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Saudi tech startup sector rapidly evolving to help in economic expansion
(Saudi Gazette - 10/12/2018)

Saudi Arabia’s tech startup ecosystem may be nascent, but is rapidly evolving to support economic growth, a new report by Wamda, in collaboration with OC&C Strategy Consultants, shared at the Riyadh edition of Wamda’s flagship Mix N’ Mentor event held

Leading Emirates health care, education investor eyes Saudi Arabia
(Arab News - 10/12/2018)

Since launching Foundation Holdings in 2016, Abhishek Sharma has scoured the GCC and India for investment opportunities. Now, the prominent UAE health care and education investor is closing in on targets in Saudi Arabia.<br/><br/> “We are eyeing two

Qatar Chamber, Indonesian delegation discuss promoting cooperation
(The Peninsula - 10/12/2018)

The Qatar Chamber (QC) has discussed prospects of promoting cooperation in different investment fields, with a visiting Indonesian trade delegation headed by Head of Investment Division at the Indonesian Ministry of Tourism.<br/><br/> During the meeting,

Boosting trade & investment key to GCC growth: IMF
(The Peninsula - 10/12/2018)

Trade and investments are key to the diversification and growth in the GCC. Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth.<br/><br/> Such measures can support

Economic recovery expected to improve profitability of GCC banks in 2019
(Gulf News - 10/12/2018)

The GCC banking sector is set for improved profitability, better asset quality and stable balance sheet strength in 2019, thanks to a better operating environment supported by higher government spending, higher oil prices and government stimulus

Kuwait fund loans $10 mln to Madagascar
(Arab Times - 10/12/2018)

The Republic of Madagascar and the Kuwait Fund for Arab Economic Development (KFAED) have inked a loan agreement worth KD 3 million ( $10 million) for funding a river bridge project.<br/><br/> The deal was signed by Director General of KFAED Abdulwahab

Sharjah and Azerbaijan to strengthen economic ties
(The Gulf Today - 10/12/2018)

The Sharjah Chamber of Commerce and Industry, SCCI, held discussions with a trade delegation from Azerbaijan on developing economic cooperation, promoting mutual investments, exchanging trade missions, and building partnerships between the business

Sharjah FDI Forum 2018 begins today
(The Gulf Today - 10/12/2018)

The fourth edition of the Sharjah FDI Forum will be held on Monday under the patronage of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.<br/><br/> The two-day event titled ‘Shaping the Future of

Dubai receives 11.58m visitors in nine months
(The Gulf Today - 10/12/2018)

Dubai remains on track to becoming the most visited city for global travel, business and events, according to the latest visitation figures released by Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism).<br/><br/> The emirate welcomed

Sharjah 2019 budget sees $7bn spending
(Trade Arabia - 10/12/2018)

The UAE emirate of Sharjah has announced a budget with total expenses of Dh25.7 billion ($7 billion) for 2019, marking a 10 per cent growth in spending compared to its 2018 budget.<br/><br/> The budget projects an increase in spending on public safety as

Mideast airlines’ freight volumes up 5.0% in Oct.
(Saudi Gazette - 09/12/2018)

Air freight demand, measured in freight ton kilometers (FTKs), rose 3.1% in October 2018, compared to the same period the year before, the International Air Transport Association (IATA) latest data for global air freight markets showed.This pace of

SPARK: Megaproject designed to position KSA as global energy hub
(Saudi Gazette - 09/12/2018)

As a business strategy, localization can be right on the money, delivering reliability plus cost and time efficiencies to the bottom line. But the real power of local content development lies in its ability to add value beyond corporate borders, with a

Oman's banking sector outlook remains positive
(Times of Oman - 09/12/2018)

The Central Bank of Oman (CBO) continued to pursue monetary and banking policies supportive of growth in the country, while the outlook of the banking sector continued to remain positive in 2018.<br/><br/> The total outstanding credit extended by other

Oman Post Business Excellence Strategy prioritises customer service
(Oman Daily Observer - 09/12/2018)

Oman Post has put its Business Excellence Strategy into action and unleashed cutting-edge Lean principles across all its operations. The company has delivered a first-of-its-kind course for 100 Oman Post employees featuring Jeff Hargett, Senior Corporate

Sharjah Chamber to explore opportunities in Africa
(The Gulf Today - 09/12/2018)

The Sharjah Chamber of Commerce and Industry, SCCI, represented by the Sharjah Exports Development Centre, will organise a trade mission to Kenya and Uganda, as part of its strategy to find and develop marketing opportunities for local industries in

UAE to enhance confidence in jewellery industry
(The Gulf Today - 09/12/2018)

The Emirates Authority for Standardisation & Metrology – ESMA – has adopted three regulations for the jewellery industry, which contribute to achieving the highest levels of confidence for consumers, particularly in the diamond and jewellery

Q8 honored by Belgium-Arab trade body for helping Belgian economy
(Arab Times - 09/12/2018)

Kuwait Petroleum International, better known by its trademark Q8, was honored by the Arab-Belgium-Luxembourg Chamber of Commerce (ABLCC) Friday night for its contribution to the Belgian economy. The award was received by Kuwait’s ambassador to Belgium,

Korea & Kuwait relations based on strong bilateral ties since ’79’
(Arab Times - 09/12/2018)

The South Korean Ambassador to Kuwait His Excellency Dr Hong Youngki said the Korea-Kuwait relations are based on strong bilateral ties in many fields since 1979, reports Al-Qabas daily.<br/><br/> In an interview with the daily, Dr Hong disclosed that

S&P indice adds Kuwait
(Arab Times - 09/12/2018)

Kuwait’s stock market will be added to S&P Dow Jones Indices’ Global Benchmark Indices with an emerging market classification, said Kuwait’s market regulator, citing the index provider.<br/><br/> According to a report published on the website of Arab

Egypt, Kuwait fund ink two loan deals worth $135 mln
(Arab Times - 09/12/2018)

The Egyptian government and Kuwait Fund for Arab Economic Development (KFAED) inked on Saturday an agreement according to which the fund lends KD 15 million (USD 50 million) to Cairo as a contribution to funding construction of four water desalination

GCC banking outlook for 2019 stable: Moody's
(Trade Arabia - 09/12/2018)

The outlook for Gulf Cooperation Council (GCC) banking systems remains stable, reflecting their improving operating conditions, weakening but still, solid loan performance and strong capital, Moody's Investors Service said in a report.<br/><br/> Moody's

Chinese keen on buying, building factories in Mideast
(Saudi Gazette - 05/12/2018)

Together with the largest China sourcing platform, the Dubai edition of China Homelife exhibition on Dec. 11-13 at Dubai Exhibition and Convention Centre, is conducting a conference on the opportunities to buy and build factories locally and highlight

Saudi Arabia’s office market needs more high-quality space
(Arab News - 05/12/2018)

Office space rents remain under pressure in Saudi Arabia this year due to subdued occupier demand and a sluggish economy, according to a new report. While the Kingdom recorded a pick-up in economic growth in 2018 due to improved oil prices, declines

Entrepreneurs to drive UAE's future economic growth
(Gulf News - 05/12/2018)

Dubai is a renowned financial and business hub, but its rise to global prominence is in many ways rooted in the entrepreneurial spirit of pioneering businessmen and traders who took the leap into the unknown during the city’s early days. Today’s

UAE’s economic growth gains speed as job growth moderates
(Gulf News - 05/12/2018)

UAE’s real GDP growth continued to pick up momentum in the first three quarters of 2018 and is expected to keep up pace for the rest of the year while the employment growth in the country is expected to be modest according to the Quarterly Economic

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