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Dubai Trade honours ESEA awards winners for adapting e-services
Source : Khaleej Times  
Date : 2016-02-05
Jamal Majid bin Thaniah, chairman of Dubai Trade, has congratulated the winners of the eighth E-Services Excellence Awards (ESEA) for their role in implementing e-services in trade and logistics in...
Dubai, Italy look to strengthen ties
Source : Khaleej Times  
Date : 2016-02-05
Business communities from the Lombardy region of Italy will be ensured all the help that they need to develop and grow their businesses in Dubai and the region, Dubai Chamber...
Record number of visitors seen at AIME and MRO Middle East
Source : Khaleej Times  
Date : 2016-02-05
Aircraft Interiors Middle East (AIME) and MRO Middle East, the co-located shows connecting aircraft interiors and maintenance, repair and overhaul with the region's leading airlines closed today having seen record...
Indian food festival tickles Saudi palate
Source : Arab News  
Date : 2016-02-05
Existing warm Saudi-Indian ties were spiced up on Wednesday with the launch of the three-day Indian Food Festival in Jeddah....
Stocks lose steam in final hour; SABIC ends lower
Source : Arab News  
Date : 2016-02-05
Stock markets in the Middle East firmed on Thursday as a second day of stronger oil prices helped to revive risk appetite, although Saudi Arabia's bourse lost some steam in...
Qatar cuts January crude OSP to lowest in at least 12 years
Source : TradeArabia  
Date : 2016-02-05
Qatar has cut its January retroactive official selling price (OSP) for crude sales to Asia to the lowest in at least twelve years, in line with a fall in global...
Dubai energy summit tackles regional issues
Source : TradeArabia  
Date : 2016-02-05
The energy industry's most influential thinkers tackled the biggest issues facing the region at the recently concluded inaugural Emirates Energy Efficiency Summit (EEES 2016) in Dubai, UAE....
Qatar banks discuss lower repo rate with central bank
Source : TradeArabia  
Date : 2016-02-05
Qatari commercial banks are discussing with the central bank the possibility of reducing its repo lending rate as low oil and gas prices tighten liquidity in the banking system, market...
Industries Qatar reports QR4.4bn net profit
Source : The Peninsula  
Date : 2016-02-05
Industries Qatar, one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertiliser and steel products, yesterday announced its financial results for the...
Amir announces $300mn Kuwait aid
Source : Arab Times  
Date : 2016-02-05
His Highness the Amir Sheikh Sabah Al-Ahmad Al- Jaber Al-Sabah on Thursday announced Kuwaiti contribution worth $300 million for aiding Syrian people for a three-year period hoping such an initiative...
Saudi currency devaluation would carry major political risk
Source : TradeArabia  
Date : 2016-02-05
A devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use vast foreign exchange reserves to defend...
Industry in Oman to benefit from Iranian expertise
Source : Oman Daily Observer  
Date : 2016-02-05
The economic cooperation between Oman and the Iran culminated in Oman Investment Fund, Iran Khodro Industrial Group Company (IKCO), and Imsar Oman Company, to sign a memorandum of understanding....
Meba plans Bahrain's first solar panel plant
Source : TradeArabia  
Date : 2016-02-05
Work on a plant to make solar panels will begin within months in Bahrain with commercial operations set to commence in September, the company launching the project says....
UAE economy to stay resilient
Source : Khaleej Times  
Date : 2016-02-05
UAE businesses are still pursuing their expansion plans and continue to remain resilient to global cues. A random check with leading business personalities in various economic sectors gave a picture...
Venezuela oil minister calls Qatar meeting 'productive'
Source : The Peninsula  
Date : 2016-02-05
Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada met yesterday with his Venezuelan counterpart, Eulogio Antonio Del Pino Diaz (Minister of Petroleum and Mining)....
Tehran, Moscow ink $40bn projects
Source : TradeArabia  
Date : 2016-02-05
Iran and Russia have initialled contracts worth around $40 billion, including for power-engineering and railway projects, Russian news agencies quoted Ali Akbar Velayati, top adviser to Iran's Supreme Leader Ayatollah...
Korea Eximbank to provide $ 370m project financing for Liwa Plastics
Source : Oman Daily Observer  
Date : 2016-02-04
The export-import Bank of Korea (Korea Eximbank) has announced that it will provide $ 370 million (447.33 billion won) to finance the Liwa Plastics project in Sohar, construction of which...
RAKBANK posts Dhs1.4053b net profit
Source : Gulf Today  
Date : 2016-02-04
RAKBANK Group today announced Dhs1.4053 billion in Net Profit for the year ended 31 December 2015, a marginal decrease of Dhs49.3 million over the previous year....
Real estate transaction value touches QR418.8m
Source : The Peninsula  
Date : 2016-02-04
The combined value of Qatar's real estate transactions amounted to QR418.8m during the fourth week of January, 8 percent up compared to the previous week. However, the total number of...
Cepsa resumes Iranian oil supplies to Spain
Source : The Peninsula  
Date : 2016-02-04
Spanish refiner Cepsa will ship a 1-million barrel cargo of Iranian oil to its refineries, according to vessel agents' data and market players' information on Wednesday....
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