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Middle Eastern inbound M&A reaches all-time high of $7.3 billion
(CPI Financial - 19/10/2017)

According to estimates from Thomson Reuters, Middle Eastern investment banking fees totalled an estimated $669.2 million during the first nine months of 2017, four per cent less than the value of fees recorded during the same period in 2016. Nadim

KAPSARC tackles challenges of electricity transition in GCC
(Saudi Gazette - 19/10/2017)

The King Abdullah Petroleum Studies and Research Center (KAPSARC) addressed the Climate Change Polices and Challenges of the Electricity Transition in the GCC, during the meeting of Association of Energy Engineers (AEE) Saudi Chapter in collaboration

Arab Petroleum Investments Corp hires banks for dollar sukuk
(Reuters - 19/10/2017)

Arab Petroleum Investments Corporation (APICORP) has mandated banks to arrange a series of fixed income investor meetings ahead of a potential five-year benchmark U.S. dollar-denominated sukuk sale, a document issued by one of the banks showed on

Oman: Gas output to boost GDP next year
(GulfBase - 18/10/2017)

NBK issues a research report where they expect real Oman’s GDP growth to weaken to 0.3 % in 2017 on oil output cuts and slower growth in consumption and investment, before picking up to 2.8% in 2018 thanks to a boost in gas production. The fiscal deficit

Property Monitor to provide detailed real estate statistics and data
(Press Release - 18/10/2017)

Property Monitor just became the only real estate data source in the United Arab Emirates (UAE) to provide a real-time real estate index to Bloomberg to display on their terminal. As of October 2016, there were 325,000 Bloomberg Terminal subscribers

Saudi KAEC to set up $20m capital fund for SMEs
(Trade Arabia - 18/10/2017)

The Saudi General Authority for Small and Medium Enterprises has signed a deal with King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, to set up a SR75 million ($20 million) capital fund, reported local news agency

Top global investment leaders to attend Saudi event
(Trade Arabia - 18/10/2017)

Saudi Arabia’s Public Investment Fund (PIF), one of the world’s leading sovereign wealth funds, announced today that top speakers from the investment world had confirmed their attendance at the invitation-only Future Investment Initiative (FII), to be

Qatar Chamber gears up for ‘Made in China 2017’ expo
(Gulf Times - 18/10/2017)

The staging of the third ‘Made in China’ exhibition from November 16 to 19 at the Doha Exhibition and Convention Centre (DECC) reflects “robust Qatari-Chinese relations,” an official of Qatar Chamber has said. Speaking at a press conference in the

Oman's central bank raises OMR63m through treasury bills
(Times of Oman - 18/10/2017)

Oman's central bank raised OMR62.81 million by way of a treasury bill. The treasury bill has a maturity period of 91days, from October 18 to January 17, 2018. The average accepted price reached 99.711 for every OMR100 while the minimum accepted price

Omani banks achieve 5.9% growth in credit at OMR23b
(Times of Oman - 18/10/2017)

Omani banks, including Islamic institutions, achieved a year-on-year growth of 5.9 per cent in total credit at OMR23 billion by August-end this year. Credit to the private sector alone grew by 6.4 per cent to OMR20.8 billion as of the end of August 2017,

Singapore Forum unveils opportunities in Qatar
(The Peninsula - 18/10/2017)

Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani has revealed the vast opportunites available for non-Qatari investors in Qatar. Foreign investors can invest up to 100 percent in several sectors in Qatar. He said foreign capital

Dubai forum zeroes in on sustainable investment
(Gulfnews - 18/10/2017)

The ‘Sustainable Investment Forum,’ which was held today as part of the ‘Dubai Investment Week 2017’ — organised by the Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy — witnessed a number of landmark partnerships and ideas

Revamped Islamic Economy strategy 2017-2021 on the cards
(Gulfnews - 18/10/2017)

