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Saudi Agri Exhibition 2018 to tackle sustainability & food security
(Saudi Gazette - 30/09/2018)

The Saudi Agricultural Exhibition 2018 organized by the Riyadh Exhibitions Company (REC) Ltd. under the patronage of Eng. Abdulrahman Al Fadley, Minister of Environment, Water and Agriculture, is set to take place on Oct. 7 -10, 2018. The exhibition will

Oman Development Bank to host proficiency competition
(Times of Oman - 30/09/2018)

Oman Development Bank (ODB) is organising the fifth edition of its Al-ijadah (proficiency) competition between branches this year. The competition aims to raise the level of operative efficiency among the bank's branches, to create a stimulating work

Credit given by Omani banks top OMR20bn
(Times of Oman - 30/09/2018)

The total bank credit of commercial banks in the Sultanate by the end of June 2018 stood at OMR20.94 billion compared to OMR20.10 billion during the same period of 2017, comprising an increase of 4.1 per cent.<br/><br/> The Statistical Quarterly Bulletin

Gulf states score consistently on development charts
(Gulf News - 30/09/2018)

The Gulf countries experienced a slide in their rankings for the 2018 human development index (HDI) developed by the United Nations Development Programme. The UAE was 34th, Qatar 37th, Saudi Arabia 39th, Bahrain 43rd, Oman 48th and Kuwait 56th among the

Dubai investors breath a sigh of relief
(Gulf News - 30/09/2018)

The Dubai Financial Market General Index (DFMGI) was up by 61.38 or 2.22 per cent last week to close at 2,825.76, its strongest performance in 16 weeks. There were 14 advancing issues and 22 declining, while volume dropped to a four-week low.<br/><br/>

Qatar Petroleum to enhance investment in Pakistan
(The Peninsula - 30/09/2018)

Qatar Petroleum President and CEO Saad Sherida Al Kaabi held talks in Islamabad with Imran Khan, the Prime Minister of Pakistan, on cooperation in the field of energy.<br/><br/> Al Kaabi reviewed Qatar Petroleum’s global portfolio and activities,

Manufacturing central to Oman’s economic growth
(Oman Daily Observer - 30/09/2018)

New investment is expected to help Oman sustain expansion of its manufacturing sector, which has established itself as a leading component of the economy on the back of strong recent growth. Manufacturing grew by 17.8 per cent year-on-year in the first

UAE, Japan discuss cooperation
(The Gulf Today - 30/09/2018)

The Director of Dubai Customs, Ahmed Mahboob Musabih, has received a delegation comprising representatives of Japanese companies headed by the Japanese Consul-General to Dubai, Dr. Akima Umezawa.<br/><br/> During the meeting, the parties discussed means

FTA introduces simplified registration
(The Gulf Today - 30/09/2018)

The Federal Tax Authority (FTA), held an awareness session in the Emirate of Ajman for retailers and other representatives from the private sector in all Northern Emirates in collaboration with the chambers of commerce, introducing them to the simplified

District heating & cooling market to top $400bn by 2024
(Trade Arabia - 30/09/2018)

The district heating and cooling market is poised for solid growth over the next six years with its market size likely to exceed $400 billion by 2024, said a new study by Global Market Insights.<br/><br/> Increasing implementation of regulatory policies

CBB decision to raise rates is in line with monetary policy
(GDN Online - 29/09/2018)

The Central Bank of Bahrain (CBB) decision to raise interest rates is in keeping with its long-standing monetary policy, an expert has said. <br/><br/> Bahrain Centre for Strategic, International and Energy Studies (Derasat) director of economics and

Saudi Arabia expects $11 bln inflows from JP Morgan bond index entry
(Reuters - 29/09/2018)

Saudi Arabia said it expects inflows of around $11 billion into the country’s debt as a result of the inclusion of its international bond issues in JP Morgan’s emerging markets bond indexes. <br/><br/> Saudi Arabia, together with the United Arab

Saudi healthcare market needs $37.3b investment
(Saudi Gazette - 27/09/2018)

