Economic & Business News

Renewables to cut power sector gas demand to 83pc

(Oman Daily Observer - 5/15/2018 7:41:00 AM)

Oman’s longstanding dependence on natural gas a fuel resource for electricity generation is projected to decline to 83 per cent by 2024 — down from around 100 per cent presently — on the back of a raft of solar photovoltaic, wind and coal-based power ...

Latvian President affirms commitment to boost UAE ties

(Media Office Dubai - 5/15/2018 7:35:00 AM)

The UAE is a strategic partner for Latvia which can serve as a gateway enabling Latvian companies to expand their presence in the GCC, Latvian President H.E. Raimonds Vejonis said during his recent meeting with a UAE trade delegation in Riga, led by the ...

UAE and Angola non-oil trade hits $1.6 billion

(The Gulf Today - 5/15/2018 7:30:00 AM)

The non-oil trade relations between the UAE and Angola rose to $1.6 billion by the end of 2017, up by 38 per cent from $1.15 billion in 2016. The figures indicated the widening ties between the two countries during the period.

Eng. Sultan bin ...

Bahrain to develop new open-air lifestyle destination

(Trade Arabia - 5/15/2018 7:29:00 AM)

Bahrain-based property and facility management company Royal Ambassador has announced plans to develop an all-new outdoor lifestyle and entertainment destination 'Juffair Square' in the heart of capital Manama.

The latest addition to the ...

Islamic economy contributes over 8pc of Dubai’s GDP

(Trade Arabia - 5/15/2018 7:22:00 AM)

Islamic economy generates 8.3 per cent of Dubai’s gross domestic product (GDP), according to Dubai Statistics Centre, a strategic partner of Dubai Islamic Economy Development Centre (DIEDC), a media report said.

This was announced by Sultan bin ...

GCC urged to cope with global economic moves

(Arab Times - 5/15/2018 7:21:00 AM)

Kuwaiti Minister of Finance Nayef Al-Hajraf said on Monday it is significant for GCC countries to keep abreast of swift world economic development through uniform economic visions.

Addressing the oneday meeting of the GCC Financial and Economic ...

Investors anticipate significant surge in Saudi equity market

(Saudi Gazette - 5/14/2018 8:37:00 AM)

The Saudi equity market is gaining momentum as it heads for possible inclusion in MSCI’s influential emerging market index in 2018, following the FTSE upgrade as an emerging market last month.

“This rally is underpinned by fundamental factors ...

Oman’s April inflation rises by 0.58%

(Times of Oman - 5/14/2018 8:17:00 AM)

The inflation rate in the Sultanate, calculated in terms of consumer price index (CPI), rose marginally by 0.58 per cent in April 2018, over the same period in 2017, according to the data released by the National Centre for Statistics and Information ...

Qatar Chamber to hold general assembly today

(The Peninsula - 5/14/2018 8:16:00 AM)

Qatar Chamber will hold its general assembly meeting today.The meeting will be chaired by the Qatar Chamber’s Chairman H E Sheikh Khalifa bin Jassim bin Mohammed Al Thani.

The agenda of the meeting includes discussion of the Chamber’s financial ...

Qatar-US trade volume witnesses double-digit growth

(The Peninsula - 5/14/2018 6:17:00 AM)

The bilateral trade volume in goods between Qatar and the US witnessed a double-digit growth (year-on-year) in first quarter of this year (Q1, 2018) compared to the corresponding period last year.

The combined value of goods exchanged between ...