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Economic participation of Saudis rises, unemployment rate remains stable
(Saudi Gazette - 30/04/2018)

The General Authority for Statistics (GASTAT) released on its official website www.stats.gov.sa the Labor Market Bulletin for the fourth quarter of 2017, which provides comprehensive data and indicators on the Saudi labor market taken from the labor

Arab E-Commerce Summit to fuel e-commerce growth
(Saudi Gazette - 30/04/2018)

The region’s leading e-commerce and retail industry experts are going to converge in Dubai next month for the 2018 Arab E-Commerce Summit. The 1-day summit, which will take place at Hotel Al Bustan Roda in Dubai on May 7, seeks to act as a catalyst to

Branson in talks to develop nationwide KSA hyperloop
(Arab News - 30/04/2018)

A nationwide hyperloop transport network could reduce traveling times in Saudi Arabia from hours to a matter of minutes under plans by Sir Richard Branson, the Virgin entrepreneur. Speaking exclusively to Arab News on the sidelines of an event in Dubai

Oman’s budget deficit to decline further
(Times of Oman - 30/04/2018)

Oman's Tanfeedh plans for economic diversification are well underway, as the government seeks to diversify away from its traditional fossil-fuel based sources of income, a senior development head in Oman has said.<br/><br/> Speaking at the 2018 Oman

ICC Qatar to organise banking workshop
(The Peninsula - 30/04/2018)

The International Chamber of Commerce (ICC) Qatar will organise its third banking workshop titled ‘Trade Finance: ICC Rules & Best Practices - Traditional Instruments versus New Solutions’ on May 2018 at the Grand Hyatt Hotel.<br/><br/> The event will be

UAE banks to experience strong liquidity this year
(Gulf News - 30/04/2018)

The liquidity situation in the UAE’s banking sector is much more comfortable due to surging oil prices, as compared to the previous two years, and banks are expected to experience an abundance of funds in the near term, banking sector analysts and rating

OBA organises Arab Financial Inclusion Day
(Oman Daily Observer - 30/04/2018)

The Oman Banks Association (OBA), as part of its commitment to global best practices, and to raise awareness of the importance of financial inclusion, organised a seminar on Thursday, April 26, 2018, at Bank Muscat’s Head Office. This seminar came as

Investors being lined up for Khasab, Shinas ports
(Oman Daily Observer - 30/04/2018)

The Ministry of Transport and Communications says it is hopeful of clinching a deal with a partnership of Omani and international investors in the development of Khasab and Shinas ports located in the north of the Sultanate. Talks are under way with a

Dubai Customs inks MoU with BPG to curb counterfeiting
(Media Office Dubai - 30/04/2018)

Dubai Customs signed a memorandum of understanding with the Brand Owners’ Protection Group GCC & Yemen (BPG) to promote bilateral co-operation and to exchange relevant information in order to counter counterfeiting and piracy.<br/><br/> Abdullah Mohammed

Abu Dhabi inflation averages 3.9% YoY in Q1 2018
(The Gulf Today - 30/04/2018)

The Statistics Centre — Abu Dhabi, SCAD, issued on Sunday its monthly report on the consumer price index, CPI, and the inflation rate in the Emirate of Abu Dhabi for March 2018, with 2014 fixed as the base year. The report also details CPI results by

Enoc energy partner of Expo 2020 Dubai
(The Gulf Today - 30/04/2018)

Emirates National Oil Company (Enoc) has been appointed Expo 2020 Dubai’s Official Integrated Energy Partner with plans to set up a ‘service station of the future’ at the next World Expo.<br/><br/> In line with its commitment to support the

US Pentagon approves $911m weapons sale to Bahrain
(Trade Arabia - 30/04/2018)

US Department of Defense has approved the possible sale of combat helicopters and aircraft missiles to Bahrain at an estimated cost of $911.4 million, a Pentagon agency said in a statement.<br/><br/> Bahrain has requested attack helicopters AH-1Z,

Saudi King lays stone for mega entertainment hub
(Trade Arabia - 30/04/2018)