The healthcare market in Saudi Arabia requires an estimated $23.6 billion – $37.3 billion new investment as the population grows at a rate of 2.65% per annum, said Colliers International, the global commercial real estate leader, in its latest white

Saudi bond index inclusion paves way for $30bn regional windfall
(Arab News - 27/09/2018)

Saudi Arabia is set to be included in JP Morgan’s emerging market government bond indexes next year, potentially unlocking billions of dollars in fresh investment.<br/><br/> It comes at a key time for the Kingdom’s emerging capital markets as both the

UAE central bank raises interest rates by 25 bps
(Gulf News - 27/09/2018)

The United Arab Emirates central bank said on Wednesday it was raising its repo rate by 25 basis points, and also raising interest rates on the issuance of its certificates of deposit in line with the increase in US dollar rates.<br/><br/> The central

Qatar, Indonesia to expand economic cooperation
(The Peninsula - 27/09/2018)

Qatar Chamber (QC) yesterday hosted an Inodnesian trade delegation headed by the Chairman of Indonesian Professional Engineer Association and the Deputy-Chairman of Indonesia Chamber of Commerce and Industry Raswari Anwar.<br/><br/> The trade delegation

Omani firms attract visitors at Verona fair
(Oman Daily Observer - 27/09/2018)

Leading Omani businesses are exhibiting this week at Marmomacc, the world’s premier trade fair for the stone and marble industry in Verona, Italy. Led by Ithraa — Oman’s inward investment and export development agency — five large Omani marble and stone

GCC-Palestine trade reaches $170m in 2017
(The Gulf Today - 27/09/2018)

The trade exchange between GCC countries and Palestine has reached $170 million in 2017 and will cross $200 million mark in couple of years, said Arafat Asfour, Chairman of PalTrade during the launch of ‘Made in Palestine’ initiative in Dubai. <br/><br/>

File tax returns by Sunday, FTA tells traders
(The Gulf Today - 27/09/2018)

The Federal Tax Authority (FTA) has called on businesses registered in the Value Added Tax (VAT) system whose Tax Period ended on August 31, 2018, to submit their Tax Returns as soon as possible and not wait until the deadline to avoid any

Abu Dhabi fund allocates $871m to support farm sector
(Trade Arabia - 27/09/2018)

Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has allocated nearly Dh3.2 billion ($871.18 million) towards development projects in the agricultural and irrigation sectors in developing countries.<br/><br/>

Dubai allows global investors to start business remotely
(Trade Arabia - 27/09/2018)

Dubai Investment Development Agency (Dubai FDI) and the US-based Alliance Business Centres Network (ABCN) have partnered in a global-first move to enable investors globally to start their business in Dubai without having to be in the UAE.<br/><br/> Dubai

More UAE employees receive salary hikes in 2018
(Trade Arabia - 27/09/2018)

More employees across all UAE economic sectors received salary increases in 2018 compared to the previous year, with 72% of companies across the country awarding their workers raises. <br/><br/> The number of companies paying out bonuses also increased

Bahrain-origin exports hit 485m in August
(Trade Arabia - 27/09/2018)

The value of the Bahrain- origin exports hit BD184 million ($485 million) during August as against BD182 million for the same month of the previous year, marking an increase of 1 per cent, said the Information & eGovernment Authority (iGA).<br/><br/> The

Mobile accounts for 47% of transactions in Middle East, Africa
(Saudi Gazette - 26/09/2018)

Mobile accounts for 47 percent of transactions in Middle East, and Africa (MEA), a rise of 41 percent from a year ago, Criteo, the advertising platform for the open Internet, said in its Q2 “Global Commerce Review” released on Tuesday. The report sad for

Saudi real estate valuers to benefit from RICS’ stamp of approval
(Arab News - 26/09/2018)

Real estate valuers in Saudi Arabia are set to have their industry credentials further boosted following a preliminary agreement signed with the UK-headquartered Royal Institution of Chartered Surveyor (RICS).<br/><br/> Under the terms of the memorandum

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