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| Saudi outlook remains optimistic, says IMF |
| Source : Khaleej Times |
| Date : 2010-08-29 |
| Saudi Arabia’s economic outlook remains broadly positive as it was well prepared in confronting the global crisis, reflecting lessons learned from the mid-1980s when oil prices collapsed and the country... |
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| Central Bank to issue silver coins |
| Source : Gulf Today |
| Date : 2010-08-29 |
| The UAE Central Bank will issue on Sunday a commemorative silver coin to mark the occasion of the 40th anniversary of the establishment of the National Centre For Documentation and... |
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| SCA abides by Code of Professional Conduct and General Profession Ethics |
| Source : Khaleej Times |
| Date : 2010-08-29 |
| The Emirates Securities and Commodities Authority, or SCA, continues to ensure the development of its human resources through training to sharpen their skills, chief executive Abdullah Al Turifi said.... |
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| LG opens regional learning centre at Jebel Ali Free Zone |
| Source : Khaleej Times |
| Date : 2010-08-29 |
| LG Electronics inaugurated its newest Middle East and Africa (MEA) Learning Centre at the Jebel Ali Free Zone, representing a major step in the development of industry standards in the... |
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| Qatar-Vietnam relations at new high, says envoy |
| Source : The Peninsula |
| Date : 2010-08-28 |
| Bilateral trade relations between Qatar and Vietnam have significantly improved over the last three years, Vietnamese Ambassador Phung The Long said yesterday.... |
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| 'Slower growth looms for GCC banks' |
| Source : Gulf Times |
| Date : 2010-08-28 |
| The GCC banking industry is expected to see slower growth and its non-performing loans’ (NPLs) share in total credit portfolio is slated to rise in 2010-11, according to a report.... |
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| Kuwait offers Japan investment openings |
| Source : Kuwait News Agency |
| Date : 2010-08-28 |
| Kuwaiti Ambassador in Japan Abdel-Rahman Al-Eteibi urged Japanese companies to seek to seize mega trade and investment opportunities in Kuwait, which plans to inject fresh investments worth KD 30 billion... |
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| Qatar bank expands healthcare sector stake |
| Source : Gulf Times |
| Date : 2010-08-28 |
| Qatar First Investment Bank (QFIB), along with London-based private equity Argus Capital, has acquired a 40% stake in Memorial Health Group (MHG) of Turkey, its second venture in the healthcare... |
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| HSBC banks on 'Save Energy Oman' campaign |
| Source : Oman Daily Observer |
| Date : 2010-08-28 |
| Reaffirming its dedication to environmental sustainability, HSBC, the world’s local bank, will be turning its air-conditioning to 23 degrees after signing a pledge to take part in the Save Energy... |
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| Kuwaiti banks’ profitability likely to be impacted by high impairment charges |
| Source : Arab News |
| Date : 2010-08-28 |
| Kuwaiti banks may continue to see increases in impaired loans due to the lag effect of the weaker economic conditions of 2009 and high exposure to troubled sectors include investment... |
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| Kuwaiti diplomat meets Australian official on economic ties |
| Source : Kuwait News Agency |
| Date : 2010-08-28 |
| Acting Kuwaiti Charge D'affaires in Australia Anas Al-Shaheen met an Australian trade official on ways and means of reinforcing and promoting economic and trade relations between Kuwait and Australia.... |
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| Saudi Arabia remains South Korea's top oil supplier |
| Source : Saudi Gazette |
| Date : 2010-08-28 |
| South Korea’s crude imports in July went up 5.5 percent year on year to 68.96 million barrels (2.22 million b/d) despite a marginal rise in demand and crude throughput and... |
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| OPEC seen to cut exports |
| Source : Saudi Gazette |
| Date : 2010-08-28 |
| The Organization of Petroleum Exporting Countries will reduce crude shipments by 0.3 percent to the middle of next month as refiners cut imports while they conduct maintenance, tanker-tracker Oil Movements... |
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| UAE electronics market to hit $2.77bn this year |
| Source : Arab News |
| Date : 2010-08-28 |
| The UAE’s consumer electronics market — also known as the addressable market for computing devices, mobile handsets and audio and video products — is projected to be worth $2.77 billion... |
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| Certificates of deposit tender |
| Source : Oman Daily Observer |
| Date : 2010-08-28 |
| Certificates of deposit (Issue No 683) tender was held at the Central Bank of Oman (CBO) last week. The total amount allotted was RO 802 million. A bulletin issued by... |
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| Nawras seeks to raise RO 400m from IPO |
| Source : Oman Daily Observer |
| Date : 2010-08-28 |
| Mobile services provider Nawras, a subsidiary of Qatar Telecom Qtel, is looking to raise up to RO 400 million ($1.04 billion) from its initial public offering (IPO), Reuters reported at... |
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| Power transmission network expansion |
| Source : Oman Daily Observer |
| Date : 2010-08-28 |
| Oman Electricity Transmission Company (OETC) will sign here tomorrow a series of contracts of a total value of RO 42.9 million, aimed at upgrading the country’s critical power transmission infrastructure.... |
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| June broad money supply up 8% |
| Source : Oman Tribune |
| Date : 2010-08-28 |
| The broad money supply in the Sultanate rose by 8 per cent to 8,208.3 million rials in June compared to the same period in last year, said the monthly Banking... |
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| Iraqi oil facilities need security |
| Source : Saudi Gazette |
| Date : 2010-08-28 |
| When Major General Hamid Ibrahim starts listing the challenges and shortcomings of his Iraqi oil protection police, he doesn’t stop for over an hour.... |
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| Saudi Arabia’s outlook‘ broadly positive’: IMF |
| Source : Saudi Gazette |
| Date : 2010-08-28 |
| Saudi Arabia’s economic outlook remains “broadly positive” and the banking system is “fundamentally sound”, although vulnerabilities remain especially from the volatility of oil prices, the International Monetary Fund (IMF) said... |
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