Economic & Business News

Saudi Domestic Sukuk: Indication of Financial Solidity

(Asharq Al Awsat - 9/21/2017 8:28:00 AM)

The Saudi Finance Ministry announced on Monday that the third domestic sukuk issuance reached 350 percent in a record rate, while the first issuance was at 297 percent and the second at 300 percent. These figures indicate the solidity of the Saudi ...

Islamic banking products ‘losing appeal in UAE’

(Trade Arabia - 9/21/2017 6:09:00 AM)

The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, a leading comparison site in the Middle East. By analysing statistics from its financial comparison platform, ...

Size of GCC asset management market to double by 2020

(The National - 9/21/2017 6:06:00 AM)

Assets under management are forecast to more than double in 2020 from 2016 levels in the Arabian Gulf region as Sharia-compliant investments continue to rise and an expanding middle class presents more growth opportunities. The total assets managed by ...

Concept developed for new water and wastewater sector structure

(Oman Daily Observer - 9/21/2017 5:56:00 AM)

A multinational team of advisers has helped develop a concept for a new operational structure through which water and wastewater infrastructure and services will be delivered throughout Oman, according to a top official of Nama Holding (formerly The ...

Siege countries failed to harm Qatari economy

(The Peninsula - 9/21/2017 5:48:00 AM)

Qatari investors and members of the business community, including the Qatar Chamber (QC), the country’s oldest and largest private industry representative body, said that the blockading countries have failed in their plans to harm the Qatari economy. ...

Qatar-Kuwait trade set to grow

(The Peninsula - 9/21/2017 5:44:00 AM)

Qatar-Kuwait bilateral trade is expected to witness a sharp jump in the coming years as businesses and investors from both the countries are working in close cooperation to tap growing business opportunities as a result of economic reforms in both the ...

UAE’s AUM seen at near $19b by 2020

(Gulfnews - 9/21/2017 5:41:00 AM)

The total assets under management (AUM) in the Middle East, Africa and South Asia or popularly called as the MEASA Region are expected to surge to $678.9 billion (Dh2.5 trillion) in 2020, from $436.5 billion last year, and that of UAE fund managers are ...

UAE developers weigh up the cost of VAT on construction

(Gulfnews - 9/21/2017 5:37:00 AM)

Dubai’s developers will have to work out ways to handle the VAT (value-added tax) on contractors during a project development phase. This could even have an impact on how developers end up pricing their property values, an industry source said. As such, ...

BCG Report Reveals the Six Imperatives to Empower Women Leaders

(Biz Bahrain - 9/21/2017 5:36:00 AM)

The subject of gender diversity is still an emerging one in the Gulf Cooperation Council (GCC) region – where levels of engagement differ across countries, industries, and organization sizes; hence, many organizations may be missing out on significant ...

Innovation under the spotlight at Sharjah FDI 2017

(The Gulf Today - 9/21/2017 5:32:00 AM)

Innovation and technology were the subjects under discussion during the final panel sessions on the opening day of Sharjah FDI Forum 2017, which concluded on Wednesday at the Jawaher Reception and Convention Centre, Sharjah. The two-day global ...

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