Economic & Business News

QCB says committed to providing currencies at official rates

(Reuters - 11/24/2017 10:03:00 PM)

Qatar’s central bank (QCB) said on Thursday it was committed to providing all the currency requirements of foreign investors at the official exchange rates. “There are no restrictions on all banking transactions including transfers,” the bank said in a ...

UAE credit growth seen in high single digits

(Gulf News - 11/23/2017 9:59:00 PM)

Credit growth in the UAE is poised to hit the high single digits next year, with positive signs emerging and liquidity improving, the UAE Central Bank governor said on Wednesday. Speaking at a Middle East Banking Forum in Abu Dhabi, Mubarak Rashed Al ...

WIBC to highlight digital technologies

(News of Bahrain - 11/23/2017 2:23:00 PM)

Middle East Global Advisors will convene the 24th edition of their flagship offering – The World Islamic Banking Conference (WIBC) on December 4, 5 and 6 in Bahrain. Based on a strategic partnership with the Central Bank of Bahrain, the three-day long ...

Technology vital for smooth introduction of VAT

(Arab News - 11/23/2017 9:23:00 AM)

Technology and innovation will be a critical factor to ensure the smooth rolling out of value added tax (VAT) on most goods and services in Gulf Cooperation Council countries, according to a PwC report published on Tuesday. Saudi Arabia’s General ...

Dubai off-plan property sales 'at new high'

(Trade Arabia - 11/23/2017 7:53:00 AM)

With property prices across Dubai registering a steep decline for the past three and a half years since its mid-2014 peak, the off-plan sales are at a high, according to an industry expert. The building boom in Dubai is being matched by a buying rush, ...

Tilke lands Bahrain expo centre consultancy contract

(Trade Arabia - 11/23/2017 7:49:00 AM)

Bahrain has awarded a major contract to Tilke, a global engineering and architecture company based in Germany, to provide consultancy services for its new exhibition and conference centre coming up next to the Bahrain International Circuit on a ...

British official lauds Qatari investments in UK

(Gulf Times - 11/23/2017 7:47:00 AM)

Britain’s Undersecretary of State at the Department for International Trade has lauded the value of Qatari investments in the UK, said members of the Qatar Businessmen Association (QBA), which is on a business trip in Europe. Qatari investments in the UK ...

Oman clinches crown as world’s top gypsum exporter

(Oman Daily Observer - 11/23/2017 7:33:00 AM)

Surging gypsum exports have placed Oman well ahead of leading global exporter Thailand to claim — for the first time — the coveted ranking as the world’s top exporter of this mineral commodity. Shipments of gypsum — which is primarily used in the cement ...

SMEs to act as catalyst for Qatar’s future growth

(The Peninsula - 11/23/2017 7:28:00 AM)

Qatar’s fast-emerging SME sector can play critical role to sustain the country’s economic growth. With embarking on an aggressive economic diversification agenda, the SME sector is more important than ever for Qatari economy, Paul H. Smith (pictured), ...

Oman forecasts 3b riyal deficit in 2018

(Gulfnews - 11/23/2017 7:22:00 AM)

The Omani government revealed a projected budget for 2018 of 12.5 billion Omani riyals, with expected revenues of 9.5 billion riyals and a 3 billion riyal deficit. The deficit will be met by dipping into state reserves and borrowing from markets, ...

<12345>