The Dubai Islamic Economy Development Centre (DIEDC) is looking at implementing a refreshed Islamic Economy Strategy for 2017-2021 that will help realise the ‘Dubai: Capital of Islamic Economy’ vision. The board of the DIEDC held a meeting that reviewed

Staff turnover in the UAE higher than global average: report
(Gulfnews - 18/10/2017)

Salary hikes — and regular ones at that — may be the best way to get employees to stay on. But in the UAE more of them are just as likely to favour one employer over another based on the benefits, such as what they get on their medical insurance

OCCI to support IORA’s Tourism Resources Centre in Oman
(Oman Daily Observer - 18/10/2017)

The Ministry of Tourism will collaborate with the Oman Chamber of Commerce and Industry (OCCI) in setting up a new Tourism Centre as part of its commitment to the Indian Ocean Rim Association (IORA). The announcement came at the 17th Ministerial Meeting

Salalah Port development, expansion plans firm up
(Oman Daily Observer - 18/10/2017)

An action plan for the expansion and modernisation of Salalah Port, a key maritime and logistics hub on the Indian Ocean, is being firmed by Tanfeedh — the National Programme for Enhancing Economic Diversification in the Sultanate. The Implementation

Tourism sector GDP share set to be RO 1.63bn by 2027
(Oman Daily Observer - 18/10/2017)

The direct contribution of Oman’s travel and tourism industry to the Gross Domestic Product (GDP) of the country is projected to grow 8.1 per cent to RO 909.4 million in 2017, up from RO 841.3 million in 2016, according to the World Travel & Tourism

Volunteering opportunities for Expo 2020
(The Gulf Today - 18/10/2017)

Expo 2020 Dubai this week launches its search for more than 30,000 volunteers who will be the ‘face’ of the largest global gathering ever to be staged in the Middle East, Africa and South Asia. Expo 2020 promises to be a transformative and lasting

Value of K-net transactions surpassed $1 billion in 2016
(Arab Times - 18/10/2017)

Minister of Commerce and Industry Khaled Al-Roudhan said Tuesday that the transactions value of the retail payment system (K-net) in Kuwait has surpassed $1 billion in 2016. Digital business in Kuwait has seen lately a major prosperity, Al- Roudhan, also

Matic raises $3m to fund expansion in Middle East
(Saudi Gazette - 18/10/2017)

Matic, the leading online marketplace for cleaning services in the GCC incubated by Badir Program for Technology Incubators and Accelerators, has raised $3 million in a Series A investment round led by Middle East Venture Partners (MEVP), the leading

Leaders of sovereign wealth funds, global asset managers to discuss
(Saudi Gazette - 18/10/2017)

Saudi Arabia’s Public Investment Fund (PIF), one of the world’s leading sovereign wealth funds, announced Tuesday that top speakers from the investment world had confirmed their attendance at the invitation-only Future Investment Initiative (FII) to be

Al-Jadaan: Measures in place to ‘ensure comprehensive growth’
(Saudi Gazette - 18/10/2017)

Saudi Minister of Finance Mohammed Al-Jadaan has said that the level of confidence in global financial markets is rising, thanks to the growth of the global economy. He made the remarks while addressing the International Monetary and Financial Committee

Fintech threatens Gulf bank jobs
(Arab News - 18/10/2017)

The rising influence of financial technology (fintech) firms in the Gulf could eventually threaten jobs and profitability at the region’s banks, warned ratings agency S&P Global. With technological advancements helping fintech companies to offer faster

Sovereign wealth fund chiefs to gather in Riyadh
(Arab News - 18/10/2017)

Some of the biggest names in global fund management will descend on Riyadh next week to attend a keenly anticipated conference hosted by Saudi Arabia’s Public Investment Fund. It will bring together the heads of sovereign wealth funds with leaders of

Qatari Banks Cut Dollar Sales to Foreign Lenders
(Bloomberg - 17/10/2017)

Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to people familiar with the matter. Foreign exchange activity between local and international banks is