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Oman aims for large conventional bond deal, sukuk to follow -investors
(Reuters - 28/02/2017)

Oman aims to conduct a large U.S. dollar bond sale this week that could exceed $2 billion, and also plans to issue dollar sukuk over the next few months to plug a budget deficit caused by low oil prices, investors said. The government intends to sell a

Slower UAE Islamic Bank growth will weaken asset quality
(Fitch Rating - 28/02/2017)

A slowdown in Islamic financing growth in the UAE will reveal a deterioration in banks' asset quality as portfolios season more quickly, according to Fitch Ratings. This will start to become evident as banks report their 2016 results. Financing growth

Dubai Real Estate Institute advances the region's real estate markets
(CPI Financial - 28/02/2017)

Dubai Real Estate Institute (DREI), has trained and developed more than 50 thousand students since 2009, and strives to raise the efficiency and expertise of those working in, or aspiring to, positions in various real estate sectors and activities. The

QFC and US-Qatar business council ink MoU to bolster bilateral busines
(CPI Financial - 28/02/2017)

The Qatar Financial Centre (QFC) Authority signed a Memorandum of Understanding (MoU) with the US-Qatar Business Council (USQBC) to expand collaboration between the two organisations and promote business between the United States and Qatar. "This

UAE group in record Dubai Lagoon land aquisition deal
(Trade Arabia - 28/02/2017)

Schon Properties, a major UAE property developer, has announced the transfer of 2.33 million sq ft developments at Dubai Lagoon to Xanadu Real Estate Development – a landmark move in the overall development of the Dh7 billion ($1.9 billion)

Souq.com launches bookstore with 6m titles
(Trade Arabia - 28/02/2017)

Souq.com, the Middle East’s largest online retail and marketplace platform, has launched its latest category- Global Bookstore, to provide customers access to over 6 million books on the platform. This huge category expansion for Souq.com makes books

Major shift needed in global food industry says expert
(Trade Arabia - 28/02/2017)

The global food industry needs to make fundamental shifts in its operations to advance food safety worldwide, the Global Halal Industry Platform held in Dubai has heard. The platform, organised by the Emirates Authority for Standardisation and Meteorogy

DP World extends deal with BravoSolution / Tejari
(Trade Arabia - 28/02/2017)

DP World has signed a five-year extended agreement with leading strategic procurement company BravoSolution / Tejari following a "highly successful" partnership. The deal was made following the existing five-year relationship where Tejari supported DP

Oman plans to borrow $2b from overseas markets
(Times of Oman - 28/02/2017)

Oman aims to conduct a large US dollar bond sale this week that could exceed $2 billion, and also plans to issue dollar sukuk over the next few months to plug a budget deficit caused by low oil prices, investors said. The government intends to sell a

Azerbaijan eyes Qatar investment inflows to agriculture, tourism
(Gulf Times - 28/02/2017)

Azerbaijan is keen to develop cooperation ties with Qatar in a range of sectors, particularly in agriculture and tourism, the president of Azerbaijan Export & Investment Promotion Foundation (Azpromo) has said. Rufat Mammadov said an Azerbaijan trade

Qatar's trade surplus surges by 62.2%
(The Peninsula - 28/02/2017)

Qatar’s trade surplus surged by a stupendous 62.2 percent or QR4.2bn in January on year-on-year and reached QR11bn. The trade balance surplus increased by nearly QR0.2bn or 2.3 percent compared to December 2016, according to preliminary figures released

Saudi reforms look more realistic with higher oil prices
(Gulfnews - 28/02/2017)

Saudi Arabia’s fiscal reforms are looking more realistic and within the reach of the broad targets and schedule set by the government, thanks to recent recovery in oil prices and gradual reforms gaining traction, according to economists. Growth rebound,

Pakistan is focussing on business friendly environment
(Gulfnews - 28/02/2017)

The government of Pakistan is focusing on creating a business-friendly environment that will be a boost to economy and attract foreign direct investment in the country, Pakistan Ambassador to the UAE said in Abu Dhabi on Monday. Speaking at a conference

Bahrain expects second Saudi-Bahrain causeway to boost tourism
(Arab News - 28/02/2017)

The proposed second causeway linking Saudi Arabia and Bahrain is likely to boost Bahrain’s tourism industry, Khalid Al-Rumaihi, CEO of the Bahrain Economic Development Board (EDB), told Arab News on the sidelines of the sixth Gulf Cooperation Council

Spanish trade mission to visit Oman next week
(Oman Daily Observer - 28/02/2017)

A trade mission from the Foreign Trade and Investment Institute of Castilla-La Mancha (IPEX) in Spain is due to visit Oman from March 5, 2017, according to the Economic and Trade Office of the Spanish Embassy. The six-member trade delegation represents

Dhs1.3b Silicon Park Project foundation laid
(The Gulf Today - 28/02/2017)

Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Monday unveiled the commemorative plaque and laid the foundation stone of

Scope of tax on foreign persons widened in Oman
(Oman Daily Observer - 28/02/2017)

The amended Oman Income Tax law published in the Office Gazette on Sunday brings several new categories of income within the scope of the provision for taxing foreign persons carrying out activities outside of a permanent establishment. According to a

Mena sovereign borrowing to fall by 20pc, says report
(Trade Arabia - 27/02/2017)

Middle East and Northern African (Mena) sovereign borrowing will decline 20 per cent this year to hit $136 billion, after increasing sharply in 2016, according to a report by global ratings agency S&P. This is on the back of fiscal consolidation

UAE inflation up 2.3% in January
(Gulfnews - 27/02/2017)

The cost of living in Dubai and the rest of the emirates went up this year, with the overall inflation rising by 2.3 per cent in January compared to a year earlier. The latest report released on Sunday also noted a .70 per cent rise in the consumer price

$294 bn oil, gas projects under way in MENA
(Oman Daily Observer - 27/02/2017)

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, according to Meed Insight’s Mena Oil and Gas Report

Lagarde advises Arab states on revenue generation
(The Gulf Today - 27/02/2017)

The Managing Director of the International Monetary Fund (IMF) Christine Lagarde recently provided recommendations to develop a medium-term strategy that would enable Arab countries to generate government revenues to support growth. “Gradual fiscal

France confirms commitment to Expo 2020 Dubai
(The Gulf Today - 27/02/2017)

France, which gave the world one of the most enduring symbols of World Expos, the Eiffel Tower, has confirmed its commitment to Expo 2020 Dubai, joining a growing number of nations who have publicly announced their participation. According to a press

Saudia Cargo named ‘International Cargo Airline of the Year’
(Saudi Gazette - 27/02/2017)

Saudi Airlines Cargo has been awarded the International Cargo Airline of the Year in Africa at an event organized by STAT Trade Times in Johannesburg, South Africa. The award received by Saudia Cargo VP Commercial Rainer Mueller & Saudia Cargo VP

6th GCC Financial Forum kicks off today
(Arab News - 27/02/2017)

Economic diversification in the Gulf and innovative approaches to the future of finance in the region will be the key issues to be addressed at the 6th GCC Financial Forum scheduled today in Manama. Around 600 experts in finance, economists and

Saudi King Salman launches investment drive with Asia tour
(Times of Oman - 26/02/2017)

Saudi Arabia's King Salman starts a month-long Asian tour on Sunday to build ties with the world's fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco. The ruler,