Economic & Business News

Fertiliser industry key to addressing food security

(Oman Daily Observer - 9/20/2018 7:22:00 AM)

The fertiliser industry has a crucial role to play in addressing global food security challenges, as the world’s population continues to expand rapidly, driving demand for nutrition and resource availability, said speakers during the opening of the 9th ...

Expo 2020 Dubai team reviews plans

(The Gulf Today - 9/20/2018 7:15:00 AM)

Members of the Expo 2020 Dubai Higher Committee, under the chairmanship of Sheikh Ahmed bin Saeed Al Maktoum, Expo 2020 Higher Committee Chairman, President of the Department of Civil Aviation and Chairman and Chief Executive of Emirates Airline and ...

Top Japanese industrial group opens office in Dubai

(Trade Arabia - 9/20/2018 7:10:00 AM)

Leading Japanese industrial company Asahi Yukizai Corporation has set up its regional base in Dubai Airport Freezone (Dafza).

A major player in the manufacture of industrial resins and plastic valves, Asahi Yukizai Corporation said the new ...

Gulftainer inks 50-year US port concession agreement

(Trade Arabia - 9/20/2018 7:08:00 AM)

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the UAE, finalised a 50-year concession with the State of Delaware in the US to operate and develop the Port of Wilmington, significantly expanding ...

Expat remittances from UAE hit $24bn in H1

(Trade Arabia - 9/20/2018 7:06:00 AM)

Expats remittances from the UAE amounted to Dh88 billion ($24 billion) during the first half (H1) of 2018, a growth of 13.1 per cent from Dh77.8 billion ($24 billion) during the same period last year, a media report said.

Money sent by expats ...

New fuel oil regulations for shipping industry to create winners and losers

(Saudi Gazette - 9/19/2018 8:23:00 AM)

The decision this year of the International Maritime Organization (IMO), a specialized agency of the United Nations, to introduce new rules aimed at reducing the cap on the sulfur content of marine fuel has an impact on the Gulf’s oil dynamics, the Arab ...

Pakistan PM Khan expected to boost aid and trade from visit to Kingdom

(Arab News - 9/19/2018 8:20:00 AM)

Faced with a financial crisis at home, Pakistan Prime Minister Imran Khan’s first visit to Saudi Arabia could provide a much needed boost to the country’s political and economic confidence, experts said on Tuesday.

The trip, which began on ...

CBO issues treasury bills worth OMR30.40mn

(Times of Oman - 9/19/2018 7:53:00 AM)

Oman’s central bank raised OMR30.40 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 28 days, from Wednesday until October 17, 2018.

The average accepted price reached 99.836 for every ...

Abu Dhabi details Dh50b business programme

(Gulf News - 9/19/2018 7:36:00 AM)

The Abu Dhabi Executive Council’s Executive Committee has revealed the details of the business and investment encouragement tenet as part of the Abu Dhabi Government Accelerators Programme “Ghadan 21”.

The Dh50 billion three-year development ...

UAE leads in ICT Global Competitiveness Index

(The Gulf Today - 9/19/2018 7:27:00 AM)

The United Arab Emirates has achieved a new accomplishment in ICT global competitiveness by achieving advanced ranks in the Global Competitiveness Index, according to the results published recently by the International Telecommunication Union ...