Economic & Business News

Legendary investor Mark Mobius could open business in Saudi Arabia

(Arab News - 10/19/2017 6:05:00 AM)

Mark Mobius, the legendary investor, is considering setting up an office in Saudi Arabia for his firm, the $750 billion Franklin Templeton Investments (FTI) group. In an exclusive interview with Arab News, Mobius, who is executive chairman of FTI’s ...

Oman: Gas output to boost GDP next year

(GulfBase - 10/18/2017 10:13:00 PM)

NBK issues a research report where they expect real Oman’s GDP growth to weaken to 0.3 % in 2017 on oil output cuts and slower growth in consumption and investment, before picking up to 2.8% in 2018 thanks to a boost in gas production. The fiscal deficit ...

Property Monitor to provide detailed real estate statistics and data

(Press Release - 10/18/2017 10:02:00 AM)

Property Monitor just became the only real estate data source in the United Arab Emirates (UAE) to provide a real-time real estate index to Bloomberg to display on their terminal. As of October 2016, there were 325,000 Bloomberg Terminal subscribers ...

Saudi KAEC to set up $20m capital fund for SMEs

(Trade Arabia - 10/18/2017 7:30:00 AM)

The Saudi General Authority for Small and Medium Enterprises has signed a deal with King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, to set up a SR75 million ($20 million) capital fund, reported local news agency ...

Top global investment leaders to attend Saudi event

(Trade Arabia - 10/18/2017 7:29:00 AM)

Saudi Arabia’s Public Investment Fund (PIF), one of the world’s leading sovereign wealth funds, announced today that top speakers from the investment world had confirmed their attendance at the invitation-only Future Investment Initiative (FII), to be ...

Qatar Chamber gears up for ‘Made in China 2017’ expo

(Gulf Times - 10/18/2017 7:24:00 AM)

The staging of the third ‘Made in China’ exhibition from November 16 to 19 at the Doha Exhibition and Convention Centre (DECC) reflects “robust Qatari-Chinese relations,” an official of Qatar Chamber has said. Speaking at a press conference in the ...

Oman's central bank raises OMR63m through treasury bills

(Times of Oman - 10/18/2017 7:21:00 AM)

Oman's central bank raised OMR62.81 million by way of a treasury bill. The treasury bill has a maturity period of 91days, from October 18 to January 17, 2018. The average accepted price reached 99.711 for every OMR100 while the minimum accepted price ...

Omani banks achieve 5.9% growth in credit at OMR23b

(Times of Oman - 10/18/2017 7:19:00 AM)

Omani banks, including Islamic institutions, achieved a year-on-year growth of 5.9 per cent in total credit at OMR23 billion by August-end this year. Credit to the private sector alone grew by 6.4 per cent to OMR20.8 billion as of the end of August 2017, ...

Singapore Forum unveils opportunities in Qatar

(The Peninsula - 10/18/2017 7:13:00 AM)

Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani has revealed the vast opportunites available for non-Qatari investors in Qatar. Foreign investors can invest up to 100 percent in several sectors in Qatar. He said foreign capital ...

Dubai forum zeroes in on sustainable investment

(Gulfnews - 10/18/2017 7:08:00 AM)

The ‘Sustainable Investment Forum,’ which was held today as part of the ‘Dubai Investment Week 2017’ — organised by the Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy — witnessed a number of landmark partnerships and ideas ...