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Materials Handling Saudi Arabia ’18 showcases as many as 100 brands
(Saudi Gazette - 29/11/2018)

Focused on innovative trends and new technologies driving the industry change, Materials Handling Saudi Arabia 2018 trade show, opened its doors on Wednesday at Park Hayat, showcasing as many as 100 brands from 23 local and international companies known

UAE inflation eases to 1.6%
(Gulf News - 29/11/2018)

UAE’s annual inflation rate eased to 1.6 per cent in October of 2018 from 3.1 per cent in the previous month. It was the lowest inflation rate since October of 2017.<br/><br/> On a monthly basis, consumer prices went down 0.5 per cent, after a 0.6 per

New Abu Dhabi resolutions to boost businesses
(Gulf News - 29/11/2018)

The Abu Dhabi Executive Council has approved a resolution to exempt all new economic licences issued in the emirate from all local fees for two years, effective from the date of issue.<br/><br/> The council has also approved another resolution exempting

ACCI’s membership grows during Q3, 2018
(The Gulf Today - 29/11/2018)

The membership of the Ajman Chamber of Commerce and Industry (ACCI) has grown by 4 per cent during the third quarter of 2018 as compared to the same period last year. According to Salem Al Suwaidi, Director General of Ajman Chamber, the number of the

UAE, Belarus central banks sign MoU
(The Gulf Today - 29/11/2018)

The Central Bank of the UAE (CBUAE), and the National Bank of the Republic of Belarus (NBRB), have signed a Memorandum of Understanding to establish an arrangement for sharing of supervisory information and enhancing of cooperation in the area of banking

Dubai highlights business events sector at IBTM
(Trade Arabia - 29/11/2018)

Dubai’s growing business events sector, a key contributor to the emirate’s economy, is being showcased this week to an audience of international meetings industry professionals at the ongoing IBTM World in Barcelona, Spain.<br/><br/> Dubai Business

Saudi Arkad signs strategic co-op deal with Bilfinger
(Trade Arabia - 29/11/2018)

Arkad, a leading engineering and integrated projects company based in Saudi Arabia, said it has signed an strategic co-operation agreement with global engineering and industrial solutions powerhouse Bilfinger to help accelerate growth and drive

Global economy will see growth in 2019: Al Habtoor
(Trade Arabia - 29/11/2018)

The global economy is stronger now than previous years and will continue to grow from 2019 onwards, said Khalaf Ahmad Al Habtoor, a leading businessman in the UAE. <br/><br/> Al Habtoor is the founding chairman of Al Habtoor Group, one of the largest

Saudi PIF launches mega sustainable tourism project
(Trade Arabia - 29/11/2018)

Saudi Arabia's Public Investment Fund (PIF) has announced the launch of a mega sustainable tourism project, Wadi Al Disah Development (valley of palm trees), which will come up on the southwest of Tabuk region of the kingdom.<br/><br/> Located within the

Kuwait’s EQUATE keen on energy sustainable dev
(Arab Times - 29/11/2018)

An official from Kuwait’s EQUATE Group, a global producer of petrochemicals, said that it was very keen on achieving energy sustainable development. On the sideline of the threeday 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum

Saudi investors in Kuwait to ‘explore’ opportunities
(Arab Times - 29/11/2018)

A Saudi trade delegation is currently visiting the country to discuss prospected joint enterprises by businessmen from the two neighboring countries.<br/><br/> The Saudi delegation visit aims at discussing opportunities for investment and commercial

Strengthening regulatory system urged to optimize potential of Islamic finance
(Saudi Gazette - 28/11/2018)

The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has published the second edition of the Global Report on Islamic Finance, which highlights steps for unleashing the potential of Islamic finance to help

Mideast e-Commerce set for higher growth
(Saudi Gazette - 28/11/2018)

China is leading the world with more than 40 percent of the world’s e-Commerce transactions which accounted for just 1 percent of transactions a decade ago according to a McKinsey report in 2017. Digital technology platform innovators such as Alibaba,

Saudi Arabia to boost mining sector to $64bn GDP contribution
(Arab News - 28/11/2018)

Saudi Arabia is seeking to develop its mining sector to increase its current GDP contribution from $17 billion to $64 billion. Khalid Al-Falih, minister of energy, industry and mineral resources, said the Kingdom’s strategy includes 42 initiatives to

Malaysia offers Qatar opportunities in food processing, healthcare
(Gulf Times - 28/11/2018)

Malaysia, which is expanding its halal industry, wants Qatar to participate in investment opportunities in the Southeast Asian country’s food processing sector, according Deputy Prime Minister Dato’ Seri Dr Wan Azizah Wan Ismail.<br/><br/> Ismail made

Experts discuss impact of new tax regulations
(Times of Oman - 28/11/2018)

Recent developments in the local, regional and global tax environment, including a growing focus on transparency and technological demands, are putting pressure on organisations to adapt to new norms. Against this backdrop, KPMG organised the KPMG MESA

Abu Dhabi introduces fee exemption for new economic licenses
(Gulf News - 28/11/2018)

Under the directives of His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi Executive Council has approved a resolution to exempt all new economic licenses issued

French Business Syndicate to explore investment options in Duqm SEZ
(Oman Daily Observer - 28/11/2018)

Four leading French companies — CMA CGM, EDF Renewables, Fives and SUEZ — announced yesterday the creation of a French Business Syndicate to explore opportunities with investment in the Special Economic Zone (SEZ) at Duqm.<br/><br/> It follows a recent

Khalifa Fund continues to support SME growth
(The Gulf Today - 28/11/2018)

Khalifa Fund for Enterprise Development (KFED), in collaboration with Dubai Exports and the participation of the Ministry of Economy (MoE), organised a discussion session on export inaugurated by Abdulla Al Darmaki, CEO of Khalifa Fund for Enterprise

Financing deal for Stage Two of UAE railway signed
(The Gulf Today - 28/11/2018)

The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. Stage Two will extend 605 kilometers from Ghuweifat on the border with Saudi Arabia to

IPM attracts over 600 delegates
(The Gulf Today - 28/11/2018)

Countries from every corner of the planet gathered in the UAE for Expo 2020 Dubai’s third International Participants Meeting (IPM), marking another important milestone on the journey to the Middle East, Africa and South Asia (MEASA) region’s first ever

ME finance firms ‘must adapt to investor needs’
(Trade Arabia - 28/11/2018)

Financial advisory firms in the Middle East must modernise and enforce leadership changes to steer the market away from its current sales-driven mentality, said an industry expert, noting that a drastic change is needed in how to approach clients in the

Saudi Arabia's construction costs up 1.9pc in 12 months
(Trade Arabia - 28/11/2018)

The construction costs across Saudi Arabia surged by 1.9 per cent during the third quarter compared to the same period last year mainly driven by key industry issues linked to workload and labour, said a report by Canadian real estate expert Colliers

GCC chemical industry performance improving: report
(Trade Arabia - 28/11/2018)

The GCC chemical industry’s performance has improved on all fronts, including in revenue, employment, production capacity and export, marking a key step in its journey towards transformation, according to a recent report.<br/><br/> This was revealed in

Global cooperation ‘can open new doors for Islamic Finance’
(Trade Arabia - 28/11/2018)

Regional and global cooperation can open new doors for the Islamic finance sector and we cannot hope for a new growth paradigm while maintaining the status quo, said Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain.<br/><br/> Speaking at the

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