Economic & Business News

Dubai trade sector to see robust demand: study

(Trade Arabia - 5/18/2018 10:20:00 AM)

Dubai’s trade sector is forecast to record robust demand in 2018, supported by key factors such as price competition, accessibility and global demand, according to a new survey from the Dubai Chamber of Commerce and Industry.

The results of the ...

Dow Innovation Center Inaugurated at KAUST

(Saudi Gazette - 5/17/2018 9:48:00 AM)

The newly constructed Dow Innovation Center at King Abdullah University of Science and Technology (KAUST) was inaugurated Tuesday in a ceremony attended by Dow executive leadership, the KAUST Board of Trustees, university leadership, and special invited ...

Saudi rating to be judged on ‘reform progress’ not oil price warns Moody’s

(Arab News - 5/17/2018 9:46:00 AM)

Saudi Arabia’s future sovereign credit rating will be judged on the success of its reform program rather than its oil revenues, rating agency Moody’s has told Arab News.

The global credit rating agency’s Managing Director of Global Sovereign ...

Oman share index ends lower

(Times of Oman - 5/17/2018 9:38:00 AM)

Sentiment remained weak in the region and the MSM30 Index retreated 0.66 per cent to close at 4,653.78 points. The MSM Sharia Index ended at 663.00 points, down 0.53 per cent. Sembcorp Salalah was the most active in terms of volume while Bank Muscat led ...

Qatar current account surplus widens to 6.4% of GDP

(The Peninsula - 5/17/2018 9:28:00 AM)

Qatar’s non-hydrocarbon real GDP recorded a solid 4.2 percent growth for the full year 2017. The country’s current account surplus widened to 6.4 percent of GDP in Q4 in line with higher oil prices while the financial account deficit narrowed. The ...

Qatari investments in Turkey expand to new realms

(The Peninsula - 5/17/2018 9:27:00 AM)

Despite the economic blockade, Qatar’s economic growth will continue with the same pace, or even faster, as the country has explored innovative ways to support and boost its growth, noted an expert.

“Qatari economy is on a growth trajectory ...

Ramadhan shopping bonanza brings big business to retailers

(Oman Daily Observer - 5/17/2018 2:43:00 AM)

Local traders expect a windfall of cash during the holy month of Ramadhan as thousands of people are starting to queue up in major shopping outlets to stock for foods and other related items.

Sales during the month of Ramadhan usually go up by ...

TECOM Group is Key Driver in Achieving Dubai’s Economic Diversification Vision

(Media Office Dubai - 5/17/2018 2:40:00 AM)

TECOM Group, a member of Dubai Holding, continued to show strong performance and sustainable growth in 2017, playing an integral role in Dubai’s diversification plan and consolidating its position as a global business hub. TECOM Group plays a critical ...

UAE’s real estate landscape gains momentum

(The Gulf Today - 5/17/2018 2:34:00 AM)

The UAE witnessed a significant development in the property market last week with the opening of Fidu Properties’ regional office in Dubai. With this event, Fidu now officially establishes its footprint in the local market, having worked remotely with ...

Ajman to exempt businesses from local fines

(The Gulf Today - 5/17/2018 2:33:00 AM)

Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and President of the Executive Council, issued Emiri Resolution No.16 for 2018 to exempt businesses in Ajman from local fines till the end of January 2018, as well as another resolution to reduce ...