Economic & Business News

Expo 2020 Dubai convenes World Majlis in capital

(The Gulf Today - 5/17/2018 2:31:00 AM)

Expo 2020 Dubai’s new World Majlis series is bringing together change-makers and aspiring leaders from around the globe to stimulate a powerful dialogue on how we can create a legacy of meaningful impact that reflects the World Expo’s theme of ...

Bahrain opens giant residential town, to house 90,000

(Trade Arabia - 5/17/2018 2:24:00 AM)

His Majesty King Hamad bin Isa Al-Khalifa last night opened the biggest residential town in Bahrain - the Northern Town - in the presence of HRH Prime Minister Prince Khalifa bin Salman Al Khalifa and HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, ...

ACCA, UBT CEC collaborate to build finance expertise in Saudi Arabia

(Saudi Gazette - 5/16/2018 8:48:00 AM)

The Association of Chartered Certified Accountants (ACCA) and the Continuing Education Center (CEC) of the University of Business and Technology (UBT) in Jeddah are collaborating to develop the finance and accountancy skills for finance professionals in ...

Investments in new LNG projects to help boost QSE

(Gulf Times - 5/16/2018 8:37:00 AM)

Increased investments in new projects related to expansion of liquefied natural gas (LNG) and those aimed at ensuring self-sufficiency as well as higher foreign ownership limits (FOLs) augur well for the Qatar Stock Exchange (QSE), which is now seeking ...

CBO issues treasury bills worth OMR77m

(Times of Oman - 5/16/2018 8:34:00 AM)

Oman’s central bank raised OMR77 million by way of allotting treasury bills on Tuesday.

The treasury bills are for a maturity period of 28 days, from May 16 until June 13, 2018. The average accepted price reached 99.881 for every OMR100, and ...

Oman ready for fourth industrial revolution: TRC

(Times of Oman - 5/16/2018 8:31:00 AM)

Oman is ready for the fourth industrial revolution the Secretary General of The Research Council (TRC) Hilal Al Hanaei said.

The fourth industrial revolution refers to this era wherein new technological breakthroughs will cause disruptions in a ...

Qatar Petroleum invites companies to bid for new petrochemicals complex

(The Peninsula - 5/16/2018 8:28:00 AM)

Qatar Petroleum has invited a group of leading international companies, with extensive experiences in the petrochemicals industry, to submit proposals for partnering with Qatar Petroleum in the development and operation of a new world-scale ...

UAE, Lebanese delegation discuss cooperation

(Gulf News - 5/16/2018 8:22:00 AM)

Sultan Bin Saeed Al Mansouri, Minister of Economy, and a senior Lebanese economic delegation, led by Mohammad Shuqair, chairman of the Lebanese Economic Authorities, discussed the ongoing economic and commercial ties between the UAE and Lebanon across a ...

Kuwait to postpone VAT implementation to 2021

(Gulf News - 5/16/2018 8:21:00 AM)

Kuwait will not implement value-added tax (VAT) before 2021 but will push ahead with introducing excise tax, parliament’s budget committee said in a statement posted on the assembly’s website on Tuesday.

“The committee said implementation of ...

UAE tops commodity trade index

(Gulf News - 5/16/2018 8:20:00 AM)

Dubai tops the world commodity index unveiled in London on Tuesday as part of Dubai Multi-Commodities Centre’s (DMCC) Future of Trade report. The index is based on a country’s location and trade partnerships, its resource endowment, and its institutional ...