Economic & Business News

Facing a changing regulatory world, Dubai’s multinationals launch new group

(Gulf News - 3/14/2018 5:39:00 AM)

A new group launched in Dubai on Monday night, bringing together over 30 multinational companies with the objective of assisting the government in shaping its strategy, particularly trade and fiscal policy.

The Multinational Companies Business ...

Bahrain British Business Forum hosts Projects & Construction Special Interests Group event

(Biz Bahrain - 3/14/2018 5:37:00 AM)

The Bahrain British Business Forum (BBBF) hosted its Special Interest Group (SIG) for Projects & Construction at the Capital Club in Manama this week. The event organised by Al Hamdan Consulting Office (HCO) brought Industry experts from Twintec Middle ...

GCC deal flow unaffected by introduction of VAT

(Oman Daily Observer - 3/14/2018 5:35:00 AM)

The recent introduction of 5 per cent Value Added Tax (VAT) in the UAE and KSA has not impacted deal flow in the GCC as the tax rate is relatively low compared to global markets. Nevertheless, many companies found themselves unprepared for the January 1 ...

Islamic banks must innovate to reverse ‘tapering’ growth: CBO

(Times of Oman - 3/14/2018 5:28:00 AM)

The Central Bank of Oman (CBO) has urged Islamic banks and banking windows in the Sultanate to innovate new products and services in order to sustain the growth of this key segment. Tahir Salim al Amri, Executive President, said the sector, having ...

UAE plays key role in Sudan economy

(The Gulf Today - 3/14/2018 5:25:00 AM)

The United Arab Emirates and the Republic of Sudan enjoy long-standing ties of cooperation and strategic bilateral relations, built on joint coordination and economic and development partnerships, that have contributed to the progress and prosperity of ...

Khalifa Fund to boost UAE SMEs industry

(The Gulf Today - 3/14/2018 5:24:00 AM)

Khalifa Fund for Enterprise Development, KFED, recently hosted a forum on ‘Strategic Alignments — Connections 2018’ to promote domestic Small and Medium-sized Enterprises, SMEs, and support their growth, and implement innovative plans to help foster an ...

Expo 2020 Dubai unveils career portal

(The Gulf Today - 3/14/2018 5:22:00 AM)

Expo 2020 Dubai has launched a new career portal to allow talented and ambitious individuals to join the ranks of its expanding team.

To meet its constantly evolving needs, the career portal will allow individuals to easily access the latest ...

Saudi non-oil growth likely to hit 2.7pc this year

(Trade Arabia - 3/14/2018 5:15:00 AM)

Saudi Arabia's non-oil growth is expected to average 2.7 per cent this year, better than the growth seen in the last two years, according to a Bloomberg economist.

The kingdom's non-oil growth increased 1 per cent in January, a slowdown from ...

Developers invited for Jubail Phase 3 IWPP

(Trade Arabia - 3/14/2018 5:14:00 AM)

Saudi Arabia's Water & Electricity (WEC) has invited expressions of interest (EOI) for the development of an independent water and power project (IWPP) to be located at Jubail Industrial City on the Arabian Gulf coast.

The plant (Jubail Phase ...

KIA profits hit KD 24.68m – Saving public funds

(Arab Times - 3/14/2018 5:13:00 AM)

Minister of Finance Dr Nayef Al-Hajraf revealed the net profit of Kuwait Investment Authority (KIA) for the past three years has reached KD 24.68 million. The sum represents the total value of net profits in fiscal reserves from April 1, 2014 to March ...