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Saudi Aramco takes steps to maximize IPO valuation
Source : Arab News  
Date : 2017-06-20
The government of Saudi Arabia and Saudi Aramco are taking further steps toward maximizing the value of the state-owned oil giant in preparation for the sale of shares to citizens...
Iran sells crude oil at $44.85 per barrel in a week
Source : Tehran Times  
Date : 2017-06-19
Iran sold its light crude oil at $44.85 per barrel in the week ended on June 9, with $2.09 decrease from its previous week, IRNA reported on Saturday....
Cheaper oil depresses most of Gulf but MSCI hopes buoy Saudi stocks
Source : Arab News  
Date : 2017-06-19
Most major Gulf stock markets fell on Sunday because of weak oil prices, but hopes that Saudi Arabia will join MSCI's group of emerging markets, which would trigger billions of...
King Abdullah Port completes construction of central operations room for customs
Source : Arab News  
Date : 2017-06-19
The Ports Development Co., the owner and developer of the King Abdullah Port, announced that building a central operations room for monitoring and linking customs X-ray inspection systems in the...
KAPSARC, Energy Ministry join hands on energy price reforms
Source : Saudi Gazette  
Date : 2017-06-19
Saudi Minister of Energy, Industry and Mineral Resources Khalid Al Falih said the ministry works with the King Abdullah Petroleum Studies and Research Center (KAPSARC) on energy price reform process,...
KSA's private wealth expected to be the highest in the GCC over next five years
Source : Saudi Gazette  
Date : 2017-06-19
Private wealth growth in the Kingdom of Saudi Arabia witnessed a slight increase in 2016 (3.1 percent). It continues to rank as the country with the highest private wealth in...
Prices of 16 building materials fall in Abu Dhabi
Source : Khaleej Times  
Date : 2017-06-19
Building materials prices for the month of May 2017 in Abu Dhabi underwent noticeable changes, with average prices of 16 categories declining as compared with their equivalents in April 2017...
UAE leads GCC in private wealth growth
Source : Khaleej Times  
Date : 2017-06-19
Private wealth in the UAE, which hosts one of the highest densities of the world's super rich, is projected to record the strongest growth in the GCC with a predicted...
Emirates renews global media contract with Havas Media
Source : Khaleej Times  
Date : 2017-06-19
Emirates, the Middle East's leading airline, announced today the renewal of its contract with Havas Media....
Dubai a second-home hub for multi-millionaires
Source : Khaleej Times  
Date : 2017-06-19
Dubai ranks among the top five second home hotspots for the world's multi-millionaires, according to New World Wealth, a wealth research firm....
'UAE energy strategy to save up to Dhs700b'
Source : Gulf Today  
Date : 2017-06-19
The UAE's new energy strategy is set to save up to Dhs700 billion by 2050, according to Suhail Bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy....
Overall growth of wealth in UAE rose by 8.3% last year
Source : Gulf Today  
Date : 2017-06-19
The growth of private wealth in the UAE witnessed a significant 8.3 per cent increase in 2016, leading the Gulf Cooperation Council, GCC, countries, according to a new report by...
Abu Dhabi Ports launches 5th annual safety campaign
Source : Gulf Today  
Date : 2017-06-19
Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports in UAE, has rolled out the annual UAE Ministry of Labour and Abu Dhabi Occupational Health...
Oman UAE Exchange wins ESQR Quality Achievement Award
Source : Gulf Today  
Date : 2017-06-19
Oman UAE Exchange, a leading remittance and foreign exchange brand in the Sultanate of Oman, has won the European Society for Quality Research (ESQR) Quality Achievement Award for its commitment...
DED Abu Dhabi, ADBWC sign cooperation agreement
Source : Gulf Today  
Date : 2017-06-19
The Department of Economic Development (DED), in Abu Dhabi and the Abu Dhabi Businesswomen Council (ADBWC) signed a cooperation agreement for enhancing and activating cooperation between the two sides and...
Dafza showcases investment in Spain
Source : Gulf Today  
Date : 2017-06-19
The Dubai Airport Freezone Authority (Dafza) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain....
DSI initiates 75 per cent capital reduction
Source : Gulf Today  
Date : 2017-06-19
A leading Middle East regional engineering and services leader, Drake & Scull International (DSI) on Sunday disclosed that the initial projected timeline of the capital restructiong programme has been deferred...
Dhs2.4b of assets run by 24 UAE venture capital funds
Source : Gulf Today  
Date : 2017-06-19
A total of 24 venture capital funds have been incorporated by the Securities and Commodities Authority, SCA, by the end of 2016, running assets of more than Dhs2.4 billion, according...
Most dynamic growth in remittances
Source : Gulf Today  
Date : 2017-06-19
Asia is the originating region of the highest number of migrants, 77 million, with 48 million of them remaining within the continent, and annual remittances to the Asia-Pacific region increased...
Oman shares open week on a stable note
Source : Times of Oman  
Date : 2017-06-19
Oman’s benchmark MSM30 Index opened the week on a stable note and closed at 5,249.24 points, up 0.02 per cent....
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