2018 2017 2016 2015 2014 2013 2012 2011 News Archive
January February March April May June July August
ICD gains from robust capital position and strong liquidity
(Saudi Gazette - 16/08/2018)

The Islamic Corporation for the Development of the Private Sector (ICD, Aa3 stable) benefits from a robust capital position and strong liquidity, although its weak asset quality remains a challenge, says Moody's Investors Service in an annual

Governor of Saudi Customs inspects Jadidat Arrar Port to ensure smooth processes
(Saudi Gazette - 16/08/2018)

Governor of the Saudi Customs General Authority Ahmad bin Abdulaziz Al-Hakbani visited Jadidat Arrar Customs Port on Sunday (Aug. 4, 2018) to oversee preparations taking place for welcoming Haj pilgrims set to arrive at the port.<br/><br/> His visit

UAE tops Arab world in competitiveness
(The National - 16/08/2018)

The UAE, which leads the Arab region in terms of competitiveness, and is home to many tech firms, needs to increase efforts to expand the use of latest digital technologies to further enhance its dominance.<br/><br/> Research by the World Economic Forum

Four-day Eid holidays for banks in the UAE
(Gulf News - 16/08/2018)

Banks operating in the UAE will observe a four-day holiday on the occasion of Eid Al Adha. The Central Bank of UAE (CBUAE) has notified banks that the holidays will start on Monday, August 20, and that work will resume on Saturday, August 25.<br/><br/>

Qatar promises $15b investment in Turkey: presidency
(Gulf News - 16/08/2018)

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package was announced after Qatar’s Emir Tamim Bin Hamad Al

Oman’s first wind farm set to be high-tech
(Oman Daily Observer - 16/08/2018)

Oman’s maiden wind farm project, currently in the early stages of implementation in Dhofar Governorate, will feature desert-resistant turbines and other cutting-edge technologies to ensure they deliver peak output even in challenging environmental

$100m alloy wheel project to come up in Suhar
(Oman Daily Observer - 16/08/2018)

Contributing to Oman’s economic diversification efforts, Sohar Aluminium partnered with their latest downstream customer, Synergies Castings Ltd, the leading manufacturer of aluminium alloy wheels in India. The agreement will begin with the construction

UAE to block ships from blacklisted countries
(Trade Arabia - 16/08/2018)

Emirates Classification Society (Tasneef) said that it is ready for the decision the Federal Transport Authority – Land and Maritime (FTA) prohibiting vessels carrying flags of countries that are blacklisted by maritime authorities to enter the UAE’s

GCC debt issuance to exceed $50bn in 2018: Fisch
(Trade Arabia - 16/08/2018)

GCC sovereign issuance is on track to exceed $50 billion in 2018, surpassing last year’s levels, according to Zurich-based Fisch Asset Management, a specialist in select investment strategies.<br/><br/> Two multi-tranche sovereign bond transactions of

Kuwait aspires to be active aviation center, says official
(Arab Times - 16/08/2018)

Kuwait through its new visionary schemes seeks to be an active hub for air transportation for passengers and cargo, affirmed Directorate General of Civil Aviation Chairman Sheikh Salman Sabah Al-Salem Al-Humoud Al- Sabah on Wednesday.<br/><br/> Sheikh

Saudi Vision 2030 ‘will boost competitiveness,’ WEF says
(Arab News - 15/08/2018)

Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness Report.<br/><br/> However, a number of countries are innovating and creating

Omani firms get updates over Opex 2018
(Times of Oman - 15/08/2018)

A meeting was held on Tuesday to apprise Omani companies of the preparation updates for the upcoming Omani Products Exhibition (Opex), which will be held from October 29 to November 1, 2018, in Nairobi, Kenya.<br/><br/> Organised by a committee formed by

UAE most competitive economy in the Mena: World Bank, WEF
(Gulf News - 15/08/2018)

The UAE has the most competitive economy in the Middle East and North Africa (Mena), says a new study from the World Bank Group and the World Economic Forum.<br/><br/> The Arab World Competitiveness Report 2018, launched Tuesday in Dubai, ranked the UAE

