Economic & Business News

Qatar inflation expands 0.4% m-o-m in May 2018

(Gulf Times - 7/16/2018 7:57:00 AM)

Qatar's cost of living, based on consumer prices index (CPI), expanded 0.4% in May 2018 compared to the previous month, owing to higher expenses, particularly towards transportation, food, clothing, recreation and furniture, according to official ...

Dubai government’s China push gets major boost

(Gulf News - 7/16/2018 7:27:00 AM)

Hala China, a Dubai government initiative to attract Chinese tourists, signed a slew of agreements on Sunday morning with local partners such as Emirates, Dubai Parks and Resorts, Bank of China, and UnionPay.

Spearheaded by state-owned firms ...

Made in Qatar’ to open Oman expo in November

(The Peninsula - 7/16/2018 7:22:00 AM)

The second edition of ‘Made in Qatar’ exhibition to be held outside Qatar, will open in Muscat, the capital city of Oman, during November 5-9, in cooperation with the Ministry of Energy and Industry and Qatar Development Bank.

Qatar Chamber ...

Oman’s first local SME consultancy firm marks new milestone

(Oman Daily Observer - 7/16/2018 7:20:00 AM)

Destination Sustainability, Oman’s first local SME consultancy firm specialising in Corporate Sustainability and Social Responsibility officially inaugurated its new offices in Airport Heights. There to mark the start of a new phase of growth for the ...

UAE firm aims further growth in transportation business

(The Gulf Today - 7/16/2018 7:14:00 AM)

Gulf Pinnacle Logistics, one of the leading school bus transport providers in the UAE, aims to sign more than five new schools adding thousands of students by the end of 2018 as the company is in advanced discussions with various schools in the country, ...

ADFD’s development plan hits Dhs84b

(The Gulf Today - 7/16/2018 7:13:00 AM)

In a report celebrating its 47th anniversary, Abu Dhabi Fund for Development, ADFD, announced that it has expended a total of Dhs84 billion to finance approximately 550 projects in 88 beneficiary countries.

Since its inception on 15th July ...

UAE, China model for strong ties

(The Gulf Today - 7/16/2018 7:12:00 AM)

The UAE and China are keen to reinforce and strengthen their overall ties, including in the tourism sector. The strength of their bilateral ties has contributed to the significant growth of the number of Chinese tourists visiting the UAE, which totalled ...

IMF welcomes Bahrain reforms; urges deficit cuts

(Trade Arabia - 7/16/2018 7:01:00 AM)

International Monetary Fund (IMF) directors have welcomed Bahrain authorities’ commitment to continue subsidy reforms, cut non-productive spending, and raise non-oil revenues by introducing a value-added tax by 2019.

Following their ...

Expo 2020 Dubai offers huge retail opportunities

(Trade Arabia - 7/16/2018 7:00:00 AM)

Retail companies of all sizes can capitalise on the huge merchandising opportunities available before, during and after Expo 2020 Dubai.

With more than 5,000 types of official licensed products due to go on sale, Expo 2020 is seeking companies ...

DIFC posts solid H1 growth, draws more global firms

(Trade Arabia - 7/16/2018 6:59:00 AM)

Dubai International Financial Centre (DIFC) has announced strong growth in its community, with new companies from various parts of the world joining the Centre. The total number of active registered companies in DIFC reached 2,003 at the end of June, up ...