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Deloitte predicts 2018 will be a year of change for Dubai’s real estat
(Press Release - 31/01/2018)

Deloitte the business advisory firm, has today launched the fourth annual Middle East Real Estate Predictions, Dubai, which predicts 2018 will be a year of change for Dubai’s real estate market, from the introduction of Value Added Tax (VAT) to the

Healthcare professionals discuss key topics at Arab Health congress
(Saudi Gazette - 31/01/2018)

The second day of Arab Health 2018 – the 43rd edition of the largest exhibition for healthcare and trade professionals in the MENA region, came to a close Tuesday, welcoming more than 4,200 exhibiting companies and 8,000 delegates from across the globe.

KPMG follows VAT implementation with new workshop
(Saudi Gazette - 31/01/2018)

Confirming its role as one of the best resourced professional service networks in the region, KPMG in Saudi Arabia is organizing a series of three workshops in Al-Khobar, Riyadh and Jeddah presenting the latest updates on the Jan. 1 implementation of the

Future of Gulf construction looks brighter, says survey
(Arab News - 31/01/2018)

There are signs of improving optimism in the Gulf construction sector, despite continued worries about delayed payments and contract disputes, a new report said. Overall sentiment in the building industry has risen by seven percent in the last two years,

UAE nuclear plant operator not ready to get license yet: regulator
(Arab News - 31/01/2018)

The company that will run the UAE’s first nuclear reactor, due to start up this year, is not ready to get its operating license yet, the country’s regulator said. UAE is building four nuclear reactors in what is one of the world’s largest nuclear

Duqm free zone attracts OMR610m investment
(Times of Oman - 31/01/2018)

The special economic zone in Duqm has attracted a total of OMR610.2 million in investments last year, which is expected to generate more than 2,200 jobs for both Omani nationals and expatriates. These investments are committed by 87 companies that signed

QCB mulls training centre to meet human capital of financial sector
(Gulf Times - 31/01/2018)

The Qatar Central Bank (QCB) is contemplating establishing a training centre in order to meet human capital needs in the country’s financial sector, it is learnt. “Broad contours have been drawn in this regard but specific details are yet to emerge,”

Banks credit to real estate sector stands at QR145.7bn
(The Peninsula - 31/01/2018)

Qatar banks’ credit facilities to the real estate sector stood at QR145.7bn in December 2017. Total domestic private sector deposits at local banks increased by QR8.2bn to QR356.5bn by the end of December, which is QR8.8bn higher than a year ago or 2.5

Dubai’s off-plan sales slip up in fourth quarter of 2017
(Gulf News - 31/01/2018)

Dubai’s off-plan sales didn’t have its way through all of 2017 — in the last three months of the year, ready property sales volumes actually gained 17 per cent while those of off-plan dipped, by 8 per cent. Not just that, transaction values on ready

UAE goes to WTO over Pakistan’s duties on BOPP food packaging
(Gulf News - 31/01/2018)

The United Arab Emirates has launched a trade complaint at the World Trade Organisation to challenge Pakistan’s duties on biaxially oriented polypropylene (BOPP) film, used in food packaging, a WTO filing showed on Monday. The UAE said the anti-dumping

Fourth Industrial Revolution will result in loss of traditional jobs
(Arab Times - 31/01/2018)

During the Human Capital Forum organized by local non-profit organization Nuqat and held in Sheikh Jaber Al-Ahmed Cultural Centre, Kuwait last week, Zain Group Vice-Chairman and CEO, Bader Al-Kharafi, delivered a keynote presentation to the packed

Pact inked for financing of Phase 1 of Frontier Town project in Duqm
(Oman Daily Observer - 31/01/2018)

Bank Nizwa signed a financing agreement with Duqm Development Company LLC (DDC), a member of the Asyad Group (Asyad), to finance Phase 1 of the Duqm Frontier Town project. The project covers 23 hectares and comprises retail shops, recreational facilities

DP World chief discusses future of trade at World Economic Forum
(The Gulf Today - 31/01/2018)

