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UAE consumer spending to exceed $261b
Source : Gulf Today  
Date : 2017-08-14
Consumer spending in the UAE, which amounted to nearly $183 billion in 2016, is forecast to rise at a compound annual growth rate (CAGR) of 7.5% over the next five...
Qatargas delivers first Q-Max cargo to Thailand
Source : The Peninsula  
Date : 2017-08-14
Qatargas delivered the first Q-Max cargo of Liquefied Natural Gas (LNG) under the long-term Sale and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited - 3 (Qatargas 3) and...
Investment spending set to drive Kuwait growth
Source : Gulf Times  
Date : 2017-08-14
Kuwait's non-hydrocarbon growth is expected to accelerate to an average of 4.1% over 2017-2019 as the authorities implement an investment programme that aims to upgrade refineries and infrastructure, a report...
Total's deal 'breaks the ice', Iran says
Source : Tehran Times  
Date : 2017-08-14
Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia has said that the deal with Total breaks the ice of foreign investment in Iran's economy....
Takamul lays out plan to monitor Saudization of tourism sector
Source : Arab News  
Date : 2017-08-12
The National Center for Tourism Human Resources Development (Takamul) organized a workshop laying out plans to monitor the Saudization of tourism jobs....
ME fire protection market posts growth
Source : Gulf Today  
Date : 2017-08-12
The Middle East fire protection systems market is witnessing double-digit growth, driven by growing construction activities, technology innovation, and accelerated fire protection expenditure by institutions and enterprises....
Saudi Arabia's $8bn phosphate project begins production
Source : TradeArabia  
Date : 2017-08-12
The Ma'aden Wa'ad Al-Shamal Phosphate Company's (MWSPC) $8 billion Umm Wu'al phosphate project in Saudi Arabia has started production of ammonia, merchant-grade acid and fertilizer, said US-based Fluor Corporation....
Sohar Aluminium appoints expert team to investigate incident
Source : Times of Oman  
Date : 2017-08-12
Sohar Aluminium has put together a team of experts to investigate an incident that had occured at the plant on August 4, that had disrupted normal operations....
IEA cuts estimates for crude needed from Opec
Source : Gulf Times  
Date : 2017-08-12
The International Energy Agency cut estimates for the amount of crude needed from Opec this year and in 2018 after lowering its historical assessments of consumption in some emerging nations....
Iran rises oil output in July
Source : Tehran Times  
Date : 2017-08-12
According to OPEC's latest monthly report published on August 10, oil production in Iran stood at 3.824 million barrels per day (bpd) in July, an increase of 7,000 bpd from...
Iran banking restrictions in China nothing to do with US sanctions
Source : Islamic Republic News Agency  
Date : 2017-08-11
Chinese government has recently changed internal regulations and put some limitations to create transparency and to fight money laundering, Ali Asghar Khaji told Islamic Republic News Agency (IRNA) on Friday....
Amanat Holdings H1 profit rises 4.8% to Dh25 million
Source : Khaleej Times  
Date : 2017-08-11
Amanat Holdings, a healthcare and education investment company, on Thursday said it recorded a net profit of Dh25 million for H1 2017, a 4.8 per cent increase compared to the...
Moody's fires starting gun for international financial groups moving staff to Saudi Arabia
Source : Arab News  
Date : 2017-08-11
The planned opening of a Moody’s office in Saudi Arabia has fired the starting gun for the race to build a presence in the country by international financial groups before...
London, Bombay, Delhi and Manila top destinations for travelers through Abu Dhabi Airport
Source : Arab News  
Date : 2017-08-11
London, Bombay, Delhi and Manila were the top destinations of travelers passing through Abu Dhabi International Airport in June, state news agency WAM reported on Thursday....
DP World, Egypt set up joint venture company for Suez Canal development
Source : Arab News  
Date : 2017-08-11
DP World has entered into a joint venture with the General Authority for the Suez Canal Economic Zone in Egypt to develop projects in the free zone and trade hub...
Woqod posts net profit of QR373m in H1
Source : The Peninsula  
Date : 2017-08-11
Qatar Fuel Company (Woqod) posted a net profit of QR373m for the first half (H1) of the current finical year ended June 30, 2017, down by 31 percent compared to...
Qatar's bank assets jump 11.6% y-o-y to QR1.32tn in June
Source : Gulf Times  
Date : 2017-08-11
Qatar's bank assets grew 11.6% year-on-year (y-o-y) in June to QR1.32tn, compared to a growth of 12.3% in May, QNB has said and noted that domestic assets grew 12.4% year-on-year...
UAE listed banks report over $5bn net profit in H1
Source : TradeArabia  
Date : 2017-08-11
A total of 19 listed banks in the UAE reported net profit of around Dh19 billion ($5.17 billion) during the first half of the year, a 3.8 per cent growth...
Russian bank makes $100m tourism investment in Iran
Source : Islamic Republic News Agency  
Date : 2017-08-11
The investment is to be made based on an agreement which was signed on August 10 in Moscow between Managing Director of the Russian bank Abdullah Amrov and representative of...
JCPOA opens new door for cooperation with Iran
Source : Islamic Republic News Agency  
Date : 2017-08-11
Japanese Ambassador to Iran Hiroyasu Kobayashi vocied his country's readiness to promote economic cooperation with Iran, saying that Joint Comprehensive Plan of Action (JCPOA) opened a new way for cooperation...
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