Economic & Business News

Customers forced to use cash as MADA network down

(Saudi Gazette - 9/24/2018 11:15:00 AM)

The MADA payment services were disrupted Sunday for the second time in less than a year affecting sale and purchase operations in shops and withdrawal of money from ATMs.

This disruption forced everyone to deal in cash only. Many retail stores ...

Oman's share index ends marginally lower

(Times of Oman - 9/24/2018 7:39:00 AM)

The MSM30 index ended lower on Sunday and closed at 4486.42 points, down by 0.20 per cent. MSM Sharia Index closed at 618.74 points, down by 0.36 per cent. Al Madina Takaful was the most active in terms of volume while Bank Muscat most active in terms of ...

CBO board meeting discusses key issues

(Times of Oman - 9/24/2018 7:38:00 AM)

The Central Bank of Oman (CBO) Board of Governors held its third meeting of the year on Sunday under the Chairmanship of Sultan bin Salim bin Said Al Habsi, Deputy Chairman of the Board of Governors. The meeting was held at the CBO Headquarters in MBD ...

AMF projects improved growth outlook for GCC

(Gulf News - 9/24/2018 7:31:00 AM)

The Arab Economic Outlook Report from the Arab Monetary Fund (AMF) showed that the economic activities in the Arab region have improved in 2018 because of the increase in the global demand, the rise in the international oil prices, as well as the ...

Berlin’s property market attracting more Qatari investors

(The Peninsula - 9/24/2018 7:26:00 AM)

Berlin’s real estate market is emerging as one of the most favourite destinations for Qatari investors compared to any other big European cities due to several positive and attractive factors the German city ensures to the property owners, said a senior ...

$6.7 billion Liwa Plastics project on track for 2020 completion

(Oman Daily Observer - 9/24/2018 7:20:00 AM)

Orpic, the nation’s refining and petrochemicals flagship, has revealed that Oman’s most anticipated transformational project, Liwa Plastics Industries Complex (LPIC), is currently 67 per cent complete across all four of its ...

Middle East lighting fixtures market to hit $8.7b

(The Gulf Today - 9/24/2018 7:17:00 AM)

Valued at $4.4 billion in 2017, the Middle East lighting fixtures market is tipped to grow 10 per cent annually up to 2024, when revenues will top $8.7 billion.

This was stated by Ahmed Pauwels, CEO of Messe Frankfurt Middle East, during an ...

Opportunity Pavilion to lure record visitors

(The Gulf Today - 9/24/2018 7:16:00 AM)

Millions of people from around the world will have the chance to make meaningful contributions to global development goals at Expo 2020 Dubai’s Opportunity Pavilion, the final major design element to be unveiled ahead of the next World Expo.


Dubai Chamber to head group on SME banking challenges

(Trade Arabia - 9/24/2018 7:14:00 AM)

Dubai Chamber of Commerce and Industry will head a new working group which will be tasked with engaging various public and private sector stakeholders and tackling a variety of banking challenges faced by SMEs, startups and entrepreneurs in ...

Sharjah to regulate real estate brokerage business

(Trade Arabia - 9/24/2018 7:12:00 AM)

In a major move, Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah has announced key steps to regulate the real estate brokerage profession in the emirate, reported state news agency Wam.

Dr Sheikh Sultan ...