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| Retail sector surges 1.37% |
| Source : Arab News |
| Date : 2013-05-16 |
| The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day.... |
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| Loans portfolio for Saudi banks exceed SR 1 trillion mark |
| Source : Arab News |
| Date : 2013-05-16 |
| Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.... |
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| US targets two UAE firms for dealing with blacklisted Iran banks |
| Source : Saudi Gazette |
| Date : 2013-05-16 |
| The United States blacklisted two Dubai-based trading companies on Wednesday, accusing them of helping Iran evade financial sanctions and effectively cutting them off from the US financial system.... |
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| Qatar, Bangkok airlines in new deal |
| Source : The Peninsula |
| Date : 2013-05-16 |
| Qatar Airways yesterday announced a new codeshare agreement with Bangkok Airways to destinations across Thailand and the capital cities of neighbouring Cambodia and Myanmar, said a press statement.... |
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| SKAI Holdings plans $ 1b hotel in Palm Jumeirah |
| Source : Khaleej Times |
| Date : 2013-05-16 |
| SKAI Holdings, the Dubai-based real estate investment firm, on Wednesday announced its plans for a new $ 1 billion hotel and furnished residences project on the Palm Jumeirah that will... |
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| Hydrocarbon reserves: KSA has competitive advantage |
| Source : Arab News |
| Date : 2013-05-16 |
| Saudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production, says a Riyadh-based analyst.... |
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| 18 pc jump in Salalah Port general cargo volumes |
| Source : Oman Daily Observer |
| Date : 2013-05-15 |
| General cargo volumes handled by Salalah Port during the first quarter of this year rose 18 per cent to 1.9 million tonnes in comparison with figures for Q1 2012, the... |
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| Tourism Malaysia woos Omanis |
| Source : Oman Daily Observer |
| Date : 2013-05-15 |
| Tourism Malaysia's efforts to promote tourism in the Middle East continued with the launch of its 'Visit Malaysia Year 2014' campaign in Oman yesterday.... |
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| Sultanate presents IT initiatives at Geneva |
| Source : Oman Daily Observer |
| Date : 2013-05-15 |
| The Sultanate yesterday continued its participation in the World Summit of the Information Society Forum by conducting a national workshop in which it reviewed through a number of working papers... |
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| Oman crude at $100.10; MSM adds 33 points |
| Source : Tehran Times |
| Date : 2013-05-15 |
| Dubai Mercantile Exchange (DME) said that Oman oil price (July delivery) has reached $100.10 per barrel, a decline of 0.18 cents from Monday’s $100.28.... |
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| Talks explore joint ventures in tourism |
| Source : Oman Daily Observer |
| Date : 2013-05-15 |
| An official talks session between the Sultanate and Qatar was held yesterday at the Ministry of Finance. The Omani side was led by Darwish bin Ismaeel al Balushi, Minister Responsible... |
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| Orpic revenues top $11bn |
| Source : Oman Daily Observer |
| Date : 2013-05-15 |
| Annual revenues generated by Oman Oil Refineries and Petroleum Industries Company (Orpic), the country's flagship refiner and downstream petrochemicals producer, now top $11 billion, effectively making it the biggest company... |
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| REDTAG opens new store at Serafi Mega Mall |
| Source : Saudi Gazette |
| Date : 2013-05-15 |
| REDTAG, the region’s leading value fashion, lifestyle and home ware retailer opened its 20th store at Serafi Mega Mall in western region last week.... |
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| Oriana hosts 'Elite Wedding' |
| Source : Saudi Gazette |
| Date : 2013-05-15 |
| In an ongoing commitment to provide the best and the finest services in beauty and spa industry, Oriana, the industry’s most prestigious brand in Saudi Arabia, announced that it will... |
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| Insurance stocks in KSA plunge 6.65% |
| Source : Arab News |
| Date : 2013-05-15 |
| Insurance stocks at Tadawul continued to plunge for the second day yesterday since the Capital Market Authority (CMA) announced plans to cut down on speculative trading through tighter rules.... |
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| Burgan Bank Kuwaitization reaches 67% |
| Source : Kuwait Times |
| Date : 2013-05-15 |
| Burgan Bank announced yesterday that the Kuwaitization of its workforce has reached 67%. This is a significant accomplishment for the bank, as it achieves its long-term strategic objectives of nurturing... |
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| Kuwaiti minister in Brussels for Mali donors'' conference |
| Source : Kuwait News Agency |
| Date : 2013-05-15 |
| Kuwait's Minister of Commerce and Industry Anas Khalid Al-Saleh arrived in Brussels Tuesday night to represent His Highness the Amir of Kuwait at the Mali donors' conference which is being... |
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| KSE indices close Wednesday''s session on mixed board |
| Source : Kuwait News Agency |
| Date : 2013-05-15 |
| Indices Kuwait Stock Exchange (KSE) ended Wednesday's session on a mixed board, with the Weighted index gaining 0.91 points reaching the level of 464.85 points, the price index dropped 49.84... |
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| Dubai Municipality to complete 10 projects worth Dh883.5m |
| Source : Emirates 24/7 |
| Date : 2013-05-15 |
| Hussain Nassir Lootah, Director General of Dubai Municipality, has said that the civic body is in great confidence to accomplish the two ambitious tourism projects, the Dubai Safari and Dubai... |
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| Expats working in UAE sent Dh70.5bn home |
| Source : Emirates 24/7 |
| Date : 2013-05-15 |
| Asians and other expatriate workers in the UAE siphoned out nearly Dh70.5 billion in 2012 to turn the country into one of the largest foreign currency source for the labour... |
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