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Opportunities rise in construction sector
(The Peninsula - 30/04/2017)

The outlook for construction companies in the GCC will improve in 2017, according to the latest industry research report from Middle East business intelligence service MEED. The report said the region still offers significant opportunities for

UAE Insurance Authority to offer investors better protection with more
(The National - 30/04/2017)

The UAE Insurance Authority (IA) is pushing ahead with tough new regulations to transform the way savings, investment and life insurance policies are sold, offering investors better protection. The IA issued a second draft Circular No (12) last week,

GCC Value-Added Tax framework unveiled
(Oman Daily Observer - 30/04/2017)

A long-anticipated Gulf-wide framework for the rollout of Value Added Tax (VAT) was ratified by GCC member state Saudi Arabia last week, offering for the first time a comprehensive snapshot of what the new tax regime entails when it formally comes into

UAE Pavilion boosts Emirati-German business ties
(The Gulf Today - 30/04/2017)

After five days, 250,000 visitors and 6,500 exhibitors, Hannover Messe draws to a close, as the UAE Pavilion reflects on yet another successful participation for a milestone tenth year. The UAE Pavilion, consisting of 31 government and private sector

DLD records biggest land deal in Dubai
(The Gulf Today - 30/04/2017)

The Dubai Land Department (DLD) has recorded the biggest residential land sale in Dubai so far this year. The plot, measuring 120,000 square feet, has been sold by a businessman, Kamel Alzarka to an eminent Emirati for Dhs60 million. PH Real Estate

Ajman real estate sector draws huge appeal at Restatex
(Saudi Gazette - 30/04/2017)

In line with its commitment to promote the competitiveness of Ajman›s real estate segment, the Department of Land and Real Estate Regulation in Ajman has concluded its successful participation at this year›s edition of the Riyadh Real Estate & Urban

GCC’s construction outlook shines despite spending cuts
(Saudi Gazette - 30/04/2017)

The outlook for construction companies in the GCC will improve in 2017, according to the latest industry research report from Middle East business intelligence service MEED. Governments have been taking important steps to develop new revenue streams as

Liquidity situation improving in Oman, say bankers
(Times of Oman - 27/04/2017)

Bank liquidity in Oman is improving and financial institutions are in a comfortable position now, according to bankers, who attended the “New Age Banking Summit Oman” here on Wednesday. “The liquidity situation is improving now. We had undergone some

GCC value-added tax framework provides roadmap for Qatar: KPMG
(Gulf Times - 27/04/2017)

Following the release of the unified agreement for value-added tax (VAT) for the Gulf Cooperation Council (GCC) countries by Saudi Arabia, Philippe Norré, head (Indirect Taxes) at KPMG in Qatar, stated “this milestone was paving the way for the

Bahrain Marina masterplan unveiled at Gulf Property Show
(Trade Arabia - 27/04/2017)

Bahrain Marina Development Company, a wholly-owned subsidiary of the Social Insurance Organization (SIO), unveiled the masterplan of its ambitious project, Bahrain Marina, for the first time at the Gulf Property Show, currently under way in Bahrain.

UAE project awards surge 42.6% in the first quarter
(Gulfnews - 27/04/2017)

The value of UAE projects awarded rose by a solid 42.6 per cent quarter on quarter in the first quarter of 2017, with both Dubai and Abu Dhabi seeing significant increase. The value of projects awarded was above the two-year trend level and up a moderate

Small and medium-sized enterprises bloodline of UAE economy
(The Gulf Today - 27/04/2017)

Small and medium-sized enterprises, or SMEs, are the “bloodline” of the UAE economy, delegates from the UAE Pavilion have emphasised across activities at Hannover Messe, where Emirati innovators are exhibiting to large international audiences. As the

‘GCC-US economic ties can be well enhanced’
(Saudi Gazette - 27/04/2017)

Sidra Capital, a Saudi multi-family office, has invited the former Director of Economic Policy at the White House Todd Buchholz to Saudi Arabia to meet local investors to discuss the new Trump administration and its potential implications and influence

Saudi Forum 2017 to tackle opportunities as govt aims to hike FDI to 5
(Saudi Gazette - 27/04/2017)

Saudi Arabia is aiming to increase the foreign direct investment from 3.8% of its current GDP to about 5.7% in 2017, as part of its efforts to diversify its economy and boost investment inflows into the kingdom. Policymakers in Riyadh are also continuing

Saudis opt for personalized travel services through apps
(Saudi Gazette - 27/04/2017)

Saudi Arabia is ahead in the travel industry that is undergoing major transformation, according to industry leaders participating in this year’s 24th edition of the Arabian Travel Market, a global B2B exhibition showcasing over 2,800 products and

Record issuance marks GCC’s shift toward bonds from loans
(Arab News - 27/04/2017)

The volume of international bond issues from the Gulf may hit a record high for a second straight year in 2017 as lower oil prices crimp the capacity of banks to finance billions of dollars of investments and state budget deficits. Issuance data shows

UAE remains Oman’s top non-oil export market
(Times of Oman - 26/04/2017)

Oman’s neighbouring country, the United Arab Emirates (UAE), retained its position as the main destination of the country’s non-oil exports in the first eleven months of 2016. The Sultanate’s non-oil exports to the UAE touched OMR559.7 million, which

Qatar-Russia trade volume surges to record 93%
(The Peninsula - 26/04/2017)

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada said yesterday both Qatar and Russia are working on enhancing the bilateral cooperation to a higher level. The trade volume between Qatar and Russia grew a record 93 percent; the Minister

Qatar Petroleum GPP gets green signal for LNG export to NFTA countries
(The Peninsula - 26/04/2017)

Qatar Petroleum announced yesterday that Golden Pass Products (GPP) has received authorization from the US Department of Energy to export LNG to Non-Free Trade Agreement countries. Golden Pass Products, which is developing the LNG export project, is

Tourism key for growth and diversification in MENA
(Oman Daily Observer - 26/04/2017)

Tourism can be a key driver of the growth and economic diversification for the Middle East and North Africa region, concluded the 2017 Ministerial Forum organised by the World Tourism Organisation (UNWTO) and the Arabian Travel Market (ATM) in Dubai on

UAE ranks most connected country on LinkedIn
(The Gulf Today - 26/04/2017)

LinkedIn, the world’s largest professional network, released figures on Tuesday announcing that it has hit the 500 million members milestone across 200 countries and 22 million members in the Mena region. A professional community of this size has never

GaStat launches Saudi real estate index indicator
(Saudi Gazette - 26/04/2017)

GaStat launched last April 24 the Saudi real estate index indicator. This indicator is based on available registry data of the ministry of justice which are about real estate transactions. GaStat described this indicator as an essential tool that

Qatar’s hospitality sector maintains lead in Gulf region
(Saudi Gazette - 26/04/2017)

Qatar’s hospitality sector has once again ranked at the top of Gulf Cooperation Council destinations in the Guest Experience in the Middle East report, released by hospitality and travel data providers Olery. The report monitored and analyzed more than

Strategic thinking, execution critical to business success
(Saudi Gazette - 26/04/2017)

As organizations across the world grapple with rapidly changing internal and external challenges, it is imperative for business leaders to prepare themselves to thrive within this dynamic context. According to Ashridge, Saudi businesses are not immune to

Interest income of expatriates in Oman not subject to withholding tax
(Times of Oman - 25/04/2017)

Expatriates living in Oman can heave a sigh of relief as the government is not going to charge withholding tax on their interest income of their deposits in Omani banks. Earlier, when the government amended the tax law, there was a general belief that