Qatar records robust cross-border M&A deals in Q2
(The Peninsula - 15/08/2018)

The number of closed M&A transactions in the GCC recorded a 86 percent growth in the second quarter of 2018 (Q2, 18) compared to Q2,17. The industrials sector witnessed the highest number of transactions, accounting for 20 percent of the total

UAE’s balance of trade posts additional gains of Dhs9.96 billion
(The Gulf Today - 15/08/2018)

The UAE’s balance of trade posted additional gains of Dhs9.96 billion in the first half of this year as the surplus of its balance of trade grew by Dhs6.05 billion this year and the deficit of its balance of trade with the United States dropped by

Dubai Chamber waives late membership fees
(The Gulf Today - 15/08/2018)

The Dubai Chamber of Commerce and Industry has announced it will waive late membership fees in an effort to reduce the cost of doing business in Dubai and enhance the competitiveness of the emirate’s private sector.<br/><br/> The move falls in line with

Dubai property sector gains pace
(The Gulf Today - 15/08/2018)

Emaar Properties recorded revenue for the first half of 2018 of Dhs11.474 billion, 46 per cent higher than H1 2017 revenue of Dhs7.866 billion, led by strong construction progress and growth in malls business.<br/><br/> Emaar’s net profit grew by 18 per

Eight global firms vie for giant Muscat water project
(Trade Arabia - 15/08/2018)

Eight leading international water project developers have been prequalified by Oman Power and Water Procurement Company (OPWP) to build Oman's biggest greenfield water desalination project in the Ghubrah area of the capital, said a report.<br/><br/> With

Kuwait’s current account surplus hits 3-year high
(Trade Arabia - 15/08/2018)

Kuwait’s current account registered its highest surplus in three years during the first quarter standing at KD1.7 billion ($5.58 billion) - about 17 per cent of quarterly GDP - up from KD1.2 billion ($3.94 billion) in the fourth quarter of 2017, said a

CBK issues 3-mth bonds & Tawarruq
(Arab Times - 15/08/2018)

The Central Bank of Kuwait (CBK) said on Tuesday it issued KD 160 million (USD 528 million) worth of bonds and Tawarruq, an Islamic financial product which allows clients to raise money without breaking Muslim bans on interest.<br/><br/> The issue is

55 road projects completed in KSA in H1 worth SR4.9bn
(Saudi Gazette - 14/08/2018)

The Saudi Transport Ministry announced that the number of road projects completed during the first half of 2018 has reached 55 projects, spanning 1,689 km with a total cost of 4.978 billion riyals. The announcement reflects the ministry’s ongoing efforts

Saudi Arabia’s non-oil private sector growth somewhat slow
(Saudi Gazette - 14/08/2018)

Saudi non-oil private sector growth fractionally slower in July, the June data from the Emirates NBD Purchasing Managers’ Index (PMI) for Saudi Arabia released Monday showed.<br/><br/> The survey, sponsored by Emirates NBD and produced by IHS Markit,

Saudi Arabia’s market ‘incredibly exciting’ situation
(Saudi Gazette - 14/08/2018)

“Flyin had been very successful and it is a homegrown company started by Saudis. They built a great business that leveraged technology in India so they have a huge technology arm there. They leveraged the back office and the call center facilities of

Oman-Pakistan economic relations strong, growing
(Times of Oman - 14/08/2018)

Pakistan’s top diplomatic representative to Oman has highlighted the strong and ever growing economic and political ties between the two nations.<br/><br/> Speaking on the occasion of Pakistan’s 71st Independence Day, Ali Javed, Ambassador of Pakistan to

Qatar’s current account balance swings back to surplus
(The Peninsula - 14/08/2018)

Qatar’s current account balance recorded a surplus QR23.4bn in 2017, in contrast to a deficit of QR30.1bn in 2016. The recovery in global energy prices enabled the turnaround in the current account balance and restores back the surplus position that

  • Portfolio Current Value
  • Today's Gain
  • Overall Gain
  • Overall Gain (%)

  •   ()