Economic & Business News

Private equity falls out of favour with Sovereign wealth funds

(Gulf News - 7/17/2018 8:06:00 AM)

Sovereign wealth funds (SWFs) are increasing their exposure to listed assets as private market deal activity slows, according to research from the International Forum of Sovereign Wealth Funds (IFSWF).

A recent report on global SWFs by ...

Qatar Financial Centre achieves ISDA recognition

(The Peninsula - 7/17/2018 7:59:00 AM)

The International Swaps and Derivatives Association (ISDA) has recognised Qatar Financial Centre (QFC) as an effective netting regime and published a positive legal opinion to its members, recognising the QFC as a netting friendly jurisdiction.

...

Oman- India bilateral trade ties poised to scale greater heights

(Oman Daily Observer - 7/17/2018 7:56:00 AM)

Oman-India relations in diverse areas were the limelight of the 8th session of the Oman-India Joint Committee (JCM) which began at the Sheraton Hotel on Monday. The Indian delegation headed by Suresh Prabhu, Minister of Commerce and Industry and the ...

Non-oil trade between Abu Dhabi, China at Dhs13.2 billion

(The Gulf Today - 7/17/2018 7:52:00 AM)

The value of non-oil trade between Abu Dhabi and China, in 2017, reached Dhs13.2 billion, constituting around 8.2 per cent of the emirate’s registered trade that totalled AED160 billion during the same year, according to statistics from the Statistics ...

UAE gateway to Middle East markets

(The Gulf Today - 7/17/2018 7:29:00 AM)

The President of the Chinese Business Council in the UAE has said that the upcoming visit of President Xi Jinping of China to the UAE will help boost economic ties between the two countries and will also create additional commercial links, to achieve the ...

Chinese firm to pump Dhs5b into UAE realty market

(The Gulf Today - 7/17/2018 7:28:00 AM)

Fidu Properties, one of the leading Chinese companies in the UAE property market, has announced massive expansion plans in the UAE and region, with over Dhs5 billion worth of investments in the UAE alone over the next three years.

The company, ...

Kuwait's $3bn causeway project enters fast-track

(Trade Arabia - 7/17/2018 7:24:00 AM)

Kuwaiti authorities said that work on Subbiya link of the Sheikh Jaber Al Ahmad Al Sabah Causeway project was moving at a steady pace with the last component of its structure set to be installed by the end of the month, said a report.

On ...

ADFD's development support tops $23bn in 88 countries

(Trade Arabia - 7/17/2018 7:23:00 AM)

Abu Dhabi Fund for Development (ADFD) said in a report celebrating its 47th anniversary that it has expended a total of Dh84 billion ($22.86 billion) to finance approximately 550 projects in 88 beneficiary countries.

Since its inception on July ...

Gulf automation industry on track for double digit growth

(Saudi Gazette - 7/16/2018 8:10:00 AM)

The Gulf region’s automation industry is on track for double digit growth over the next five years, as recovering oil prices and government economic diversification plans boost demand for industrial and building automation technologies, according to new ...

UAE banks continue to perform well, with higher profitability

(Saudi Gazette - 7/16/2018 8:08:00 AM)

UAE banks continue to perform well, with higher levels of profitability, and liquidity is expected to remain healthy for the remainder of 2018, leading global professional services firm Alvarez & Marsal (A&M) on Sunday said in its latest UAE Banking ...