Saudi Arabia's King Salman bin Abdulaziz Al Saud on Saturday laid the foundation stone for the kingdom's new recreational, sports and cultural hub, the Saudi Press Agency reported.<br/><br/> The project will be built in Qiddiya area, some 40 km west of

Saudi Arabia gets 1st solar-powered gas station
(Saudi Gazette - 29/04/2018)

Saudi Arabia’s first solar-powered gas station has just been opened in the Red Sea city of Jeddah.<br/><br/> The inauguration comes on the heels of the Kingdom’s switching on its drive towards solar power, kicked of in February with the Ministry of

UAE perfumers carve their niche in $50b global fragrance industry
(Saudi Gazette - 29/04/2018)

Two UAE perfumers with a passion for fine fragrances are carving their own niche in a $50 billion global fragrance industry, with their latest creations on show at the Middle East’s largest beauty and wellness trade fair this May in Dubai.<br/><br/>

BMI Research upbeat on Saudi Arabia's economic rebound this year
(The National - 29/04/2018)

The Saudi Arabian economy, the biggest in the Arab world, is poised to grow by 1.6 per cent this year amid a rebound in oil prices and an easing of fiscal austerity, according to BMI Research.<br/><br/> Private sector activity, however, will regain

Oman energy, water exhibition, conference to begin on Monday
(Times of Oman - 29/04/2018)

The Oman Energy and Water Exhibition and Conference will begin on Monday at Oman Convention and Conference Centre under the patronage of His Highness Sayyid Taimour bin Asa'ad Al Said, Assistant Secretary General for Communications at the Research

Total deposits at Omani banks reach OMR22 billion
(Times of Oman - 29/04/2018)

The banking sector in the Sultanate continued to witness reasonable growth and supported the economic diversification initiatives including credit needs of all segments with added emphasis towards the small and medium enterprise (SME) sector.<br/><br/>

Over 1.2 million hotel guests in Abu Dhabi in first quarter
(The Gulf Today - 29/04/2018)

The number of hotel guests staying in the emirate’s 163 hotels and hotel apartments in March reached 464,960, representing an increase of 12.3 per cent compared to the same month last year, according to figures released by the Department of Culture and

Business confidence in Dubai zooms
(The Gulf Today - 29/04/2018)

The latest business confidence survey conducted by the Department of Economic Development (DED) shows that economic conditions during the first quarter of 2018 (January-March) have improved over the same quarter of last year, and also over Q4 2017. The

Expo 2020 Dubai second mega event to get CIPS award
(Trade Arabia - 29/04/2018)

Expo 2020 Dubai has become the first World Expo and the second ever ‘mega-event’ to secure a Procurement Excellence award from the highly respected Chartered Institute of Procurement & Supply (CIPS) organisation, a major vote of confidence for the next

Abu Dhabi to complete $32m infrastructure project in Q2
(Trade Arabia - 29/04/2018)

The Abu Dhabi City Municipality (ADM) is set to complete Dh118 million ($32.3 million) worth of development projects during the second quarter in co-operation with Musanada.<br/><br/> The civic body has nearly completed the Roads and Infrastructure

First green residential city to come up in Oman
(Trade Arabia - 29/04/2018)

Oman-based Zain Real Estate Development has awarded the contract for 122-villa-unit Al Muna Gardens, the first-ever green residential city in the heart of capital, Muscat, to leading contractor SMC Infra, reported Times of Oman.<br/><br/> Al Muna Garden

Qatar & Nepal chambers ink MoU
(The Peninsula - 28/04/2018)

Qatar Chamber and Nepalese Chamber of Commerce and Industry yesterday signed a memorandum of understanding to enhance cooperation and exchange of information and meetings.<br/><br/> The MoU was signed on the sidelines of a meeting held between Qatar

Saudi Arabia has lion’s share of regional philanthropy
(Arab News - 27/04/2018)

Nearly three quarters of philanthropic foundations in the Middle East are concentrated in Saudi Arabia, according to a new report. The study, conducted by researchers at Harvard Kennedy School’s Hauser Institute with funding from Swiss bank UBS, also