Economic & Business News

MENA printing business to grow to $32bn in 2019

(Saudi Gazette - 12/27/2018 8:23:00 AM)

The Middle East and North Africa (MENA) region continues to present one of the world’s key growth regions for printing.

In 2019, the total value of the commercial print business in MENA is forecast to reach $32 billion, according to exclusive ...

Raysut Industrial Estate holds meeting with investors

(Times of Oman - 12/27/2018 8:11:00 AM)

The Quality Improvement Committee at Raysut Industrial Estate held its first meeting chaired by Eng. Hamad Al Qasabi, Director General of the estate and the committee’s chairman.

The meeting was attended by a number of CEOs of companies and ...

UAE, Chechnya explore economic cooperation

(Gulf News - 12/27/2018 7:58:00 AM)

The Zayed Fund for Innovation and Entrepreneurship, established by the Khalifa Fund for Enterprise Development, is contributing to the economic development of Chechnya with a number of projects.

according to Hussain Jasim Al Nowais, chairman of ...

Oman’s first wind turbine installed in Dhofar

(Oman Daily Observer - 12/27/2018 7:56:00 AM)

Masdar, the Abu Dhabi Future Energy Company, announced yesterday the installation of the first of 13 turbines at the 50 megawatt (MW) Dhofar Wind Farm. Located in Dhofar Governorate, the project is fully financed by Abu Dhabi Fund for Development (ADFD). ...

UAE on fast track to attracting investment and world talent

(The Gulf Today - 12/27/2018 7:49:00 AM)

The UAE has moved ahead of other regional and overseas destinations in positioning itself as a hub for investment and international talent, say experts at STA Law Firm.

The introduction of a long-term visa system for investors, entrepreneurs, ...

FTA prepared for tobacco marking plan

(The Gulf Today - 12/27/2018 7:38:00 AM)

The Federal Tax Authority, FTA, has announced the completion of all preparations required to implement its ‘Marking Tobacco and Tobacco Products’ scheme.

Entering into effect on 1st January 2019, the scheme involves the electronic monitoring of ...

Global industry giants eyeing $6.3bn HVACR market

(Trade Arabia - 12/27/2018 7:35:00 AM)

Leading international and regional players in the HVACR (heating, ventilation, air-conditioning and refrigeration) sector will be in Riyadh for three days of business and networking at the HVACR Expo Saudi.

The event, being held from January 28 ...

Saudi Arabia to tender six water projects in 2019

(Trade Arabia - 12/27/2018 7:33:00 AM)

Saudi Arabia plans to tender or award six water-related projects in 2019 as it pushes ahead with a privatization programme that got off to a slow start, said a report.

The cabinet recently approved the tendering of seven desalination and ...

Abu Dhabi to waive duties on industrial imports

(Trade Arabia - 12/27/2018 7:30:00 AM)

Industrial inputs imported to Abu Dhabi will be immediately exempted from customs duties effective January 15, a media report said.

Abu Dhabi Department of Economic Development (ADDED) and the General Administration of Customs in Abu Dhabi ...

KFAS ‘refutes’ rumor that it ranked KCST first in Kuwait

(Arab Times - 12/27/2018 7:28:00 AM)

Kuwait Fund for the Advancement of Science (KFAS) has refuted a rumor circulating on social media that the fund ranks Kuwait College of Science and Technology (KCST) as the best private university in Kuwait in the area of scientific research and official ...