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ATM 2017 opens its doors in Dubai today
Source : Gulf Today  
Date : 2017-04-24
The Global Halal Tourism sector is expected to be one of the top agenda during this year’s 24th Arabian Travel Market (ATM) that opens its doors today (Monday) at the...
Gulf hospitality projects top Dhs544b
Source : Gulf Today  
Date : 2017-04-24
The total value of 1,153 hospitality projects exceeded Dhs544 billion ($148.4 billion) in the first quarter of 2017, according to BNC Network, - the largest and most comprehensive project research...
Here's good VAT news for GCC's oil and gas sector
Source : Khaleej Times  
Date : 2017-04-24
Some or all parts of the supply chain in the vital GCC oil and gas industry will be zero-rated for VAT purposes, according to the framework agreement signed by the...
GCC nations' growth forecasts rising, and here's why
Source : Khaleej Times  
Date : 2017-04-24
Economists are starting to raise their growth forecasts in some of the wealthy oil exporting countries of the Gulf as a slow recovery in crude prices and public spending cuts...
Private investors key to Saudi Arabia's renewable energy plan
Source : Arab News  
Date : 2017-04-24
There has been a major shift in Saudi Arabia's approach to renewable energy.This was underlined last week when further details of the Kingdom's renewable energy drive were laid out, which...
Aramco's green plans look rosy ahead of IPO
Source : Arab News  
Date : 2017-04-24
For those who may consider buying Saudi Aramco shares when the energy giant goes public in 2018, one factor to weigh is the company's green plan....
Foundation stone laid for China-Oman Industrial Park
Source : TradeArabia  
Date : 2017-04-22
Oman's Special Economic Zone Authority at Duqm (Sezad) yesterday (April 19) celebrated the laying of the foundation stone for the China-Oman Industrial Park in Duqm, a project with investments expected...
Demand for steel rebars in UAE to surge by 10%
Source : Gulf Today  
Date : 2017-04-22
The steel consumption of the UAE market in 2017 is set to increase by 10 per cent as compared to 2016, while the domestic production capacity to address these volumes...
Tehran, Hanoi able to reach $2b trade
Source : Tehran Times  
Date : 2017-04-22
Iran and Vietnam can increase the value of their bilateral trade up to $2 billion, Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie said addressing...
Fossil fuels will remain key in shaping economy
Source : The Peninsula  
Date : 2017-04-22
Energy markets will continue to play a vital role in shaping the global economy. Currently, fossil fuels provide more than 81 percent of the world's energy needs, and will continue...
Saudi efficiency review finds up to SR17bn of cost savings
Source : Arab News  
Date : 2017-04-22
The body set up by Saudi Arabia to cut the costs of government projects has identified up to SR17 billion ($4.53 billion) in further efficiency savings, Finance Minister Mohammed Al-Jadaan...
NBAD, First Gulf profit surges 12.4pc in Q1
Source : TradeArabia  
Date : 2017-04-21
The National Bank of Abu Dhabi and First Gulf Bank reported Dh2.93 billion ($797 million) in net profits for the first quarter of 2017, a 12.4 percent growth from Dh2.60...
Qatar bourse market capitalisation reaches QR552.22bn
Source : The Peninsula  
Date : 2017-04-21
Qatar Stock Exchange (QSE) index dropped 54.35 points or 0.53% to close at 10,241.61 points yesterday. On the weekly basis, the index lost 209.86 points or 2.01% last week....
Tadawul to implement new rules for loss-making firms from today
Source : Saudi Gazette  
Date : 2017-04-21
The Saudi Stock Exchange (Tadawul) will implement new procedures and laid out instructions related to listed companies with accumulated losses reaching 20 percent or more of its share capital as...
Taqa to invest Dhs1.8b in 2017
Source : Gulf Today  
Date : 2017-04-21
Abu Dhabi National Energy Company (Taqa), is generating cash from overseas oil and natural gas operations and plans to sell some higher-cost wells in North America, according to a report....
AUBK posts 10% growth in Q1 net financing income
Source : Arab Times  
Date : 2017-04-21
The Bank's revenue from core net financing activities grew by 10% amounting to KD 23.4 million during Q1 2017, up from KD 21.2 million recorded in the first quarter last...
Kuwait bourse slides amid drop in volume
Source : Arab Times  
Date : 2017-04-21
Kuwait stocks spiraled downwards on Wednesday as it extended its losses to fifth consecutive session. The bourse, after a tame start, dived 96.7 pts to 6,788.03 points amid broad selling...
Abu Dhabi's Mubadala secures $2.5 bln private equity investment from France's Ardian
Source : The Peninsula  
Date : 2017-04-21
European fund manager Ardian will invest $2.5 billion in private equity funds run by Mubadala Capital, an arm of Abu Dhabi's state fund Mubadala, the companies said on Thursday, the...
Aramco's new tool improves reservoir management
Source : TradeArabia  
Date : 2017-04-21
While developing and managing reservoirs is a complex and challenging process, a new tool, named Reservoir Engineering Integrated Environment (REOnline), helps engineers to better plan, develop and manage the company's...
Sabic, Exxon select site for US joint venture
Source : TradeArabia  
Date : 2017-04-21
Sabic and ExxonMobil Chemical Company have announced the selection of a site in San Patricio County, Texas, for potential development of a jointly-owned petrochemical complex – currently under study –...
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