Economic & Business News

New agriculture bulk facility set up in Salalah

(Oman Daily Observer - 7/18/2018 7:18:00 AM)

Port of Salalah marked yet another milestone in its ongoing initiative to promote Oman as a logistics hub for the region with the successful commissioning of a state-of-the-art agricultural bulk terminal in the port. The facility has been developed by ...

Banks urged to adopt whistle-blowing policy

(Oman Daily Observer - 7/18/2018 7:17:00 AM)

The Central Bank of Oman (CBO) says it supports the adoption of ‘whistle-blowing’ policies by banks in the Sultanate as part of a wider commitment by financial institutions in combatting financial fraud. The endorsement came during a forum on Fraud Risk ...

Long history of UAE-China ties

(The Gulf Today - 7/18/2018 7:11:00 AM)

Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council, NMC, has said that the UAE and China have a long history of economic cooperation, which developed greatly under the Founding Father, late Sheikh Zayed Bin ...

UAE-China team visits top 120: MoE

(The Gulf Today - 7/18/2018 7:10:00 AM)

Sultan Bin Saeed Al Mansouri, Minister of Economy, has said that the UAE and China enjoy high levels of dialogue and coordination. These ties are reflected in the intensity of official and trade delegation visits between the two nations, having exceeded ...

Finance’ keen on strengthening commercial & economic growth

(Arab Times - 7/18/2018 7:04:00 AM)

Minister of Finance Nayef Al-Hajraf on Tuesday affirmed Kuwait’s keenness on strengthening its commercial and economic ties on a global scale. “Customs are an asset to enhancing the general budget of the country, and play a vital role in developing ...

Advanced water electrolysis for large scale chemical projects in Saudi Arabia launched

(Saudi Gazette - 7/17/2018 8:55:00 AM)

As renewable energy sources continue their global success story, the demand for integrating them into the current energy and industry landscape has seen a sharp rise in Saudi Arabia. thyssenkrupp now offers a key technology for renewables integration: ...

UAE set to become global leader in VAT innovation

(Saudi Gazette - 7/17/2018 8:54:00 AM)

UAE ranks first in MENA region in terms of innovation, a recent report by Global Innovation Index 2017 revealed The United Arab Emirates has always adopted an innovative methodology, noting that innovation has become a future necessity for the ...

Aviation sector set to soar on back of Saudi Arabia’s new Jeddah hub

(Arab News - 7/17/2018 8:51:00 AM)

Saudi Arabia’s aviation sector is expected to witness impressive growth in the coming years on the back of its expanded Jeddah hub, according to a senior Boeing executive.

Darren Hulst, Boeing’s senior managing director for market analysis for ...

Qatar’s Industrial Production Index rises 3.3% in May 2018

(Gulf Times - 7/17/2018 8:42:00 AM)

Qatar’s Ministry of Development Planning and Statistics (MDPS) said that the Industrial Production Index (IPI) of the country touched 108.5 points for the month of May 2018, an increase by 3.3% compared with the previous month, and 4.7% higher when ...

10,000 Arabs to get training from Chinese experts

(Times of Oman - 7/17/2018 8:37:00 AM)

A total of 10,000 young Arab professionals will receive training from Chinese industry experts as part of the East Asian nation’s bid to build stronger political and economic ties with the Arab world.

The move was announced during the ...