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, and other world leaders have discussed international partnerships to shape the future of world trade, on the sidelines of the World Economic Forum in Davos, Switzerland. Bin Sulayem met with

DCCI signs deals with 4 leading corporates
(The Gulf Today - 31/01/2018)

Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, has announced the signing of several deals between four leading UAE-based corporates and organisations, namely Dubai Chamber, flydubai, Emirates NBD, and Fiat Chrysler

GCC healthcare market seen hitting $94bn by 2021
(Trade Arabia - 31/01/2018)

Private healthcare in the GCC region, estimated at $62 billion in 2016, is forecasted to expand 8.7 per cent annually, to reach $94 billion in 2021, according to Mena Research Partners (MRP), a leading research company in the region. Saudi Arabia and UAE

Bapco leads the Energy Sector at Gulf Industry Fair
(Trade Arabia - 31/01/2018)

The Bahrain Petroleum Company (Bapco) is leading the Energy Sector at the upcoming Gulf Industry Fair 2018 as its Strategic Sponsor. Gulf Industry Fair 2018, the Northern Gulf’s only event dedicated to promoting industrialisation in the GCC, will take

Besix to build giant thermal waste recycling plant in Dubai
(Trade Arabia - 31/01/2018)

Belgian construction group Besix said its consortium with Switzerland-based Hitachi Zosen Inova has been awarded a contract to build one of the world's largest thermal waste recycling plants in Dubai, UAE, at an investment of €700 million ($869 million).

Turkey Becoming a Battleground for Gulf Lenders' Expansion
(Bloomberg - 30/01/2018)

Dubai’s biggest bank is in talks to potentially acquire Sberbank PJSC’s wholly-owned Turkish unit, joining peers from Qatar and Kuwait that have expanded in the country. Emirates NBD PJSC started preliminary discussions for Denizbank AS, it said in a

MEVP in talks with Saudi investors as it seeks opportunities in KSA
(The National - 30/01/2018)

Middle East Venture Partners (MEVP), a Dubai venture capital firm, is in talks with prospective partners in Saudi Arabia to co-invest in start-ups in the Arab world’s biggest economy, according to its founder. “Saudi Arabia is a massive country and we’re

Dewa awards water reservoirs project worth Dh6.3m
(Gulf News - 30/01/2018)

As part of the efforts to enhance the efficiency and reliability of the water network, Dubai Electricity and Water Authority (Dewa) awarded a consultancy project worth Dh6.3 million to design and construct two water reservoirs. The projects will come up

UAE, Singapore discuss bolstering cooperation
(Gulf News - 30/01/2018)

The UAE Ambassador to Singapore Mohammad Omar Abdullah Belfaqeeh, yesterday met with Singaporean Minister for Trade and Industry S Iswaran to review bilateral relations and joint cooperation between the two countries. The two sides expressed the

UAE banks lead arrangers for dual syndicated term facility to TDB
(Gulf News - 30/01/2018)

UAE-based banks like Emirates NBD, First Abu Dhabi Bank and Mashreq Bank along with the Bank of Tokyo-Mitsubishi were the lead arrangers of a $332 million dual tranche and dual currency syndicated term facilities given to the Eastern and Southern African

China's wealth becomes X factor in Dubai realty
(Gulf News - 30/01/2018)

The China effect on Dubai’s real estate market is only going to get bigger. High networth Chinese buyers are looking at a selection of projects from Dubai’s leading developers to see what sort of exposures they can commit to. Over the last weekend, the

Mena ‘needs $180bn to add required power capacity’
(Trade Arabia - 30/01/2018)

The Mena region will need investments of approximately $180 billion to add a capacity at 7.4 per cent annually until 2021, which corresponds to additions of more than 130GW, according to estimates by Arab Petroleum Investments Corporation (Apicorp),

Bahrain to build new hitech medical city
(Trade Arabia - 30/01/2018)

Bahrain is set to build a new integrated medical city complex in the north of Muharraq governorate of the kingdom which will include a maternity hospital, a therapy sclerosis centre and an elderly care facility, said a report. The project was announced