Economic & Business News

$400bn enterprise value of Mideast companies at risk through disruption

(Saudi Gazette - 12/24/2018 7:49:00 AM)

Companies in the Middle East are being roiled by disruptive change, which is putting more than $400 billion of enterprise value at risk from competitors that have learned to innovate and convert economic opportunities into realities, according to a new ...

Chemicals sector to sustain strong growth across regions

(Saudi Gazette - 12/24/2018 7:47:00 AM)

THE chemicals sector continues to grow strongly across all regions and we expect that strength to continue during 2019. Specialty chemicals have been performing particularly well in recent times. Bulk chemicals markets are growing well too, especially in ...

Trading within MENA region to remain subdued

(Saudi Gazette - 12/24/2018 7:44:00 AM)

Trading activity within the MENA region is likely to remain subdued affected by the Holidays season, Allied Investment Partners PJSC Market Report said. Investor sentiment is also expected to be affected by concerns over global growth, it ...

Dubai Tourism inks deal with Japanese travel agency

(Gulf News - 12/24/2018 7:38:00 AM)

Dubai’s Department of Tourism and Commerce Marketing (DTCM) has signed a memorandum of understanding with H.I.S. Co, a Japanese travel agency, to confirm collaboration between the two sides.

The agreement, which was signed in Tokyo, highlights ...

Applications for commercial licences increase during Q2 of 2018

(Oman Daily Observer - 12/24/2018 7:35:00 AM)

The Ministry of Commerce and Industry (MoCI) said that the number of applications for trademarks, commercial licenses and commercial agencies during the second quarter of 2018 reached to 6,128. MoCI said the number of commercial licenses, which are in ...

Dubai free zones’ contribution to non-oil trade growth hits Dhs394b

(The Gulf Today - 12/24/2018 7:34:00 AM)

Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council (DFZ Council), noted that Dubai’s free zones have made a significant contribution to the growth of non-oil trade. Free zone trade in Dubai hit Dhs394 billion in the first nine ...

Dubai ecosystem for innovation and future economy

(The Gulf Today - 12/24/2018 7:31:00 AM)

Mohammed Al Gergawi, Minister of the UAE Cabinet Affairs and The Future, Vice Chairman of the Board of Trustees and Managing Director of Dubai Future Foundation, said that Dubai became an ecosystem for innovation and the future economy, and a preferred ...

All eyes on IoT Middle East 2019

(The Gulf Today - 12/24/2018 7:30:00 AM)

Following positive response and an impressive line up of speakers confirmed for the ‘Internet of Things 2019’, key stake holders from the region have confirmed their presence at the Armani Hotel Dubai from the 20th to the 21st of February, 2019 for the ...

DWTC receives over 500,000 visitors in ’18

(The Gulf Today - 12/24/2018 7:29:00 AM)

Dubai World Trade Centre, DWTC, has announced another successful year for its consumer and entertainment events, as it closes 2018 having hosted over 500,000 visitors at more than 29 events. This indicates an approximate seven per cent increase in ...

Blockchain 'safest tool for managing VAT in Bahrain'

(Trade Arabia - 12/24/2018 7:28:00 AM)

The introduction of value added tax (VAT) in Bahrain next year is an excellent opportunity to build a unique and optimised taxation system and blockchain technology will be a safe and effective tool for its management, said an IT industry ...