Economic & Business News

Liquidity situation improving in Oman, say bankers

(Times of Oman - 4/27/2017 7:42:00 AM)

Bank liquidity in Oman is improving and financial institutions are in a comfortable position now, according to bankers, who attended the “New Age Banking Summit Oman” here on Wednesday. “The liquidity situation is improving now. We had undergone some ...

GCC value-added tax framework provides roadmap for Qatar: KPMG

(Gulf Times - 4/27/2017 7:39:00 AM)

Following the release of the unified agreement for value-added tax (VAT) for the Gulf Cooperation Council (GCC) countries by Saudi Arabia, Philippe Norré, head (Indirect Taxes) at KPMG in Qatar, stated “this milestone was paving the way for the ...

Bahrain Marina masterplan unveiled at Gulf Property Show

(Trade Arabia - 4/27/2017 7:33:00 AM)

Bahrain Marina Development Company, a wholly-owned subsidiary of the Social Insurance Organization (SIO), unveiled the masterplan of its ambitious project, Bahrain Marina, for the first time at the Gulf Property Show, currently under way in Bahrain. ...

UAE project awards surge 42.6% in the first quarter

(Gulfnews - 4/27/2017 5:58:00 AM)

The value of UAE projects awarded rose by a solid 42.6 per cent quarter on quarter in the first quarter of 2017, with both Dubai and Abu Dhabi seeing significant increase. The value of projects awarded was above the two-year trend level and up a moderate ...

Small and medium-sized enterprises bloodline of UAE economy

(The Gulf Today - 4/27/2017 5:52:00 AM)

Small and medium-sized enterprises, or SMEs, are the “bloodline” of the UAE economy, delegates from the UAE Pavilion have emphasised across activities at Hannover Messe, where Emirati innovators are exhibiting to large international audiences. As the ...

‘GCC-US economic ties can be well enhanced’

(Saudi Gazette - 4/27/2017 5:46:00 AM)

Sidra Capital, a Saudi multi-family office, has invited the former Director of Economic Policy at the White House Todd Buchholz to Saudi Arabia to meet local investors to discuss the new Trump administration and its potential implications and influence ...

Saudi Forum 2017 to tackle opportunities as govt aims to hike FDI to 5

(Saudi Gazette - 4/27/2017 5:45:00 AM)

Saudi Arabia is aiming to increase the foreign direct investment from 3.8% of its current GDP to about 5.7% in 2017, as part of its efforts to diversify its economy and boost investment inflows into the kingdom. Policymakers in Riyadh are also continuing ...

Saudis opt for personalized travel services through apps

(Saudi Gazette - 4/27/2017 5:42:00 AM)

Saudi Arabia is ahead in the travel industry that is undergoing major transformation, according to industry leaders participating in this year’s 24th edition of the Arabian Travel Market, a global B2B exhibition showcasing over 2,800 products and ...

Record issuance marks GCC’s shift toward bonds from loans

(Arab News - 4/27/2017 5:37:00 AM)

The volume of international bond issues from the Gulf may hit a record high for a second straight year in 2017 as lower oil prices crimp the capacity of banks to finance billions of dollars of investments and state budget deficits. Issuance data shows ...

UAE remains Oman’s top non-oil export market

(Times of Oman - 4/26/2017 7:46:00 AM)

Oman’s neighbouring country, the United Arab Emirates (UAE), retained its position as the main destination of the country’s non-oil exports in the first eleven months of 2016. The Sultanate’s non-oil exports to the UAE touched OMR559.7 million, which ...

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