Economic & Business News

SAR to float tenders for the Riyadh-Dammam and the Land Bridge Project

(Saudi Gazette - 3/13/2018 7:48:00 AM)

Speaking at the 12th edition of the Middle East Rail 2018, Khalid Al Sultan, vice president - infrastructure, Saudi Railway Company (SAR), covered the company’s railway development plans in context of the country’s Vision 2030. He explained that railway ...

Women’s empowerment is an effective way to drive progress: Princess Lamia

(Saudi Gazette - 3/13/2018 7:47:00 AM)

AccorHotels organized the 2nd Edition of Women’s Empowerment and Integration Forum Initiative held in collaboration with Ministry of Labor and Social Development and Saudi Commission for Tourism & National Heritage & sponsored by Al Waleed ...

Abu Dhabi fund allocates $17m to Seychelles renewable projects

(The National - 3/13/2018 7:42:00 AM)

Abu Dhabi Fund for Development, the UAE’s government-backed development aid entity, has allocated Dh64.2 million ($17.4m) towards two renewable energy projects in the Seychelles, it said in a statement on Monday.

Around Dh31.2m of the aid will ...

UAE Banks Federation chief sees higher loan growth, profitability in 2018

(The National - 3/13/2018 7:39:00 AM)

The head of the UAE Banks Federation expects higher loan growth and profitability for banks in 2018 as the economy turns the corner and lenders reduce the amount of non-performing loans that piled up during the SME debt crisis in the wake of the 2014 oil ...

Pakistan trade bodies look for JV with Qatari investors

(The Peninsula - 3/13/2018 7:33:00 AM)

Pakistan Business Forum Doha (PBFD) and Rawalpindi Chamber of Commerce & Industry has entered into a long term partnership aiming at mutual cooperation and promoting bilateral trade, investment and industry between Pakistan and Qatar.

A formal ...

Sharjah Govt issues $1b sukuk

(Gulf News - 3/13/2018 6:14:00 AM)

The Government of Sharjah has issued a $1 billion (Dh3.67 billion) dollar sukuk on a 10 year maturity. The lead arrangers for the issue were Sharjah Islamic Bank, Dubai Islamic Bank, HSBC and Standard Chartered.

Walid Al Sayegh, ...

Another reason why UAE investors should target the US

(Gulf News - 3/13/2018 6:03:00 AM)

Canada’s loss could provide some additional gains for US cities in tapping Middle East investor interest. It was last year that Vancouver imposed a 15 per cent tax on foreign property investors.

This could have “UAE investors choosing to invest ...

Dubai Airport Freezone Authority announces new partnership with Liaoning Chamber of Commerce UAE

(Media Office Dubai - 3/13/2018 5:58:00 AM)

Dubai Airport Freezone Authority (DAFZA), one of the UAE’s leading free zones, has announced a new strategic partnership with Liaoning Chamber of Commerce UAE. The Memorandum of Understanding (MoU) will increase collaboration between the two ...

Kazakhstan, UAE trade ties on upswing

(Gulf News - 3/13/2018 5:56:00 AM)

Trade relationship between the UAE and Kazakhstan is growing rapidly with bilateral trade between the two countries reaching $246 million (Dh904 million) for 2016 and the UAE investments in the central Asian country touching close to $2 ...

GCC states ‘remain committed’ to Gulf Railway

(Gulf News - 3/13/2018 5:54:00 AM)

Gulf Cooperation Council (GCC) nations remain committed to the Gulf railway project, a top official told delegates at the Middle East Rail conference on Monday.

Khalifa Bin Saeed Al Abri, Assistant Secretary-General for Economic and Development ...