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UAE higher education prospects ‘bright’ as revenues reach $1bn
(Saudi Gazette - 17/09/2017)

The prospects for the higher education sector in the UAE is bright, experts speaking at the forthcoming IPSEF Higher Education Forum said. UAE-based universities have grown consistently in enrolments and revenues at a robust compound annual growth rate

MEWA sponsors Saudi Agriculture Exhibition 2017
(Saudi Gazette - 17/09/2017)

In line with the government’s direction for promoting the private public partnership, The Ministry of Environment, Water and Agriculture (MEWA) signed an agreement with Riyadh Exhibitions Company to become the main sponsor of the Saudi Agriculture

DEWA announces winning tender for world’s largest solar project
(Arab News - 17/09/2017)

The Dubai Electricity and Water Authority (DEWA) has announced the winning tender for the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site concentrated solar power project in the world. DEWA awarded the tender to a

Profitability of Gulf Islamic banks to deteriorate in 2107, S&P says
(Arab News - 17/09/2017)

The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play, S&P Global Ratings said in its report. “We expect the slowdown at Islamic banks in the GCC will persist in 2017 after asset growth

Saudi customers prefer mobile banking: study
(Trade Arabia - 14/09/2017)

Banking customers in Saudi Arabia are increasingly using digital channels to conduct their transactions, with mobile banking leading the way, according to a new survey from software and communication services provider Avaya. The findings reveal that

Dubai July inflation falls to 1%, lowest since 2015
(Gulf News - 14/09/2017)

The Dubai Statistics Centre released the following July consumer price data for the Gulf Arab emirate on Thursday, showing annual inflation dropping to its lowest level — 1 per cent — since at least 2015. Housing and utility costs rose 0.9 per cent from

Dubai Economy, Frost & Sullivan to launch Future Industry Centre
(Trade Arabia - 14/09/2017)

Dubai Economy, the department of economic development of Dubai emirate, has signed a memorandum of understanding (MoU) with Frost & Sullivan, a technology intelligence gathering company, to launch the Future Industry and Foresight Centre. The aim of the

UBF launches first cyber threat sharing platform for UAE banks
(Gulf News - 14/09/2017)

The UAE Banks Federation (UBF), the professional representative body of banking industry comprising 48-member banks operating in the UAE, on Thursday launched its first Information Sharing and Analysis Centre (ISAC) in the UAE. The centre is powered by

UAE's defence industry spreads its wings beyond the region
(The National - 14/09/2017)

Defence companies in the UAE are increasingly looking beyond the Arabian Gulf region and are targeting clients in Europe and beyond. Such moves come as this country, one of the world's largest arms exporters, seeks to develop its domestic defence

Qatar lauded for diversifying economy away from oil, gas
(Gulf Times - 14/09/2017)

Qatar’s strategy to diversify its economy away from hydrocarbons was commended during a recently-held forum where the country’s energy minister said non-hydrocarbon contribution to GDP has climbed to 60%. “I would like to congratulate Qatar for its

$2.6bn Saudi railway to start operations in December
(Trade Arabia - 14/09/2017)

Saudi Arabia will start operations on the country's longest railway, running 2,750-km between capital Riyadh and the northern city of Gurayat, on December 24. It is being built at a cost of SR10 billion ($2.66 billion), said a report. The majority of the

Bahrain gives initial price guidance for multi-tranche dollar bond
(Gulfnews - 14/09/2017)

Bahrain has given initial price guidance for a multi-tranche dollar bond issue which is expected to raise at least $1.5 billion (Dh5.51 billion) in total. The guidance is in the 5.625 per cent area for a long seven-year sukuk issue, in the 7.25 per cent

UAE investors council makes decisions to support Emirati companies
(Gulfnews - 14/09/2017)

The UAE International Investors Council has made a range of strategic decisions to support the development of its working procedures, to serve its goals of promoting coordination and supporting Emirati companies that invest abroad. The Council made its

Major role for Oman in deep-water gas pipeline project
(Oman Daily Observer - 14/09/2017)

Plans for a deep-water pipeline supplying natural gas from Iran to India envision a pivotal role for Oman as a potential transit hub, source of gas supply, and even as an equity partner in the ambitious project. India’s top trade lobby, the Associated

UAE tourism, travel spending to exceed $56b
(The Gulf Today - 14/09/2017)

Spending within the UAE’s travel and tourism sector is expected to rise steadily over the next five years and reach over $56 billion in 2022 as new mega-projects come to market, a recent analysis conducted by the Dubai Chamber of Commerce and Industry

UAE, Chad review investment climate
(The Gulf Today - 14/09/2017)

The UAE-Chad Investment Forum, which attracted 15 ministers and 400 Emirati and Chadian companies, witnessed discussions on ways to increase Emirati investments in Chad. Organised by the Abu Dhabi Chamber of Commerce and Industry, the forum was attended

First Shariah-compliant M&A insurance policy in MENA region launched
(Saudi Gazette - 14/09/2017)

American International Group, Inc. (AIG), advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant mergers and acquisitions (M&A) insurance policy in the Middle East and North Africa region (MENA). AIG offers a range of

Saudi investors to remain confident in Dubai property sector
(Arab News - 14/09/2017)

Saudi Arabian investors will continue to put their faith in Dubai real estate because the emirate’s property market has a proven reputation for delivering long-term benefits, a developer said on Wednesday. Okbah Abdulkarim, Chief Operating Officer of

Hamad Port to position Qatar as re-export hub: GWC
(The Peninsula - 13/09/2017)

Having started several direct shipping lines from the newly-opened Hamad Port to major sea ports in India, Pakistan and Turkey, and nearly a dozen more destinations in the pipeline, Qatar will soon tap the port’s ‘re-exporting potential’, market experts

VAT’s implementation needs to go ahead come what may
(Gulfnews - 13/09/2017)

January 1, 2018 has been declared as the starting date for levying the value added tax (VAT) in the GCC. And despite the importance of such a move, recent developments with regard to the Qatar crisis have impacted on VAT’s combined roll-out. While some

UAE’s economy maintains competitive edge
(The Gulf Today - 13/09/2017)

The UAE maintains its competitiveness in terms of “Ease of Doing Business” in the World Bank’s global rankings, according to Ahmed Ali Al Sayegh, Chairman of Abu Dhabi Global Market. After the launch of the Global Financial Centres Index where Abu Dhabi

Pacts inked for development of Dhofar Wind Power Project
(Oman Observer - 13/09/2017)

The Rural Areas Electricity Company (RAEC), part of The Electricity Holding Company (Nama Group), yesterday inked a pair of agreements linked to the development of the Dhofar Wind Power Project — the first utility scale wind-based renewable project in

Shale oil producers to face 4 risks next year, says Saudi bank
(Arab News - 13/09/2017)

Shale oil production is seeing a recovery this year due to higher oil prices, and many in the industry forecast that producers will do well next year. Saudi investment bank Jadwa Investment has however identified four risks that shale oil producers will

Duqm woos petrochem firms
(Oman Tribune - 13/09/2017)

Wanfang Oman Company signed a memorandum of understanding (MoU) with Chinese Petrochemical Industries Federation on the last day of the promotional campaign ‘Invest in Duqm’ on Tuesday. The MoU provides for promoting Chinese companies working in the

Cityscape Global sees brisk sales
(Khaleej Times - 13/09/2017)

Cityscape Global, the most spectacular realty showcase of the Middle East, continued to draw buyers and investors in their hundreds during a bustling second day on Tuesday as developers unveiled around 40 new projects, including some mega development

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