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Govt spending in Qatar set to increase
Source : The Peninsula  
Date : 2017-01-17
Supported by an expected higher oil prices, the GCC's aggregate fiscal deficit will narrow to 7.5 percent of GDP in 2017 and 4.9 percent in 2018, from 8.8 percent of...
Masraf Al Rayan's 2016 profit reaches QR2.08bn
Source : Gulf Times  
Date : 2017-01-17
Masraf Al Rayan has posted a net profit of QR2.08bn in 2016, the bank said yesterday.The bank's total assets reached QR91.5bn in December compared with QR83.3bn in December 2015, which...
Oman Shipping signs 3-year deal with Shell
Source : TradeArabia  
Date : 2017-01-17
Oman Shipping Company (OSC) today announced that its subsidiary, Oman Charter Company (OCC), has entered into a contract of affreightment (COA) agreement with Shell International Eastern Trading Company (Shell) for...
UAE 'second largest FDI recipient in W Asia'
Source : TradeArabia  
Date : 2017-01-17
The UAE was the second largest FDI recipient in the West Asia region in 2015, after Turkey, according to the FDI report set to be released by Abu...
GCC real GDP growth to stay weak this year
Source : TradeArabia  
Date : 2017-01-17
The real GDP growth in the GCC in 2017-18 is likely to remain weak by historical standards with an average of 1.6 per cent and ranging from 0.7 per cent...
Acwa Power agrees new Jordan PV deal at record-low rate
Source : TradeArabia  
Date : 2017-01-17
Acwa Power has agreed with the Government of Jordan to develop, finance, construct, own and operate a new 61.3 MWp photovoltaic project in Risha, a province in Eastern Jordan....
GE unit wins new Alba power plant deal
Source : TradeArabia  
Date : 2017-01-17
GE Power, a division of GE, today announced an order from Aluminium Bahrain (Alba) for a turnkey combined-cycle power plant, including three GE HA gas turbines, which will power the...
Annual oil income projected to hit $ 41b
Source : Tehran Times  
Date : 2017-01-17
Iranian Oil Minister Bijan Namdar Zanganeh has estimated the country's oil revenues to reach $ 41 billion by the end of the current Iranian calendar year (March 20, 2017)....
S.Korea's Dec. Iran crude imports surge 648.2% on year
Source : Tehran Times  
Date : 2017-01-17
South Korea's Iranian crude oil imports in December soared nearly eight times greater than a year ago, and its 2016 crude imports from Tehran more than doubled from 2015 levels,...
Iran, Germany to produce 50 diesel locomotives
Source : Islamic Republic News Agency  
Date : 2017-01-17
Akhundi said the locomotives will be manufactured in MAPNA Company of Iran in cooperation with German Siemens Company....
DLD extends date for GREA application submission
Source : Gulf Today  
Date : 2017-01-17
The Dubai Land Department (DLD) has extended the application deadline for The Gulf Real Estate Awards (GREA) until the February 15, 2017, allowing candidates a longer period to submit their...
SAM partners with Fujitsu to launch ERP implementation
Source : Gulf Today  
Date : 2017-01-17
The Sharjah Asset Management (SAM), the official investment arm of the Sharjah Government, has a reputation for high-end projects and initiatives that strengthen the economy of Sharjah....
DI targets booming solar energy market across Middle East
Source : Gulf Today  
Date : 2017-01-17
Dubai Investments (DI), the leading, diversified investment company listed on the Dubai Financial Market, is targeting a strong growth in the booming solar energy market through its subsidiary Emirates Insolaire...
Gulf Craft inks deal with Germany-based luxury yacht dealer
Source : Gulf Today  
Date : 2017-01-17
Gulf Craft has announced its partnership with Germany-based Drettmann, a globally recognised dealer of luxury yachts, for the shipyard's sales in the European continent and Russia....
Steel fabricators capitalise on GCC construction
Source : Gulf Today  
Date : 2017-01-17
The ongoing massive construction of new projects in the GCC indicates a steady flow of investments into sectors like infrastructure and manufacturing attracting global steel fabricators to the region....
NMC to set up UAE pavilion at Expo 2017 in Astana
Source : Gulf Today  
Date : 2017-01-17
The National Media Council (NMC) will start work on the design and installation of the UAE pavilion in February at the EXPO 2017 Astana, in Kazakhstan, after it received the...
Saudi Arabia pledges adherence to oil cut
Source : Gulf Today  
Date : 2017-01-17
Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that Opec's plan to...
Villas for large families launched in Dubai
Source : Khaleej Times  
Date : 2017-01-17
Dubai Properties (DP) has announced the launch of 'La Quinta', the second phase of the Villanova residential community in Dubailand. The announcement comes after the launch of Amaranta, the first...
Dubai, Kazakhstan set to promote ties on Islamic economy
Source : Khaleej Times  
Date : 2017-01-17
The Dubai Islamic Economy Development Centre (DIEDC) on Monday signed a memorandum of understanding (MoU) with the Astana International Financial Centre (AIFC) to exchange expertise in the field of Islamic...
Dubai's food imports rise again, hit 33 million tons in 2016
Source : Khaleej Times  
Date : 2017-01-17
The number of food shipments reached Dubai through land, sea and air in 2016 was 351,761 and the total imported food volume reached 33.743 million tons, said Dubai...
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