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Sultanate’s healthcare insurance sector grows 17 per cent in 2016
(Oman Daily Observer - 25/09/2017)

The healthcare insurance sector in the Sultanate grew an impressive 17 per cent in 2016 over the previous year, underscoring the strong potential for investment in this promising industry, according to a high-level official of the sector’s regulator, the

Omani companies invite consultant for VAT preparation
(Times of Oman - 25/09/2017)

A section of Oman’s corporate sector is preparing the groundwork for creating systems and procedures to levy a value added tax (VAT) after the government announces new regulations and begins the registration process. As a first step, some large companies

GCC energy firms to capitalise on smart energy revolution
(The Peninsula - 25/09/2017)

A significant number of energy companies and investors from the GCC and the Middle East are witnessing a major transformation in power distribution and supply as utility service providers are gearing up to capitalise on ongoing smart energy revolution.

Govt capital infusion helps stabilise banking sector
(The Peninsula - 25/09/2017)

With the government injecting large amount of cash deep into the country’s banking system, the government and public sector deposits in Qatar banks witnessed a huge jump in August, according to two different sources. Qatar’s public sector deposits surged

Money supply in UAE decreased by 0.9% -- UAE Central Bank
(Gulfnews - 25/09/2017)

The UAE Central Bank said yesterday that the country’s money supply in different measures has decreased during the month of August 2017 by 0.9 per cent. In its monthly statements, the Central Bank figures showed that the decrease ranged between 1.5 for

Dubai Economy, DIHRD launch diploma in commercial compliance
(Gulfnews - 25/09/2017)

Dubai Economy, in collaboration with the Dubai Institute for Human Resources Development (DIHRD), announced on Sunday a professional diploma to qualify employees with the necessary knowledge and skills to ensure they are compliant with regulations. The

Costa Rica seeks UAE investments in its logistics sector
(Gulfnews - 25/09/2017)

Costa Rica is aiming to become a major logistics hub in Central America and Caribbean region with a $1 billion (Dh3.67 billion) mega port project, its deputy foreign trade minister told Gulf News in an interview. The project being developed on the

Annual China Trade Week UAE opens today
(The Gulf Today - 25/09/2017)

Despite the recent projected downward trend in Chinese trade growth, China looks set to maintain its position as Dubai’s biggest trade partner as the annual China Trade Week UAE returns from 25th - 27th September 2017. Currently, about 60 percent of

Dubai Chamber presents CSR Label to 14 companies
(Media Office Dubai - 25/09/2017)

The Dubai Chamber of Commerce and Industry honoured 14 companies for their corporate social responsibility and sustainability efforts during a ceremony held at its premises today. The Dubai Chamber CSR Label was presented to Emirates Gas for the seventh

Qatar gas exports to keep economy afloat: Minister
(Saudi Gazette - 25/09/2017)

Qatar's revenues from gas exports helped the country withstand the blockade imposed, Qatari Minister of Economy Sheikh Ahmed bin Jassim bin Mohammed Al Thani said. While the country has incurred additional costs in certain areas as a result of the siege,

First major cotton yarn plant in region comes to SOHAR Freezone
(Saudi Gazette - 25/09/2017)

Sultan Bin Salim Bin Said Al Habsi, Chairman of SOHAR Port and Freezone, led a high-level delegation from Oman to Jaipur, India Saturday. They met with ShriVallabh Pittie Group (SVP), one of the largest manufacturers of cotton yarn in India and a global

Saudi Arabia on course in big Maldives investment program
(Arab News - 25/09/2017)

Speaking on the sidelines of the UN General Assembly in New York last week, Mohamed Shainee said that relations between the Republic of Maldives and Saudi Arabia are “at their best for a very long time” — and he should know. Shainee is the Maldives

Popularity of Islamic banking products slumps in the UAE
(Arabian Business - 23/09/2017)

The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, the Middle East comparison website. Yallacompare data revealed during the first half of 2017 10.5 percent fewer

DEWA & Dubai Airports sign MoU to promote Smart Dubai
(Media Office Dubai - 23/09/2017)

Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding (MoU) with Dubai Airports, as part of the efforts to expand cooperation and joint efforts to promote Smart Dubai, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice

DIFC’s Global Financial Forum will explore opportunities
(Media Office Dubai - 23/09/2017)

Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia (MEASA) region, has today announced the preliminary speaker list for its inaugural Global Financial Forum (GFF). To be held on

UAE hails partnership with IAEA
(WAM - 23/09/2017)

Hamad Ali Al Ka’abi, Permanent Representative of the UAE to the International Atomic Energy Agency, IAEA, has expressed the UAE’s appreciation for the Agency’s efforts in assisting member states to benefit from the peaceful use of nuclear energy and the

Saudi to introduce bankruptcy law early next year
(Trade Arabia - 23/09/2017)

Saudi Arabia is set to introduce a bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, said a report, citing Saudi-owned broadcaster Al Arabiya reported citing the kingdom's Trade and

Saudi Arabia plans 80pc hike in gasoline prices
(Trade Arabia - 23/09/2017)

Saudi Arabia is considering raising domestic prices for gasoline and jet fuel by around 80 per cent from November, said a report. Octane-91 grade gas price will increase from 75 halalas per liter to SR1.35 per liter, reported The Saudi Gazette, citing

Saudi Domestic Sukuk: Indication of Financial Solidity
(Asharq Al Awsat - 21/09/2017)

The Saudi Finance Ministry announced on Monday that the third domestic sukuk issuance reached 350 percent in a record rate, while the first issuance was at 297 percent and the second at 300 percent. These figures indicate the solidity of the Saudi

Islamic banking products ‘losing appeal in UAE’
(Trade Arabia - 21/09/2017)

The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, a leading comparison site in the Middle East. By analysing statistics from its financial comparison platform,

Size of GCC asset management market to double by 2020
(The National - 21/09/2017)

Assets under management are forecast to more than double in 2020 from 2016 levels in the Arabian Gulf region as Sharia-compliant investments continue to rise and an expanding middle class presents more growth opportunities. The total assets managed by

Concept developed for new water and wastewater sector structure
(Oman Daily Observer - 21/09/2017)

A multinational team of advisers has helped develop a concept for a new operational structure through which water and wastewater infrastructure and services will be delivered throughout Oman, according to a top official of Nama Holding (formerly The

Siege countries failed to harm Qatari economy
(The Peninsula - 21/09/2017)

Qatari investors and members of the business community, including the Qatar Chamber (QC), the country’s oldest and largest private industry representative body, said that the blockading countries have failed in their plans to harm the Qatari economy.

Qatar-Kuwait trade set to grow
(The Peninsula - 21/09/2017)

Qatar-Kuwait bilateral trade is expected to witness a sharp jump in the coming years as businesses and investors from both the countries are working in close cooperation to tap growing business opportunities as a result of economic reforms in both the

UAE’s AUM seen at near $19b by 2020
(Gulfnews - 21/09/2017)

The total assets under management (AUM) in the Middle East, Africa and South Asia or popularly called as the MEASA Region are expected to surge to $678.9 billion (Dh2.5 trillion) in 2020, from $436.5 billion last year, and that of UAE fund managers are