding 15 projects valuing Dh4 billion to expand its existing roads and infrastructure, as part of its efforts to contribute to achievement of the objectives of Abu Dhabi Plan. The infrastructure projects include five roads and