Economic & Business News

Oman’s private education market set to grow to $1.8bn in five years

(Oman Daily Observer - 5/16/2018 8:15:00 AM)

Oman’s private school market has the potential to grow from $1 billion in 2016 to $1.8 billion in 2023, according to a new report by The Boston Consulting Group (BCG), entitled ‘Where to Invest Now in the GCC Private Education’.

Growth in the ...

UAE leads region in renewable energy

(The Gulf Today - 5/16/2018 8:05:00 AM)

The UAE has done impressive work to stay on track with the renewable energy targets and with phases 3 and 4 of the Dubai Solar Park to begin commissioning by the end of 2020, and is placed at the forefront of renewable energy development in the region, ...

Abu Dhabi to ease construction license procedures

(Trade Arabia - 5/16/2018 7:53:00 AM)

Abu Dhabi Department of Urban Planning and Municipalities and Abu Dhabi Civil Defence signed today an agreement to further bolster their efforts aimed at providing integrated services in line with Abu Dhabi Plan.

The memorandum of understanding ...

Dow opens new innovation centre in Saudi Arabia

(Trade Arabia - 5/16/2018 7:49:00 AM)

Dow Chemical Company has announced the launch of its newly-built innovation centre located within the King Abdullah University of Science and Technology (KAUST) premises in Jeddah, Saudi Arabia.

Located in KAUST’s Research and Technology Park, ...

Dubai Tourism signs strategic deal with China's Tencent

(Trade Arabia - 5/16/2018 7:48:00 AM)

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has forged a strategic alliance with China’s mega internet conglomerate, Tencent to elevate the positioning of Dubai as the preferred destination for Chinese travellers, and enhancing ...

Al Habtoor announces exclusive promotion for GCC nationals at ‘The Residence Collection’

(Arab Times - 5/16/2018 7:47:00 AM)

Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group has launched a special promotion for GCC nationals for the sale of homes at UAE’s luxury landmark in the heart of Dubai, The Residence Collection at Al Habtoor City.

For a limited ...

EVOPS sets sights on tapping MICE opportunities in Saudi Arabia

(Saudi Gazette - 5/15/2018 8:39:00 AM)

EVOPS DMCC has announced its plans to tap into the rapidly growing MICE segment in KSA. Michel Noblet, chairman of EVOPS DMCC said, “Saudi Arabia is emerging as one of the most lucrative MICE markets in the Middle East. It offers unprecedented ...

UAE forecast to swing to a fiscal surplus this year, IMF says

(The National - 5/15/2018 8:37:00 AM)

The UAE is expected to swing to a fiscal surplus this year and next as higher-than-expected oil prices offset an uptick in government spending aimed at propelling non-oil gross domestic product growth, the International Monetary Fund’s country mission ...

Qatar’s reforms can mitigate challenges arising from property sector

(Gulf Times - 5/15/2018 8:19:00 AM)

The US property market has witnessed surge in prices and is even higher than pre- recession levels in some places. The UK property market is subdued with falling house prices. China’s new home prices rose as the government supported demand from ...

Qatari & Turkish firms to invest $5.2bn in petrochem project

(The Peninsula - 5/15/2018 8:09:00 AM)

Companies from Qatar and Turkey have joined hands to invest over $5bn in an integrated petrochemicals complex and energy projects to be built in Turkey, Turkish Ambassador to Qatar, Fikret Ozer, revealed yesterday.

The deal has been signed ...