Economic & Business News

Sustained investments to bolster Abu Dhabi’s 2019 prospects

(Gulf News - 12/26/2018 8:18:00 AM)

Abu Dhabi’s GDP growth during 2019 is expected to touch 3.1 per cent as the government continues to ramp up investments in the energy and other sectors allied to it.

“We expect hydrocarbon-specific [oil and natural gas] real GDP to grow by 2.1 ...

GCC Islamic banks show stronger growth than conventional peers

(Oman Daily Observer - 12/26/2018 8:17:00 AM)

Fitch Ratings says in a new report that all Issuer Default Ratings (IDRs) assigned by Fitch to Islamic banks in the Gulf Cooperation Council (GCC) region are investment-grade. About 89 per cent of IDRs are driven by potential sovereign support either ...

SCCI workshop on ‘Balanced Scorecard’ system

(The Gulf Today - 12/26/2018 8:14:00 AM)

The Sharjah Chamber of Commerce and Industry (SCCI) has organised a workshop entitled “Strategic Planning and the Balanced Scorecard for Leaders and Decision-makers,” which reviewed the chamber’s new strategic goals, the Balanced Scorecard system, and ...

UAE-Kazakh forum explores trade ventures

(The Gulf Today - 12/26/2018 8:02:00 AM)

Participants in the UAE-Kazakh Business Forum highlighted the importance of reinforcing trade and investment ties between the two countries. The forum, held recently at the Dubai Chamber of Commerce and Industry, saw discussions and presentations by the ...

No VAT on financial services, says Bahrain cbank

(Trade Arabia - 12/26/2018 7:59:00 AM)

The Central Bank of Bahrain (CBB) has confirmed that Article 54 of the Value Added Tax Law (VAT Law) provides that provision of financial services specified by the Regulation shall be exempt from the application of VAT.

This exemption shall not ...

Bahrain seeks tenders for building over 300 new villas

(Trade Arabia - 12/26/2018 7:57:00 AM)

Bahrain's government has invited bids from qualified contractors for the construction of 303 residential villas on island 14 at Madinat Salman (formerly Northern Town) off the northern coast of the kingdom.

The project is being funded through ...

Biggest shopping festival set to kick-off in Dubai

(Trade Arabia - 12/26/2018 7:56:00 AM)

The 24th edition of the Dubai Shopping Festival (DSF) will open tomorrow (December 26) with a 12-hour flash sale at Mall of the Emirates and City Centres Deira, Mirdif, Me’aisem, Al Shindagha and My City Centre Al Barsha.

“Majid Al Futtaim’s ...

Kuwait fund inks KD 30m deal for Tunis Rullar roads project

(Arab Times - 12/26/2018 7:55:00 AM)

A loan agreement was signed today in Tunis between the Republic of Tunisia and the Kuwait Fund for Arab Economic Development, whereby the Fund will provide a loan in the amount of KD 30,000,000 (equivalent to about US$ 102 million), to assist in the ...

Bahrain to host Mideast's largest Chinese trade expo

(Trade Arabia - 12/26/2018 7:53:00 AM)

Bahrain Tourism and Exhibitions Authority (BTEA) has teamed up with Hilal Conference and Exhibitions (HCE) to host the region's largest Chinese trade expo in the kingdom next year.

More than 60 companies from China will showcase their latest ...

Bahrain to host Mideast's largest Chinese trade expo

(Trade Arabia - 12/26/2018 7:53:00 AM)

Bahrain Tourism and Exhibitions Authority (BTEA) has teamed up with Hilal Conference and Exhibitions (HCE) to host the region's largest Chinese trade expo in the kingdom next year.

More than 60 companies from China will showcase their latest ...